Banca de DEFESA: ROBERTO VASCONCELOS COSTA JÚNIOR

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : ROBERTO VASCONCELOS COSTA JÚNIOR
DATE: 24/11/2023
TIME: 14:00
LOCAL: Vídeo Conferência
TITLE:

SMOOTHING OF RESULTS: AN ANALYSIS IN FOOTBALL CLUBS

 

 

 

 

 

KEY WORDS:

income smoothing; soccer clubs; provisions and contingent liabilities.

 

PAGES: 70
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

Accounting information serves as a communication resource from an entity to its stakeholders, where it has the power to influence decision-making. Earnings smoothing is a possibility of earnings management that aims to create positive reserves in good times and use them to balance cash flows in difficult or crisis periods. This earnings management method is often used in for-profit companies. The vast majority of soccer clubs, for example, are not-for-profit entities, which aim to expand the assets of the legal entity constituted. However, it is observed that they move billions of dollars a year; therefore, based on the Disclosure theory, the study aims to analyze how the practice of income smoothing occurs in Brazilian soccer clubs. The data that will be collected refer to the period from 2017 to 2022, with emphasis on the years 2020 and 2021, the peak of the Covid-19 pandemic in Brazil. The information will be collected from the websites of the clubs and their federations. The study presents a differential, it will include two income smoothing metrics: (1) Eckel Index (1981) and (2) Smoothing factors proposed from the grouping of the metrics EM1 and EM3 of Leuz, Nanda and Wysocki (2003). Logistic regression and factor analysis were used for data analysis. The results show, through the Eckel Index, that the practice of income smoothing occurs in soccer clubs in specific periods. The logistic regression analysis for the Eckel Index with the explanatory variables Return on Assets (ROA), General Indebtedness (ENDGER), Leverage (ALAV) and Provision for Contingencies (PROV) were not significant for the study. Nevertheless, the Club Size (TAM) represented by the natural logarithm of assets proved to be significant.. Regarding the variable Smoothing Factor of Leuz, Nanda and Wysocki (2003), we used factor analysis to create a ranking of the clubs that smoothed the most. Therefore, the results suggest that the manager of soccer clubs is smoothing the profit at opportune moments, increasing the persistence of provision accounts to decrease the result. Consequently, investors, lenders and club financiers who base their investments on the cash flows of clubs that smooth net income the most through a greater amount of discretionary accruals may have their judgment compromised.

 

COMMITTEE MEMBERS:
Presidente - 2374828 - JOANA DARC MEDEIROS MARTINS
Interno - 4966048 - RAIMUNDO MARCIANO DE FREITAS NETO
Externa à Instituição - MARIA DANIELLA DE OLIVEIRA PEREIRA DA SILVA - UFPB