Competitividade e gerenciamento de resultados: um estudo sob a ótica da Teoria R.A

Abstract

According to The R.A Theory, for Hunt (1995), achieving superior economic performance enables companies to achieve regular superior performance and thus achieve sustainable superior performance. Due to this theory raised by Hunt, the seasonality of the companies was questioned, since if in one period it is at a higher level, because in the other it has a drop to Parity or even Inferiority, and it should be maintain regular and sustainable performance. The purpose of this monograph was to analyze whether non-financial companies listed on B3, which have seasonally competitive performance, manage their accounting results. After applying the TOPSIS multicriteria method in the sample of 316 companies, 75 companies were presented that presented the financial performance with seasonality. Among them, 45 practiced earnings management, indicating that seasonality can be explained by earnings management, since in this sample selection of companies with seasonality, 60% manage their results according to the Eckel method.