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Gestão de resultados : supervisão do Banco Central Europeu vs supervisão das autoridades nacionais
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A crise do Subprime em 2008 afetou a economia mundial de forma inesperada, provocando o colapso de inúmeras instituições financeiras por todo o mundo. A qualidade dos resultados das entidades, as normas que as regiam e o escrutínio da sua actividade por parte das entidades competentes foi posto em causa e fortemente questionado. A economia europeia foi afectada de uma forma sem precedentes, principalmente as economias mais vulneráveis. O sector financeiro perdeu a sua credibilidade, tendo sido necessário para a Zona Euro implementar medidas para conquistar a confiança no sector, nascendo assim o Mecanismo Único de Supervisão. O mecanismo dividiu as entidades em 2 grupos, as Significant, entidades supervisionadas directamente pelo Banco Central Europeu e as Less-Significant, entidades supervisionadas pelas autoridades nacionais. Este estudo analisa a aplicação de práticas de Gestão de Resultados no sector Bancário. No estudo são analisadas entidades dos 19 países que constituem a Zona Euro, durante o período de 2015-2019. Os resultados sugerem que, para o período em análise, o facto de uma entidade ser directamente supervisionada pelo Banco Central Europeu ou ser supervisionada pelas autoridades nacionais não afeta o valor de Loan Loss Provisions a reconhecer, podendo indicar que os gestores não têm receio da supervisão do Banco Central Europeu ou que os modelos de reconhecimento de Loan Loss Provisions das entidades refletem os seus montantes de forma verdadeira. Também se verificou que o facto de a instituição apresentar um resultado antes de imposto e Loan Loss Provisionssuperior não se traduz num aumento da provisão a reconhecer, indicando que não há evidência de práticas de gestão de resultados por parte da entidades desde a aplicação do Mecanismo Único de Supervisão.
The Subprime crisis in 2008 affected the world economy in an unexpected way, causing the collapse of numerous financial institutions around the world. The quality of the entities' results, the rules that governed them and the scrutiny of their activity by the competent entities was questioned and strongly questioned. The European economy has been affected in an unprecedented way, especially the most vulnerable economies. The financial sector lost its credibility, and it was necessary for the Eurozone to implement measures to gain confidence in the sector, thus creating the Single Supervisory Mechanism. The mechanism divided the entities into 2 groups, the Significant, entities directly supervised by the European Central Bank and the Less-Significant, entities supervised by the national authorities. This study analyzes the application of Earnings Management practices in the Banking sector. The study analyzes entities from the 19 countries that make up the Eurozone, during the period 2015-2019. The results suggest that, for the period under review, the fact that an entity is directly supervised by the European Central Bank or is supervised by national authorities does not affect the amount of Loan Loss Provisions to be recognized, which may indicate that managers are not afraid of supervision European Central Bank or that the entities' Loan Loss Provisions recognition models reflect their amounts in a true way. It was also found that the fact that the institution presents a pre-tax result and higher Loan Loss Provisions does not translate into an increase in the provision to be recognized, indicating that there is no evidence of earnings management practices by the entities since the application of the Single Supervisory Mechanism.
The Subprime crisis in 2008 affected the world economy in an unexpected way, causing the collapse of numerous financial institutions around the world. The quality of the entities' results, the rules that governed them and the scrutiny of their activity by the competent entities was questioned and strongly questioned. The European economy has been affected in an unprecedented way, especially the most vulnerable economies. The financial sector lost its credibility, and it was necessary for the Eurozone to implement measures to gain confidence in the sector, thus creating the Single Supervisory Mechanism. The mechanism divided the entities into 2 groups, the Significant, entities directly supervised by the European Central Bank and the Less-Significant, entities supervised by the national authorities. This study analyzes the application of Earnings Management practices in the Banking sector. The study analyzes entities from the 19 countries that make up the Eurozone, during the period 2015-2019. The results suggest that, for the period under review, the fact that an entity is directly supervised by the European Central Bank or is supervised by national authorities does not affect the amount of Loan Loss Provisions to be recognized, which may indicate that managers are not afraid of supervision European Central Bank or that the entities' Loan Loss Provisions recognition models reflect their amounts in a true way. It was also found that the fact that the institution presents a pre-tax result and higher Loan Loss Provisions does not translate into an increase in the provision to be recognized, indicating that there is no evidence of earnings management practices by the entities since the application of the Single Supervisory Mechanism.
Descrição
Mestrado em Contabilidade, Fiscalidade e Finanças Empresariais
Palavras-chave
Loan Loss Provisions Gestão de Resultados Sector Bancário Mecanismo Único de Supervisão Earnings management banking industry Single Supervisory Mechanism
Contexto Educativo
Citação
Alves, Rodrigo Rei (2020). "Gestão de resultados : supervisão do Banco Central Europeu vs supervisão das autoridades nacionais". Dissertação de Mestrado. Universidade de Lisboa. Instituto Superior de Economia e Gestão.
Editora
Instituto Superior de Economia e Gestão