Tone management of voluntary disclosures in Brazilian public companies’ press releases
This study seeks to verify whether Brazilian public companies manipulate qualitative 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 f...
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Universidade Federal do Ceará
2020-04-01
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doaj-babaffecb5cb448d96364db5eb57b49d2021-01-26T16:52:58ZengUniversidade Federal do CearáContextus1678-20892178-92582020-04-0118395110.19094/contextus.2020.43366Tone management of voluntary disclosures in Brazilian public companies’ press releasesPaulo Vitor Souza de Souza0https://orcid.org/0000-0001-5746-1746Polyana Batista da Silva1https://orcid.org/0000-0002-1537-123XFederal University of Pará (UFPA)Federal University of Pará (UFPA)This study seeks to verify whether Brazilian public companies manipulate qualitative 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, taken from press releases voluntarily released by the companies and analyzed by the 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 positive tone manage less results. These findings present relevant information as they highlight the quality of the texts contained in the companies' reports.http://periodicos.ufc.br/contextus/article/view/43366tone managementearnings managementvoluntary disclosuretextual analysispress releases |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Paulo Vitor Souza de Souza Polyana Batista da Silva |
spellingShingle |
Paulo Vitor Souza de Souza Polyana Batista da Silva Tone management of voluntary disclosures in Brazilian public companies’ press releases Contextus tone management earnings management voluntary disclosure textual analysis press releases |
author_facet |
Paulo Vitor Souza de Souza Polyana Batista da Silva |
author_sort |
Paulo Vitor Souza de Souza |
title |
Tone management of voluntary disclosures in Brazilian public companies’ press releases |
title_short |
Tone management of voluntary disclosures in Brazilian public companies’ press releases |
title_full |
Tone management of voluntary disclosures in Brazilian public companies’ press releases |
title_fullStr |
Tone management of voluntary disclosures in Brazilian public companies’ press releases |
title_full_unstemmed |
Tone management of voluntary disclosures in Brazilian public companies’ press releases |
title_sort |
tone management of voluntary disclosures in brazilian public companies’ press releases |
publisher |
Universidade Federal do Ceará |
series |
Contextus |
issn |
1678-2089 2178-9258 |
publishDate |
2020-04-01 |
description |
This study seeks to verify whether Brazilian public companies manipulate qualitative 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, taken from press releases voluntarily released by the companies and analyzed by the 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 positive tone manage less results. These findings present relevant information as they highlight the quality of the texts contained in the companies' reports. |
topic |
tone management earnings management voluntary disclosure textual analysis press releases |
url |
http://periodicos.ufc.br/contextus/article/view/43366 |
work_keys_str_mv |
AT paulovitorsouzadesouza tonemanagementofvoluntarydisclosuresinbrazilianpubliccompaniespressreleases AT polyanabatistadasilva tonemanagementofvoluntarydisclosuresinbrazilianpubliccompaniespressreleases |
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