Excesso de confiança. Expertise financeira. Qualidade da evidenciação contábil.


Objective: The research seeks to analyze the moderating effect of financial expertise of the board of directors in the relationship between executives' overconfidence and the quality of accounting disclosure.
Method: A documentary research was carried out, considering data related to the period from 2011 to 2017, and the application of statistical techniques of correlation and multiple linear regression. The sample consists of 146 publicly-held companies with data available to operationalize the variables.
Findings: The results revealed that in companies where the board of directors has financial expertise, executives' overconfidence is minimized. Financial expertise moderates positively the relationship between overconfidence and the quality of accounting disclosure. In general, the results suggest that the financial knowledge of the board of directors reflects on the quality of accounting disclosure, even if the executive denotes overconfidence and minimizes the quality of accounting disclosure.
Contribution: The study contributes to helps investors and accounting regulators to understand how the personality traits of executives and the knowledge of the board of directors can interfere in the quality of accounting reports.


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Author Biographies

Micheli Aparecida Lunardi, Universidade Regional de Blumenau

Doutoranda em Ciências Cotábeis e Administração 

Programa de Pós Graduação em Ciências Contábeis

Universidade Regional de Blumenau - FURB

Ilse Maria Beuren, Universidade Federal de Santa Catarina - UFSC

Doutora em Controladoria e Contabilidade pela FEA/USP

Professora do Programa de Pós-Graduação em Contabilidade da

Universidade Federal de Santa Catarina - UFSC

Roberto Carlos Klann, Universidade Regional de Blumenau - FURB

Doutor em Contabilidade e Administração pela FURB

Professor do Programa de Pós-Graduação em Ciências Contábeis da


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How to Cite

Lunardi, M. A., Beuren, I. M., & Klann, R. C. (2021). MODERATING EFFECT OF FINANCIAL EXPERTISE ON THE RELATIONSHIP BETWEEN OVERCONFIDENCE AND QUALITY OF ACCOUNTING DISCLOSURE. Advances in Scientific and Applied Accounting, 14(1), 003–021 / 022.




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