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| Format: | Artículo científico |
| Language: | en |
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Universidade Estadual de Maringá
2024
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| Online Access: | https://www.redalyc.org/articulo.oa?id=307179074005 https://www.redalyc.org/journal/3071/307179074005/ https://www.redalyc.org/journal/3071/307179074005/html/ https://www.redalyc.org/journal/3071/307179074005/307179074005.epub https://www.redalyc.org/journal/3071/307179074005/movil |
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Table of Contents:
- The relationship between hedge accounting and idiosyncratic risk in ihe brazilian capital market Dhiego Augusto Solino Feitosa Marcelo Augusto Ambrozini Yuri Gomes Paiva Azevedo Rafael Moreira Antônio Administración y Contabilidad Capital Market Hedge accounting Idiosyncratic Risk Information Disclosure Objective: This work examined the effect of the hedge accounting’s usage and disclosure on the idiosyncratic risk of the open market capital companies listed on Bovespa (B3). The Agency Theory, Asymmetry Information Theory and Signalization Theory were addressed in order to stablish the relation between the two objects of this study.Method: As methodology, a multiple linear regression based on the ordinary least squares method, with data across the period 2009-2018. The data was obtained from Economática® platform, and from the companies’ explanatory notes data available on the financial statements.Originality/Relevance: The central originality of the study lies in the analysis of the relationship between the effect of adopting and disclosing hedge accounting on the idiosyncratic risk of publicly traded companies listed on Bovespa (B3).Results: The results of the study showed a significant and negative relation between hedge accounting’s usage and idiosyncratic risk.Theoretical/methodological/practical contributions: This study contributes to the international and national literature providing empirical evidences about the impact of the hedge accounting and, consequently, the risk management disclosure on the companies’ idiosyncratic risk, offering, then, better understanding about the accounting standards efficiency in Brazil. 2024 artículo científico 1517-9087 https://www.redalyc.org/articulo.oa?id=307179074005 https://www.redalyc.org/journal/3071/307179074005/ https://www.redalyc.org/journal/3071/307179074005/html/ https://www.redalyc.org/journal/3071/307179074005/307179074005.epub https://www.redalyc.org/journal/3071/307179074005/movil 10.4025/enfoque.v43i3.63775 en http://www.redalyc.org/revista.oa?id=3071 Enfoque: Reflexão Contábil application/pdf Universidade Estadual de Maringá Enfoque: Reflexão Contábil (Brasil) Num.3 Vol.43