| Journal: | BAR - Brazilian Administration Review |
| Database: | CLASE |
| System number: | 000411683 |
| ISSN: | 1807-7692 |
| Authors: | Murcia, Fernando dal Ri1 Santos, Ariovaldo dos1 |
| Institutions: | 1Universidade de Sao Paulo, Sao Paulo. Brasil |
| Year: | 2012 |
| Season: | Ene-Mar |
| Volumen: | 9 |
| Number: | 1 |
| Pages: | 88-109 |
| Country: | Brasil |
| Language: | Inglés |
| Document type: | Revisión bibliográfica |
| Approach: | Descriptivo |
| English abstract | The primary objective of this paper is to identify the factors that explain Brazili an companies‟ level of voluntary disclosure. Underpinning this work is the Discretionary - based Disclosure theory. The sample is composed of the top 100 largest non - financial companies listed in the Bolsa de Valores de São Paulo (Brazilian Securities, Commodities, and Futures exchange - BOVESPA). Information was gathered from Financial Statements for the years ending in 2006, 2007, and 2008, with the use of content analysis. A disclosure framework based on 27 studies from these ye ars was created, with a total of 92 voluntary items divided into two dimensions: economic (43) and socio - environmental (49). Based on the existing literature, a total of 12 hypotheses were elaborated and tested using a panel data approach. Results evidence that: (a ) Sector and Origin of Control are statistically significant in all three models tested: economic, socio - environmental, and total; ( b ) „Profitability‟ is relevant in the economic model and in the total model; ( c ) Tobin‟s Q is relevant in the socio - environmental model and in the total disclosure model ; ( d ) Leverage and Auditing Firm are only relevant in the economic disclosure model; ( e ) Size , Governance , Stock Issuing , Growth Opportunities and Concentration of Control are not statistically signific ant in any of the three models |
| Disciplines: | Administración y contaduría, Economía |
| Keyword: | Mercadotecnia, Empresas, Mercado de valores, Bolsa de Valores de Sao Paulo, Divulgación, Información empresarial, Brasil |
| Full text: | Texto completo (Ver PDF) |
