Social disclosure of the brazilian enterprises listed by NYSE and BOVESPA: its relation to the levels of corporate governance

• Main Authors: Rodrigo de Souza Gonçalves, Elionor Farah Jreige Weffort, Ivam Ricardo Peleias, Andrea de Oliveira Gonçalves
• Format: Article
• Language: Portuguese
• Published: Universidade Federal de Santa Catarina 2009-11-01
• Series: Revista Contemporânea de Contabilidade
• Subjects: governança corporativa; social disclosure; evidenciação; corporate governance; disclosure
• Online Access: https://periodicos.ufsc.br/index.php/contabilidade/article/view/1843
• ISSN: 1807-1821; 2175-8069

The transparency of accounting information awards credibility to the enterprises regarding their investors, mainly on respect to the results obtained by social projects. Thus, this article analyses whether the requirements of corporate governance defined by BOVESPA and NYSE contribute or not to sufficient disclosure of the resources allocated for social projects. The results of this research have shown that the levels of corporate governance defined by BOVESPA don’t influence the level of social disclosure, since the enterprises on Level 2 obtained better results that the ones of the New Market, being the Brazilian enterprises listed by NYSE the group with the major level of social disclosure.