Evidenciação voluntária: fatores explicativos da extensão da informação sobre recursos intangíveis

Macagnan, Clea Beatriz

doi:10.1590/s1519-70772009000200004

Cited by 36 publications

(80 citation statements)

References 21 publications

(5 reference statements)

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“…Studies such as those by Chow and Wong-Boren (1987), Raffounier (1995), Gray, Meek and Roberts (1995), Meek, Roberts and Gray (1995), Williams (2001) and Macagnan (2005Macagnan ( , 2007Macagnan ( , 2009 suggest certain factors of a company, such as size, debt, profitability, degree of monopoly and market-to-book ratio, that may motivate managers to voluntarily disclose or withhold information. In other words, managers' decisions to voluntarily reveal or conceal information may be related to the economic characteristics of the company.…”

Section: Literature Reviewmentioning

confidence: 99%

“…On the other hand, the proprietary costs theory opposes it by raising this question: why do companies not fully disclose information to gain the greatest possible benefits? (Verrecchia, 1983;Dye, 1986;Wagenhofer, 1990;Macagnan, 2005Macagnan, , 2007Macagnan, , 2009. According to the proprietary costs theory, the higher the level of company information disclosure is, the higher the costs become (Wagenhofer, 1990).…”

Section: Literature Reviewmentioning

confidence: 99%

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Factors explaining the level of voluntary human capital disclosure in the brazilian capital market

Fontana

Macagnan

2013

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This paper presents a study on factors explaining the level of voluntary human capital information in companies with shares in the Brazilian stock exchange. Assuming the existence of information asymmetry between managers and shareholders, agency theory states that disclosure might lead to a reduction in agency costs. The proprietary costs theory indicates that information disclosure might increase the company's costs. According to these theories, the likelihood that the managers will voluntarily disclose information depends on certain factors that are characteristic of the company. Understanding the disclosure of information regarding intangible assets, specifically human capital, has strategic relevance for enterprises because these features, although not always recorded in accounting, represent a competitive business edge in the current economy. Design/methodology/approach: The study examined 145 annual reports, representing 29 companies in the period of 2005-2009. The level of voluntary disclosure was determined through content analysis of annual reports using representative indicators of human capital information. Findings: The statistical results indicate that factors such as size, debt, growth and time of registration with the Brazilian Securities and Exchange Commission explain the level of voluntary human capital disclosure of the companies studied. Originality/value: An important contribution of this research is the formulation and non-repudiation of the time of registration with the CVM hypothesis as a factor that-305-Intangible Capital-http://dx.doi.org/10.3926/ic.315 explains the level of human capital disclosure because none of the revised studies have tested this hypothesis.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Factors explaining the level of voluntary human capital disclosure in the brazilian capital market

Fontana

Macagnan

2013

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“…Based on Elliott & Jacobson (1994) and Healy & Palepu (2001), Macagnan (2009) stated, "The signaling of a firm's differences in relation to possible future gains is a positive motivation for managers to disclose information. The threat of litigation is another motivation for managers to increase or decrease the level of disclosure, due to the possibility of lawsuits by investors for inadequate disclosure, untimely disclosure or nondisclosure."…”

Section: Fiscal Contingenciesmentioning

confidence: 99%

Fiscal Contingencies due to Changes in the Method of Calculating the PIS and COFINS Levies in Brazil

Martinez

Sonegheti²

2015

jmr

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This paper studies the effects of change in the method of calculating the PIS and COFINS in the disclosure of tax contingencies. The tax contingencies in general, including contingencies related tax contributions, must be evidenced in financial statement notes, in accordance with established accounting criteria for this purpose. In this context, this study analyzes the disclosure level of Brazilian companies reporting in the financial statement notes to the tax contingent assets and liabilities, especially with regard to non-cumulative PIS and COFINS, and what its features. To assess the level of disclosure of contingencies it applied a Probit model in which it tried to identify the determinants of disclosure level. The results suggest that the majority of the firms analyzed, although they have fiscal contingencies related to PIS and COFINS, do not explain the nature of the respective accounting figures in financial statement notes, so they are not being transparent to investors in this respect.

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“…Assim, no presente trabalho foram testadas as hipóteses apresentadas a seguir, dentro da metodologia desenvolvida por Macagnan (2009), com adaptações. Assim, supõe-se que a evidenciação sobre partes relacionadas correlaciona-se com as variáveis explicativas a seguir, resumidas no quadro 1: H 1 ► positivamente com o tamanho da empresa: em teoria, as grandes empresas possuem mais partes relacionadas, maior número de contratos, projetos, atividades, produtos e financiamentos, portanto, maior demanda informativa.…”

Section: Identificação Das Variáveis Explicativasunclassified

Fatores que Favorecem a Compreensão da Extensão da Divulgação sobre Partes Relacionadas – Estudo nas Companhias Listadas no Novo Mercado da BM&FBovespa

Magalhães¹,

Pinheiro²,

Lamounier³

2012

SCG

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A divulgação disponibilizada ao público usuário pelas empresas é fator fundamental do processo decisório. Este estudo, partindo da teoria da divulgação e da importância da redução da assimetria entre administradores e investidores, pesquisou fatores que seriam capazes de influenciar na extensão da divulgação sobre partes relacionadas nas notas explicativas das empresas listadas no Novo Mercado da BM&FBovespa – segmento de onde são prometidas melhores práticas de governança corporativa. Atribuindo-se pontuação às divulgações encontradas nas Demonstrações Contábeis encerradas em 31/12/2010 procurou-se relacionálas com potenciais fatores explicativos como tamanho da empresa, resultado da equivalência patrimonial, setor de atuação e tempo de existência da empresa. Foram aplicadas técnicas estatísticas sendo possível inferir que a explicação para maiores ou menores níveis de evidenciação advém, em parte, do tempo de existência da companhia no mercado empresarial. Percebeu-se também que empresas do setor de bens de consumo cíclicos apresentam maior divulgação se comparada ao nível de divulgação das empresas do setor de construção e transportes. Concluiu-se ainda que não existem evidências estatísticas de influência sobre a divulgação de partes relacionadas de fatores como o tamanho da empresa e o resultado da equivalência patrimonial. Destaca-se a percepção de que, das demonstrações encerradas em 31/12/2010 pelas empresas pertencentes ao Novo Mercado da BM&FBovespa, nenhuma apresentou na íntegra as determinações de divulgação sobre partes relacionadas, da forma exigida pelo CPC 05, aprovado pela deliberação CVM n° 642/2010.

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Evidenciação voluntária: fatores explicativos da extensão da informação sobre recursos intangíveis

Cited by 36 publications

References 21 publications

Factors explaining the level of voluntary human capital disclosure in the brazilian capital market

Factors explaining the level of voluntary human capital disclosure in the brazilian capital market

Fiscal Contingencies due to Changes in the Method of Calculating the PIS and COFINS Levies in Brazil

Fatores que Favorecem a Compreensão da Extensão da Divulgação sobre Partes Relacionadas – Estudo nas Companhias Listadas no Novo Mercado da BM&FBovespa

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