Fatores explicativos do nível de Disclosure das provisões e passivos contingentes das empresas pertencentes ao índice Bovesp

Abstract

The study aimed to verify the level of disclosure of contingent liabilities and provisions and to verify the relationship of factors that influence the disclosure. A descriptive document analysis with a quantitative approach in this regard was held. For that were selected 48 companies belonging to the Bovespa index in four months in May / August 2015, which analyzed the Notes for the year 2012, 2013 and 2014 to calculate disclosure index of provisions and contingent liabilities based on CPC 25 which was search as a dependent variable. As possible factors that influence the disclosure of provisions and contingent liabilities, the following independent variables were selected: Size, Debt, Profitability, Liquidity and ADR that were collected from Balance Sheet Information and Statement of Income. The average disclosure of provisions and contingent liabilities by the companies was 53.16%, the sectors that show information pertains to energy and sanitation sector with 58.50% and the least evident was the insurance industry with 40.70 %. Through regression for panel data with random effects it was found that only the variable size of the company influences the disclosure of provisions and contingent liabilities of the selected companies. This result corroborates studies by (MURCIA, 2008; LEAL et al, 2015.). The results show that companies are not complying with the CPC 25 in its entirety in the disclosure in the notes regarding the provisions and contingent liabilities.