Demonstração do resultado abrangente: um estudo sobre a relação com o preço das ações das empresas listadas na B3

Abstract

As of Law 11.638/2007 a new phase in Brazilian accounting began. The focus became the users of the financial statements, promoting the standardization of accounting information, encouraging transparency, improving the security of investors. The release of CPC 26 (R1) - Presentation of Financial Statements, on 12/15/2011, added to the list of mandatory financial statements the Statement of Income (DRA) individually, which was previously part of the Statement of Changes in Equity (DMPL). The DRA then gained prominence and studies began to evaluate whether the presentation of this statement presents gains in relation to the share price, as well as its predictive value for making investment decisions. The focus of the present study was to verify whether the stock price changes depending on the amounts disclosed as Other Comprehensive Results. Through a descriptive study, with a quantitative approach, it was concluded that the existing relationship despite existing and slight and makes it difficult to infer a direct relationship, either by limiting the sample to companies listed on B3, Novo Mercado sector, 305 companies and only 262 companies with comprehensive results disclosed between 2018 and 2020, either by the short time for increasing the sample. However, in addition to the slight positive relationship, the analysis pointed out that the higher the value of the other comprehensive results disclosed, the greater the influence on the share price of the companies involved