¿Probable, posible o remota? Un estudio sobre gestión de la información contable utilizando provisiones contingenciales en entidades de previsión complementaria

Abstract

The research verified whether there is management of accounting information by specific discretionary accruals in pension funds, which could occur from the accounting registration decision of the contingency provisions with the intention of improving the results disclosed in the consolidated financial statements. For this, a sample was composed with the 30 largest private pension entities operating in Brazil, in relation to total assets, in their sectors of activity, being 15 EFPC and 15 EAPC. Data were from the period of 2010 to 2017 and the technique used was panel data regression using the pooled MQO method. With the analysis of the results, it was noticed that the Operational Liability and the Operational Result explain the changes in the Contingency Provisions, showing that there was management by the managers. Regarding the liabilities, it was perceived that the pressure of the regulator against possible deficit results can promote the management by the regulated ones. As for the operating result, when it increases, improving the results of the investment of the entity, it allows an increase in the contingency provisions. Such facts confirm Kothari’s (2001) theory that managers can use the accounting criterion opportunistically and manipulate specific discretionary accruals.

Keywords

• Contingency provisions
• Specific accruals
• Result management
• Pension funds entities