TY - JOUR
T1 - Determinants of asymmetric loss recognition timeliness in public and private firms in Brazil
AU - Coelho, Antonio Carlos
AU - Galdi, Fernando Caio
AU - Lopes, Alexsandro Broedel
PY - 2017/6/1
Y1 - 2017/6/1
N2 - 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.
AB - 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.
KW - Brazil
KW - Earnings quality
KW - Emerging markets
KW - Loss recognition
KW - Private firms
UR - http://www.scopus.com/inward/record.url?scp=85013923309&partnerID=8YFLogxK
U2 - 10.1016/j.ememar.2017.02.002
DO - 10.1016/j.ememar.2017.02.002
M3 - Article
AN - SCOPUS:85013923309
SN - 1566-0141
VL - 1
SP - 65
EP - 79
JO - Emerging Markets Review
JF - Emerging Markets Review
IS - 31
ER -