Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes
In this study, the disclosure of information associated with Corporate Governance based on the listing segments of the São Paulo Stock Exchange (Bovespa) is focused on through the disclosure of business combinations in the annual financial statements. Based on Technical Pronouncement CPC 15, the exp...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Conselho Federal de Contabilidade (CFC)
2015-06-01
|
| Series: | Revista de Educação e Pesquisa em Contabilidade |
| Subjects: | |
| Online Access: | http://repec.org.br/index.php/repec/article/view/1180 |
| _version_ | 1818211040651902976 |
|---|---|
| author | Ana Carolina Kolozsvari Adriano Rodrigues |
| author_facet | Ana Carolina Kolozsvari Adriano Rodrigues |
| author_sort | Ana Carolina Kolozsvari |
| collection | DOAJ |
| description | In this study, the disclosure of information associated with Corporate Governance based on the listing segments of the São Paulo Stock Exchange (Bovespa) is focused on through the disclosure of business combinations in the annual financial statements. Based on Technical Pronouncement CPC 15, the explanatory notes to the statements for 2012 of companies listed on Bovespa were analyzed, considering the distinguished listing segments, to investigate whether the segments with higher governance levels would also present a higher disclosure level. The information published was analyzed descriptively in terms of type: simple, descriptive and detailed, including statistical confirmation by means of the Mann-Whitney test to compare the New and Traditional Market segments and the Wilcoxon test to compare the information blocks. No significant differences were found in the disclosure level attributed to the governance, but the level of disclosure dropped as the complexity of the required information increased. The results indicate greater sensitivity to the type of information related to the listing segments, an approach applicable to other normative pronouncements or other Corporate Governance indicators. |
| first_indexed | 2024-12-12T05:26:11Z |
| format | Article |
| id | doaj.art-f3fa92152ddf48de900ed83a1378dde2 |
| institution | Directory Open Access Journal |
| issn | 1981-8610 |
| language | English |
| last_indexed | 2024-12-12T05:26:11Z |
| publishDate | 2015-06-01 |
| publisher | Conselho Federal de Contabilidade (CFC) |
| record_format | Article |
| series | Revista de Educação e Pesquisa em Contabilidade |
| spelling | doaj.art-f3fa92152ddf48de900ed83a1378dde22022-12-22T00:36:28ZengConselho Federal de Contabilidade (CFC)Revista de Educação e Pesquisa em Contabilidade1981-86102015-06-019210.17524/repec.v9i2.1180669Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notesAna Carolina Kolozsvari0Adriano Rodrigues1Universidade Federal do Rio de JaneiroProfessor da Universidade Federal do Rio de Janeiro – UFRJIn this study, the disclosure of information associated with Corporate Governance based on the listing segments of the São Paulo Stock Exchange (Bovespa) is focused on through the disclosure of business combinations in the annual financial statements. Based on Technical Pronouncement CPC 15, the explanatory notes to the statements for 2012 of companies listed on Bovespa were analyzed, considering the distinguished listing segments, to investigate whether the segments with higher governance levels would also present a higher disclosure level. The information published was analyzed descriptively in terms of type: simple, descriptive and detailed, including statistical confirmation by means of the Mann-Whitney test to compare the New and Traditional Market segments and the Wilcoxon test to compare the information blocks. No significant differences were found in the disclosure level attributed to the governance, but the level of disclosure dropped as the complexity of the required information increased. The results indicate greater sensitivity to the type of information related to the listing segments, an approach applicable to other normative pronouncements or other Corporate Governance indicators.http://repec.org.br/index.php/repec/article/view/1180Combinações de NegóciosCPC 15Segmentos de listagem |
| spellingShingle | Ana Carolina Kolozsvari Adriano Rodrigues Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes Revista de Educação e Pesquisa em Contabilidade Combinações de Negócios CPC 15 Segmentos de listagem |
| title | Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes |
| title_full | Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes |
| title_fullStr | Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes |
| title_full_unstemmed | Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes |
| title_short | Bovespa corporate governance levels and information disclosure to the market: a comparison of business combination disclosures in explanatory notes |
| title_sort | bovespa corporate governance levels and information disclosure to the market a comparison of business combination disclosures in explanatory notes |
| topic | Combinações de Negócios CPC 15 Segmentos de listagem |
| url | http://repec.org.br/index.php/repec/article/view/1180 |
| work_keys_str_mv | AT anacarolinakolozsvari bovespacorporategovernancelevelsandinformationdisclosuretothemarketacomparisonofbusinesscombinationdisclosuresinexplanatorynotes AT adrianorodrigues bovespacorporategovernancelevelsandinformationdisclosuretothemarketacomparisonofbusinesscombinationdisclosuresinexplanatorynotes |