GERENCIAMENTO DE RESULTADOS: ESTUDO EMPÍRICO EM EMPRESAS BRASILEIRAS E PORTUGUESAS ANTES E APÓS A ADOÇÃO DAS IFRS

The objective of this study was to analyze the effect of the process of convergence to the standards of international accounting on Earnings Management levels in Brazilian and Portuguese companies. The study is as a descriptive-explanatory research using the quantitative approach guided by the adapted Barth et al. (2008) model to estimate the level of earnings management. The study analyzed 143 Brazilian companies and 30 Portuguese companies taken from the website of Thomson Financial Worldscope and analyzed them in two different periods – post and pre-convergence. The data analysis was performed using multivariate statistical techniques, panel data analysis, logistic regression, variance ratio test and spearman correlation (rho). The results of the four earnings management measures were not statistically significant to attest the effect of international accounting standards issued by the IASB on earnings management levels in the post-convergence period. It is important to highlight that the search for quality in accounting information does not only depend on the convergence to international accounting standards in the countries, but on the other factors as well, such as cultural, socioeconomic and institutional and legal factors, which influence the process of accounting convergence. Keywords: earnings management, Brazilian and Portuguese companies, adoption of IFRS.