Decrease in the Value Relevance of Accounting Information in Electric Distributors after the Brazilian IFRS adoption

Originality/value--That is, although the economies of these jurisdictions are distinct, investors incorporated such accounting assets into stock prices because they could potentially verify realization rates on such items. Thus, it is concluded that the adoption of international standards did not be...

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Bibliographic Details
Published in:Revista brasileira de gestão de negócios 2019-10, Vol.21 (4), p.928-952
Main Authors: Flores, Eduardo, Lopes, Alexsandro Broedel
Format: Article
Language:eng ; por
Subjects:
Accounting
Accounting standards
Book value
brazil
canada
Electric power
Electric rates
Electricity
Electricity distribution
Energy
Financial statements
Hypotheses
ifrs 14
International accounting standards
International Financial Reporting Standards
International marketing
Liability
MANAGEMENT
regulatory assets
relevance of accounting information
Vendor relations
Wholesale trade
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Summary:Originality/value--That is, although the economies of these jurisdictions are distinct, investors incorporated such accounting assets into stock prices because they could potentially verify realization rates on such items. Thus, it is concluded that the adoption of international standards did not benefit Brazilian energy distributors by distancing the book value from their market value.
ISSN:1806-4892
1983-0807
1983-0807
DOI:10.7819/rbgn.v21i5.4023