Banca de DEFESA: PICTER DA SILVA INOUE

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : PICTER DA SILVA INOUE
DATE: 27/04/2021
TIME: 14:00
LOCAL: https://meet.google.com/eum-hmvj-qor
TITLE:

LEGIBILITY AND AGENCY COSTS IN BRAZILIAN COMPANIES FROM NEW CORPORATE GOVERNANCE MARKET

KEY WORDS:

Readability. Corporate governance. Agency costs.

PAGES: 33
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

The clarity of the textual narrative is vital for understanding and interpreting the information contained in financial reports. The lack of readability in these reports is significant in relation to agency problems and minimizing these problems can reduce costs on the information of institutions. This study contributes to the literature by investigating the relationship between the legibility of the Financial Statements and Agency costs, allowing to analyze the Brazilian context of readability in entities with Corporate Governance. In addition, it contributes to regulatory bodies by analyzing information disclosed by these companies. The research population consisted of 113 companies participating in the Novo Mercado for the period from 2017 to 2018. The survey used panel data and in addition to descriptive statistics, used results from OLS regressions to test the readability of the Financial Reports and the Costs of agencies of the companies participating in the New Market for Corporate Governance in Brazil. The results showed that when presenting greater legibility in the financial statements, companies also have higher agency costs, rejecting the hypothesis raised in the study. The Leverage variable was significant, suggesting that companies that have a higher proportion of debt in liabilities, have greater asymmetries between managers and shareholders. The variables Size and Tangibles did not report a significant coefficient in the statistical model.

BANKING MEMBERS:
Interno - 1149391 - ANAILSON MARCIO GOMES
Presidente - 2814007 - RENATO HENRIQUE GURGEL MOTA
Externa à Instituição - SAMANTHA VALENTIM TELLES