GERENCIAMENTO DE RESULTADOS CONTÁBEIS SOB A ÓTICA DA TIPOLOGIA JURÍDICA: um estudo comparativo entre as companhias listadas em bolsas americanas

Discretion in the issuance of accounting information generates "disturbances" that affect its quality, such interference is sustained by proxies that are not necessarily correlated to the legal framework that conditions the accounting practices around the world. The objective of this paper was to verify if the level of earnings management is incentivated or restricted by the legal characteristic of markets where the shares are traded. We surveyed accounting information of listed companies in the US market. Two models were used: the Hribar et al. (2002) to measure the level of variability of the result by air and PAE model (2005) as an operational model for the detection of earnings management. The results reject the hypothesis that there is no significant variability in the profits of the companies listed in the american market in a global way, identifying that in companies of origin code law there is less variability in the profits. It was also rejected the hypothesis that companies of origin code law, when inserted in markets with characteristics of greater protection to the investor tend to present restricted opportunistic behavior.