Banca de QUALIFICAÇÃO: Raíssa Aglé Moura de Sousa

QUALITY OF NON-GAAP NARRATIVE DISCLOSURE IN BRAZIL: DETERMINANTS, ASSOCIATION WITH RECURRING PROFIT AND REACTION OF MARKET

Non-GAAP Quality; Disclosure; Determinants; Recurring Result; Brazilian Companies.

This study aims to verify what are the determinants of the quality of non-GAAP disclosures, whether this influences the quality of the non-GAAP quantitative measure of recurring results, as well as identifying whether it is associated with greater value relevance attributed by the market to the recurring result. To this end, 3 studies will be carried out, which will use nonGAAP information available in management performance reports, voluntarily disclosed on the companies' institutional websites. The sample will be made up of non-financial entities that are part of B3's Ibovespa and the period covered will probably be the years 2010 to 2022. It is mandatory, for the first study, that the entity has disclosed some non-GAAP measure in at least period and, for the remaining studies, that specifically reported the recurrent outcome measure. In order to achieve the proposed objectives, econometric models adapted from the literature on non-GAAP and earnings quality measures will be tested.