The conservatism as a cultural value that underlies the financial reporting: empirical evidence from listed companies in European regulated markets.

• Fabio Albuquerque ^[1] ; Nuno Rodrigues ^[1] ; Joaquín Texeira-Quirós ^[1] ; Maria do Rosário Fernandes Justino ^[1]
  1. [1] Instituto Politécnico de Lisboa

     Instituto Politécnico de Lisboa

     Socorro, Portugal

     
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 64, Nº. 2, 2019
• Idioma: inglés
• Títulos paralelos:
  • El conservadurismo como valor cultural que subyace a la información financiera: evidencia empírica de las sociedades cotizadas en los mercados regulados europeos.
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Este artículo pretende evaluar la existencia de variables confirmatorias de conservadurismo basadas en las revelaciones realizadas en el informe financiero. Los datos se recogieron de los informes anuales y de las cuentas de 2013 y 2014 revelados por 137 entidades (grupos no financieros) cotizados en los índices bursátiles de la Unión Europea (UE): Portuguese Stock Index (PSI)-20, Iberian Index (IBEX)-35, Financial Times Stock Exchange (FTSE)-100, German Stock Index (DAX)-30 e Stockholm Stock Exchange (OMX)-S30. El análisis de contenido se utilizó como metodología. Después de aplicar modelos de regresión lineal múltiple, los hallazgos indican que la evaluación del conservadurismo basado en la relevancia es consistente con las asociaciones sugeridas en la literatura. Una de las principales contribuciones de esta investigación es la consideración del impacto de la cultura en la información financiera, a saber, a través de la propuesta de una nueva representación para la medición del conservadurismo basada en el informe financiero.

  • English

    This paper intends to assess the existence of confirmatory variables of conservatism based on the disclosures made in the financial report. Data were collected from the annual accounts for 2013 and 2014 disclosed by 137 listed entities (non-financial groups) in the European Union (EU) stock indexes: Portuguese Stock Index (PSI)-20, Iberian Index (IBEX)-35, Financial Times Stock Exchange (FTSE)- 100, German Stock Index (DAX)-30 e Stockholm Stock Exchange (OMX)-S30. The content analysis was used as a methodology. After applying multiple linear regression models, the findings indicate that the assessment of the conservatism based on relevance is consistent with the associations suggested in the literature. One of the main contributions of this research is the consideration of the impact of culture on financial reporting, namely through the proposal of a new proxy for the measurement of conservatism based on the financial report.

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