9946

Débora Lage Martins Lélis
Laura Edith Taboada Pinheiro
Ricardo Vinícius Dias Jordão
Romualdo Douglas Colauto

Contabilidade Vista & Revista

This paper presents the results of a research that aimed at analyzing the differences between financial information disclosure practices in the United States (US) and Brazil. The investigation focused on companies of Telecommunications and Consumer Non-Cyclical Industries, traded in the stock exchanges of Brazil (BM&FBOVESPA) and US (NYSE). This descriptive research was based on a qualitative and quantitative approach, comparing the disclosed information of Brazilian companies in the Annual Report submitted to the North American market in Forms 20-F. Among other contributions of this research, that deepens and clarifies some important gaps of the literature, it was observed that the volume and detail of financial information evidenced by companies in Brazil are lower than those reported in the US in all analysed aspects. More than this, it was possible to conclude that the information achievement cost by companies, used by some theorists as a barrier to disclosure, does not explain the phenomenon, since a few months after the Annual Report releasing, the companies submitted to the US market information not disseminated in Brazil. So, it is possible to suggest that factors such as legal structure and development level of Brazilian capital market may help to understand the verified behaviour.

Accounting Theory, Comparative International Accounting, Corporate Governance, Financial Disclosure, Financial Reporting

LÉLIS, D. L. M.; PINHEIRO, L. E. T.; JORDÃO, R. V. D.; COLAUTO, R. D. Comparação das práticas de evidenciação de informações financeiras nas empresas brasileiras listadas na BM&FBOVESPA e na NYSE dos setores de consumo não cíclicos e de telecomunicações. Contabilidade Vista & Revista, v. 22, n. 4, p. 145-172, 2011.

Lélis, D. L. M., Pinheiro, L. E. T., Jordão, R. V. D., & Colauto, R. D. (2011). Comparação das práticas de evidenciação de informações financeiras nas empresas brasileiras listadas na BM&FBOVESPA e na NYSE dos setores de consumo não cíclicos e de telecomunicações. Contabilidade Vista & Revista, 22(4), 145-172.

https://www.spell.org.br/documentos/ver/9946/an-empirical-study-comparing-disclosure-of-financial-information-practices-on-brazilian-companies-listed-on-bovespa-and-nyse-from-non-cyclical-consumer-and-telecommunications-industries/i/en

Artigo

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