Estudo dos reflexos provocados pela convergência contábil na estrutura de capital no segmento de serviços financeiros diversos

Abstract

With the globalization of the economy, it is necessary that the accounting language get its structure. Alongside to this, under the intention of putting our country in this accounting standards, was created the Law 11.638/07 and the Provisory Law No. 449/08 which later was converted into the Law n.11.941/09 which brought changes in the structure of companies' financial statements. This new legal institution allowed Brazil to apply suit onto International Accounting Standards. With this internationalization and changes, the obvious question is to study whether this new way of looking statements also changed the way we see the sources of financing for companies, the so- called capital structure. Thus, we sought to examine whether the changes under the adoption of the International Accounting Standards, can influence the capital structure of companies. This study was carried through the analysis of financial data focused on companies in the “Novo Mercado” segment of the Financial Services Several listed on BM & F Bovespa. It was noted that the capital structure of listed companies have not changed in its composition, but the values of the Non-Current Liabilities and Equity Balance Sheet increasing.