文章基本信息

标题：Forecast bias of estimates of market analysts in the Brazilian Capital Market: Impact of the IFRS Adoption
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作者：Rafael Confetti Gatsios ; Fabiano Guasti Lima
期刊名称：Business and Management Review
印刷版ISSN：2047-0398
电子版ISSN：2047-0398
出版年度：2014
卷号：3
期号：11
页码：01-06
出版社：Global Research Society
摘要：This paper analyzes the impact of the convergence to the international accounting standards on the quality of accounting information in Brazil. Particularly, the study verifies the impact of the adoption of the IFRS on the bias of estimates of market analysts. The study analyzed 128 companies in the Brazilian capital market, excluding the financial companies, from 2006 to 2012. The methodology used was the panel data analysis. The results of the work indicate that along the period analyzed, the forecast bias of the estimates of market analysts was positive with increase of the forecast bias in the period of partial adoption and significant reduction in the period of mandatory adoption of the IFRS in Brazil
关键词：Quality of accounting information. IFRS. Forecast bias