Escolha De Práticas Contábeis: Um Estudo Sobre Propriedades Para Investimento Em Empresas Brasileiras Não Financeiras De Capital Aberto

Abstract

<p>O objetivo do artigo foi analisar os incentivos econômicos para seleção do método (custo ou valor justo) de mensuração contábil das propriedades para investimento por parte das empresas brasileiras não financeiras de capital aberto. Foi realizada uma análise quantitativa através de estatística univariada (teste de diferença de média <em>Mann-Whitney U</em> e teste de proporções) e multivariada (regressão logística) para análise de 36 empresas com propriedades para investimento. Os resultados demonstram que apenas 14 empresas (39%) optaram pelo método de valor justo para mensuração de suas propriedades para investimento. A análise univariada e multivariada dos dados permitem concluir que apenas a variável receita líquida foi estatisticamente significante para explicar o método de mensuração das propriedades para investimento escolhido pelas empresas. Em geral, as empresas com menor receita líquida apresentam maior probabilidade de utilizar o método de valor justo. O estudo é relevante por permite conhecer os tipos de escolhas de práticas contábeis realizadas pelos administrados no período pós implementação do IFRS.</p>

The Relevance of the Informational Content of Book-Tax Differences for Predicting Future Income: Evidence from Latin American Countries

“…The greater the size of companies from these Latin American countries that compose the sample, the lower their future results will be, as indicated by Cullinan (1999) and also by Costa, Silva and Laurencel (2013). The results for leverage show that higher company debt contributes to market uncertainty, in accordance with prior literature from Ayres et al (2010).…”

A comparabilidade das escolhas contábeis na mensuração subsequente de ativos imobilizados, de ativos intangíveis e de propriedades para investimento em empresas da América do Sul

“…The latter claims that, since users have expectations about companies' profitability, managers tend to choose the method that best contribute to achieve the performance desired by investors (fair value). However, with regard to intangible assets and IP, which were not statistically significant, these findings corroborate the results of previous studies (Cole et al, 2011;Andrade et al, 2013;Costa et al, 2013;Souza et al, 2015), which found that profitability does not influence managers' accounting choice to use the historical cost or fair value method.…”

“…A statistically significant profitability for fixed assets, in turn, had a negative sign (historical cost), contradicting the theory (Costa et al, 2013;Christensen & Nikolaev, 2013). The latter claims that, since users have expectations about companies' profitability, managers tend to choose the method that best contribute to achieve the performance desired by investors (fair value).…”

“…However, it contradicts the idea of Jaafar and McLeay (2007) and Costa et al (2013) that large companies tend to choose accounting practices that minimize assets trying to be less visible politically. Concerning listed companies in Latin America, company size did not affect managers' choice of the historical cost or fair value method for subsequent measurement of assets and IP.…”

“…Thus, the fifth hypothesis comes from the assumption that managers tend to choose accounting methods that increase the company's profit, in order to maximize their remuneration, when there are incentive plans: H 5 : There is a positive association between incentive plans and choosing the fair value method for subsequent measurement of fixed assets, intangible assets, and IP. Costa, Silva and Laurencel (2013) notice that profitability indexes are employed by many users of financial statements as a measurement of company's performance. Christensen and Nikolaev (2013) argue that fair value measurement may be used in order to facilitate measuring entity's performance and, as a consequence, be useful in assessing company's management.…”