DISCLOSURE VOLUNTÁRIO DE INFORMAÇÕES FINANCEIRAS: ANÁLISE COM BASE NO TAMANHO DAS COMPANHIAS BRASILEIRAS
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Resumo
Este artigo buscou verificar se o tamanho das empresas tem influência positiva sobre o nível de disclosure voluntário, cuja teoria estabelece que as empresas de maior porte tendem a divulgar um maior volume de informações voluntárias como estratégia de redução de assimetria entre empresa e investidores, aumentando as chances da empresa obter novos investimentos. Adotou-se a técnica de Análise de Regressão Linear Múltipla com dados em painel de efeito fixo, de todas as empresas não financeiras da B3, sendo 527 empresas do período de 2010 a 2018, gerando uma amostra inicial total de 4.743 observações. Confirmou-se as evidências apresentadas pela literatura, as quais preveem que quanto maior o tamanho, maior o nível de disclosure voluntário das empresas, aprofundando a discussão sobre o tema e sinalizando para o mercado que o disclosure voluntário pode ser utilizado pelas empresas como mecanismo de gestão para atrair novos investimentos e aumentar sua vantagem competitiva diante dos concorrentes.
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Este trabalho está licenciado sob uma licença Creative Commons Attribution 4.0 International License.
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Esta obra está licenciada sob uma licença Creative Commons Atribuição 4.0 Internacional.
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