Characteristics of companies that influence their voluntary disclosure of performance indicators
Autor(a) principal: | |
---|---|
Data de Publicação: | 2011 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng por |
Título da fonte: | BBR. Brazilian Business Review (English edition. Online) |
Texto Completo: | http://www.bbronline.com.br/index.php/bbr/article/view/308 |
Resumo: | 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 disclosurein 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 (disclosureof 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. |
id |
FBS-1_cdd8a5576b89f62c62cf0f1b932be037 |
---|---|
oai_identifier_str |
oai:ojs.pkp.sfu.ca:article/308 |
network_acronym_str |
FBS-1 |
network_name_str |
BBR. Brazilian Business Review (English edition. Online) |
repository_id_str |
|
spelling |
Characteristics of companies that influence their voluntary disclosure of performance indicatorsCaracterísticas de empresas que influenciam o seu disclosure voluntário de indicadores de desempenhoVoluntary disclosureperformance indicatorsagency theorysignaling theoryDisclosure voluntárioindicadores de desempenhoteoria da agênciateoria da sinalizaçãoThe 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 disclosurein 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 (disclosureof 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.O estudo objetiva analisar se características como tamanho, setor de atividade e desempenho econômico-financeiro influenciam as empresas a divulgarem indicadores de desempenho contábeis na forma de disclosure voluntário em seus relatórios anuais. Pesquisa descritiva com abordagem quantitativa foi realizada por meio das Demonstrações Financeiras Padronizadas do ano de 2008 de 90 empresas listadas no segmento do Novo Mercado de Governança Corporativa da BM&FBovespa. Tendo como referência a pesquisa de Watson, Shrives e Marston (2002), foram calculados indicadores de desempenho relacionados com as Teorias da Agência e da Sinalização e o disclosure voluntário. Foi utilizada a regressão logística para estabelecer quais variáveis independentes melhor explicam o disclosure de indicadores contábeis. Conclui-se que algumas variáveis podem, de certo modo, influenciar o disclosure voluntário, ainda que não tenham sido encontradas relações estatísticas suficientemente fortes. As variáveis mais significativas apresentadas pelo modelo de regressão logística foram o setor de atividade e a margem operacional quando analisados apenas alguns grupos de indústria.FUCAPE Business Shool2011-04-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionPeer-reviewed ArticleArtigo revisado pelos paresapplication/pdfapplication/pdfhttp://www.bbronline.com.br/index.php/bbr/article/view/30810.15728/bbr.2011.8.2.5Brazilian Business Review; Vol. 8 No. 2 (2011): April to June 2011; 92-113Brazilian Business Review; v. 8 n. 2 (2011): Abril a Junho de 2011; 92-1131808-23861807-734Xreponame:BBR. Brazilian Business Review (English edition. Online)instname:Fucape Business School (FBS)instacron:FBSengporhttp://www.bbronline.com.br/index.php/bbr/article/view/308/463http://www.bbronline.com.br/index.php/bbr/article/view/308/464Klann, Roberto CarlosBeuren, Ilse Mariainfo:eu-repo/semantics/openAccess2018-11-06T19:56:07Zoai:ojs.pkp.sfu.ca:article/308Revistahttps://www.bbronline.com.br/index.php/bbr/indexONGhttp://www.bbronline.com.br/index.php/bbr/oai|| bbronline@bbronline.com.br1808-23861808-2386opendoar:2018-11-06T19:56:07BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS)false |
dc.title.none.fl_str_mv |
Characteristics of companies that influence their voluntary disclosure of performance indicators Características de empresas que influenciam o seu disclosure voluntário de indicadores de desempenho |
title |
Characteristics of companies that influence their voluntary disclosure of performance indicators |
spellingShingle |
Characteristics of companies that influence their voluntary disclosure of performance indicators Klann, Roberto Carlos Voluntary disclosure performance indicators agency theory signaling theory Disclosure voluntário indicadores de desempenho teoria da agência teoria da sinalização |
title_short |
Characteristics of companies that influence their voluntary disclosure of performance indicators |
title_full |
Characteristics of companies that influence their voluntary disclosure of performance indicators |
title_fullStr |
Characteristics of companies that influence their voluntary disclosure of performance indicators |
title_full_unstemmed |
Characteristics of companies that influence their voluntary disclosure of performance indicators |
title_sort |
Characteristics of companies that influence their voluntary disclosure of performance indicators |
author |
Klann, Roberto Carlos |
author_facet |
Klann, Roberto Carlos Beuren, Ilse Maria |
author_role |
author |
author2 |
Beuren, Ilse Maria |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Klann, Roberto Carlos Beuren, Ilse Maria |
dc.subject.por.fl_str_mv |
Voluntary disclosure performance indicators agency theory signaling theory Disclosure voluntário indicadores de desempenho teoria da agência teoria da sinalização |
topic |
Voluntary disclosure performance indicators agency theory signaling theory Disclosure voluntário indicadores de desempenho teoria da agência teoria da sinalização |
description |
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 disclosurein 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 (disclosureof 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. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-04-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article Artigo revisado pelos pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/308 10.15728/bbr.2011.8.2.5 |
url |
http://www.bbronline.com.br/index.php/bbr/article/view/308 |
identifier_str_mv |
10.15728/bbr.2011.8.2.5 |
dc.language.iso.fl_str_mv |
eng por |
language |
eng por |
dc.relation.none.fl_str_mv |
http://www.bbronline.com.br/index.php/bbr/article/view/308/463 http://www.bbronline.com.br/index.php/bbr/article/view/308/464 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
FUCAPE Business Shool |
publisher.none.fl_str_mv |
FUCAPE Business Shool |
dc.source.none.fl_str_mv |
Brazilian Business Review; Vol. 8 No. 2 (2011): April to June 2011; 92-113 Brazilian Business Review; v. 8 n. 2 (2011): Abril a Junho de 2011; 92-113 1808-2386 1807-734X reponame:BBR. Brazilian Business Review (English edition. Online) instname:Fucape Business School (FBS) instacron:FBS |
instname_str |
Fucape Business School (FBS) |
instacron_str |
FBS |
institution |
FBS |
reponame_str |
BBR. Brazilian Business Review (English edition. Online) |
collection |
BBR. Brazilian Business Review (English edition. Online) |
repository.name.fl_str_mv |
BBR. Brazilian Business Review (English edition. Online) - Fucape Business School (FBS) |
repository.mail.fl_str_mv |
|| bbronline@bbronline.com.br |
_version_ |
1754732238032863232 |