A relevância da divulgação de informações contábeis sobre os estoques

Abstract

The disclosure of accounting information is considered a relevant feature for the financial statements in the market in which the companies are inserted, and is also an important source of information to guide investment and stakeholder decisions. Given this context, it will be analyzed what the effect of the disclosure of information on inventories for market value of Brazilian companies. Only companies that have inventories in their activities were selected, as they intend to ensure that these companies have minimum levels of assets. Thus, there are a total of 55 companies represented by the sectors: industrial goods, cyclical consumption and non-cyclical consumption. The study period covers the years 2002 to 2018 and, depending on the nature of the data, this work will make use of panel data regression. In general, as of 2010, there was an increase in information disclosed about inventories. The results show that there is a tendency for disclosure about stocks to present itself positively to the market - which reveals the market's attention to the information transmitted by stocks. They also confirm the hypothesis that the disclosure of information about stocks is positively related to the market. In this way, inventory disclosure is a determining factor for financial statements. But, despite the relevance of inventories, many companies still do not fully disclose information, as required by accounting standards. It is also noted that the disclosure of information about inventories at the time of the preparation of the financial statements generates a direct impact on the company's value allocation when there is a loss in the period.