The relation between voluntary dissemination of information in Brazilian company sites and company financial performance

  • Jupter Júnior Moreira Luz UFMG; CEPEAD
  • Marcos Antônio de Camargos UNI-BH; Centro Universitário de Belo Horizonte
  • Joab de Oliveira Lima UNI-BH; Centro Universitário de Belo Horizonte
Keywords: Corporate Governance, Disclosure, Financial Performance

Abstract

Corporate governance is becoming an important aspect of management and internet is now convenient for disclosure of information to the market. Therefore this relation between voluntary dissemination of information in company sites and financial performance of Brazilian companies was investigated. A multiple regression analysis was of made of 40 companies, 24 that belonged to the New Bovespa Market (N1, N2 or NM) as well as 16 others that did not. The extent of transparent disclosure in the form of voluntary dissemination of information in company these sites was found to be directly associated with company size, shareholder return and return on total assets. However, contrary to expectations, a statistically significant negative association was identified between return on equity and voluntary disclosure of information in company sites.

Downloads

Download data is not yet available.
Published
2006-12-01
How to Cite
Luz, J., Camargos, M., & Lima, J. (2006). The relation between voluntary dissemination of information in Brazilian company sites and company financial performance . REGE Revista De Gestão, 13(4), 11-24. https://doi.org/10.5700/issn.2177-8736.rege.2006.36571
Section
Finanças