Listing for trading in one of the segments of the BM&FBovespa requiring enhanced corporate governance can be seen as a way to align the interests of agents and principals. One of the supposed benefits of adhesion to these segments is increased stock liquidity. This study analyzes a sample of...

We summarise the response of the EAA's FRSC to Towards a Disclosure Framework for the Notes, a Discussion Paper (DP) issued jointly by EFRAG, ANC and FRC. While supportive of much of the DP, and in particular of the underlying aim to place disclosures on a sounder conceptual foundation, we...

Fundamental analysis of stocks links financial data to firm value in two consecutive steps: a predictive information link tying current financial data to future earnings, and a valuation link tying future earnings to firm value. At each step, a large number of causal factors have to be factored...

This study contributes to contemporary research on changes in management accounting (MA) practices by examining the effect of changes in data quality, information quality and management accountants' tasks on accounting efficiency and effectiveness, and indirectly on management accounting change...

The adoption of IAS 19: Employee benefits (2004) provided managers with an important accounting choice affecting the time and placement of actuarial gains and losses recognition. IAS 19 enables a choice between three major accounting methods related to the recognition of actuarial gains and...

Since 2005, IASB standards have become mandatory for publicly listed European companies in the consolidated financial statements (Regulation 1606/2002 of European Parliament and the Council). The adoption of IAS 19: Employee benefits (2004) provided managers with an important accounting choice...