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Determinantes de divulgação de provisões e passivos contingentes: o caso Espanhol
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| 1.37 MB | Adobe PDF |
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Abstract(s)
A divulgação de informação por parte das empresas é um tópico de investigação
amplamente investigado na literatura académica. Uma das divulgações obrigatórias à luz
do normativo contabilístico internacional relaciona-se com o cumprimento da IAS 37,
com o objetivo de fornecer aos utilizadores da informação financeira a explicitação
necessária para interpretarem o reconhecimento de provisões e passivos contingentes na contabilidade das empresas.
Este estudo investiga a influência das características das 160 empresas cotadas em
Espanha no cumprimento dos requisitos de divulgação exigidos pela IAS 37 - Provisions,
Contingent Liabilities and Contingent Assets. Foi construído um índice de divulgação
com base na leitura dos relatórios de contas das empresas que tem em conta o score
atribuído a 8 itens relacionados com requisitos de divulgação exigidos pela IAS 37. A
análise de regressão utilizada neste trabalho sugere que a dimensão da empresa, o peso
das ações detidas pelos proprietários, o endividamento e o montante das provisões
apresentam uma relação significativamente positiva com o nível de conformidade dos
requisitos de divulgação da IAS 37. Por outro lado, os resultados sugerem que as
empresas que operam no setor do real estate são menos propensas a divulgar informação
relacionada com as provisões e passivos contingentes.
Este estudo contribui para o melhor entendimento dos determinantes da
divulgação de informação relacionada com provisões e passivos contingentes. Os
resultados têm interesse para os investidores compreenderem as motivações das empresas
na divulgação de informação sensível para o mercado e de poderem tomar as suas
decisões de investimento mais informados. Os reguladores também podem beneficiar
com os resultados deste estudo para os ajudar a ajustar a regulamentação necessária para
reduzir a assimetria de informação entre agentes.
Corporate information disclosure constitutes a broad research topic investigated in the academic literature. One of the mandatory disclosures concerning the international accounting standards relates to the compliance of IAS 37, with the purpose of providing users with the information required to interpret the recognition of provisions and contingent liabilities in company accounting. This study investigates the influence of the 160 companies’ characteristics listed in Spain regarding the disclosure requirements requested by IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. This study develops a disclosure index based on the reading of the companies’ accounts reports that considers the score attributed to 8 items related to disclosure requirements required by IAS 37. The regression analysis used in this work suggests that the size of the company, the weight of the shares held by the owners, the indebtedness and the amount of the provisions have a significantly positive relationship with the level of compliance with the disclosure requirements of IAS 37. On the other hand, there is evidence that firms operating in the real estate industry are less likely to disclose information related to provisions and contingent liabilities. This study contributes to a better understanding of the determinants of information disclosure related to provisions and contingent liabilities. The results are interesting for investors to understand the motivations of companies to disclose sensitive information to the market and to be more able to make informed investments decisions. Regulators can also benefit from the results of this study to help them to adjust the necessary regulation to reduce the information asymmetry between agents.
Corporate information disclosure constitutes a broad research topic investigated in the academic literature. One of the mandatory disclosures concerning the international accounting standards relates to the compliance of IAS 37, with the purpose of providing users with the information required to interpret the recognition of provisions and contingent liabilities in company accounting. This study investigates the influence of the 160 companies’ characteristics listed in Spain regarding the disclosure requirements requested by IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. This study develops a disclosure index based on the reading of the companies’ accounts reports that considers the score attributed to 8 items related to disclosure requirements required by IAS 37. The regression analysis used in this work suggests that the size of the company, the weight of the shares held by the owners, the indebtedness and the amount of the provisions have a significantly positive relationship with the level of compliance with the disclosure requirements of IAS 37. On the other hand, there is evidence that firms operating in the real estate industry are less likely to disclose information related to provisions and contingent liabilities. This study contributes to a better understanding of the determinants of information disclosure related to provisions and contingent liabilities. The results are interesting for investors to understand the motivations of companies to disclose sensitive information to the market and to be more able to make informed investments decisions. Regulators can also benefit from the results of this study to help them to adjust the necessary regulation to reduce the information asymmetry between agents.
Description
Keywords
Divulgação Provisões Ias 37 Determinantes