Análise dos relatórios de administração das companhias abertas brasileiras: um estudo do exercício social de 2002

César Augusto Tibúrcio Silva, Fernanda Fernandes Rodrigues and Robson Lopes Abreu

RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration), 2007, vol. 11, issue 2, 71-92

Abstract: Management Report (MR) is one of the component of the set of documents that a company discloses to the public. Empirical researches made with the intention to verify the utility grade, transparence and confidence of these reports, demonstrated that they are used on investments decisions; furthermore, it was also observed that reports are influenced by manager's biases as they present information according to their interests. The study analyses management's reports extracted from CVM's 2002 database and checks the existence of relationship between these reports and the financial results of the companies. The results show that management's reports have important information about the analyzed companies. The most important results are that optimist reports present a higher volume of phrases about administrative restructuring; otherwise, pessimist reports focus on the economic situation. Companies with an increasing assets present longer reports. On the other hand, increasing profits result in reduced reports. Reports with a pessimist tone match with entities that have liabilities bigger than the assets and the equity.

Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://rac.anpad.org.br/index.php/rac/article/view/523/520 (text/html)
https://rac.anpad.org.br/index.php/rac/article/download/523/520 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:abg:anprac:v:11:y:2007:i:2:523

Access Statistics for this article

RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration) is currently edited by Marcelo de Souza Bispo

More articles in RAC - Revista de Administração Contemporânea (Journal of Contemporary Administration) from ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração
Bibliographic data for series maintained by Information Technology of ANPAD ().