Disclosure of corporate risk in the Euronext Lisbon firms
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.34624/ei.v0i7.6043 |
Resumo: | In this dissertation it is intend to study business risks, and their report analysis, in Portuguese enterprises with shares listed on Euronext Lisbon. The risk concept and the importance of risk report inherent in the business, are essential subjects during the current globalization age, characterized by a set of changes and uncertainties, where investors and stakeholders are increasingly demanding, being a crucial point for the economic and financial viability of an organization. The level of importance of reporting is supported by literature based on theories of report justification and new ways of reporting. This study aims to characterize the enterprises and its own reports of risks, and within this, an analysis of content was made to the annual reports of non- financial companies listed on Euronext Lisbon in 2010 to identify and measure the several types of risks involved. Based on this identification of risks, indices reports of types of risks involved were calculated to allow us to apply the different statistical models, such as regression tests and contingency analysis, to verify the existence of relevant connation between variables characterizing enterprises and the risk report.The test made to the formulated hypotheses showed evidences of significant and positive relation between dimension and systematic risk (just for a single semester), and/or and risks report. On the other hand, there were no evidences of any connation between variables of performance, leverage and systematic risk (first semester).Regarding the characterization of business risks report accomplished by the enterprises belonging to the sample, it was found that the risks disclosure is mainly relative to the past, non-monetarily and essentially regarding positive results. |
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Disclosure of corporate risk in the Euronext Lisbon firmsRelato dos riscos empresariais nas empresas da Euronext LisbonIn this dissertation it is intend to study business risks, and their report analysis, in Portuguese enterprises with shares listed on Euronext Lisbon. The risk concept and the importance of risk report inherent in the business, are essential subjects during the current globalization age, characterized by a set of changes and uncertainties, where investors and stakeholders are increasingly demanding, being a crucial point for the economic and financial viability of an organization. The level of importance of reporting is supported by literature based on theories of report justification and new ways of reporting. This study aims to characterize the enterprises and its own reports of risks, and within this, an analysis of content was made to the annual reports of non- financial companies listed on Euronext Lisbon in 2010 to identify and measure the several types of risks involved. Based on this identification of risks, indices reports of types of risks involved were calculated to allow us to apply the different statistical models, such as regression tests and contingency analysis, to verify the existence of relevant connation between variables characterizing enterprises and the risk report.The test made to the formulated hypotheses showed evidences of significant and positive relation between dimension and systematic risk (just for a single semester), and/or and risks report. On the other hand, there were no evidences of any connation between variables of performance, leverage and systematic risk (first semester).Regarding the characterization of business risks report accomplished by the enterprises belonging to the sample, it was found that the risks disclosure is mainly relative to the past, non-monetarily and essentially regarding positive results.Na presente dissertação pretende-se estudar os riscos empresariais, bem como a análise do relato dos mesmos, nas empresas Portuguesas com títulos cotados na Euronext Lisbon. O conceito de risco, e a importância do relato dos riscos inerentes ao negócio, são temas essenciais, numa era de globalização, caraterizada por um conjunto de transformações e incertezas onde, investidores e outros stakeholders são cada vez mais exigentes, sendo um ponto crucial para a viabilidade económica e financeira de uma organização. O grau de importância do relato, é sustentado pela literatura, tendo como base as teorias justificativas do relato, e as novas formas de modelo do relato. O presente estudo visa caracterizar as empresas e o relato que as mesmas efetuam. Neste âmbito foi efetuada uma análise de conteúdo aos relatórios anuais das empresas, não financeiras cotadas na Euronext Lisbon, considerando o ano de 2010, de forma a identificar e mensurar os vários tipos de riscos existentes. Com base nesta identificação e quantificação dos riscos empresariais, foram calculados os índices de relato dos diferentes tipos de risco existentes, de forma a permitir-nos aplicar os vários modelos estatísticos, nomeadamente os testes de regressão e a análise de contingência, para a verificação da existência de relações significativas entre as variáveis caracterizadoras das empresas e o relato do risco.O teste às hipóteses formuladas permitiu encontrar evidência, de relações significativas e positivas entre a dimensão e o risco sistemático (para apenas um dos semestres) e o relato dos riscos. Não se encontrou qualquer associação entre as variáveis de desempenho, endividamento e risco sistemático no 1ºsemestre.No que se refere à caracterização do relato dos riscos empresariais efetuado pelas empresas da amostra, constatamos que a divulgação dos riscos é na sua maioria voltada para o passado, referente a aspetos não-monetários e respeitante essencialmente a notícias favoráveis.Instituto Superior de Contabilidade e Administração da Universidade de Aveiro2013-01-01T00:00:00Zotherinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/otherinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://doi.org/10.34624/ei.v0i7.6043oai:proa.ua.pt:article/6043Estudos do ISCA; No 7 (2013)Estudos do ISCA; n.