RELAÇÃO ENTRE O CONSERVADORISMO CONTÁBIL E A RELEVÂNCIA DAS INFORMAÇÕES

Abstract

The study aims to analyze the relationship between accounting conservatism and the accounting information relevance of Brazilian companies. The sample corresponded to 203 companies, which had valid annual information in the period from 2008 to 2017 (2,030 observations). Ordinary least squares (OLS) regressions were estimated in order to detect the coefficients of conditional conservatism of each company, and then we analyzed their influence on the accounting information relevance. The results showed that companies conservatively recognized their information had decreased market valuation, which indicates the lack of relevance of accounting conservatism to investors. In addition, we observed the IFRS accounting standard was associated with an increase in the information relevance, resulting in a higher accounting information quality and contributing to the information symmetry between managers and economic agents. (English) [ABSTRACT FROM AUTHOR]