| Name: | Description: | Size: | Format: | |
|---|---|---|---|---|
| 883.27 KB | Adobe PDF |
Authors
Advisor(s)
Abstract(s)
O conservadorismo contábil é uma medida da qualidade dos resultados reportados e uma prática profissional que vem sendo instituída ao longo da história da contabilidade, presente até mesmo em provérbios como ‘antecipe todas as perdas, mas não antecipe nenhum lucro’. A partir da reformulação da Estrutura Conceitual, o princípio da prudência, que possui forte vinculação com o conservadorimso, foi extinto. Apesar disso, há indícios de que ele persiste nas normas e na prática, fato apoiado pelos pesquisadores que consideram que sua aplicação gera benefícios para as partes envolvidas. O objetivo desse trabalho foi de verificar as diferenças no nível de conservadorismo condicional empregado pelas empresas brasileiras de capital aberto frente as oscilações econômicas, medidas por queda do volume do PIB anual e transição normativa para o padrão contábil internacional. Foram investigadas duzentas e cinquenta e oito, 258, empresas que apresentam ações negociadas na BM&FBOVESPA no período de 2006 a 2014. A métrica adotada foi a regressão de Basu (1997) em seu modelo adaptado por Ball&Shivakumar (2005). Foram realizadas três regressões, a primeira com o intuito de aferir a influência da transição normativa para o padrão IFRS, a segunda com o intuito de aferir a influência da queda do volume do PIB e a terceira com o intuito de aferir a influência dos dois fenômenos conjugados. Os resultados apontam que a convergência para as IFRS não exerceu mudança no nível de conservadorismo empregado, já o volume do PIB apresentou alteração estatísticamente significativa e indicou um relato menos conservador. E em última análise, a junção da mudança normativa e do volume do PIB, em uma única regressão, resultou também em um resultado menos conservador. Assim, concluí-se que, como as evidências empíricas apontam, o conservadorísmo contábil condicional é mais sensível a alterações econômicas do que alterações normativas.
Conditional Conservatism is a proxy for reported earnings quality and a professional practice that has been instituted during accounting history, it is even present in adages as ‘antecipate all losses, but do not antecipate no profit’. Since the Conceptual Framework reformulation, the prudence principle which has a close link with conservatism was extinct. Despite that, there are evidences that it remains in practice and rules and researchers are pro to this mantainance, considering that it is beneficial to other parties contracting with the firm. The purpose of this research was to verify differences in conditional conservatism level in Brazilian public companies considering economic oscliations, measured by the fall of GDP annual volume, and normative transition to international accounting standard. We investigated two hundreds and fifty-eight, 258, firms that negociate on Brazilian stock Market, BM&FBOVESPA, from 2006 to 2014. We used Basu (1997) regression in its adapted model by Ball&Shivakumar (2005) as the proxy for conditional conservatism. We applyied three regressions, the first to verify the normative transition to IFRS influence, the second to verify the low volume of Brazilian GDP influence and the third to verify both together. The results suggests that normative transition do not represent a change in conservatism level, but, GDP volume do represent and showed statistics significance on less conservative earnings being reported. In the last analysis, the joint effect of GDP volume and convergence to IFRS, all together in a single regression, also indicated low conservative earnings. We conclude that empirical evidences suggest that the conditional conservatism is more sensitive to economic oscilations than to normative changes.
Conditional Conservatism is a proxy for reported earnings quality and a professional practice that has been instituted during accounting history, it is even present in adages as ‘antecipate all losses, but do not antecipate no profit’. Since the Conceptual Framework reformulation, the prudence principle which has a close link with conservatism was extinct. Despite that, there are evidences that it remains in practice and rules and researchers are pro to this mantainance, considering that it is beneficial to other parties contracting with the firm. The purpose of this research was to verify differences in conditional conservatism level in Brazilian public companies considering economic oscliations, measured by the fall of GDP annual volume, and normative transition to international accounting standard. We investigated two hundreds and fifty-eight, 258, firms that negociate on Brazilian stock Market, BM&FBOVESPA, from 2006 to 2014. We used Basu (1997) regression in its adapted model by Ball&Shivakumar (2005) as the proxy for conditional conservatism. We applyied three regressions, the first to verify the normative transition to IFRS influence, the second to verify the low volume of Brazilian GDP influence and the third to verify both together. The results suggests that normative transition do not represent a change in conservatism level, but, GDP volume do represent and showed statistics significance on less conservative earnings being reported. In the last analysis, the joint effect of GDP volume and convergence to IFRS, all together in a single regression, also indicated low conservative earnings. We conclude that empirical evidences suggest that the conditional conservatism is more sensitive to economic oscilations than to normative changes.
Description
Versão final: Esta versão contém as críticas e sugestões dos elementos do júri.
Keywords
Conservadorismo contábil condicional IFRS PIB Empresas brasileiras Conditional accunting conservatism GDP Brazilian firms