| Revista: | BAR - Brazilian Administration Review |
| Base de datos: | CLASE |
| Número de sistema: | 000411683 |
| ISSN: | 1807-7692 |
| Autores: | Murcia, Fernando dal Ri1 Santos, Ariovaldo dos1 |
| Instituciones: | 1Universidade de Sao Paulo, Sao Paulo. Brasil |
| Año: | 2012 |
| Periodo: | Ene-Mar |
| Volumen: | 9 |
| Número: | 1 |
| Paginación: | 88-109 |
| País: | Brasil |
| Idioma: | Inglés |
| Tipo de documento: | Revisión bibliográfica |
| Enfoque: | Descriptivo |
| Resumen en inglés | 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 |
| Disciplinas: | Administración y contaduría, Economía |
| Palabras clave: | Mercadotecnia, Empresas, Mercado de valores, Bolsa de Valores de Sao Paulo, Divulgación, Información empresarial, Brasil |
| Texto completo: | Texto completo (Ver PDF) |
