Relação entre a informatividade do ativo contábil e o risco sistemático das empresas brasileiras

Autores

  • Vanessa Rodrigues dos Santos Cardoso Universidade de Brasília
  • Paulo Augusto Pettenuzzo de Britto Universidade de Brasília

DOI:

https://doi.org/10.17524/repec.v18i1.3322

Palavras-chave:

Informatividade do ativo, Capital econômico, Qualidade da informação contábil, Risco sistemático, Custo de Capital

Resumo

Objetivo: Este estudo objetiva analisar eventual relação entre a informatividade do ativo contábil e o risco

sistemático das empresas brasileiras. A hipótese de pesquisa parte do pressuposto de que a percepção

de risco dos investidores se reduz com fatores que restringem a sua incerteza, dentre eles, uma melhor

qualidade da informação.

Método: Para alcançar o objetivo, foram estimadas regressões com dados em painel, empregando-se

dados de 186 empresas, de 2010 a 2021. A análise contemplou, além da informatividade global do ativo,

a informatividade resultante de escolhas da empresa (parte discricionária) e a informatividade inferida a

partir de empresas relacionadas do mesmo setor (parte não discricionária).

Resultados: A informatividade do ativo mostrou-se relevante e negativamente associada ao risco

sistemático das empresas brasileiras, sendo que a sua parte não discricionária apresentou efeito mais

intenso sobre o risco sistemático do que a parte discricionária.

Contribuições: O trabalho é relevante para usuários, preparadores e reguladores ao contribuir com a

discussão sobre qualidade da informação contábil evidenciando sua relação com o risco sistemático de

empresas por meio de medida focada no ativo, por sugerir métrica que pode auxiliar nas estimativas de

valor da empresa e por fornecer evidências das consequências econômicas das escolhas contábeis.

Biografia do Autor

Paulo Augusto Pettenuzzo de Britto, Universidade de Brasília

Doutor em Economia pela University of Illinois at Urbana-Champaign (UIUC)

Professor Associado da Universidade de Brasília (UnB)

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Publicado

28-03-2024

Como Citar

Cardoso, V. R. dos S., & Augusto Pettenuzzo de Britto, P. (2024). Relação entre a informatividade do ativo contábil e o risco sistemático das empresas brasileiras. Revista De Educação E Pesquisa Em Contabilidade (REPeC), 18(1). https://doi.org/10.17524/repec.v18i1.3322

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