TRANSPARENCY OF INFORMATION ON THE PART OF EMITTERS

• Autor(a) principal: Oliveira, Helena Maria Santos de
• Data de Publicação: 2008
• Outros Autores: Lopes, Cláudia Maria Ferreira Pereira, Silva e Cunha, Carlos Alberto da
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Universo Contábil
• Texto Completo: https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/910
• topic: Transparência; Qualidade das DF; Informação.

In this work, we review some of the literature that deals with the relevance of the transparency of financial information disclosed by firms whose stock is traded on regulated financial markets located in the European Union. From this review it is agreed that the transparency of financial reports is becoming an increasingly important question since the internationalization of firms and globalization of markets are becoming stronger. These situations affect capital flow and the development of financial markets. Directive 2004/109/CE of the European Parliament and Council, issue on 15th December 2004, shows the preoccupation of European Members about the use the of criteria for transparency, namely in following the 2003/34/CE Directive, related with the Prospectus, in the case of firms that have issued stock. The importance of transparency also increases with the Sarbanes-Oxley Act.