Tone management of voluntary disclosures in Brazilian public companies’ press releases

Contextus

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