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Determinants of asymmetric loss recognition timeliness in public and private firms in Brazil

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  • Coelho, Antonio Carlos
  • Galdi, Fernando Caio
  • Lopes, Alexsandro Broedel

Abstract

We investigate the determinants of asymmetric loss recognition timeliness (ALRT) for public and private firms in Brazil. We complement Ball and Shivakumar (2005) by investigating ALRT in Brazil where, unlike in the UK setting, equity markets do not provide the adequate incentives for high quality financial reporting. In Brazil, even listed public companies do not face the same institutional environment of the British firms. Using a unique database of Brazilian public and private firms we document that Brazilian public and private firms present similar ALRT, different from the evidence that Ball and Shivakumar (2005) reported for the UK.

Suggested Citation

  • Coelho, Antonio Carlos & Galdi, Fernando Caio & Lopes, Alexsandro Broedel, 2017. "Determinants of asymmetric loss recognition timeliness in public and private firms in Brazil," Emerging Markets Review, Elsevier, vol. 31(C), pages 65-79.
    • Handle: RePEc:eee:ememar:v:31:y:2017:i:c:p:65-79
    DOI: 10.1016/j.ememar.2017.02.002
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    Cited by:

    1. Wafaa Salah & Abdallah Abdel-Salam, 2019. "The Effects of International Financial Reporting Standards on Financial Reporting Quality," Athens Journal of Business & Economics, Athens Institute for Education and Research (ATINER), vol. 5(3), pages 221-242, July.
    2. Muhammad Mohsin & Mohammad Nurunnabi & Jijian Zhang & Huaping Sun & Nadeem Iqbal & Robina Iram & Qaiser Abbas, 2021. "The evaluation of efficiency and value addition of IFRS endorsement towards earnings timeliness disclosure," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 1793-1807, April.
    3. Abiot Tessema & Moo Sung Kim & Jagadish Dandu, 2018. "The impact of ownership structure on earnings quality: the case of South Korea," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 15(3), pages 129-141, August.
    4. Duréndez, Antonio & Madrid-Guijarro, Antonia, 2018. "The impact of family influence on financial reporting quality in small and medium family firms," Journal of Family Business Strategy, Elsevier, vol. 9(3), pages 205-218.

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    More about this item

    Keywords

    Earnings quality; Loss recognition; Private firms; Emerging markets; Brazil;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean

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