ABSTRACT
The accounting conservatism has influenced the decisions of the companies. In the international context, government intervention in the activity of business is strongly observed, as claimed by some authors. In the Brazilian context, and the influence of accounting conservatism companies are influenced by the legal-cultural structure code law. From this perspective, this study seeks to analyze whether Brazilian state-owned enterprises would be more conservative than non-state enterprises in Brazil, from the perspective of Basu model (1997) which defines conservatism as the degree of asymmetric market recognition for good and bad news. This hypothesis stems from international evidence that state-owned enterprises have incentives to provide greater results as a way to demonstrate a good government image. As methodological strategy this research adopted the model of Basu (1997), adapted to Brazilian companies in the 2010-2013 period, with the adoption of descriptive statistics and quantitative method, and the data collected from Economática® software database. The main results were: could accept the hypothesis that state enterprises are less conservative than the other companies of BM & F Bovespa, while companies listed on the BM & F Bovespa, do not recognize the good news faster than the bad news; there was conservatism in companies that have published information in accordance accounting standards required from the Law 11.638/08, between the period 2010 to 2013, with a statistically significant 10%; among other results.
Keywords:
State-owned Enterprises; Accounting Conservatism; Model of Basu