CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:

Detalhes bibliográficos
Autor(a) principal: Brito, Giovani Antonio Silva
Data de Publicação: 2012
Outros Autores: Lopes, Alexsandro Broedel, Coelho, Antonio Carlos Dias
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Universo Contábil
Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2865
Resumo: We study conditional conservatism in earnings reported by Brazilian financial institutions. We expected that conditional conservatism is differentiated concerning state-owned and private banks. Basu (1997) earnings transitory components reversion model and Ball and Shivakumar (2005) accruals-based model were applied to test the conditional conservatism hypothesis of Brazilian banks reported earnings. We also tested evidences that Brazilian state-owned banks reported earnings are more conservative than Brazilian private banks reported earnings. Data embedded 260 banks from 1997 to 2010. Regression coefficients were obtained from estimators based on GMM System to deal with endogeneity regressores problem. Although Brazilian economic and institutional environment does not stimulate accounting informational quality, findings evidences rejected the first research hypothesis. Furthermore state-owned banks managers asymmetrically anticipate expected losses recognition, reporting more conservative earnings, aiming probably to reduce litigation risk exposure with government agencies. So, these evidences did not reject the second research hypothesis.
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spelling CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:CONSERVADURISMO EN LOS RESULTADOS DE LOS BANCOS EN EL BRASIL: LA INFLUENCIA DEL CONTROL DEL ESTADOCONSERVADORISMO NOS LUCROS CONTÁBEIS DOS BANCOS NO BRASIL: A INFLUÊNCIA DO CONTROLE ESTATALAccountingConditional ConservatismBanksLegal Exposure.ContabilidadConservadurismo CondicionalBancosExposición Legal.ContabilidadeConservadorismo condicionalBancosExposição legal. We study conditional conservatism in earnings reported by Brazilian financial institutions. We expected that conditional conservatism is differentiated concerning state-owned and private banks. Basu (1997) earnings transitory components reversion model and Ball and Shivakumar (2005) accruals-based model were applied to test the conditional conservatism hypothesis of Brazilian banks reported earnings. We also tested evidences that Brazilian state-owned banks reported earnings are more conservative than Brazilian private banks reported earnings. Data embedded 260 banks from 1997 to 2010. Regression coefficients were obtained from estimators based on GMM System to deal with endogeneity regressores problem. Although Brazilian economic and institutional environment does not stimulate accounting informational quality, findings evidences rejected the first research hypothesis. Furthermore state-owned banks managers asymmetrically anticipate expected losses recognition, reporting more conservative earnings, aiming probably to reduce litigation risk exposure with government agencies. So, these evidences did not reject the second research hypothesis. El artículo analiza la presencia del conservadurismo condicional en los beneficios reportados por las instituciones financieras en Brasil, y examina si esta característica se diferencia entre los bancos estatales y bancos privados. El modelo de regresión de componentes transitorios de resultados propuesta por Basu (1997) y el modelo basado en accruals, desarrollado por Ball y Shivakumar (2005, 2006), se han aplicado para detectar la presencia del conservadurismo condicional en los beneficios reportados por los bancos brasileños. También, se ha probado si los beneficios reportados por los bancos estatales son más conservadores que los reportados por los bancos privados. Los datos contienen 260 bancos que cubren el período de 1997 a 2010. Los coeficientes del modelo se estimaron por el Sistema de GMM, para el tratamiento de la endogeneidade de los regressores. A pesar del entorno económico e institucional no favorecer la calidad informativa de los estados financieros del reporte contable brasileño, no se ha confirmado la hipótesis primera de investigación. Además, los directores de bancos estatales anticipan el reconocimiento de las pérdidas no realizadas, informando estados financieros más conservadores, probablemente para reducir la exposición al riesgo de litigios con los organismos de control del Gobierno; por lo tanto, los resultados no apoyan el rechazo de la segunda hipótesis. O artigo investiga a presença de conservadorismo condicional nos lucros reportados pelas instituições financeiras no Brasil, e examina se essa característica é diferenciada entre bancos estatais e bancos privados. O modelo de reversão de componentes transitórios do lucro proposto por Basu (1997) e o modelo de acumulações contábeis, desenvolvido