| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 2.18 MB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
A crise financeira do subprime em 2007 e 2008 despertou problemas na mensuração dos
instrumentos financeiros, nomeadamente no reconhecimento das perdas de crédito, o que
contribuiu sobretudo para a descredibilização do sistema bancário, uma vez que os
instrumentos financeiros exercem um papel fundamental nestas instituições.
O International Accounting Standards Board, organismo máximo na emissão das normas
de contabilidade da União Europeia, publicou em julho de 2014 a International Financial
Reporting Standards 9 – Financial Instruments, que substituiu a anterior norma
International Accounting Standards 39 – Financial Instruments: Recognition and
Measurement, com o principal objetivo de preencher as lacunas identificadas no
normativo anterior que regulava os instrumentos financeiros, bem como de proporcionar
uma visão única na interpretação das demonstrações financeiras. Esta norma entrou em
vigor a 1 de janeiro de 2018 e exigiu essencialmente uma mudança do modelo de cálculo
das perdas por imparidade, anteriormente baseado no modelo das perdas de crédito
incorridas na IAS 39 e, atualmente segundo a IFRS 9, assente no modelo das perdas de
crédito esperadas.
A presente dissertação tem o principal objetivo de contribuir para a literatura, uma vez
que o tema ainda carece de estudos empíricos. Assim sendo, o objetivo concentra-se na
análise do impacto da adoção da IFRS 9 nas empresas cotadas do setor bancário entre os
períodos de 2015 a 2022, essencialmente no reconhecimento de perdas por imparidade,
comparando o impacto da adoção da norma nos países mais e menos endividados do
continente europeu.
A partir de uma amostra de dados de 72 instituições financeiras respeitantes de dez países
da União Europeia, os resultados obtidos confirmaram os objetivos de investigação e os
princípios teóricos, que indicavam que os níveis de imparidade registados nas
demonstrações financeiras após a implementação da IFRS 9 se revelavariam superiores
aos montantes reconhecidos durante a IAS 39.
The subprime financial crisis in 2007 and 2008 raised problems in the measurement of financial instruments, particularly in the recognition of credit losses, which mainly contributed to the discrediting of the banking system, since financial instruments play a fundamental role in these institutions. In July 2014, the International Accounting Standards Board, the European Union's highest body for issuing accounting standards, published International Financial Reporting Standards 9 - Financial Instruments, which replaced the previous standard International Accounting Standards 39 - Financial Instruments: Recognition and Measurement, with the main aim of filling the gaps identified in the previous standard that regulated financial instruments, as well as providing a single vision for interpreting financial statements. This standard came into effect on January 1st, 2018 and essentially required a change in the model for calculating impairment losses, which was previously based on the incurred credit loss model in IAS 39 and is now, according to IFRS 9, based on the expected credit loss model. The main objecti of this dissertation is to contribute to the literature, since the subject still lacks empirical studies. Therefore, the objective is to analyse the impact of adopting IFRS 9 on listed companies in the banking sector between 2015 and 2022, essentially in the recognition of impairment losses, comparing the impact of adopting the standard in the most and least indebted countries on the European continent. Based on a sample of data for 72 financial institutions from ten European Union countries, the results obtained confirmed the research hypotheses and theoretical principles, which indicated that the levels of impairment recorded in the financial statements after the implementation of IFRS 9 would be higher than the amounts recognised under IAS 39.
The subprime financial crisis in 2007 and 2008 raised problems in the measurement of financial instruments, particularly in the recognition of credit losses, which mainly contributed to the discrediting of the banking system, since financial instruments play a fundamental role in these institutions. In July 2014, the International Accounting Standards Board, the European Union's highest body for issuing accounting standards, published International Financial Reporting Standards 9 - Financial Instruments, which replaced the previous standard International Accounting Standards 39 - Financial Instruments: Recognition and Measurement, with the main aim of filling the gaps identified in the previous standard that regulated financial instruments, as well as providing a single vision for interpreting financial statements. This standard came into effect on January 1st, 2018 and essentially required a change in the model for calculating impairment losses, which was previously based on the incurred credit loss model in IAS 39 and is now, according to IFRS 9, based on the expected credit loss model. The main objecti of this dissertation is to contribute to the literature, since the subject still lacks empirical studies. Therefore, the objective is to analyse the impact of adopting IFRS 9 on listed companies in the banking sector between 2015 and 2022, essentially in the recognition of impairment losses, comparing the impact of adopting the standard in the most and least indebted countries on the European continent. Based on a sample of data for 72 financial institutions from ten European Union countries, the results obtained confirmed the research hypotheses and theoretical principles, which indicated that the levels of impairment recorded in the financial statements after the implementation of IFRS 9 would be higher than the amounts recognised under IAS 39.
Description
Keywords
IFRS 9 IAS 39 Instrumentos financeiros Perdas de crédito esperadas Financial instruments Expected credit losses