ANALYSIS OF CONDITIONAL CONSERVATISM LEVEL OF BRAZILIANS COMPANIES LISTED ON BM&amp;FBOVESPA AFTER IFRS ADOPTION

Filipin, Roselaine; Teixeira, Silvio Aparecido; Bezerra, Francisco Antonio; Cunha, Paulo Roberto da

doi:10.5380/rcc.v4i2.28041

Cited by 6 publications

(5 citation statements)

References 4 publications

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“…Filipin et al (2012) find evidence of increased accounting conservatism in Brazil after IFRS implementation. Jara-Bertin and Arias (2013) also find increased conservatism after IFRS adoption, this time for Chilean firms.…”

Section: Introductionmentioning

confidence: 76%

IFRS adoption and accounting conservatism in Latin America

Lopez

Jara

Cabello

2020

ARLA

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Purpose The purpose of this paper is to analyze the impact of IFRS mandatory adoption on accounting conservatism and to shed light on the drivers of such impact. Design/methodology/approach Using a sample of listed firms for five Latin American countries, the authors analyze the relation between mandatory adoption of International Financial Reporting Standards and the conditional accounting conservatism of earnings. Findings The authors find evidence that IFRS adoption boosts earnings conservatism. This result is robust and heterogeneous. The results also show that the effect of IFRS differs across firms and countries. Specifically, the impact of IFRS adoption is higher for low-earnings-quality firms and for firms with high levels of investment opportunities. Practical implications The results suggest that IFRS adoption in Latin America has enhanced comparability of financial information both across and within countries. Originality/value This paper contributes to the literature by providing new evidence on the drivers of the impacts of IFRS adoption in emerging markets.

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Section: Introductionmentioning

confidence: 76%

IFRS adoption and accounting conservatism in Latin America

Lopez

Jara

Cabello

2020

ARLA

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“…Ever since, many researchers have been making efforts to contribute with the market, with new ndings with regards to the conguration of accounting, especially in the national environment (Filipin et al, 2012;Acuña et al, 2013;De Farias et al, 2014;Da Costa & Freitas, 2015). Internationally, there are still few documents about the development of Brazilian accounting (Rodrigues et al, 2012), and the market has been using accounting information from this new setting (Black, Carvalho, & Sampaio, 2014;Sampaio et al, 2014).…”

Section: Methodsmentioning

confidence: 99%

Value Relevance of net income, other comprehensive income, and comprehensive income in Brazil

Bortoli¹,

Juaniha²,

Scarpin³

et al. 2020

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This paper uses the Ohlson Model to analyze whether Net Income (NI), Other Comprehensive Income (OCI), and Comprehensive Income (CI) are value relevant for market value and the return of shares of publicy-traded Brazilian companies. To maximize the robustness of the results, we inserted the following control variables for each model: equity per Share (EqPS), Size (S), Industry (I), EBITDA per Share (EbPS), Revenue per Share (RePS), Liquidity (L), and Gross Domestic Product Growth (GDPG). The control variables S, RePS, and GDPG were significant for the three models related to the value of the company. The control variables EqPS, EbPS, RePS, and L, on the other hand, were only significant for the three models related to stock returns. Our main variables (NI, OCI, and CI) were found to be statistically significant in five of the six regression models after data analysis in a fixed effect panel using robust standard errors. However, only the variables NI and CI were considered to be relevant in the expected direction, meaning that they offered a positive contribution in explaining the value of the company.

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“…According to Filipin et al (2012), it can be confirmed that the financial statements prepared according to IFRS are more conservative than those prepared in accordance with the Brazilian GAAP on the basis that IFRS income incorporates economic return significantly more than the Brazilian GAAP. Additionally, according to Pelucio Grecco et al (2010), changes in Brazilian Accounting Norms reflected in the financial statements of 2008 reveal a reduction of approximately 5% in net income, after the implementation of IFRS in Brazil.…”

Section: Changes In Brazilian Accounting Normsmentioning

confidence: 98%

An analysis of profit and loss in Brazil before and after the full adoption of the International Financial Reporting Standards

Gallego‐Álvarez

Grecco

Formigoni

et al. 2014

IJAAPE

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This study aims to determine whether the main items of the profit and loss (P&L) accounts of listed Brazilian companies have been modified, according to sector, after Brazil's adoption of the International Financial Reporting Standards (IFRS). The sample is composed of 118 companies classified by the Securities and Exchange Commission of Brazil (SECB) as corporate governance for the year before (2007) and the year after (2010) the implementation of IFRS. The analysis is based on the interpretation of biplots developed by Gower and Hand. The study concludes that a change did occur in the P&L accounts in the periods studied, which is substantiated by an analysis of the evolution of the national added value and explained by the application of new IFRS. This suggests that, unless there has been a significant alteration of performance in all sectors of the economy, the confrontation between P&L in Brazil has undergone significant changes in the different sectors of the economy after the full adoption of IFRS.

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ANALYSIS OF CONDITIONAL CONSERVATISM LEVEL OF BRAZILIANS COMPANIES LISTED ON BM&FBOVESPA AFTER IFRS ADOPTION

Cited by 6 publications

References 4 publications

IFRS adoption and accounting conservatism in Latin America

IFRS adoption and accounting conservatism in Latin America

Value Relevance of net income, other comprehensive income, and comprehensive income in Brazil

An analysis of profit and loss in Brazil before and after the full adoption of the International Financial Reporting Standards

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