Analysis of corporate governance disclosure: a study on Brazilian companies

Authors

  • Marcelle Colares Oliveira Universidade Federal do Ceará
  • Domenico Ceglia Universidade Federal do Rio Grande do Sul
  • Lais Silva Lima Lojas Americanas
  • Vera Maria Rodrigues Ponte Universidade Federal do Ceará

DOI:

https://doi.org/10.19094/contextus.v15i1.945

Keywords:

Corporate Governance. Disclosure. Brazilian Companies. Institutional Theory. United Nations.

Abstract

This study aims to compare Brazilian legislation to United Nations’ international recommendation with respect to the influence of each on the disclosure level of Brazilian companies’ CG practices. The theoretical approach is institutional theory. It is an exploratory study because CG disclosure is an insufficiently studied phenomenon in the light of institutional theory. The research amounts to a qualitative but also a quantitative one since its procedures encompass content analysis techniques to collect data and statistical tools to analyze them. Data were collected from all the companies belonging to IBOV Index, an indicator of the average quotations of Brazilian stock market’s most traded, representative shares. It was concluded that coercive forces exert more influence on the disclosure of corporate governance by the Brazilian companies studied, which means legally required indicators were more disclosed than those simply recommended by United Nations.

Author Biographies

Marcelle Colares Oliveira, Universidade Federal do Ceará

Doutora em Ciências Contábeis – USP

Docente do Departamento de Contabilidade e do Programa de Pós-Graduação em Administração e Controladoria da Universidade Federal do Ceará – UFC

Av. da Universidade, 2431, Fortaleza (CE), 60020-180

E-mail: marcellecolares@uol.com.br

Domenico Ceglia, Universidade Federal do Rio Grande do Sul

Mestre em Administração e Controladoria pela UFC

Aluno do Doutorado em Administração de Empresas da UFRGS

Rua Washington Luiz, 855, Porto Alegre (RS), 90010-460

E-mail: ceglia@gmail.com

Lais Silva Lima, Lojas Americanas

Graduada em Ciências Contábeis – UFC
Rua Roberto Dias Lopes, 181, Rio de Janeiro (RJ), 22010-110
E-mail: limlais@gmail.com

Vera Maria Rodrigues Ponte, Universidade Federal do Ceará

Doutora em Ciências Contábeis – USP

Docente do Departamento de Contabilidade e do Programa de Pós-Graduação em Administração e Controladoria da Universidade Federal do Ceará – UFC

Av. da Universidade, 2431, Fortaleza (CE), 60020-180

E-mail: vponte@fortalnet.com.br

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Published

2017-08-28

How to Cite

Oliveira, M. C., Ceglia, D., Lima, L. S., & Ponte, V. M. R. (2017). Analysis of corporate governance disclosure: a study on Brazilian companies. Contextus - Contemporary Journal of Economics and Management, 15(1), 172–194. https://doi.org/10.19094/contextus.v15i1.945

Issue

Vol. 15 No. 1: jan/abr 2017

Section

Articles

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