Adoção Obrigatória De Ifrs, Governança Corporativa E Valor Da Firma

Sampaio, Joelson Oliveira; Gallucci, Humberto; Silva, Vinicius Augusto Brunassi; Schiozer, Rafael Felipe

doi:10.1590/s0034-759020200405

Cited by 5 publications

(2 citation statements)

References 46 publications

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“…Previous studies have examined firm value through corporate social responsibility disclosure (Amalia et al, 2021;Hu et al, 2021;Ihsani et al, 2021;Rahman et al, 2021), corporate governance disclosure (Gaol et al, 2021;Permatasari et al, 2021;Putri et al, 2020), related party disclosure (Dresti & Putri, 2021), intellectual capital (Gaol et al, 2021), cash holdings (Bahrun et al, 2020;Firmansyah et al, 2020b;Toly et al, 2019), debt policy (Bahrun et al, 2020;Bing & Li, 2019;Nasution, 2020), derivative instruments (Bachiller et al, 2021;Firmansyah & Purnama, 2020;Novianti & Firmansyah, 2020;Ullah et al, 2021), tax planning (Hasan et al, 2021;Irawan & Turwanto, 2020;Permatasari et al, 2021;Widodo & Firmansyah, 2021), IFRS adoption (Agyei-Boapeah et al, 2020;Sampaio et al, 2020), income smoothing (Novianti & Firmansyah, 2020), earnings management (Permatasari et al, 2021), dividend policy (Salman et al, 2020), managerial ownership (Firmansyah et al, 2021a), and board of directors (Mawei & Tulung, 2019;Sari & Ardiana, 2014;Sondokan et al, 2019;Utomo & Dianawati, 2017).…”

Section: Introductionmentioning

confidence: 99%

Investor response to the implementation of IFRS 9 in Indonesian banking companies

Firmansyah,

Kurniawati,

Miftah

et al. 2023

J. Akun. Audit. Ind.

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This study examines the effect of allowance for impairment losses on firm value. Allowance for impairment losses on the company's financial assets in the context of implementing IFRS 9 in the form of PSAK 71 in Indonesia on a forward-looking basis is different from the implementation of previous accounting standards, which was on a backward-looking basis. Quantitative methods are employed in this study using secondary data from banking financial reports sourced from www.idx.co.id during the 2019-2021 period. In addition, this study also employs stock price data sourced from www.finance.yahoo.co.id. The main data in this study is data for 2020, which is the first year of application of PSAK 71. While data for 2019 is used to compare the year before the application of PSAK 71, and 2021 is used to compare the application of PSAK 71 in the second year. Data testing was performed using multiple linear regression analysis for cross-section data. This study concludes that the allowance for impairment losses positively affects firm value in the first year. The results of this test are relevant in the second year of the implementation of PSAK 71. Meanwhile, it shows that the allowance for impairment losses has no effect on firm value in the year before the implementation of PSAK 71. This research contributes to the literature on implementing new financial accounting standards in Indonesia related to investor response in the capital market.

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Section: Introductionmentioning

confidence: 99%

Investor response to the implementation of IFRS 9 in Indonesian banking companies

Firmansyah,

Kurniawati,

Miftah

et al. 2023

J. Akun. Audit. Ind.

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“…A adoção aos padrões internacionais, foi destacada pela necessidade de reformulação e pela exigência de novas regras contábeis no Brasil (Antunes et al, 2012;Sampaio et al, 2020).…”

Section: Introductionunclassified

Influência da governança corporativa e da auditoria no desempenho de companhias abertas

Batistella

Krüger

Moura

2022

RACE

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A adoção de boas práticas de governança auxilia na assimetria informacional, enaltece a imagem da empresa no mercado, bem como a competitividade, auxiliando no crescimento e evolução do desempenho. Diante disso esse estudo objetiva analisar a influência das práticas de governança corporativa e da auditoria no desempenho das companhias abertas listadas na B3. Trata-se de pesquisa descritiva, com análise documental e abordagem quantitativa. A amostra da pesquisa compreendeu as companhias abertas listadas na B3, no período de 2011 a 2017. Para o tratamento dos dados utilizou-se de regressão linear. Constatou-se que o “Percentual de membros independentes no Conselho de Administração” influência de forma inversa no indicador ROA, ou seja, quanto maior o percentual, menor o ROA. O mesmo resultado também se repetiu com o indicador ROE. Quanto ao MTB e Q de Tobin, o nível diferenciado de governança e maiores percentuais de membros independentes influenciam os indicadores, ou seja, quanto mais práticas de governança implementadas nas organizações, melhor a percepção dos indicadores MTB e Q de Tobin. Os resultados confirmam que as boas práticas de Governança, incluindo a constituição de comitês de auditoria externa influenciam no desempenho das firmas. Dessa forma, o estudo se justifica, pois, além de oferecer informações relevantes aos gestores, reguladores, analistas e stakeholders permite o olhar sob a luz da Teoria da Agência, a qual sugere que diretores independentes no Conselho de Administração e nos Comitês de Auditoria fornecem monitoramento efetivo da administração, e que a governança corporativa é capaz de melhorar o desempenho das organizações.

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Dividend policy and firm value: evidence of financial firms from Borsa Istanbul under the IFRS adoption

Abdullah

Isiksal

Rasul

2023

JFRA

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Purpose This paper aims to examine the effect of dividend policy on firm value for financial sector in an emerging country. Furthermore, it examines the moderating effect of IFRS adoption and the abolishment of mandatory dividend payment policy with considering the Lintner model of dividend smoothing. Design/methodology/approach Data were collected from 111 firms listed on Borsa Istanbul in the financial sector in Turkey over 1995–2017. Using an explanatory research design, this study performs various multivariate regression techniques to investigate the proposed relationships. Findings The outcomes demonstrate a positive and significant association between dividend policy and firm value. In addition, the relationship has strengthened after IFRS adoption, indicating that accounting information such as dividend-based ratios prepared under IFRS is more value relevant. The empirical outcomes supported the Lintner model, which is persistent with the signalling hypothesis. Moreover, the findings state that the abolishment of mandatory dividend payment in 2009 strengthened the association between dividend policy and firm value for financial institutions in Turkey. Practical implications These results provide an insight to the investors and managers that the effect of IFRS adoption and other policy changes could be greater on the association between dividend policy and firm value. The study empirically tests Lintner model of dividend smoothing for financial firms in an emerging economy. Originality/value This study contributes to the literature through providing vital insights on the relationship between dividend policy and firm value and empirically revisiting the Lintner model for financial sector in a developing economy, specifically Turkey. Furthermore, it addresses the influence of IFRS implementation on the association between dividend policy and firm value. These findings are robust to alternative sampling methods and to controlling for other factors which influence firm value.

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Adoção Obrigatória De Ifrs, Governança Corporativa E Valor Da Firma

Cited by 5 publications

References 46 publications

Investor response to the implementation of IFRS 9 in Indonesian banking companies

Investor response to the implementation of IFRS 9 in Indonesian banking companies

Influência da governança corporativa e da auditoria no desempenho de companhias abertas

Dividend policy and firm value: evidence of financial firms from Borsa Istanbul under the IFRS adoption

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