Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil

Detalhes bibliográficos
Autor(a) principal: Ribeiro, João Paulo Machado
Data de Publicação: 2020
Outros Autores: Caldas, Álvaro José Ribeiro, Mota, Ariane Firmeza, Paulo, Edilson
Tipo de documento: Artigo
Idioma: por
Título da fonte: RACE (Joaçaba. Online)
Texto Completo: https://periodicos.unoesc.edu.br/race/article/view/22114
Resumo: Our main objective is to investigate the essentiality of fair value from the perspective of the Investment Properties (IPs), verifying how and if the companies listed in the brazilian market evaluate these assets, as well as the relation with business aspects and the levels of fair value hierarchy. The financial statements and footnote of the companies listed in B3 that had IP between 2013 and 2017 were analyzed. It was observed a more conservative behavior in choosing the assessment method of their IPs, given the complexity to determine the fair value on the criteria as the historical cost. The results reported here show how main contribution that the fair value measurement is not essential for the companies analyzed, once the usefulness of this information is conferred if they are verifiable and understandable. In addition, it should be noted that fair value accounting is under intense scrutiny because of its role in financial crises, and its usefulness is a key issue for its treatment in the Brazilian context.
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spelling Essentiality of fair value in the evaluation of investment properties: Evidences in BrazilEssencialidade do valor justo na avaliação das propriedades para investimento: Evidências no Brasil Investment propertiesFair valueHistorical costFair value hierarchyEssentiality of fair valuePropriedades para investimentoValor justoCusto históricoHierarquia do valor justoEssencialidade do valor justoOur main objective is to investigate the essentiality of fair value from the perspective of the Investment Properties (IPs), verifying how and if the companies listed in the brazilian market evaluate these assets, as well as the relation with business aspects and the levels of fair value hierarchy. The financial statements and footnote of the companies listed in B3 that had IP between 2013 and 2017 were analyzed. It was observed a more conservative behavior in choosing the assessment method of their IPs, given the complexity to determine the fair value on the criteria as the historical cost. The results reported here show how main contribution that the fair value measurement is not essential for the companies analyzed, once the usefulness of this information is conferred if they are verifiable and understandable. In addition, it should be noted that fair value accounting is under intense scrutiny because of its role in financial crises, and its usefulness is a key issue for its treatment in the Brazilian context.O objetivo geral deste estudo foi investigar a essencialidade do valor justo na perspectiva das Propriedades para Investimento (PPIs), verificando como e se as empresas listadas no mercado brasileiro avaliam tais ativos, bem como a relação com aspectos empresariais e com os níveis de hierarquia do valor justo. Foram analisadas as demonstrações financeiras e notas explicativas das empresas listadas na B3 que possuíam PPIs, entre 2013 e 2017. Observou-se comportamento mais conservador na escolha do método de avaliação de suas PPIs, dada a complexidade para determinação do valor justo sobre os critérios como do custo histórico. Os resultados aqui reportados demonstram como principal contribuição que o critério de avaliação a valor justo não é essencial para as empresas analisadas, uma vez que a utilidade dessa informação é conferida se estas forem verificáveis e compreensíveis. Ademais, destaca-se que a contabilização do valor justo está sob profundo escrutínio por causa de seu papel em crises financeiras, sendo sua utilidade uma questão fundamental para seu tratamento no contexto brasileiro.Universidade do Oeste de Santa Catarina2020-08-12info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdftext/htmlhttps://periodicos.unoesc.edu.br/race/article/view/2211410.18593/race.22114RACE - Revista de Administração, Contabilidade e Economia; Vol. 19 No. 2 (2020): RACE maio/ago. 2020; 273-298RACE - Revista de Administração, Contabilidade e Economia; v. 19 n. 2 (2020): RACE maio/ago. 2020; 273-2982179-49361678-6483reponame:RACE (Joaçaba. Online)instname:Universidade do Oeste de Santa Catarina (UNOESC)instacron:UNOESCporhttps://periodicos.unoesc.edu.br/race/article/view/22114/14538https://periodicos.unoesc.edu.br/race/article/view/22114/14539Copyright (c) 2020 João Paulo Machado Ribeiro, Álvaro José Ribeiro Caldas, Ariane Firmeza Mota, Edilson Pauloinfo:eu-repo/semantics/openAccessRibeiro, João Paulo Machado Caldas, Álvaro José RibeiroMota, Ariane FirmezaPaulo, Edilson2020-10-16T21:43:30Zoai:ojs.periodicos.unoesc.edu.br:article/22114Revistahttps://portalperiodicos.unoesc.edu.br/racehttps://portalperiodicos.unoesc.edu.br/race/oairace@unoesc.edu.br||editora@unoesc.edu.br2179-49361678-6483opendoar:2020-10-16T21:43:30RACE (Joaçaba. Online) - Universidade do Oeste de Santa Catarina (UNOESC)false