por Ball e Shivakumar (2005, 2006), foram aplicados para testar a presença de conservadorismo condicional nos lucros reportados pelos bancos brasileiros. Também, se testou se os lucros reportados pelos bancos estatais são mais conservadores do que os reportados pelos bancos privados. Os dados comportam 260 bancos abrangendo o período de 1997 a 2010. Os coeficientes dos modelos foram estimados pelo método GMM Sistêmico, para tratamento da endogeneidade dos regressores. Apesar de o ambiente econômico e institucional brasileiro não incentivar a qualidade informacional das demonstrações contábeis, não se confirmou a primeira hipótese de pesquisa. Ademais, os gestores dos bancos estatais antecipam o reconhecimento de perdas não realizadas, reportando demonstrações contábeis mais conservadoras, provavelmente para reduzir a exposição ao risco de litígio com órgãos de controle do Governo; os achados, portanto não suportam a rejeição da segunda hipótese. Universidade Regional de Blumenau2012-12-31info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/286510.4270/ruc.20128Revista Universo Contábil; v. 8 n. 4 (2012); 19-391809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2865/2140Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessBrito, Giovani Antonio SilvaLopes, Alexsandro BroedelCoelho, Antonio Carlos Dias2015-08-26T16:38:07Zoai:ojs.bu.furb.br:article/2865Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2015-08-26T16:38:07Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false
dc.title.none.fl_str_mv CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
CONSERVADURISMO EN LOS RESULTADOS DE LOS BANCOS EN EL BRASIL: LA INFLUENCIA DEL CONTROL DEL ESTADO
CONSERVADORISMO NOS LUCROS CONTÁBEIS DOS BANCOS NO BRASIL: A INFLUÊNCIA DO CONTROLE ESTATAL
title CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
spellingShingle CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
Brito, Giovani Antonio Silva
Accounting
Conditional Conservatism
Banks
Legal Exposure.
Contabilidad
Conservadurismo Condicional
Bancos
Exposición Legal.
Contabilidade
Conservadorismo condicional
Bancos
Exposição legal.
title_short CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
title_full CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
title_fullStr CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
title_full_unstemmed CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
title_sort CONSERVATISM IN ACCOUNTING EARNINGS IN BRAZILIAN BANKS:
author Brito, Giovani Antonio Silva
author_facet Brito, Giovani Antonio Silva
Lopes, Alexsandro Broedel
Coelho, Antonio Carlos Dias
author_role author
author2 Lopes, Alexsandro Broedel
Coelho, Antonio Carlos Dias
author2_role author
author
dc.contributor.author.fl_str_mv Brito, Giovani Antonio Silva
Lopes, Alexsandro Broedel
Coelho, Antonio Carlos Dias
dc.subject.por.fl_str_mv Accounting
Conditional Conservatism
Banks
Legal Exposure.
Contabilidad
Conservadurismo Condicional
Bancos
Exposición Legal.
Contabilidade
Conservadorismo condicional
Bancos
Exposição legal.
topic Accounting
Conditional Conservatism
Banks
Legal Exposure.
Contabilidad
Conservadurismo Condicional
Bancos
Exposición Legal.
Contabilidade
Conservadorismo condicional
Bancos
Exposição legal.
description We study conditional conservatism in earnings reported by Brazilian financial institutions. We expected that conditional conservatism is differentiated concerning state-owned and private banks. Basu (1997) earnings transitory components reversion model and Ball and Shivakumar (2005) accruals-based model were applied to test the conditional conservatism hypothesis of Brazilian banks reported earnings. We also tested evidences that Brazilian state-owned banks reported earnings are more conservative than Brazilian private banks reported earnings. Data embedded 260 banks from 1997 to 2010. Regression coefficients were obtained from estimators based on GMM System to deal with endogeneity regressores problem. Although Brazilian economic and institutional environment does not stimulate accounting informational quality, findings evidences rejected the first research hypothesis. Furthermore state-owned banks managers asymmetrically anticipate expected losses recognition, reporting more conservative earnings, aiming probably to reduce litigation risk exposure with government agencies. So, these evidences did not reject the second research hypothesis.
publishDate 2012
dc.date.none.fl_str_mv 2012-12-31
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/2865
10.4270/ruc.20128
url https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2865
identifier_str_mv 10.4270/ruc.20128
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/2865/2140
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. 8 n. 4 (2012); 19-39
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_ 1798945116260401152

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