AVALIAÇÃO DO VALUE RELEVANCE DAS INFORMAÇÕES SOBRE A HIERARQUIA DO VALOR JUSTO DAS EMPRESAS BRASILEIRAS

Autores

  • Tatiane de Oliveira Marques Universidade Federal de Minas Gerais - UFMG
  • Jorge Katsumi Niyama Universidade de Brasília - UNB
  • Rafael Morais de Souza
  • Charles Albino Schultz

DOI:

https://doi.org/10.21680/2176-9036.2017v9n1ID7238

Resumo

O objetivo deste estudo foi avaliar se o value relevance do valor justo a Nível 1 e 2 é maior que o value relevance do Nível 3. Trata-se de uma pesquisa descritiva, de caráter quantitativo, desenvolvida com base no método de regressão linear-logarítmica. A amostra foi composta por 50 empresas listadas no Índice IBrx-100 da BM&FBOVESPA que apresentaram informações sobre a hierarquia do valor justo. Os dados utilizados para as análises deste estudo foram coletados nas demonstrações financeiras trimestrais e notas explicativas das empresas analisadas e referem-se ao período entre o primeiro trimestre de 2013 ao quarto trimestre de 2014. Os resultados da pesquisa demonstraram que, para os ativos a valor justo, apenas a variável AVJ3 (1,05) apresentou value relevance, coeficiente positivo e estatisticamente significativo. Para os passivos, PVJ12 (7,64) e PVJ3 (6,92) apresentaram value relevance, porém, com coeficiente diferente do teoricamente esperado de negativo. Respondendo ao objetivo geral da pesquisa, apenas é possível afirmar que o value relevance dos Níveis 1 e 2 é maior que value relevance do Nível 3 para os passivos. Além disso, a partir dos resultados pode se inferir que os investidores interpretaram os valores do passivo a valor justo de forma contrária ao esperado, conforme já havia sido observado nos estudos de Gaynor, McDaniel e Yohn (2009) e Lachmann, Wöhrmann e Wömpener (2011).

Palavras-chave: Valor justo. Hierarquia do valor justo. CPC 46. Value relevance.

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Biografia do Autor

Tatiane de Oliveira Marques, Universidade Federal de Minas Gerais - UFMG

Mestre em Contabilidade pela Universidade Federal de Santa Catarina. Doutoranda do Programa de Pós-Graduação em Contabilidade da Universidade de Brasília.

Professora do Departamento de Ciências Contábeis da Universidade Federal de Minas Gerais.

Jorge Katsumi Niyama, Universidade de Brasília - UNB

Pós-doutorado pela University of Otago. Atualmente é professor titular da Universidade de Brasília - Docente do Programa Multiinstitucional de Pós-Graduação da UnB, UFPB e UFRN - Universidade de Brasília - Faculdade de Economia, Administração e Contabilidade, Departamento de Ciências Contábeis e Atuariais

Rafael Morais de Souza

Doutor em Engenharia Elétrica pela Pontifícia Universidade Católica do Rio de Janeiro

Professor Adjunto do Departamento de Ciências Contábeis da Universidade Federal de Minas Gerais – UFMG - Endereço: Av. Antônio Carlos, 6627 - Pampulha  - Belo Horizonte, MG – Brasil - CEP: 31270-901 – Telefone: (31) 34097276.

Charles Albino Schultz

Mestre em Contabilidade / Doutorando em Wirtschaftswissenschaften - Universidade Federal da Fronteira Sul – UFFS / Technische Universität Chemnitz - UFFS – Campus Chapecó - C.P. 181 - Chapecó - Santa Catarina – Brasil - CEP: 89812-000 – Telefone: 49) 2049-3100.

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02-01-2017

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MARQUES, T. de O.; NIYAMA, J. K.; SOUZA, R. M. de; SCHULTZ, C. A. AVALIAÇÃO DO VALUE RELEVANCE DAS INFORMAÇÕES SOBRE A HIERARQUIA DO VALOR JUSTO DAS EMPRESAS BRASILEIRAS. REVISTA AMBIENTE CONTÁBIL - Universidade Federal do Rio Grande do Norte - ISSN 2176-9036, [S. l.], v. 9, n. 1, p. 144–162, 2017. DOI: 10.21680/2176-9036.2017v9n1ID7238. Disponível em: https://periodicos.ufrn.br/ambiente/article/view/7238. Acesso em: 14 jun. 2024.

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