Abstract
This study analyzes conditional conservatism in regulatory and corporate financial statements of Brazilian electrification cooperatives, using data from ANEEL (2011-2022) from 36 cooperatives. The Ball and Shivakumar (2005) model of conditional conservatism was applied using fixed-effects regressions. The results showed significant differences: the regulatory standard presented a more optimistic perspective, while the corporate standard was more conservative. The quality of accounting information varies according to the accounting standard, impacting the perception of conservatism. This study is useful for regulators and cooperatives, expanding the understanding of the quality of accounting information in electrification cooperatives.
Keywords: Electrification Cooperatives; Conditional Conservatism; Economic Regulation; Corporate Standard; Regulatory Standard.