Efeito da Lei 11.638/07 sobre o conservadorismo condicional das empresas listadas BM&amp;FBOVESPA

Santos, Luis Paulo Guimarães dos; Lima, Gerlando Augusto Sampaio Franco de; Freitas, Sheizi Calheira de; Lima, Iran Siqueira

doi:10.1590/s1519-70772011000200004

Cited by 26 publications

(51 citation statements)

References 14 publications

(5 reference statements)

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“…The results regarding conservatism corroborated the findings of Santos et al (2011) and Rodrigues (2012), although the finding that this attribute was absent in the pre-IFRS period differs from other studies. This field of study merits examination beyond the descriptive nature of the econometric models used, which is the typical approach of research studies.…”

Section: Final Considerationssupporting

confidence: 88%

“…In turn, Rodrigues (2012) found that the adoption of IFRS in Brazil did not increase conditional conservatism, partly corroborating Santos et al (2011), or affected the associative capacity of accounting profits (value relevance), thus contradicting the results of Lima (2010) and Costa (2012).…”

Section: Previous Studiesmentioning

confidence: 96%

“…Conversely, Santos, Lima, Freitas, and Lima (2011), when using the model by Basu (1997) and an adapted version of this model, found no evidence that adopting the IFRS affected the accounting conservatism of accounting profits of companies listed on the BM&FBovespa -Securities, Commodities, and Futures Exchange. Costa (2012) found evidence that a decrease in financial and tax compliance occurred in 2009 and 2010 and that after IFRS adoption, the response coefficients of accounting profits were significant, which suggests an increased timeliness of that measure according to the author.…”

Section: Previous Studiesmentioning

confidence: 97%

“…Some studies have accordingly been conducted under different viewpoints, although the results are still divergent (Costa, 2012;Lima, 2010;Macedo, Machado, Machado, & Mendonça, 2013;Oliveira & Lemes, 2011;Rodrigues, 2012;Santos, Lima, Freitas, & Lima, 2011). The present study falls within this context and aims to assess the effect of the adoption of IFRS on the information relevance of net profits in the Brazilian scenario, thus contributing toward a greater understanding of the subject.…”

Section: Introductionmentioning

confidence: 97%

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Effect of the Adoption of IFRS on the Information Relevance of Accounting Profits in Brazil

Santos

Cavalcante

2014

Rev. contab. finanç.

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This study aimed to assess the effect of adopting the International Financial Reporting Standards (IFRS) in Brazil on the information relevance of accounting profits of publicly traded companies. International studies have shown that the adoption of IFRS improves the quality of accounting information compared with domestic accounting standards. Concurrent evidence is sparse in Brazil. Information relevance is understood herein as a multidimensional attribute that is closely related to the quality and usefulness of the information conveyed by accounting profits. The associative capacity and information timeliness of accounting profits in relation to share prices were examined. Furthermore, the level of conditional conservatism present in accounting profits was also analyzed because according to Basu (1997), this aspect is related to timeliness. The study used pooled regressions and panel data models to analyze the quarterly accounting profits of 246 companies between the first quarter of 1999 and the first quarter of 2013, resulting in 9,558 quarter-company observations. The results indicated that the adoption of IFRS in Brazil (1) increased the associative capacity of accounting profits; (2) reduced information timeliness to non-significant levels; and (3) had no effect on conditional conservatism. The joint analysis of the empirical evidence from the present study conclusively precludes stating that the adoption of IFRS in Brazil contributed to an increase the information relevance of accounting profits of publicly traded companies.

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Section: Final Considerationssupporting

confidence: 88%

Section: Previous Studiesmentioning

confidence: 96%

Section: Previous Studiesmentioning

confidence: 97%

Section: Introductionmentioning

confidence: 97%

See 2 more Smart Citations

Effect of the Adoption of IFRS on the Information Relevance of Accounting Profits in Brazil

Santos

Cavalcante

2014

Rev. contab. finanç.

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“…The evidence gathered in this regard indicates that the associative capacity of accounting earnings should have improved (Lima, 2010Rodrigues, 2012. However, dimensions such as informational content, conservatism, timeliness and persistence should not have been impacted by the adoption of a new set of accounting standards (Lima, 2010, Rodrigues, 2012, Santos, Lima, Freitas, & Lima, 2011.…”

Section: Eps It+k P It-(1-k)mentioning

confidence: 99%

Prices lead earnings no Brasil?

Santos

Mól

Anjos

et al. 2013

Rev. contab. finanç.

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This article aims to identify the timing of the return-earnings relationship in Brazil, that is, the degree of time lag between the occurrences of the variables. This research was developed based on assumptions from the prices lead earnings hypothesis, the fundamental premise of which is that the stock price is informationally richer than the current and past accounting earnings in terms of future earnings, which invalidates the establishment of a contemporaneous relationship (timing zero) between these variables. This research was conducted by means of pooled regression using panel data (fixed effects and random effects). Four models were employed in total. A total of 205 firms were analyzed over 53 quarters (1999 to 2012), resulting in 8,440 firm-quarters. The results indicated that accounting earnings alone are not informationally contemporaneous to stock price. However, when the effects of future earnings on this relationship were eliminated, it was found that there are signs of timeliness. Furthermore, it was found that the returns anticipated information about future earnings. The identified associations suggest that this anticipation occurs over at least eight quarters. However, it was not possible to determine the timing of the quarterly return-earnings relationship in Brazil because, on the one hand, past returns are associated with current earnings and, on the other, the significance of future earnings in explaining current returns depends on the arrangement of the independent variables in the model. Nevertheless, it is clear that the results converge with a timing equal to 1, in which the return anticipates earnings in the following period, a result that was independent of the addition of the other variables in the model.

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Tendencias en los estudios brasileños sobre el cambio de normativa contable

Carrazana

Miranda

2020

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Este artículo tiene como objetivo describir las tendencias en la producción científica brasileña en relación con la nueva normativa contable en el escenario económico nacional. Se emplearon elementos del método bibliométrico, mediante un proceso de recolección de datos en la plataforma electrónica Scientific Periodicals Electronic Library –SPELL–. Fueron seleccionadas revistas clasificadas como A2, B1 y B2 en el sistema Qualis (plataforma para la evaluación de los programas de post-graduación brasileños según su producción científica), en el periodo 2008-2017. El análisis realizado muestra el eminente carácter mercadológico del pensamiento de la época, en estrecha relación con la teoría de los mercados eficientes. Los artículos publicados marcan tendencias hacia el conservadurismo contable, la divulgación voluntaria y el análisis del desempeño económico.

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Efeito da Lei 11.638/07 sobre o conservadorismo condicional das empresas listadas BM&FBOVESPA

Cited by 26 publications

References 14 publications

Effect of the Adoption of IFRS on the Information Relevance of Accounting Profits in Brazil

Effect of the Adoption of IFRS on the Information Relevance of Accounting Profits in Brazil

Prices lead earnings no Brasil?

Tendencias en los estudios brasileños sobre el cambio de normativa contable

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