| Popis: |
In the context of environmental liabilities, this study aimed to analyze the impact of CPC 25 in recognition and disclosure of environmental provisions and contingent their reflections in the debt of the companies studied. Therefore, we investigated the behavior of balances related to environmental provisions and debt indicators in the period 2006-2014, 90% of high environmental impact companies listed on the BM & FBovespa, comparatively before and after the adoption of this pronouncement technician. It was found evidence of increased companies disclosed this information, with greater representation in non-current liabilities, although, in general, these are unrepresentative items of the equity of the entity. However, the quantitative increase in the recognition of environmental liabilities when analyzed from the perspective of debt indicators, no significant statistical difference. The results counter the expected increase in debt ratios due to the presence of regulating environmental liabilities. In addition, it is clear that despite the regulations, uncertainty and complexity in the measurement of contingent liabilities, coupled with the discretion of the manager as the judgment of the environmental contingent liability as probable or possible (which determines its accounting or not) can also contribute to understand the results of this study. |
