Contextus | |
Tone management of voluntary disclosures in Brazilian public companies’ press releases | |
Polyana Batista da Silva1  Paulo Vitor Souza de Souza1  | |
[1] Federal University of Pará (UFPA); | |
关键词: tone management; earnings management; voluntary disclosure; textual analysis; press releases; | |
DOI : 10.19094/contextus.2020.43366 | |
来源: DOAJ |
【 摘 要 】
ThisstudyseekstoverifywhetherBrazilianpubliccompaniesmanipulatequalitative information through tone management. Forty-three companies were selected from Brazil's Ibovespa, Bolsa e Balcão (B3), with quarterly data from 2017 to 2018. The data regarding positive tonality were formatted using Loughran and McDonald (2011) word classification, takenfrompressreleasesvoluntarilyreleasedbythecompaniesandanalyzedbythe software Atlas.ti8. The index was regressed against the discretionary accrualsobtained in two results management models. The results point to a negative and significant relationship between accounting management and positive tone of reporting, i.e. companies with higher positivetonemanagelessresults.Thesefindingspresentrelevantinformationasthey highlight the quality of the texts contained in the companies' reports.
【 授权许可】
Unknown