Responsabilidade Social Corporativa e Gerenciamento de Resultados no Brasil
DOI:
https://doi.org/10.22478/ufpb.2318-1001.2023v11n1.58103Abstract
Objective: To analyze the influence of earnings management (EM) practices in the disclosure of corporate social responsibility (CSR) actions in Brazilian companies.
Background: The economically emerging context and the organizational scandals that involved the concealment of information were taken into account for the theoretical position that Brazilian companies used CSR practices in order to cover up the opportunistic behavior of EM.
Method: From the operationalization of the Ordinary Least Squares (OLS) regression, 73 publicly traded companies that had information available during the years 2012 to 2016 were investigated. To determine the level of EM, the discretionary accruals model was used de Pae (2005) and the quality model of accruals by Allen, Larson, and Sloan (2013). For CSR, the multidimensional model of environmental and social practices was used.
Results: The results showed a negative relationship between EM and CSR, which suggests that companies disseminate information about CSR and manage the results with less intensity, in order to disseminate transparent and higher quality information, which is consistent with the informational approach of the company. CSR and contradicts what was expected by this research.
Contributions: This study provides evidence to stakeholders that Brazilian companies do not disclose CSR as a way to mask their opportunistic EM practices, which can assist analysts' forecasts and investor decisions about socially responsible companies.
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