MARKET VALUE AND VOLUNTARY DISCLOSURE: AN EMPIRICAL STUDY IN COMPANIES LISTED ON BM&FBOVESPA

被引：0

作者：

de Sousa, Claudineia Boaventura ^{[1
]}

da Silva, Aldy Fernandes ^{[1
]}

Ribeiro, Maisa de Souza ^{[1
]}

Jreige Weffort, Elionor Farah ^{[1
]}

机构：

[1] Fdn Escola Comercio Alvares Penteado, Ciencias Contabeis, Av Liberdade 532, Sao Paulo, SP, Brazil

来源：

REVISTA AMBIENTE CONTABIL | 2014年 / 6卷 / 02期

关键词：

Market value; Voluntary disclosure; Corporate Social Responsibility;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study investigates empirically the relationship between the market value (measured by Tobin's q coefficient) and voluntary disclosure of economic, social and environmental information by companies listed on the BM&FBovespa from 2007 to 2011. The results indicate a significant positive relationship between economic voluntary disclosure and the market value of firms, as well as, a significant negative relationship between the market value and environmental voluntary disclosure, suggesting a tradeoff between the view of the investor and manager. Concerning social voluntary disclosure, the results did not indicate significant relationship.

引用

页码：94 / 115

页数：22

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