A influência do conservadorismo, do viés do otimismo e do excesso de confiança e da crise econômica sobre o disclosure de informações de ativos biológicos

Abstract

The objective of this research was to investigate the influence of conservatism, optimism bias and overconfidence, and the economic crisis on the disclosure of information on biological assets. The theoretical framework of the research was based on the subjectivity involved in the assessment of biological assets made by the third level of the fair value hierarchy, which can allow optimistic and overconfident managers to manage hese assets in a riskier manner during periods of crisis, resulting in less relevant information for users of accounting information. To this end, a sample composed of 12 companies that have biological assets listed on B3 for the period between 2016 and 2023 was analysed. The economic and financial data were obtained through the ComDinheiro® database, in addition to those from management reports and expllanatory notes, all collected directly from the investor relations websites of each firm in the sample for the period analyzed. The results suggest that optimistic and overconfident managers were more likely to influence a higher level of conditional conservaism during the period of economic crisis, which positively impacted the level of disclosure of biological assets. Thus, the results contribute to better understanding of the relationship between the bias of optimism and overconfidence, and the degree of conditional conservatism during the COVID-19 pandemic with the level of disclosure of biological assets, highlighting how these variables can influence the preparation of accounting information, as weel as encouraging new research.