The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil

Detalhes bibliográficos
Autor(a) principal: Viana Junior, D. B. C.
Data de Publicação: 2019
Outros Autores: Crisóstomo, V. L.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/20127
Resumo: Purpose – This study aims to analyze the effects of voting ownership concentration on the social and environmental disclosure of Brazilian companies in their Annual Financial Statements. Design/methodology/approach – Econometric models were estimated considering a sample of 1,252 annual observations of 252 companies in the period 2010-2014, and the social and environmental disclosure was measured through a lexical analysis performed by counting 75 words and key expressions related to social and environmental practices. Findings – Our findings suggest that the social and environmental disclosure of Brazilian companies is positively correlated with their voting ownership concentration. In addition, if the company is listed in the Corporate Sustainability Index or if it is in a potentially aggressive industry with respect to the environment, this also positively contributes to a higher degree of social and environmental disclosure. Originality/value – Our study contributes to the literature on social and environmental disclosure and its association with ownership structure by providing evidence in an emerging market characterized by a high concentration of control.
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spelling The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from BrazilSocial and environmental DisclosureVoting ownership concentrationDeterminantsPurpose – This study aims to analyze the effects of voting ownership concentration on the social and environmental disclosure of Brazilian companies in their Annual Financial Statements. Design/methodology/approach – Econometric models were estimated considering a sample of 1,252 annual observations of 252 companies in the period 2010-2014, and the social and environmental disclosure was measured through a lexical analysis performed by counting 75 words and key expressions related to social and environmental practices. Findings – Our findings suggest that the social and environmental disclosure of Brazilian companies is positively correlated with their voting ownership concentration. In addition, if the company is listed in the Corporate Sustainability Index or if it is in a potentially aggressive industry with respect to the environment, this also positively contributes to a higher degree of social and environmental disclosure. Originality/value – Our study contributes to the literature on social and environmental disclosure and its association with ownership structure by providing evidence in an emerging market characterized by a high concentration of control.Fundação Escola de Comércio Álvares Penteado2020-03-19T14:15:17Z2019-01-01T00:00:00Z20192020-03-19T14:14:24Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/20127eng1806-489210.7819/rbgn.v21i5.4026Viana Junior, D. B. C.Crisóstomo, V. L.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T18:00:35Zoai:repositorio.iscte-iul.pt:10071/20127Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:32:08.869761Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
title The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
spellingShingle The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
Viana Junior, D. B. C.
Social and environmental Disclosure
Voting ownership concentration
Determinants
title_short The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
title_full The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
title_fullStr The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
title_full_unstemmed The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
title_sort The effects of voting ownership concentration on social and environmental disclosure: empirical evidence from Brazil
author Viana Junior, D. B. C.
author_facet Viana Junior, D. B. C.
Crisóstomo, V. L.
author_role author
author2 Crisóstomo, V. L.
author2_role author
dc.contributor.author.fl_str_mv Viana Junior, D. B. C.
Crisóstomo, V. L.
dc.subject.por.fl_str_mv Social and environmental Disclosure
Voting ownership concentration
Determinants
topic Social and environmental Disclosure
Voting ownership concentration
Determinants
description Purpose – This study aims to analyze the effects of voting ownership concentration on the social and environmental disclosure of Brazilian companies in their Annual Financial Statements. Design/methodology/approach – Econometric models were estimated considering a sample of 1,252 annual observations of 252 companies in the period 2010-2014, and the social and environmental disclosure was measured through a lexical analysis performed by counting 75 words and key expressions related to social and environmental practices. Findings – Our findings suggest that the social and environmental disclosure of Brazilian companies is positively correlated with their voting ownership concentration. In addition, if the company is listed in the Corporate Sustainability Index or if it is in a potentially aggressive industry with respect to the environment, this also positively contributes to a higher degree of social and environmental disclosure. Originality/value – Our study contributes to the literature on social and environmental disclosure and its association with ownership structure by providing evidence in an emerging market characterized by a high concentration of control.
publishDate 2019
dc.date.none.fl_str_mv 2019-01-01T00:00:00Z
2019
2020-03-19T14:15:17Z
2020-03-19T14:14:24Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/20127
url http://hdl.handle.net/10071/20127
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 1806-4892
10.7819/rbgn.v21i5.4026
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Fundação Escola de Comércio Álvares Penteado
publisher.none.fl_str_mv Fundação Escola de Comércio Álvares Penteado
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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