Análise dos efeitos dos instrumentos financeiros no conservadorismo contábil em bancos brasileiros

Conditional Conservatism has historically been defined as one of the principles of Accounting. However, the registration of Financial Instruments (FI) by Fair Value measure is not considered conservative. This paper investigates the effects of FI on the Conservatism of Accounting Information of Brazilian banks, which are institutions with high FI values. We collect data from the website of the Central Bank of Brazil, from 2009 to 2019. We segregate observations according to decile analysis, according to IF values. We analyze groups with lower and higher IF values by using dummy variables and interactions to original variables of Cunha et al. (2016) model. The results indicate that banks with lower IF values are conservative and those with higher IF values are not conservative.