dc.title.none.fl_str_mv Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
Essencialidade do valor justo na avaliação das propriedades para investimento: Evidências no Brasil
title Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
spellingShingle Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
Ribeiro, João Paulo Machado
Investment properties
Fair value
Historical cost
Fair value hierarchy
Essentiality of fair value
Propriedades para investimento
Valor justo
Custo histórico
Hierarquia do valor justo
Essencialidade do valor justo
title_short Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
title_full Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
title_fullStr Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
title_full_unstemmed Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
title_sort Essentiality of fair value in the evaluation of investment properties: Evidences in Brazil
author Ribeiro, João Paulo Machado
author_facet Ribeiro, João Paulo Machado
Caldas, Álvaro José Ribeiro
Mota, Ariane Firmeza
Paulo, Edilson
author_role author
author2 Caldas, Álvaro José Ribeiro
Mota, Ariane Firmeza
Paulo, Edilson
author2_role author
author
author
dc.contributor.author.fl_str_mv Ribeiro, João Paulo Machado
Caldas, Álvaro José Ribeiro
Mota, Ariane Firmeza
Paulo, Edilson
dc.subject.por.fl_str_mv Investment properties
Fair value
Historical cost
Fair value hierarchy
Essentiality of fair value
Propriedades para investimento
Valor justo
Custo histórico
Hierarquia do valor justo
Essencialidade do valor justo
topic Investment properties
Fair value
Historical cost
Fair value hierarchy
Essentiality of fair value
Propriedades para investimento
Valor justo
Custo histórico
Hierarquia do valor justo
Essencialidade do valor justo
description Our main objective is to investigate the essentiality of fair value from the perspective of the Investment Properties (IPs), verifying how and if the companies listed in the brazilian market evaluate these assets, as well as the relation with business aspects and the levels of fair value hierarchy. The financial statements and footnote of the companies listed in B3 that had IP between 2013 and 2017 were analyzed. It was observed a more conservative behavior in choosing the assessment method of their IPs, given the complexity to determine the fair value on the criteria as the historical cost. The results reported here show how main contribution that the fair value measurement is not essential for the companies analyzed, once the usefulness of this information is conferred if they are verifiable and understandable. In addition, it should be noted that fair value accounting is under intense scrutiny because of its role in financial crises, and its usefulness is a key issue for its treatment in the Brazilian context.
publishDate 2020
dc.date.none.fl_str_mv 2020-08-12
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://periodicos.unoesc.edu.br/race/article/view/22114
10.18593/race.22114
url https://periodicos.unoesc.edu.br/race/article/view/22114
identifier_str_mv 10.18593/race.22114
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://periodicos.unoesc.edu.br/race/article/view/22114/14538
https://periodicos.unoesc.edu.br/race/article/view/22114/14539
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
text/html
dc.publisher.none.fl_str_mv Universidade do Oeste de Santa Catarina
publisher.none.fl_str_mv Universidade do Oeste de Santa Catarina
dc.source.none.fl_str_mv RACE - Revista de Administração, Contabilidade e Economia; Vol. 19 No. 2 (2020): RACE maio/ago. 2020; 273-298
RACE - Revista de Administração, Contabilidade e Economia; v. 19 n. 2 (2020): RACE maio/ago. 2020; 273-298
2179-4936
1678-6483
reponame:RACE (Joaçaba. Online)
instname:Universidade do Oeste de Santa Catarina (UNOESC)
instacron:UNOESC
instname_str Universidade do Oeste de Santa Catarina (UNOESC)
instacron_str UNOESC
institution UNOESC
reponame_str RACE (Joaçaba. Online)
collection RACE (Joaçaba. Online)
repository.name.fl_str_mv RACE (Joaçaba. Online) - Universidade do Oeste de Santa Catarina (UNOESC)
repository.mail.fl_str_mv race@unoesc.edu.br||editora@unoesc.edu.br
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