Accounting Information Quality in Public Stock and Bond Offerings by Brazilian Public Companies

BBR, Vitória, Vol. 9, No. 1, Art. 1, p. 1- 24, Jan-Mar. 2012

24 Pages Posted: 28 Jun 2013

See all articles by Edilson Paulo

Edilson Paulo

Federal University of Paraiba

Paulo Roberto Cavalcante

Federal University of Paraiba (UFPB)

Iana Melo

Federal University of Paraiba (UFPB)

Date Written: March 31, 2012

Abstract

Although bonds account for the largest trading volume of transactions in the Brazilian financial market, most studies of the quality of accounting information focus on the stock market. Considering that many studies suggest that the institutional and organizational environment affects firms’ accounting numbers, the following research question can be raised: Is the quality of accounting information affected significantly by public offering of stocks and bonds? To answer this question, we conducted an empirical study of a sample composed of listed Brazilian companies that made public debt and equity offerings between 2000 and 2006. The results indicate that such offerings did not significantly affect the accounting numbers, suggesting that the quality of accounting information is not affected by public stock and bond offerings.

Keywords: accounting information quality, conservatism, persistence, earnings management, accruals

JEL Classification: M40, M41

Suggested Citation

Paulo, Edilson and Cavalcante, Paulo Roberto and Paulo, Iana Izadora, Accounting Information Quality in Public Stock and Bond Offerings by Brazilian Public Companies (March 31, 2012). BBR, Vitória, Vol. 9, No. 1, Art. 1, p. 1- 24, Jan-Mar. 2012, Available at SSRN: https://ssrn.com/abstract=2281625

Edilson Paulo (Contact Author)

Federal University of Paraiba ( email )

João Pessoa, Paraiba 58038-382
Brazil

Paulo Roberto Cavalcante

Federal University of Paraiba (UFPB) ( email )

Cidade Universitária
s/n - Castelo Branco III
João Pessoa, Paraiba
Brazil

Iana Izadora Paulo

Federal University of Paraiba (UFPB) ( email )

Cidade Universitária
s/n - Castelo Branco III
João Pessoa, Paraiba 58297-000
Brazil

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
83
Abstract Views
465
rank
328,303
PlumX Metrics