Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional da UFRGS |
Texto Completo: | http://hdl.handle.net/10183/213646 |
Resumo: | This research aimed to identify the influence of accounting conservatism on the level of investments by traded companies due to the Brazilian economic crisis of 2014-2017. The research was based on an empirical analysis through the collection of information on non-financial public firms, listed in Brazil, Bolsa, Balcão (B3 ), during the period of 2010 to 2018. Basu model was adjusted to measure the effect of the Brazilian economic crisis on the conditional conservatism of firms. Then, using that model, the influence of the companies’ accounting conservatism level on investments in Property, Plant, and Equipment (PP&E) was verified. The results indicate that in periods of local economic crisis, companies anticipate future losses by increasing the level of conservatism. This behavior, however, was not able to mitigate the effects of the crisis that negatively influenced the level of investments in PP&E made by Brazilian companies. In addition, it has been observed that more conservative companies significantly reduce their investments in crisis times. These findings become relevant to investors as they may consider more conservative behavior in firms’ future investments. It is also worth mentioning that the results of the research can help government policies in the sense that public managers seek actions that enable companies to invest, minimizing the negative effects of the crisis and allowing faster economic growth. |
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Duarte, Jailson Manoel SilvaLima, Lauro Vinício de AlmeidaPaulo, EdilsonMota, Renato Henrique Gurgel2020-09-23T04:02:25Z20191808-3781http://hdl.handle.net/10183/213646001116712This research aimed to identify the influence of accounting conservatism on the level of investments by traded companies due to the Brazilian economic crisis of 2014-2017. The research was based on an empirical analysis through the collection of information on non-financial public firms, listed in Brazil, Bolsa, Balcão (B3 ), during the period of 2010 to 2018. Basu model was adjusted to measure the effect of the Brazilian economic crisis on the conditional conservatism of firms. Then, using that model, the influence of the companies’ accounting conservatism level on investments in Property, Plant, and Equipment (PP&E) was verified. The results indicate that in periods of local economic crisis, companies anticipate future losses by increasing the level of conservatism. This behavior, however, was not able to mitigate the effects of the crisis that negatively influenced the level of investments in PP&E made by Brazilian companies. In addition, it has been observed that more conservative companies significantly reduce their investments in crisis times. These findings become relevant to investors as they may consider more conservative behavior in firms’ future investments. It is also worth mentioning that the results of the research can help government policies in the sense that public managers seek actions that enable companies to invest, minimizing the negative effects of the crisis and allowing faster economic growth.application/pdfengRevista catarinense da ciência contábil, Florianópolis. Vol. 18 (2019), p. 1-13, e2774Crise econômica : BrasilInvestimentoContabilidadeBrazilian Economic CrisisAccounting conservatismInvestmentsEffects of conditional conservatism due to economic crisis on the investiment of brazilian public firmsinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/otherinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/openAccessreponame:Repositório Institucional da UFRGSinstname:Universidade Federal do Rio Grande do Sul (UFRGS)instacron:UFRGSTEXT001116712.pdf.txt001116712.pdf.txtExtracted Texttext/plain46740http://www.lume.ufrgs.br/bitstream/10183/213646/2/001116712.pdf.txtb5a01bd0da07c711b8d6d11333fdd3a8MD52ORIGINAL001116712.pdfTexto completo (inglês)application/pdf1065781http://www.lume.ufrgs.br/bitstream/10183/213646/1/001116712.pdf89ebf360fb6fb748f7c187e7c6582476MD5110183/2136462021-03-09 04:43:49.191531oai:www.lume.ufrgs.br:10183/213646Repositório de PublicaçõesPUBhttps://lume.ufrgs.br/oai/requestopendoar:2021-03-09T07:43:49Repositório Institucional da UFRGS - Universidade Federal do Rio Grande do Sul (UFRGS)false |
dc.title.pt_BR.fl_str_mv |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
title |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
spellingShingle |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms Duarte, Jailson Manoel Silva Crise econômica : Brasil Investimento Contabilidade Brazilian Economic Crisis Accounting conservatism Investments |
title_short |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
title_full |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
title_fullStr |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
title_full_unstemmed |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
title_sort |
Effects of conditional conservatism due to economic crisis on the investiment of brazilian public firms |
author |
Duarte, Jailson Manoel Silva |
author_facet |
Duarte, Jailson Manoel Silva Lima, Lauro Vinício de Almeida Paulo, Edilson Mota, Renato Henrique Gurgel |
author_role |
author |
author2 |
Lima, Lauro Vinício de Almeida Paulo, Edilson Mota, Renato Henrique Gurgel |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Duarte, Jailson Manoel Silva Lima, Lauro Vinício de Almeida Paulo, Edilson Mota, Renato Henrique Gurgel |
dc.subject.por.fl_str_mv |
Crise econômica : Brasil Investimento Contabilidade |
topic |
Crise econômica : Brasil Investimento Contabilidade Brazilian Economic Crisis Accounting conservatism Investments |
dc.subject.eng.fl_str_mv |
Brazilian Economic Crisis Accounting conservatism Investments |
description |
This research aimed to identify the influence of accounting conservatism on the level of investments by traded companies due to the Brazilian economic crisis of 2014-2017. The research was based on an empirical analysis through the collection of information on non-financial public firms, listed in Brazil, Bolsa, Balcão (B3 ), during the period of 2010 to 2018. Basu model was adjusted to measure the effect of the Brazilian economic crisis on the conditional conservatism of firms. Then, using that model, the influence of the companies’ accounting conservatism level on investments in Property, Plant, and Equipment (PP&E) was verified. The results indicate that in periods of local economic crisis, companies anticipate future losses by increasing the level of conservatism. This behavior, however, was not able to mitigate the effects of the crisis that negatively influenced the level of investments in PP&E made by Brazilian companies. In addition, it has been observed that more conservative companies significantly reduce their investments in crisis times. These findings become relevant to investors as they may consider more conservative behavior in firms’ future investments. It is also worth mentioning that the results of the research can help government policies in the sense that public managers seek actions that enable companies to invest, minimizing the negative effects of the crisis and allowing faster economic growth. |
publishDate |
2019 |
dc.date.issued.fl_str_mv |
2019 |
dc.date.accessioned.fl_str_mv |
2020-09-23T04:02:25Z |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/other |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10183/213646 |
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1808-3781 |
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001116712 |
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http://hdl.handle.net/10183/213646 |
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eng |
language |
eng |
dc.relation.ispartof.pt_BR.fl_str_mv |
Revista catarinense da ciência contábil, Florianópolis. Vol. 18 (2019), p. 1-13, e2774 |
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info:eu-repo/semantics/openAccess |
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openAccess |
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