The weight of financial instruments risk disclosure on Brazilian Banks
The present work has the objective of studying the value-relevance of accounting information presented by Brazilian banks. The study scope was delimited by the understanding that Banking is a segment with high concentration of financial instruments, leading, thus, to greater disclosure related risk...
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| Tipo de recurso: | tesis de maestría |
| Estado: | Versión publicada |
| Fecha de publicación: | 2021 |
| País: | Brasil |
| Institución: | Universidade Federal do Rio Grande do Norte (UFRN) |
| Repositorio: | Repositório Institucional da UFRN |
| Idioma: | portugués |
| OAI Identifier: | oai:repositorio.ufrn.br:123456789/33087 |
| Acceso en línea: | https://repositorio.ufrn.br/handle/123456789/33087 |
| Access Level: | acceso abierto |
| Palabra clave: | Financial instruments IFRS 7 Value-relevance Risk disclosure |
| Sumario: | The present work has the objective of studying the value-relevance of accounting information presented by Brazilian banks. The study scope was delimited by the understanding that Banking is a segment with high concentration of financial instruments, leading, thus, to greater disclosure related risk susceptibility on such instruments. The sample here developed was chosen by the banking segment of classification on Brazil’s Stock Exchange, B3, resulting in a group of 24 publicly listed companies, whose data ranged from 2017 to 2019. The study was conducted using the disclosure index presented by Thai e Birt (2019), made with the intent to evaluate the disclosure adherence of a said company to the reporting standard, in this case, CPC 40, Financial instruments: Recognition, Evaluation and Disclosure, Instrumentos Financeiros: Evidenciação, Brazil’s interpretation of the International Financial Reporting Standards, IFRS, 7, enabling the determination of company adherence of accounting standards, on the market measurement of the value-relevance it was used the modified Ohlson (1995) model. The results show that, to the measured population and period, the Disclosure Index cannot be used as a explanatory variable for the market evaluation of the financial institutions hereby presented. |
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