Cordial Saludo,

Se comunica que la presentación de Nicolás Grau que fue cambiada para el VIERNES 4 DE MAYO, será finalmente realizada el VIERNES 11 de MAYO debido a razones de fuerza mayor para el Prof. Grau.

Este  VIERNES 4 DE MAYO, se llevará a cabo la presentación de MAURICIO JARA, cuya información se presenta a continuación:

Los títulos, autores y resumen de la presentación son los siguientes:

Título: "IFRS adoption, Accounting Conservatism of Earnings and uInstitutional Investors: Evidence from Latin America”

Autores: Adriana Cabello, Mauricio Jara y Harold López

Presenta: Mauricio Jara

Abstract. Using a sample of listed firms for five Latin American countries, we analyze the relation between IFRS mandatory adoption and conditional conservatism of earnings. We find evidence that IFRS adoption boosts earnings conservatism. This result is robust and heterogeneous. We find that the impact of IFRS adoption is higher for low-earnings-quality firms and for firms with high levels of investment opportunities. We also analyze the moderating role of institutional investors. Our results suggest that the effect of IFRS adoption is stronger in firms with lower levels of institutional investors (lower monitoring). As result, IFRS adoption in Latin America has enhanced comparability of financial information both across and within countries. Moreover, we also analyze the effect of IFRS adoption over the quality of accounting earnings. Our results suggest that IFRS adoption reduce the volatility of earnings estimation errors. Finally, in consistency with monitoring, we find that the effect of IFRS on earnings quality is less pronounced in firms with high levels institutional investors.

El seminario se llevará a cabo a las 13:00 horas en la sala T1605 de la FEN, se solicita confirmar asistencia con Pamela Fuentes (pamfuent@fen.uchile.cl), a más tardar el día jueves 3 de mayo de 2018 a las 13 horas, ya que el seminario contempla almuerzo.

Quienes deseen inscribir presentaciones para futuras sesiones, por favor dirigirse a Vivian Norambuena y a Emilia Brito a correo: vnorambuen@fen.uchile.cl y ebrito@fen.uchile.cl 

Atentos saludos,

Dirección de Investigación FEN