Implicações das fraudes contábeis no Mercado de Capitais e na governança corporativa do Brasil: um estudo de caso das Lojas Americanas

Abstract

The research addresses the impact of accounting fraud on Brazilian companies, using the case of Lojas Americanas, to illustrate the seriousness of these practices in the capital market and corporate governance in Brazil. The study analyzes the economic and regulatory scenario of fraud, addressing the vulnerability of companies and investor confidence. It examines fraudulent mechanisms, such as balance sheet manipulation and debt hiding, and their impact on the capital market, resulting in a crisis of confidence. Evaluates the drop in share value and the responses from the Securities and Exchange Commission (CVM) to restore confidence. The general objective is to understand how accounting fraud at the company Lojas Americanas affected the Brazilian capital market, in addition to highlighting the consequences that reflect on corporate governance practices in the country. To achieve this objective, the research uses a qualitative approach, based on a bibliographic analysis, that allows access to a large collection of information already studied and validated by other authors, providing a solid basis for the development of new work. The research concludes with recommendations to improve transparency, corporate responsibility and the importance of stricter supervision by regulatory authorities in order to guarantee the integrity of the Brazilian capital market.