Striking Features of the New Market Companies Adopting Hedge Accounting
This research had as main objective to analyze the corporate and financial governance characteristics that discriminate against groups of companies that adopt hedge accounting in the new market for risk management. In this sense, there was descriptive survey the site of BM&FBOVESPA, conducted...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade Federal do Rio de Janeiro
2015-08-01
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| Series: | Revista Sociedade, Contabilidade e Gestão |
| Subjects: | |
| Online Access: | http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/2549/2159 |
| _version_ | 1818353979612987392 |
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| author | Leandro Augusto Toigo Maria Margarete Brizolla Francisco Carlos Fernandes |
| author_facet | Leandro Augusto Toigo Maria Margarete Brizolla Francisco Carlos Fernandes |
| author_sort | Leandro Augusto Toigo |
| collection | DOAJ |
| description | This research had as main objective to analyze the corporate and financial governance
characteristics that discriminate against groups of companies that adopt hedge accounting in
the new market for risk management. In this sense, there was descriptive survey the site of
BM&FBOVESPA, conducted through desk review of the financial statements of 31/12/2012,
including the explicative notes and management reports, there was also collecting data in
reference form and Economatica. The population corresponds as 128 companies of the
governance level - new market, and that the reserve sample was random and probabilistic,
comprising 88 companies. We used a construct of the CPC 40 that deals with hedge
accounting in order to segment the sample companies opting or not hedge accounting. The
results of the application of Pearson's correlation and logistic regression with the Hosmer and
Lemoshow tests (HLT) and Test Omnibus coefficient model (OTMC), have shown that
companies with ownership concentration, foreign investors and larger assets are adopting
more significantly CPC 40. It follows that Brazilian companies belonging to the new market
that adopt the practice of accounting disclosure to demonstrate improvement in risk
management of the investments of the shareholders, are large companies with the capital
structure composed of foreign investor and representative shareholder wealth. |
| first_indexed | 2024-12-13T19:18:08Z |
| format | Article |
| id | doaj.art-92a0d62ce2a041c9b8867665b1396e70 |
| institution | Directory Open Access Journal |
| issn | 1982-7342 1982-7342 |
| language | Portuguese |
| last_indexed | 2024-12-13T19:18:08Z |
| publishDate | 2015-08-01 |
| publisher | Universidade Federal do Rio de Janeiro |
| record_format | Article |
| series | Revista Sociedade, Contabilidade e Gestão |
| spelling | doaj.art-92a0d62ce2a041c9b8867665b1396e702022-12-21T23:34:14ZporUniversidade Federal do Rio de JaneiroRevista Sociedade, Contabilidade e Gestão1982-73421982-73422015-08-01102622Striking Features of the New Market Companies Adopting Hedge AccountingLeandro Augusto Toigo0Maria Margarete Brizolla1Francisco Carlos Fernandes2Universidade Regional de BlumenauUniversidade Regional de BlumenauUniversidade Regional de BlumenauThis research had as main objective to analyze the corporate and financial governance characteristics that discriminate against groups of companies that adopt hedge accounting in the new market for risk management. In this sense, there was descriptive survey the site of BM&FBOVESPA, conducted through desk review of the financial statements of 31/12/2012, including the explicative notes and management reports, there was also collecting data in reference form and Economatica. The population corresponds as 128 companies of the governance level - new market, and that the reserve sample was random and probabilistic, comprising 88 companies. We used a construct of the CPC 40 that deals with hedge accounting in order to segment the sample companies opting or not hedge accounting. The results of the application of Pearson's correlation and logistic regression with the Hosmer and Lemoshow tests (HLT) and Test Omnibus coefficient model (OTMC), have shown that companies with ownership concentration, foreign investors and larger assets are adopting more significantly CPC 40. It follows that Brazilian companies belonging to the new market that adopt the practice of accounting disclosure to demonstrate improvement in risk management of the investments of the shareholders, are large companies with the capital structure composed of foreign investor and representative shareholder wealth.http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/2549/2159Risk managementHedge accountingCorporate governance |
| spellingShingle | Leandro Augusto Toigo Maria Margarete Brizolla Francisco Carlos Fernandes Striking Features of the New Market Companies Adopting Hedge Accounting Revista Sociedade, Contabilidade e Gestão Risk management Hedge accounting Corporate governance |
| title | Striking Features of the New Market Companies Adopting Hedge Accounting |
| title_full | Striking Features of the New Market Companies Adopting Hedge Accounting |
| title_fullStr | Striking Features of the New Market Companies Adopting Hedge Accounting |
| title_full_unstemmed | Striking Features of the New Market Companies Adopting Hedge Accounting |
| title_short | Striking Features of the New Market Companies Adopting Hedge Accounting |
| title_sort | striking features of the new market companies adopting hedge accounting |
| topic | Risk management Hedge accounting Corporate governance |
| url | http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/2549/2159 |
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