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Impact of the Differences between Brazilian and American Accounting Standards in Performance Indicators of Brazilian Companies with ADRs

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Author Info

  • Roberto Carlos Klann

    (Regional University of Blumenau – FURB)

  • Ilse Maria Beuren

    (Regional University of Blumenau – FURB)

  • Nelson Hein

    (Regional University of Blumenau – FURB)

Registered author(s):

    Abstract

    The objective of the article is to analyze the impact of the differences between Brazilian and American accounting standards in performance indicators of Brazilian companies that participate in corporate governance. The research is characterized as descriptive, with a quantitative approach using regression and correlation analysis. The sample compose of those 17 companies of Corporate Governance of Bovespa that were presented in the January 2007 negotiation of American Depositary Receipts (ADR’s) on the NYSE. Documental research consisted of accounting statements from the year 2005 sent to Bovespa and to the NYSE. The results of the research show divergences on the performance indicators calculated based on the Brazilian and American accounting standards. However, it was evidenced significant correlation between the differences in performance indicators calculated, based on the accounting statements sent to Bovespa and to the NYSE. Therefore, it can be concluded that performance indicators are not affected in any significant way by the divergences in accounting standards between the two countries, not occurring any asymmetry of information in the sample countries between what is divulged on Bovespa and on the NYSE.

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    File URL: http://www.bbronline.com.br/public/edicoes/6_2/artigos/vzsmldv3kj6122010145706.pdf
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    Bibliographic Info

    Article provided by Fucape Business School in its journal Brazilian Business Review.

    Volume (Year): 6 (2009)
    Issue (Month): 2 (May)
    Pages: 147-164

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    Handle: RePEc:bbz:fcpbbr:v:6:y:2009:i:2:p:147-164

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    Postal: Fucape Business School Brazilian Business Review Av. Fernando Ferrari, 1358, Boa Vista CEP 29075-505 Vitória-ES
    Phone: +55 27 4009-4423
    Fax: +55 27 4009-4422
    Web page: http://www.bbronline.com.br/
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    Related research

    Keywords: performance indicators; brazilian accounting standards; american accounting standards; corporate governance; brazilian companies.;

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