The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/19420 |
Resumo: | Previous studies have proven that graphs are often manipulated to feign a better and sometimes unreal image of the company to investors and other users of annual reports, who rely on graphical disclosure in their decision-making process. This paper uses hand collected data from the reports of a representative sample of 57 Brazilian companies that belong to the Bovespa Index in 2014, and presents an empirical analysis of the use and misuse of graphs in their annual reports. Results not only reveal that the usage of graphs in annual reports is very important to Brazilian companies, but also that there is evidence of measurement distortion (favorable deviations for the companies) and presentational enhancement. In addition, the study shows that the lower the corporate’s performance and governance, the higher the probability of measurement distortion. Although there is no evidence of selectivity, the study proves that companies with worse corporate governance are more likely to present this type of distortion. This paper expects to address this issue to preparers and users of annual reports in the country, and to draw attention of accounting regulatory institutions to formulate standard guidelines of graphical disclosure to avoid misleading information through graphs. |
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The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companiesUse of graphsMisuse of graphsGraphical distortionBrazilian listed companiesAnnual reportsCiências Sociais : Economia e GestãoPrevious studies have proven that graphs are often manipulated to feign a better and sometimes unreal image of the company to investors and other users of annual reports, who rely on graphical disclosure in their decision-making process. This paper uses hand collected data from the reports of a representative sample of 57 Brazilian companies that belong to the Bovespa Index in 2014, and presents an empirical analysis of the use and misuse of graphs in their annual reports. Results not only reveal that the usage of graphs in annual reports is very important to Brazilian companies, but also that there is evidence of measurement distortion (favorable deviations for the companies) and presentational enhancement. In addition, the study shows that the lower the corporate’s performance and governance, the higher the probability of measurement distortion. Although there is no evidence of selectivity, the study proves that companies with worse corporate governance are more likely to present this type of distortion. This paper expects to address this issue to preparers and users of annual reports in the country, and to draw attention of accounting regulatory institutions to formulate standard guidelines of graphical disclosure to avoid misleading information through graphs.Ferreira, LeonorSchiozer, RafaelRUNNunez, Beatriz López2016-11-21T10:34:33Z2016-092016-09-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfapplication/pdfhttp://hdl.handle.net/10362/19420TID:201528339enginfo: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:RCAAP2024-03-11T04:00:54Zoai:run.unl.pt:10362/19420Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:25:27.760880Repositório 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 use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
title |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
spellingShingle |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies Nunez, Beatriz López Use of graphs Misuse of graphs Graphical distortion Brazilian listed companies Annual reports Ciências Sociais : Economia e Gestão |
title_short |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
title_full |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
title_fullStr |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
title_full_unstemmed |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
title_sort |
The use and misuse of graphs in stand-alone annual reports evidence from Brazilian listed companies |
author |
Nunez, Beatriz López |
author_facet |
Nunez, Beatriz López |
author_role |
author |
dc.contributor.none.fl_str_mv |
Ferreira, Leonor Schiozer, Rafael RUN |
dc.contributor.author.fl_str_mv |
Nunez, Beatriz López |
dc.subject.por.fl_str_mv |
Use of graphs Misuse of graphs Graphical distortion Brazilian listed companies Annual reports Ciências Sociais : Economia e Gestão |
topic |
Use of graphs Misuse of graphs Graphical distortion Brazilian listed companies Annual reports Ciências Sociais : Economia e Gestão |
description |
Previous studies have proven that graphs are often manipulated to feign a better and sometimes unreal image of the company to investors and other users of annual reports, who rely on graphical disclosure in their decision-making process. This paper uses hand collected data from the reports of a representative sample of 57 Brazilian companies that belong to the Bovespa Index in 2014, and presents an empirical analysis of the use and misuse of graphs in their annual reports. Results not only reveal that the usage of graphs in annual reports is very important to Brazilian companies, but also that there is evidence of measurement distortion (favorable deviations for the companies) and presentational enhancement. In addition, the study shows that the lower the corporate’s performance and governance, the higher the probability of measurement distortion. Although there is no evidence of selectivity, the study proves that companies with worse corporate governance are more likely to present this type of distortion. This paper expects to address this issue to preparers and users of annual reports in the country, and to draw attention of accounting regulatory institutions to formulate standard guidelines of graphical disclosure to avoid misleading information through graphs. |
publishDate |
2016 |
dc.date.none.fl_str_mv |
2016-11-21T10:34:33Z 2016-09 2016-09-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/19420 TID:201528339 |
url |
http://hdl.handle.net/10362/19420 |
identifier_str_mv |
TID:201528339 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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.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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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