Banca de DEFESA: MARIANA JOYCE DOS SANTOS NASCIMENTO

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : MARIANA JOYCE DOS SANTOS NASCIMENTO
DATE: 22/12/2023
TIME: 09:00
LOCAL: https://meet.google.com/vqv-zodh-ika
TITLE:

COVID-19 AND RESTRICTION MEASURES: AN ANALYSIS OF ACCOUNTING CONSERVATISM

Capítulo 1: Behavior of companies' accounting conservatism in the scenario of economic crisis caused by the COVID-19 pandemic

Capítulo 2: Accounting conservatism and measures to combat COVID-19: an analysis of Latin American countries

KEY WORDS:

Capítulo 1: Information Quality. Accounting Conservatism. Economic crisis. Pandemic. COVID-19.

Capítulo 2: Accounting Conservatism. Pandemic. COVID-19. Restriction Measures. OxCGRT.

PAGES: 75
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

Capítulo 1: Although there are studies related to conservatism in periods of economic crisis, all studies focus on data from developed countries, that is, there is a scarcity of studies that carry out this research in Latin American countries. The objective of this study is to identify the behavior of conservatism in companies in Latin America (LA) before and during the economic crisis resulting from the COVID-19 pandemic. For this, there was a selection of the countries that have the largest and main Stock Exchanges in LA, which were: Argentina, Brazil, Chile, Colombia, Mexico and Peru. The period adopted was from 2014 to 2019 (before the crisis) and from 2020 to 2021 (during the crisis), and the Thomson Reuters Eikon® platform was used, through which a sample of 492 companies and 2,573 observations were obtained. The model used to measure conservatism was that of Ball and Shivakumar (2005), through multilevel regression from three levels on unbalanced panel data. Based on the results, it is inferred that companies in Latin America adopt a conservative stance both before and during periods of crisis. However, during these phases of economic recession, there is a tendency towards an increase in the level of conservatism, since organizations had opportunistic recognition of gains during the period of recession, followed by their reversal in subsequent periods, signaling accounting strategies that aim to deal with the uncertainties and volatility associated with this uncertain period of the pandemic. Furthermore, it was observed that organizations had a significant impact on reversing negative results.

Capítulo 2: The study aims to analyze the relationship between the restriction measures adopted by Latin American countries to combat COVID-19 and the level of conservatism of companies listed on their stock exchanges during the market downturn. To this end, an analysis was carried out on public companies in countries that have the main exchanges in Latin America (Argentina, Brazil, Chile, Colombia, Mexico and Peru), in the period from 2020 to 2021. Initially, the restriction measures adopted were calculated by each country, seeking to categorize them into groups with different levels of restriction, based on the measures implemented by each of them. Data for this analysis was obtained from the Oxford COVID-19 Government Response Tracker (OxCGRT), developed by the Blavatnik School of Government at the University of Oxford. Next, an analysis of the degree of conservatism present in each of these groups was carried out, using the model proposed by Ball and Shivakumar (2005) through panel data regression. Finally, the variable that quantifies the restriction measures adopted by each group was incorporated as an integral part of this analysis process. The results show that Argentina, Colombia, Chile and Peru were the countries that most implemented measures to combat COVID-19, being considered more restrictive. On the other hand, Brazil and Mexico adopted fewer restrictions, being classified as less restricted. The analysis indicated that companies from less restrictive countries presented a more conservative stance in their financial statements, however, there was no evidence that conservatism was directly impacted by the restriction measures. The most restricted countries did not demonstrate statistically significant variables. 

COMMITTEE MEMBERS:
Presidente - 2814007 - RENATO HENRIQUE GURGEL MOTA
Interno - 1543333 - ANDERSON LUIZ REZENDE MOL
Externo à Instituição - YURI GOMES PAIVA AZEVEDO