Análise da estrutura de capital de empresas do setor de energia elétrica listadas no novo mercado BM&FBovespa diante da convergência às normas internacionais de contabilidade de 2005 a 2010

Abstract

The difficult among investors, public agencies, financial institutions and other users of accounting information to compare the financial results of companies in different countries has brought in accounting practices worldwide. In Brazil, there were also considerable changes at Brazilian accounting standard in order to converge and align with the international accounting standards. The present job aims to analyze the accounting information of companies operating in the Brazilian energy sector of the new market from 2005 to 2010 listed on Bovespa, ascertaining possible changes at their capital structure since the convergence to the International Accounting Standards. Considering that the capital structure is an important index analyzed by the users of these informations to make decisions of investment, lending or fundraising. After analysing the results, it was concluded that the changes at the Brazilian Accounting Standards after converging to the International Accounting Standards by Law 11.638/07 did not impact the financial indexes of the capital structure of the companies in the electricity sector belonging to the sample of the research.