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Determinants of asymmetric loss recognition timeliness in public and private firms in Brazil

Antonio Carlos Coelho (), Fernando Caio Galdi and Alexsandro Broedel Lopes

Emerging Markets Review, 2017, vol. 31, issue C, 65-79

Abstract: We investigate the determinants of asymmetric loss recognition timeliness (ALRT) for public and private firms in Brazil. We complement Ball and Shivakumar (2005) by investigating ALRT in Brazil where, unlike in the UK setting, equity markets do not provide the adequate incentives for high quality financial reporting. In Brazil, even listed public companies do not face the same institutional environment of the British firms. Using a unique database of Brazilian public and private firms we document that Brazilian public and private firms present similar ALRT, different from the evidence that Ball and Shivakumar (2005) reported for the UK.

Keywords: Earnings quality; Loss recognition; Private firms; Emerging markets; Brazil (search for similar items in EconPapers)
JEL-codes: M41 K22 N26 (search for similar items in EconPapers)
Date: 2017
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