Determinants of the mandatory financial disclosure level of private companies
Name: ADELZIRA SOUZA AFONSO
Publication date: 18/12/2015
Advisor:
Name |
Role |
|---|---|
| PATRÍCIA MARIA BORTOLON | Advisor * |
Examining board:
| Name |
Role |
|---|---|
| ALVIM BORGES DA SILVA FILHO | External Examiner * |
| EDUARDO JOSÉ ZANOTELI | Internal Examiner * |
| PATRÍCIA MARIA BORTOLON | Advisor * |
Summary: Financial information disclosure has been a key (strategic) process in
business management. Both production and distribution of information are
under normative issues that head companies accounts as well as the goals
followed by accounting process managers. This study aims to identify the
factors that explain the level of mandatory disclosure of anonymous private
companies located in Espírito Santo State. To this end, this work analyzed
private companies that published their balance accounts in either Diário
Oficial of Espírito Santo State. A disclosure index was developed to measure
the level of compliance of firms to the different levels of obligations they were
subject to. Multiple linear regression models as well logistic regression models
were employed. The Management Report and the Comprehensive Income
Statement were the reports with lowest levels of compliance. Regarding
determinants of disclosure, results are similar to observed in research about
voluntary disclosure of public companies, when observed leverage, big four
auditing company and age. However, the usual relationship of size with
disclosure was not present in this research about mandatory disclosure.
