O impacto do aumento do disclosure na redução da assimetria de informação, abordada como componente do custo de capital próprio

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dc.contributor.advisorJucá, Michele Nascimento
dc.contributor.advisor1Latteshttp://lattes.cnpq.br/6770985264140454por
dc.contributor.authorOliveira, Nelson Bueno de
dc.creator.Latteshttp://lattes.cnpq.br/3162468571348233por
dc.date.accessioned2016-08-05T16:25:02Z
dc.date.accessioned2020-05-28T18:04:24Z
dc.date.available2020-05-28T18:04:24Z
dc.date.issued2016-02-18
dc.description.abstractThe aim of this study is to analyze the economic benefits of transparency or corporate disclosure. It is estimated the reduction of information asymmetry, which is a component of the cost of equity, due to the mandatory adoption of IFRS in Brazil, the level of commitment to corporate governance and the ADR issuance at the New York Stock Exchange. It uses the proxy bid-ask spread to estimate the asymmetry of information, as the dependent variable. The sample consists of non-financial companies of the Ibovespa index. In addition to disclosure variables, this study also analyzes the control variables like size, free float, risk and profitability. The conclusion of this dissertation confirms the initial expectations, in the sense that a higher corporate level of disclosure implies in a reduction of the asymmetry of information. Corporate governance variable, although significant, has a positive relationship with asymmetric information. This result is the opposite of what is expected by theory and can be subject of further studies. It is also statistically significant the expected positive relation between information asymmetry and the beta control variable.eng
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dc.identifier.citationOLIVEIRA, Nelson Bueno de. O impacto do aumento do disclosure na redução da assimetria de informação, abordada como componente do custo de capital próprio. 2016. [86 f.]. Dissertação (Administração de Empresas) - Universidade Presbiteriana Mackenzie, [São Paulo].por
dc.identifier.urihttp://dspace.mackenzie.br/handle/10899/23596
dc.keywordsdisclosureeng
dc.keywordsinformation asymmetryeng
dc.keywordsbid-ask spreadeng
dc.keywordsIFRSeng
dc.keywordspanel dataeng
dc.languageporpor
dc.publisherUniversidade Presbiteriana Mackenziepor
dc.rightsAcesso Abertopor
dc.subjectdisclosurepor
dc.subjectassimetria de informaçãopor
dc.subjectbid-ask spreadpor
dc.subjectIFRSpor
dc.subjectdados em painelpor
dc.subject.cnpqCNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO::ADMINISTRACAO DE EMPRESASpor
dc.thumbnail.urlhttp://tede.mackenzie.br/jspui/retrieve/10875/Nelson%20Bueno%20de%20Oliveira%20.pdf.jpg*
dc.titleO impacto do aumento do disclosure na redução da assimetria de informação, abordada como componente do custo de capital própriopor
dc.typeDissertaçãopor
local.contributor.board1Nakamura, Wilson Toshiro
local.contributor.board2Campos, Anderson Luis Saber
local.publisher.countryBrasilpor
local.publisher.departmentCentro de Ciências Sociais e Aplicadas (CCSA)por
local.publisher.initialsUPMpor
local.publisher.programAdministração de Empresaspor
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