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Audit quality and the market value of cash: the role played by the Big 4 audito...
Manoel, Aviner Augusto Silva; Moraes, Marcelo Botelho da Costa; Perez-de Toledo, Eloisa; Pündrich, Gabriel PereiraDespite the extensive discussion in the accounting literature regarding the importance of internal control for the proper allocation of corporate resources, little is known about the role of auditors as a governance mechanism in reducing agency costs related to cash resources. This study extends the literature that explores differences in audit quality by examining whether perceived audit quality, measured by t...
Determinants of corporate cash holdings in private and public companies: insigh...
Moraes, Marcelo Botelho da Costa; Manoel, Aviner Augusto Silva; Carneiro, JorgeDespite growing academic and media interest in cash management, little is known about the cash-holding behavior of private firms, particularly in emerging economies, and the influence of the cost of carrying cash on their cash levels. This study addresses this gap by analyzing the determinants of cash holdings in private and public companies within the Latin American setting. Additionally, it investigates wheth...
The effects of multinationality on the market value of cash: evidence from Lati...
Manoel, Aviner Augusto Silva; Moraes, Marcelo Botelho da Costa; Carneiro, Jorge; Toledo, Eloisa Perez-deThe aim of this paper is to examine whether the value investors place on cash holdings varies between multinationals and domestic firms from Latin America. Utilizing data from the six largest Latin American economies, our analyses with different proxies of multinationality reveal that investors do not attribute a significant valuation premium, nor do they impose a price discount, on the cash held by Latin Ameri...
The relationship between earnings management and equity market timing
Moraes, Marcelo Botelho da Costa
The effects of length of service and ethical ideologies on moral development an...
Moraes, Marcelo Botelho da Costa
Análise dos determinantes de desempenho em cooperativas de crédito no Brasil: u...
Moraes, Marcelo Botelho da Costa
Características institucionais dos países e práticas de evidenciação das provis...
Moraes, Marcelo Botelho da Costa
A relação entre a remuneração executiva e o desempenho de companhias do setor d...
Moraes, Marcelo Botelho da Costa
A suavização do lucro líquido e a persistência das contas de resultado nas empr...
Moraes, Marcelo Botelho da Costa
The net income smoothing and the persistence of earnings accounts in Brazilian ...
Kajimoto, Clarice Gutierrez Kitamura; Nakao, Sílvio Hiroshi; Moraes, Marcelo Botelho da CostaA literatura não é conclusiva sobre a suavização de resultados representar ou não boa qualidade da informação contábil, por ser uma forma de gerenciamento de resultados e por também estar associada à persistência do lucro. Este trabalho usa as contas de resultado para verificar se a suavização do lucro líquido, atendendo aos interesses dos gestores, pode coexistir com a persistência, conferindo aos investidores...