Voluntary disclosure of Value Chain in Financial Reports of Companies Brazilian Capital Open

• Main Authors: Leandro da Costa Lopes, Juliana Matos de Meira, Luiz Carlos Miranda, Marco Tullio de Castro Vasconcelos, Aldemar Araújo dos Santos
• Format: Article
• Language: Portuguese
• Published: Universidade Federal do Rio de Janeiro 2012-12-01
• Series: Revista Sociedade, Contabilidade e Gestão
• Subjects: Value Chain; Volunteer Publishing; Competitive Advantage; Production costs.
• Online Access: http://www.atena.org.br/revista/ojs-2.2.3-06/index.php/ufrj/article/viewFile/1494/1338

Managing the value chain with the aim to achieve competitive advantage in relation to their competitors and in order to reduce costs has become increasingly important for business organizations. The aim of this paper is to analyse whether Brazilian organisations listed on Sao Paulo´s Stock Exchange (BOVESPA) publish information relating to value chain management in their financial reports. In addition, this research aims to investigate the potential relationtionship between evidentiation of this information and two independent variables, gross margin and number of pages. Content Analysis was adopted in the management report and report notes of the year 2011. The analysis was based on the strategic cost management framework developed by Wrubel et al. (2010). The sample selected includes the ten largest non financial organizations, according to their total assets. Despite the fact that publishing the value chain management is not compulsory, it was observed that the businesses studied present on average 30 sentences regarding the topic in their reports. The category internal and external value chain activities represents 54.58% of the total sentences found. It has been found that there is a significant positive correlation between the amount of sentences disclosed and page number of reports, however, it was found that the same does not occur when attempted to correlate the gross margin. As a consequence, the hypothesis that gross margin could be a motivation for higher volume of information regarding value chain was not confirmed.