Banca de DEFESA: FIORELLA LOPEZ LIZA

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
DISCENTE : FIORELLA LOPEZ LIZA
DATA : 30/04/2020
HORA: 14:00
LOCAL: Por videoconferência (excepcionalmente) em função da pandemia por coronavírus
TÍTULO:

Conditional Conservatism in the Aggregate Profits: Analysis of the Brazilian Market

PALAVRAS-CHAVES:

Aggregate earnings. Aggregate returns. Conditional conservatism.

PÁGINAS: 87
GRANDE ÁREA: Ciências Sociais Aplicadas
ÁREA: Administração
SUBÁREA: Ciências Contábeis
RESUMO:

This study aims to investigate whether there is conditional conservatism in aggregate earnings of the Brazilian capital market. This issue becomes relevant, since a growing line of international academic research analyzes aggregated accounting variables. In this direction, the present research tries to bring evidences to Brazil of the properties of aggregate earnings, specifically of the conditional conservatism widely tested at the firm level. Was carried out an empirical research of time series, for which, it proceeded to collect information from the public companies listed on B3 during the period from the first quarter of 1998 to the fourth quarter of 2017 in the Economática® database. From the results obtained with the quarterly financial statements, we were unable to evidence the existence of conditional conservatism measured by the asymmetric recognition between good and bad news in the Basu's model (1997). However, these results provide the first evidence in Brazil of the behavior of accounting earnings at the aggregate level. In addition, for the sample analyzed, it is possible to suggest that, at the aggregate level, macroeconomic variables improve the specification of Basu's conditional conservatism model (1997). Considering that the results of the present study are preliminary, they must be analyzed in the Brazilian context. However, the study brings important contributions to Brazilian research, by bringing evidence to Brazil of conditional conservatism as a property of aggregate profits, since the aggregate profit-return relationship is a topic that is little explored in Brazil. Thus, it seeks to motivate researchers to expand the field of study, from the micro (firm level) to the macro (aggregate level).

MEMBROS DA BANCA:
Presidente - 1227504 - JOSE SERGIO CASE DE OLIVEIRA
Interno - 1219699 - JOSEILTON SILVEIRA DA ROCHA
Interno - 2276473 - LUIS PAULO GUIMARAES DOS SANTOS
Externo à Instituição - WENNER GLAUCIO LOPES LUCENA - UFPB