O impacto da convergência das normas contábeis nos indicadores econômico-financeiros de empresas brasileiras listadas na NYSE

Abstract

The globalization of accounting information and the increased integration of world economies brought the need of an accounting harmonization, through the creation of an international standard, whose the main objective is to provide criteria of comparability, transparency and effectiveness among users of different nations. Therefore, this study aimed to verify whether there are differences in the economic and financial ratios presented by the Brazilian companies listed on the stock exchanges at different countries. To achieve the main objective, the Brazilian companies with stocks in the New York Stock Exchange (NYSE) and BM&FBOVESPA were identified; the financial statements from 2015 published by companies and the stock prices in both financial markets were collected; the performance indicators were calculated and compared; and finally, the reasons for the differences found were identified. As methodology, it was conducted an exploratory study through the analysis of documents. It was found that factors, which influenced the differences on the financial and market ratios, came from different accounting standards on the published financial statements by the same company at different markets and different stock quotes. It was also observed that after the convergence to the international standards, the informational asymmetry decreased considerably, with only one company that presented differences in all ratios that were analyzed.