Divulgação em demonstrações financeiras de companhias abertas

Falcão, Eduardo H.L.

doi:10.1590/s1413-92511995000100003

Cited by 7 publications

(5 citation statements)

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“…Prior studies about voluntary disclosure point out that in Brazil, this kind of information is not yet high, but has quite grown in the last decades (BEUREN, 1991;FALCÃO, 1995). On the other hand, there are also researches that indicate that Brazilian companies little disclose, in addition to strictly required by law (MAFRA;NESS Jr., 2002;PONTE;OLIVEIRA, 2004).…”

Section: Introductionmentioning

confidence: 99%

Characteristics of companies that influence their voluntary disclosure of performance indicators

Klann¹,

Beuren²

2011

BBR

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The purpose of the study is to analyze whether characteristics such as size, activity sector and economic-financial performance influence companies to disclose accounting performance indicators in the form of voluntary disclosure in their annual reports. A descriptive research with quantitative approach was conducted through Standardized Financial Statements (DFPs) of 2008 of 90 companies listed in the New Corporate Governance Market of BM&FBovespa. Having as a reference the research of Watson, Shrives and Marston ( 2002), based on these statements, performance indicators related to Agency and Signaling Theory and voluntary disclosure were calculated. Considering the dichotomous nature (yes/no) of the dependent variable (disclosure of accounting indicators), and the fact that independent variables (profitability and return on investment, leverage, liquidity, efficiency and activity sector) contain so many categorical data such as value, Watson, Shrives and Marston (2002) used Stepwise Logistic Regression to test research hypotheses, which was also used in this study, to determine which independent variables explain disclosure better. It is concluded that some variables can, in a way, influence voluntary disclosure, even though no sufficiently strong statistical relations have been found. The most significant variables presented by the logistic regression model were the activity sector and operating margin when only some industry groups are analyzed.

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Section: Introductionmentioning

confidence: 99%

Characteristics of companies that influence their voluntary disclosure of performance indicators

Klann¹,

Beuren²

2011

BBR

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“…Os autores destacam que as etapas 1 e 2 constituem o processo de medição contábil enquanto que as etapas 3 e 4 constituem o disclosure, ou "a comunicação de medições e informações contábeis e financeiras ao usuário da informação a fim de facilitar sua tomada de decisão" (p. 300). Falcão (1993) (1998, p. 44) chegam a afirmar que "investidores racionais, percebendo os potenciais riscos, evitam assumir posição acionária em companhias cuja quantidade e qualidade de abertura de informações é consistentemente abaixo das expectativas".…”

Section: Delimitaçãounclassified

Relação entre disclosure e governança corporativa das empresas brasileiras

Lanzana¹

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Disclosure has a key role regarding the functioning of the capital markets, being essential to support an adequate evaluation of the investment opportunities by the economic agents, by reducing information asymmetry. Literature shows that several factors affect disclosure level decisions and, considering that in Brazil the main agency conflict occurs between controlling and minority shareholders, it is reasonable to consider that corporate governance characteristics may represent an explaining factor of disclosure decisions. This paper intended to detect the relation between corporate governance and disclosure using Ordinary Least Square regression method, as well as Tobit model, for the year 2002. Disclosure was used as the dependent variable (a disclosure index was specially elaborated for this research) and five corporate governance variables were used, two related to ownership structure, which are control rights (BLOC) and difference between control and cash flow rights held by controlling shareholders; as well as three variables related to the board of directors, which are size (CONS), independence (INDEP) as well as presence of the chairman of the board being the president of the company (PRES). Relation between disclosure and corporate governance in principle is uncertain and it is assumed that it can be complementary or substitute, in order to identify whether in a environment of weak monitoring of managers and controlling shareholders companies would be motivated to be more transparent (to compensate for an inadequate corporate governance level), or the opposite (companies would be less transparent because they would not have incentives to disclose information). Results for DIF variable supported the substitute effect, while results for INDEP variable in the Tobit models confirmed the complementary effect, showing that the level of board independence is relevant for companies which are not transparent start to be. The other corporate governance variables in general were not statistically significant. Additionally, a sample of companies who raised resources in the market was selected and, in general, results were similar. Regarding control variables, it was detected that companies with controlling shareholders being domestic and private, bigger companies, with higher financial leverage, better valuation and better performance tend to be more transparent. This paper aimed to contribute for the discussion on the subject given the lack of research in the Brazilian context. The search for an ideal disclosure level as well as good corporate governance standards (protecting investors against expropriation) seek to contribute for the economical and institutional development of the country.

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“…Por isso, foram desenvolvidas as notas explicativas, que têm como objetivo complementar as informações lançadas nas demonstrações contábeis (Falcão, 1995).…”

Section: Notas Explicativasunclassified

Mudanças Produzidas Pela CPC 06 – Resolução 02/2019 Nas Notas Explicativas Das Empresas Do Setor Do Agronegócio Listadas Na B3

Orth

Correa

Silva

et al. 2022

GEDECON

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Devido a interação com as normativas internacionais, o Brasil vem divulgando as modificações movidas pelo processo de adaptação nas diligências de leis e normativas, esse recurso visa padronizar os lançamentos e métodos de análise referente aos dados contábeis. Este estudo analisa o comportamento das empresas do setor do agronegócio listadas na B3 frente às mudanças introduzidas pelo CPC 06 – Resolução 02/2019 no tocante à divulgação de notas explicativas. Para tanto, realizou-se pesquisa qualitativa e descritiva, que se constitui em estudo de caso com coleta de dados por pesquisa documental. A amostra compõe-se de cinco empresas cujas demonstrações contábeis foram analisadas a partir de um check list adaptado a partir de Moura (2017). As notas explicativas tem o intuito de auxiliar as demonstrações contábeis visando uma especificação ampla e abrangente sobre o fato demonstrado. A partir da análise realizada, os resultados apontam que as empresas dividem-se em dois grupos: as que avançaram no cumprimento da nova normativa e as que registram índice de evidenciação pouco abaixo de 50%, o que significa negligência na divulgação de diversos fatos contábeis, essa falta de informações alocadas nas demonstrações acaba dificultando a avaliação de futuros acionistas e até mesmo afugentando os atuais. Essa escassez de informações além de deter a qualificação das demonstrações também pode camuflar fatos ilícitos ou improcedentes, deixando os acionistas a mercê de informações inconfidentes.

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Divulgação em demonstrações financeiras de companhias abertas

Cited by 7 publications

References 0 publications

Characteristics of companies that influence their voluntary disclosure of performance indicators

Characteristics of companies that influence their voluntary disclosure of performance indicators

Relação entre disclosure e governança corporativa das empresas brasileiras

Mudanças Produzidas Pela CPC 06 – Resolução 02/2019 Nas Notas Explicativas Das Empresas Do Setor Do Agronegócio Listadas Na B3

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