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Internacional evidence on non-GAAP earnings: a cross-country investigation

Andrade, Gabriela Vasconcelos De

Biblioteca Digital de Teses e Dissertações da USP; Universidade de São Paulo; Faculdade de Economia, Administração e Contabilidade 2023-10-23

Acesso online. A biblioteca também possui exemplares impressos.

  • Título:
    Internacional evidence on non-GAAP earnings: a cross-country investigation
  • Autor: Andrade, Gabriela Vasconcelos De
  • Orientador: Girão, Luiz Felipe de Araújo Pontes; Murcia, Fernando Dal-Ri
  • Assuntos: Ebitda; Ebitda Ajustado; Lucro Não-Gaap; Medida Não-Gaap; Adjusted Ebitda; Ebitda; Non-Gaap Earnings; Non-Gaap Measure
  • Notas: Tese (Doutorado)
  • Descrição: Non-GAAP earnings (NGE) reporting is a relatively new financial reporting practice that is challenging accounting earnings status quo. Whether they are an overall informative practice is still a gray sky. As to enlighten the debate and help explain the motives behind the sudden increase in non-GAAP earnings measures, I focus on international data. I examine (i) whether institutional factors shape non-GAAP earnings reporting choice in a cross-country setting and (ii) whether NGE disclosures behavior is conditional on the reporting channel in a cross-listing setting. I also provide an up-to-date study on nearly 40 years of research in the field based on bibliometric and content analysis approach. Results from the cross-country sample suggest that international firms under the same reporting incentives as those placed on U.S. firms are more likely to report NGE. Results from the U.S. cross-listed sample suggest that home-countries institutional factors do not significantly influence firms reporting incentives to disclose non-GAAP earnings in a different way in their local annual reports, when compared to Form 20-F disclosures. Other results show that (i) cross-listed firms adopting U.S. GAAP are more highly associated with high adjustments values and (ii) that they provide frequent adjustments that are commonly described in the past literature: impairment, net equity investment, stock option and share-based compensation expenses. I contribute to the non-GAAP literature with a novel cross-country approach, showing that settings with stronger institutional factors shape firms reporting incentives to report non-GAAP performance metrics as they face more pressure to not engage in GAAP earnings management.
  • DOI: 10.11606/T.12.2023.tde-14122023-161358
  • Editor: Biblioteca Digital de Teses e Dissertações da USP; Universidade de São Paulo; Faculdade de Economia, Administração e Contabilidade
  • Data de criação/publicação: 2023-10-23
  • Formato: Adobe PDF
  • Idioma: Inglês
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  • Realização: ABCD-USP USP   Logos de Redes Sociais: Freepik

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