A qualidade da informação no contexto das PME em Portugal
: as empresas familiares

  • Marta Diana da Silva Fernandes (Student)

Student thesis: Master's Thesis

Abstract

This dissertation briefly summarizes the quality of information in the context of Small and Medium Enterprises (SMEs) in Portugal, and it is extremely pertinent to analyze to that effect if there is a greater propensity for these companies - in the context of Family businesses - to manipulate their results. The focus will be on SMEs given their importance in the context of the Portuguese economy. SMEs are primarily responsible for investment and development in Portugal. The methodology used to evaluate the impact of the property structure in the manipulation of results, will be based on accruals, through the application of Dechow and Dichev (2002) model, where we chose (Peasnell et al., 2005). In order to avoid any bias problems associated with the use of time series models, Pearson et al. In addition, we will use the distributions model of Burgsthaler and Dichev (1997) for an analysis about the behavior of companies. Based on a sample of 64,646 SMEs and using the Dechow and Dichev (2002) model, the empirical results show that there is a positive relationship between company ownership and the practice of earnings management. In particular, it is concluded that the higher the percentage of capital held by each shareholder who has at least one surname equal to the two surnames of the manager, the greater the standard deviation (lower quality of information), and consequently, the higher the level of earnings management.
Date of Award10 Jul 2017
Original languagePortuguese
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorRicardo Cunha (Supervisor) & Paulo Alves (Co-Supervisor)

Keywords

  • Information quality
  • Earnings management
  • Corporate governance
  • Ownership structure
  • Discretionary accruals

Designation

  • Mestrado em Auditoria e Fiscalidade

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