Earnings Quality in Brazilian Public Companies Supervised by Regulatory Agencies

28 Pages Posted: 2 Dec 2011

See all articles by Antonio Carlos Coelho

Antonio Carlos Coelho

UFC - FEAAC - PPAC

Jose Elias Feres de Almeida

Federal University of Espirito Santo (UFES)

Alexsandro Broedel Lopes

Universidade de São Paulo; Manchester Business School

Adriana Cristina Silva

affiliation not provided to SSRN

Date Written: November 30, 2011

Abstract

The study investigates regulation impact on earnings quality in Brazilian firms. The Brazilian context provides an ideal set of conditions to explore this issue, such as code law, weak institutional environment and weak enforcement. In view of the scenario, we expected the presence of regulatory agencies to improve earnings quality and to reduce information asymmetry in Brazilian firms. The hypothesis was not confirmed by the findings as regulation was found not to improve earnings quality of Brazilian firms. The study draws attention to the need for regulatory agencies to encourage good accounting practices and strengthen economic regulations in Brazil.

Keywords: Regulation, Asymmetric Loss Recognition Timeliness, Earnings Quality

JEL Classification: M41, K23, N26

Suggested Citation

Coelho, Antonio Carlos Dias and Almeida, Jose Elias Feres de and Broedel Lopes, Alexsandro and Silva, Adriana Aristina, Earnings Quality in Brazilian Public Companies Supervised by Regulatory Agencies (November 30, 2011). Available at SSRN: https://ssrn.com/abstract=1967177 or http://dx.doi.org/10.2139/ssrn.1967177

Antonio Carlos Dias Coelho (Contact Author)

UFC - FEAAC - PPAC ( email )

Avenida da Universidade, 2431
Benfica
Fortaleza, Ceara 60.020-180
Brazil
+ 55 85 3366 7802 (Phone)

HOME PAGE: http://www.feaac.ufc.br

Jose Elias Feres de Almeida

Federal University of Espirito Santo (UFES) ( email )

Av. Fernando Ferrari, n. 514, Goiabeiras
Centro de Ciências Jurídicas e Econômicas
Vitoria, Espírito Santo 29075-910
Brazil
+5527992248737 (Phone)

Alexsandro Broedel Lopes

Universidade de São Paulo ( email )

Av. Prof. Luciano Gualberto 908
São Paulo, 05508-900
Brazil
+55 11 3091 5820 (Phone)
+55 11 3813 0120 (Fax)

Manchester Business School

Booth Street West
Manchester, M15 6PB
United Kingdom

Adriana Aristina Silva

affiliation not provided to SSRN ( email )

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