Os Incentivos dos Diferentes Tipos de Dupla Listagem ao Conservadorismo Contábil

Abstract

The incentives of different types of dual listing to Accounting Conservatism ABSTRACTThere was an increase in the number of Brazilian companies, in the period [1998][1999][2000][2001][2002][2003][2004][2005][2006][2007], that have issued securities in other markets, especially in the USA. Because of that, this study aimed to examine that the option of Brazilian companies listed on the BM&FBOVESPA by dual listing in the US market has created incentives to increase the degree of conservatism of these companies. To accomplish this, three hypotheses were tested in the type of list: 1 -Adhere the dual listing encourages conservatism enterprises; 2 -Adhere the levels II and III encourages conservatism of the companies. 3 -Adhere the listing levels III and 144A encourages the degree of conservatism of the companies. To measure the degree of conservatism the models were used Basu (1997) and Ball and Shivakumar (2005), estimated