Análise dos relatórios de administração das companhias abertas brasileiras: um estudo do exercício social de 2002



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César Augusto Tibúrcio Silva
Fernanda Fernandes Rodrigues
Robson Lopes Abreu

Abstract

Management Report (MR) is one of the component of the set of documents that a company discloses to the public. Empirical researches made with the intention to verify the utility grade, transparence and confidence of these reports, demonstrated that they are used on investments decisions; furthermore, it was also observed that reports are influenced by manager's biases as they present information according to their interests. The study analyses management's reports extracted from CVM's 2002 database and checks the existence of relationship between these reports and the financial results of the companies. The results show that management's reports have important information about the analyzed companies. The most important results are that optimist reports present a higher volume of phrases about administrative restructuring; otherwise, pessimist reports focus on the economic situation. Companies with an increasing assets present longer reports. On the other hand, increasing profits result in reduced reports. Reports with a pessimist tone match with entities that have liabilities bigger than the assets and the equity.

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How to Cite
Silva, C. A. T., Rodrigues, F. F., & Abreu, R. L. (1). Análise dos relatórios de administração das companhias abertas brasileiras: um estudo do exercício social de 2002. Journal of Contemporary Administration, 11(2), 71-92. https://doi.org/10.1590/S1415-65552007000200005
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Author Biographies

Fernanda Fernandes Rodrigues, Universidade de Brasília (UnB)

Mestre em Ciências Contábeis pelo Programa Multiinstituicional e Inter-regional de Pós-graduação da UnB-UFPB-UFPE-UFRN. Professora assistente da Universidade de Brasília (UnB). Suas áreas de interesse em pesquisa são informações contábeis complementares

Robson Lopes Abreu, Centro Universitário de Belo Horizonte Faculdade Novos Horizontes; Centro Universitário UNA

Mestre em Contabilidade pela Faculdade de Ciências Econômicas e Administrativas da Universidade de Brasília (UnB). Professor assistente da Faculdade Novos Horizontes, Centro Universitário de Belo Horizonte e Centro Universitário UNA. Suas áreas de interesse em pesquisa são finanças corporativas e mercados de capitais