DISCLOSURE VOLUNTÁRIO DE INFORMAÇÕES FINANCEIRAS: ANÁLISE COM BASE NO TAMANHO DAS COMPANHIAS BRASILEIRAS

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Thiago Roozevelt de Souza
Paulo Henrique Amaral Rody
Anderson Fioresi de Sousa
Alfredo Sarlo Neto

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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Como Citar
SOUZA, T. R. de; RODY, P. H. A.; SOUSA, A. F. de; SARLO NETO, A. DISCLOSURE VOLUNTÁRIO DE INFORMAÇÕES FINANCEIRAS: ANÁLISE COM BASE NO TAMANHO DAS COMPANHIAS BRASILEIRAS. Boletim de Conjuntura (BOCA), Boa Vista, v. 18, n. 52, p. 251–270, 2024. DOI: 10.5281/zenodo.11157274. Disponível em: https://revista.ioles.com.br/boca/index.php/revista/article/view/4027. Acesso em: 19 maio. 2024.
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Artigos

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