The Effects of Voting Ownership Concentration on Social and Environmental Disclosure: Empirical Evidence from Brazil
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| Format: | Artículo científico |
| Langue: | en |
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Fundação Escola de Comércio Álvares Penteado
2019
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| _version_ | 1876448857977520128 |
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| author | Dante Baiardo Cavalcante Viana |
| author_facet | Dante Baiardo Cavalcante Viana |
| contents | The Effects of Voting Ownership Concentration on Social and Environmental Disclosure: Empirical Evidence from Brazil Dante Baiardo Cavalcante Viana Vicente Lima Crisóstomo Administración y Contabilidad Determinants Voting Ownership Concentration Social and Environmental Disclosure Purpose: This study aims to analyze the effects of voting ownership concentration on the social and environmental disclosure of Brazilian companies in their Annual Financial Statements. Design/methodology/approach: Econometric models were estimated considering a sample of 1,252 annual observations of 252 companies in the period 2010-2014, and the social and environmental disclosure was measured through a lexical analysis performed by counting 75 words and key expressions related to social and environmental practices.Findings: Our findings suggest that the social and environmental disclosure of Brazilian companies is positively correlated with their voting ownership concentration. In addition, if the company is listed in the Corporate Sustainability Index or if it is in a potentially aggressive industry with respect to the environment, this also positively contributes to a higher degree of social and environmental disclosure.Originality/value: Our study contributes to the literature on social and environmental disclosure and its association with ownership structure by providing evidence in an emerging market characterized by a high concentration of control. 2019 artículo científico 1806-4892 https://www.redalyc.org/articulo.oa?id=94768351007 https://www.redalyc.org/journal/947/94768351007/ https://www.redalyc.org/journal/947/94768351007/html/ https://www.redalyc.org/journal/947/94768351007/94768351007.epub https://www.redalyc.org/journal/947/94768351007/movil 10.7819/rbgn.v21i5.4026 en http://www.redalyc.org/revista.oa?id=947 Revista Brasileira de Gestão de Negócios - RBGN application/pdf Fundação Escola de Comércio Álvares Penteado Revista Brasileira de Gestão de Negócios - RBGN (Brasil) Num.4 Vol.21 |
| format | Artículo científico |
| id | redalyc_94768351007 |
| institution | Redalyc |
| language | en |
| publishDate | 2019 |
| publisher | Fundação Escola de Comércio Álvares Penteado |
| spellingShingle | The Effects of Voting Ownership Concentration on Social and Environmental Disclosure: Empirical Evidence from Brazil Dante Baiardo Cavalcante Viana Administración y Contabilidad Determinants Voting Ownership Concentration Social and Environmental Disclosure The Effects of Voting Ownership Concentration on Social and Environmental Disclosure: Empirical Evidence from Brazil Dante Baiardo Cavalcante Viana Vicente Lima Crisóstomo Administración y Contabilidad Determinants Voting Ownership Concentration Social and Environmental Disclosure Purpose: This study aims to analyze the effects of voting ownership concentration on the social and environmental disclosure of Brazilian companies in their Annual Financial Statements. Design/methodology/approach: Econometric models were estimated considering a sample of 1,252 annual observations of 252 companies in the period 2010-2014, and the social and environmental disclosure was measured through a lexical analysis performed by counting 75 words and key expressions related to social and environmental practices.Findings: Our findings suggest that the social and environmental disclosure of Brazilian companies is positively correlated with their voting ownership concentration. In addition, if the company is listed in the Corporate Sustainability Index or if it is in a potentially aggressive industry with respect to the environment, this also positively contributes to a higher degree of social and environmental disclosure.Originality/value: Our study contributes to the literature on social and environmental disclosure and its association with ownership structure by providing evidence in an emerging market characterized by a high concentration of control. 2019 artículo científico 1806-4892 https://www.redalyc.org/articulo.oa?id=94768351007 https://www.redalyc.org/journal/947/94768351007/ https://www.redalyc.org/journal/947/94768351007/html/ https://www.redalyc.org/journal/947/94768351007/94768351007.epub https://www.redalyc.org/journal/947/94768351007/movil 10.7819/rbgn.v21i5.4026 en http://www.redalyc.org/revista.oa?id=947 Revista Brasileira de Gestão de Negócios - RBGN application/pdf Fundação Escola de Comércio Álvares Penteado Revista Brasileira de Gestão de Negócios - RBGN (Brasil) Num.4 Vol.21 |
| title | The Effects of Voting Ownership Concentration on Social and Environmental Disclosure: Empirical Evidence from Brazil |
| topic | Administración y Contabilidad Determinants Voting Ownership Concentration Social and Environmental Disclosure |
| url | https://www.redalyc.org/articulo.oa?id=94768351007 https://www.redalyc.org/journal/947/94768351007/ https://www.redalyc.org/journal/947/94768351007/html/ https://www.redalyc.org/journal/947/94768351007/94768351007.epub https://www.redalyc.org/journal/947/94768351007/movil |