º 7 (2013)1646-48500873-2019reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPporhttps://proa.ua.pt/index.php/estudosdoisca/article/view/6043https://doi.org/10.34624/ei.v0i7.6043https://proa.ua.pt/index.php/estudosdoisca/article/view/6043/4453https://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessPuga, Joana Filipa Rodrigues2022-09-22T16:24:18Zoai:proa.ua.pt:article/6043Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T15:59:30.231281Repositório 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 |
Disclosure of corporate risk in the Euronext Lisbon firms Relato dos riscos empresariais nas empresas da Euronext Lisbon |
title |
Disclosure of corporate risk in the Euronext Lisbon firms |
spellingShingle |
Disclosure of corporate risk in the Euronext Lisbon firms Puga, Joana Filipa Rodrigues |
title_short |
Disclosure of corporate risk in the Euronext Lisbon firms |
title_full |
Disclosure of corporate risk in the Euronext Lisbon firms |
title_fullStr |
Disclosure of corporate risk in the Euronext Lisbon firms |
title_full_unstemmed |
Disclosure of corporate risk in the Euronext Lisbon firms |
title_sort |
Disclosure of corporate risk in the Euronext Lisbon firms |
author |
Puga, Joana Filipa Rodrigues |
author_facet |
Puga, Joana Filipa Rodrigues |
author_role |
author |
dc.contributor.author.fl_str_mv |
Puga, Joana Filipa Rodrigues |
description |
In this dissertation it is intend to study business risks, and their report analysis, in Portuguese enterprises with shares listed on Euronext Lisbon. The risk concept and the importance of risk report inherent in the business, are essential subjects during the current globalization age, characterized by a set of changes and uncertainties, where investors and stakeholders are increasingly demanding, being a crucial point for the economic and financial viability of an organization. The level of importance of reporting is supported by literature based on theories of report justification and new ways of reporting. This study aims to characterize the enterprises and its own reports of risks, and within this, an analysis of content was made to the annual reports of non- financial companies listed on Euronext Lisbon in 2010 to identify and measure the several types of risks involved. Based on this identification of risks, indices reports of types of risks involved were calculated to allow us to apply the different statistical models, such as regression tests and contingency analysis, to verify the existence of relevant connation between variables characterizing enterprises and the risk report.The test made to the formulated hypotheses showed evidences of significant and positive relation between dimension and systematic risk (just for a single semester), and/or and risks report. On the other hand, there were no evidences of any connation between variables of performance, leverage and systematic risk (first semester).Regarding the characterization of business risks report accomplished by the enterprises belonging to the sample, it was found that the risks disclosure is mainly relative to the past, non-monetarily and essentially regarding positive results. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013-01-01T00:00:00Z |
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other info:eu-repo/semantics/article info:eu-repo/semantics/other |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
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article |
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publishedVersion |
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https://doi.org/10.34624/ei.v0i7.6043 oai:proa.ua.pt:article/6043 |
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https://doi.org/10.34624/ei.v0i7.6043 |
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oai:proa.ua.pt:article/6043 |
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por |
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https://proa.ua.pt/index.php/estudosdoisca/article/view/6043 https://doi.org/10.34624/ei.v0i7.6043 https://proa.ua.pt/index.php/estudosdoisca/article/view/6043/4453 |
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https://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
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https://creativecommons.org/licenses/by/4.0/ |
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openAccess |
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application/pdf |
dc.publisher.none.fl_str_mv |
Instituto Superior de Contabilidade e Administração da Universidade de Aveiro |
publisher.none.fl_str_mv |
Instituto Superior de Contabilidade e Administração da Universidade de Aveiro |
dc.source.none.fl_str_mv |
Estudos do ISCA; No 7 (2013) Estudos do ISCA; n.º 7 (2013) 1646-4850 0873-2019 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 |
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RCAAP |
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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) |
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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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