RELATION BETWEEN THE MARKET RISK AND THE QUALITY OF ACCOUNTING INFORMATION FOR THE BRAZILIAN FINANCIAL INSTITUTIONS
| Autor: | Fernando Maciel Ramos, Renan Caramori |
|---|---|
| Jazyk: | English<br />Spanish; Castilian<br />Portuguese |
| Rok vydání: | 2017 |
| Předmět: | |
| Zdroj: | Faces: Revista de Administração, Vol 16, Iss 4 (2017) |
| Druh dokumentu: | article |
| ISSN: | 1517-8900 1984-6975 |
| DOI: | 10.21714/1984-6975FACES2017V16N4ART4201 |
| Popis: | The study aimed to analyze the relationship between the market risk and the quality of accounting information of Brazilian financial institutions. The variables used in the study were: (i) volatility of the stock; (ii) quality of information accounting index through disclosure; (iii) size, profitability and debt. The survey sample consists of 55 organizations belonging to the financial segment of the BM&FBovespa. The results of multiple linear regression analysis demonstrated a significant compared to the proposed model with a power of explanation of 52.10%. The results converged to explain the study's assumption, resulting in a significant negative correlation between volatility and quality of accounting information, as well as volatility and size, and profitability. Starting from the main point, it is concluded that companies with a higher level of disclosure have lower volatility of stock returns, effecting thus cited and presumed importance attached by the market to the accounting information. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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