CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES
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Data de Publicação: | 2008 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/915 |
Resumo: | The practice of conservatism in reported earnings of Brazilian privately held corporations and public companies is analyzed. The accounting normative structure is differentiated for these groups in view of regulatory actions made by the CVM; this would imply diverse conservatism levels for both. However, the hypothesis adopted is that there is no differentiation between informational qualities (measured by conservatism) in the accounting reports for both types of firms. An institutional environment of low incentive and low level of protection to the investors in the stock market does not induce demand for reports with informational efficiency in the public corporations (BALL, 2001; WATTS, 2003). The research’s tests make use of regressions developed by Basu (1997) and Ball and Shivakumar (2005). Research outcomes support the hypothesis of reduced level of conservatism. The evidence was tested using concepts of asymmetrical timely anticipation of economic losses and conditional conservatism; the data base of SERASA supported this evidences (2,833 firms, covering the period from 1995 to 2004). |
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CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIESCONSERVADORISMO NOS RESULTADOS CONTÁBEIS PUBLICADOS NO BRASIL: COMPARAÇÃO ENTRE COMPANHIAS DE CAPITAL FECHADO E COMPANHIAS DE CAPITAL ABERTOConservadorismo CondicionalEficiência InformacionalResultados Contábeis PublicadosRegistro Assimétrico Tempestivo.The practice of conservatism in reported earnings of Brazilian privately held corporations and public companies is analyzed. The accounting normative structure is differentiated for these groups in view of regulatory actions made by the CVM; this would imply diverse conservatism levels for both. However, the hypothesis adopted is that there is no differentiation between informational qualities (measured by conservatism) in the accounting reports for both types of firms. An institutional environment of low incentive and low level of protection to the investors in the stock market does not induce demand for reports with informational efficiency in the public corporations (BALL, 2001; WATTS, 2003). The research’s tests make use of regressions developed by Basu (1997) and Ball and Shivakumar (2005). Research outcomes support the hypothesis of reduced level of conservatism. The evidence was tested using concepts of asymmetrical timely anticipation of economic losses and conditional conservatism; the data base of SERASA supported this evidences (2,833 firms, covering the period from 1995 to 2004).O artigo discute a prática do conservadorismo na apuração do lucro em companhias de capital fechado e de capital aberto brasileiras. Considera-se que a estrutura normativa contábil é diferenciada para os dois grupos, em virtude das ações regulatórias da CVM, e isso implicaria em níveis diversos de conservadorismo para os segmentos. A hipótese, adotada contudo, é de que não há diferenciação entre os dois tipos de firmas quanto à qualidade informacional – mensurada pelo conservadorismo – dos relatórios contábeis. O ambiente institucional de baixo incentivo para a eficiência informacional e de pouca proteção aos investidores no mercado de capitais não induz demanda por relatórios informacionalmente eficientes (BALL, 2001; WATTS, 2003). Foram utilizadas nos testes da pesquisa regressões desenvolvidas por Basu (1997) e Ball e Shivakumar (2005). Os resultados suportam a hipótese de reduzido diferencial no nível de conservadorismo adotado pelos grupos de empresas estudados. As evidências foram obtidas por meio dos conceitos de registro tempestivo assimétrico de perdas econômicas e de conservadorismo condicional, utilizando banco de dados da SERASA, que contém informações referentes a 2.833 firmas no período de 1995 a 2004.Universidade Regional de Blumenau2008-10-03info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/91510.4270/ruc.20084Revista Universo Contábil; v. 4 n. 2 (2008); 22-411809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/915/694Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessCoelho, Antonio Carlos DiasLima, Iran Siqueira2008-11-17T12:41:52Zoai:ojs.bu.furb.br:article/915Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2008-11-17T12:41:52Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES CONSERVADORISMO NOS RESULTADOS CONTÁBEIS PUBLICADOS NO BRASIL: COMPARAÇÃO ENTRE COMPANHIAS DE CAPITAL FECHADO E COMPANHIAS DE CAPITAL ABERTO |
title |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES |
spellingShingle |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES Coelho, Antonio Carlos Dias Conservadorismo Condicional Eficiência Informacional Resultados Contábeis Publicados Registro Assimétrico Tempestivo. |
title_short |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES |
title_full |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES |
title_fullStr |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES |
title_full_unstemmed |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES |
title_sort |
CONSERVATISM IN ACCOUNTING RESULTS PUBLISHED IN BRAZIL: A COMPARISON BETWEEN PRIVATELY AND PUBLICLY HELD COMPANIES |
author |
Coelho, Antonio Carlos Dias |
author_facet |
Coelho, Antonio Carlos Dias Lima, Iran Siqueira |
author_role |
author |
author2 |
Lima, Iran Siqueira |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Coelho, Antonio Carlos Dias Lima, Iran Siqueira |
dc.subject.por.fl_str_mv |
Conservadorismo Condicional Eficiência Informacional Resultados Contábeis Publicados Registro Assimétrico Tempestivo. |
topic |
Conservadorismo Condicional Eficiência Informacional Resultados Contábeis Publicados Registro Assimétrico Tempestivo. |
description |
The practice of conservatism in reported earnings of Brazilian privately held corporations and public companies is analyzed. The accounting normative structure is differentiated for these groups in view of regulatory actions made by the CVM; this would imply diverse conservatism levels for both. However, the hypothesis adopted is that there is no differentiation between informational qualities (measured by conservatism) in the accounting reports for both types of firms. An institutional environment of low incentive and low level of protection to the investors in the stock market does not induce demand for reports with informational efficiency in the public corporations (BALL, 2001; WATTS, 2003). The research’s tests make use of regressions developed by Basu (1997) and Ball and Shivakumar (2005). Research outcomes support the hypothesis of reduced level of conservatism. The evidence was tested using concepts of asymmetrical timely anticipation of economic losses and conditional conservatism; the data base of SERASA supported this evidences (2,833 firms, covering the period from 1995 to 2004). |
publishDate |
2008 |
dc.date.none.fl_str_mv |
2008-10-03 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/915 10.4270/ruc.20084 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/915 |
identifier_str_mv |
10.4270/ruc.20084 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/915/694 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 4 n. 2 (2008); 22-41 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
_version_ |
1798945114879426560 |