O efeito das informações contábeis no mercado de capitais: um estudo bibliométrico no período de 2009 a 2022

Abstract

Since the 1929 crisis, there has been significant evolution in the understanding and analysis of stocks, marked by the development of the valuation concept and more precise methods for its examination. This study builds upon research initiated by Ball and Brown in the 1960s, exploring the relationship between stock prices and accounting information. Thus, this work addresses the growing relevance of accounting information in contemporary society, especially in the context of increased public interest in financial matters and investments. The main objective is to analyze articles published in selected journals to examine the approach regarding the relationship between the impact of accounting information and the value of companies' stocks in the capital market. The methodology involves analyzing articles in national journals in Management, Accounting, and Tourism, classified according to Qualis/CAPES. The search for articles was guided by specific keywords (Capital Market, Financial Market, Stock Market, Stocks, Accounting Information, Reaction to News), resulting in 85 selected articles for analysis. Journal analysis revealed significant trends, such as the prevalence of empirical articles, emphasizing the importance of investigations based on direct observations to comprehend the complexity of these relationships. The distribution by journal and Qualis/CAPES stratum highlighted a concentration in high-quality journals, such as the Journal of Accounting and Finance. The results indicate a predominance of articles written by male authors affiliated with the University of São Paulo (USP). Most analyzed articles (62 articles) were published after 2015, suggesting a continuous increase in academic production on the topic. The findings point to a positive market reaction to accounting information, underscoring the importance of such information in financial decision-making.