Financial statement comparability and earnings management under alternative standards: A study of Brazilian electrification cooperatives

IF 4.4 3区经济学 Q3 ENERGY & FUELS

Utilities Policy Pub Date : 2025-09-23 DOI:10.1016/j.jup.2025.102058

Paulo Vitor Souza de Souza , Allison Manoel de Sousa

引用次数: 0

Abstract

This study examines the relationship between financial statement comparability, under regulatory and corporate standards, and earnings management in Brazilian electrification cooperatives. The sample includes 36 cooperatives analyzed from 2014 to 2022 using panel and quantile regression. Results show that higher comparability is associated with lower levels of earnings management, especially under regulatory standards, with a more substantial effect in cooperatives prone to manipulation. The study highlights the role of comparability in reporting standards and the relevance of reducing information asymmetry, benefiting cooperatives and creditors in financial resource allocation.

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替代标准下的财务报表可比性和盈余管理：巴西电气化合作社研究

本研究探讨财务报表可比性之间的关系，在监管和公司的标准，和盈余管理在巴西电气化合作社。采用面板回归和分位数回归对2014年至2022年的36家合作社进行了分析。结果表明，较高的可比性与较低的盈余管理水平相关，特别是在监管标准下，对容易被操纵的合作社的影响更大。该研究强调了可比性在报告标准中的作用，以及减少信息不对称、使合作社和债权人在财政资源分配中受益的重要性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Utilities Policy ENERGY & FUELS-ENVIRONMENTAL SCIENCES

CiteScore

6.80

自引率

10.00%

发文量

审稿时长

66 days

期刊介绍： Utilities Policy is deliberately international, interdisciplinary, and intersectoral. Articles address utility trends and issues in both developed and developing economies. Authors and reviewers come from various disciplines, including economics, political science, sociology, law, finance, accounting, management, and engineering. Areas of focus include the utility and network industries providing essential electricity, natural gas, water and wastewater, solid waste, communications, broadband, postal, and public transportation services. Utilities Policy invites submissions that apply various quantitative and qualitative methods. Contributions are welcome from both established and emerging scholars as well as accomplished practitioners. Interdisciplinary, comparative, and applied works are encouraged. Submissions to the journal should have a clear focus on governance, performance, and/or analysis of public utilities with an aim toward informing the policymaking process and providing recommendations as appropriate. Relevant topics and issues include but are not limited to industry structures and ownership, market design and dynamics, economic development, resource planning, system modeling, accounting and finance, infrastructure investment, supply and demand efficiency, strategic management and productivity, network operations and integration, supply chains, adaptation and flexibility, service-quality standards, benchmarking and metrics, benefit-cost analysis, behavior and incentives, pricing and demand response, economic and environmental regulation, regulatory performance and impact, restructuring and deregulation, and policy institutions.