IMPACT OF MACROECONOMIC VARIABLES ON THE COMPONENTS OF FINANCIAL STATEMENTS OF LATIN AMERICAN PUBLIC COMPANIES

Autores/as

  • Rafael Martins Noriller Doutorando em Ciências Contábeis pelo PPGCont da Universidade de Brasília; Professor da FACE da Universidade Federal da Grande Dourados
  • César Augusto Tibúrcio Silva Doutor em Controladoria e Contabilidade pela Universidade de São Paulo; Professor do Departamento de Ciências Contábeis da Universidade de Brasília

DOI:

https://doi.org/10.4270/ruc.2019319

Palabras clave:

Macroeconomic Indicators, Financial Statements, Latin American Companies.

Resumen

This study (i) measures the causal relationship between macroeconomic indicators and the financial statements of Latin American public companies, (ii) and determines the relationship between components of financial statements of Latin American public companies and their respective lagged variables. To carry out the study, estimates GMM of Arellano and Bond and GMM System were adopted, with secondary data extracted from Thomson Reuters Eikon and Word Bank. From the estimates, which had a sample of 150 companies, identified the causal relationships (i) of the Exchange Rate in Total Assets, Net Revenue and Equity, (ii) of the GDP in Equity and Net Income, (iii) and Net Income with its first lag. Thus, this research advances the literature by demonstrating the influence of macroeconomics, in a different way, on the components of financial statements.

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Biografía del autor/a

Rafael Martins Noriller, Doutorando em Ciências Contábeis pelo PPGCont da Universidade de Brasília; Professor da FACE da Universidade Federal da Grande Dourados

Doutor em Ciências Contábeis - UnB

Docente FACE-UFGD

César Augusto Tibúrcio Silva, Doutor em Controladoria e Contabilidade pela Universidade de São Paulo; Professor do Departamento de Ciências Contábeis da Universidade de Brasília

Doutor em Controladoria e Contabilidade - USP

Docente - UnB

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Publicado

2020-09-02

Cómo citar

Noriller, R. M., & Silva, C. A. T. (2020). IMPACT OF MACROECONOMIC VARIABLES ON THE COMPONENTS OF FINANCIAL STATEMENTS OF LATIN AMERICAN PUBLIC COMPANIES. Revista Universo Contábil, 15(3), 47–60. https://doi.org/10.4270/ruc.2019319

Número

Sección

Sección Nacional