Determinants of impairment test loss recognition

• Autor(a) principal: Castro Pinheiro Alves, Karla Roberta
• Data de Publicação: 2020
• Outros Autores: Tibúrcio Silva, César Augusto
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Ambiente Contábil
• Texto Completo: https://periodicos.ufrn.br/ambiente/article/view/19759
• topic: Impairment Test, loss recognition determinants, discretion.; Impairment Test, loss recognition determinants, discretion.; Impairment Test, determinantes del reconocimiento de la pérdida, discrecionalidad; Impairment Test, determinantes do reconhecimento da perda, discricionariedade; Impairment test

Purpose: verify which determinants influence the recognition of the Impairment Test (IT) loss recognition in Brazilian companies listed in B3. Methodology: The research was performed with 169 non-financial companies listed in B3, which may or may not have presented information of IT loss, in the analysis period from 2009 up to 2017. To test the hypotheses of this research, the logit model was applied. In order to avoid the outliers problem, which may affect the estimated coefficients, all variables were winsorized in 1% in each side of their distribution. The results, however, with and without winsorization were mantained in order to attest to the consistency of the findings. The standard errors were clusterized, so as to avoid autocorrelation problems in the model’s residual data. Results: It was noticed that the Return on Equity, the Book-to-Market index, Management Change, Big Bath and Property Control were considered influential determinants on IT loss recognition in the companies listed in B3. Contributions of the Study: The study brings forth practical justifications for IT appliability, offering importante accounting information for managers, investors, accounting professional, policy and rule makers. From a theoretical point of view it contibutes to the literature on determinant factors for IT loss of actives.