The informational content of revaluation reserves in the brazilian capital market Report as inadecuate




The informational content of revaluation reserves in the brazilian capital market - Download this document for free, or read online. Document in PDF available to download.

Jorge KatsumiNiyama ; Edilson Paulo ;Contabilidade Vista & Revista 2012, 23 1

Author: Jomar Miranda Rodrigues

Source: http://www.redalyc.org/


Teaser



Contabilidade Vista & Revista ISSN: 0103-734X contabilidadevistaerevista@face.ufmg.br Universidade Federal de Minas Gerais Brasil Miranda Rodrigues, Jomar; KatsumiNiyama, Jorge; Paulo, Edilson The informational content of revaluation reserves in the Brazilian capital market Contabilidade Vista & Revista, vol.
23, núm.
1, enero-marzo, 2012, pp.
75-95 Universidade Federal de Minas Gerais Minas Gerais, Brasil Available in: http:--www.redalyc.org-articulo.oa?id=197026232005 How to cite Complete issue More information about this article Journals homepage in redalyc.org Scientific Information System Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Non-profit academic project, developed under the open access initiative The informational content of revaluation reserves in the Brazilian capital market The informational content of revaluation reserves in the Brazilian capital market Jomar Miranda Rodrigues1 Jorge KatsumiNiyama2 Edilson Paulo3 •Artigo recebido em: 15-07-2011••Artigo aceito em: 06-05-2012 Abstract The use of accounting numbers for evaluation of firms has deserved local and international researches, mostly in the capital market.
Multiple studies try to analyze the relevance of revaluation reserves (SHARPE; WALKER, 1975; STANDISH; UNG, 1982; BARTH; CLINCH, 1998; ABOODY; BARTH; KASZNIK, 1999; LOPES, 2006; PAIK, 2009). However, owing to Law no.
11.638-07, forbidding to revaluate assets in Brazil, the significance of assets revaluation is being questioned.
Hence, the following research issue: Does the assets revaluation exhibit anyrelevanceinformation when evaluating capital market firms? The purpose of this work is to verify whether the assets revaluation really brings in a significant informational content for the capital market in Brazil.
In order to accomplish that purpose, we employed an approach originating from the Ohlsonmodel (1995), aiming at testing the importance of the revaluation reserves and the marke...





Related documents