Repositório Digital

A- A A+

Determinants of voluntary executive stock option disclosure in Brazil

.

Determinants of voluntary executive stock option disclosure in Brazil

Mostrar registro completo

Estatísticas

Título Determinants of voluntary executive stock option disclosure in Brazil
Autor Schiehll, Eduardo
Terra, Paulo Renato Soares
Victor, Fernanda Gomes
Abstract This study investigates whether the governance attributes of Brazilian companies are associated with voluntary executive stock option (ESO) disclosure. Results show that Brazilian companies voluntarily disclose very little about their ESO plans, and that board size, presence of a compensation committee, and auditing by a Big 4 firm are significantly related to the degree of voluntary ESO disclosure. We also show that family-controlled companies in Brazil are associated with low voluntary ESO disclosure. Results are robust to a number of specification tests, dependent and explanatory variable measurements, and sample composition. This study has professional and regulatory implications for Brazil and other emerging capital markets. The results underscore the need for stricter rules for executive compensation reporting in Brazil, and they invite policy makers and regulators in emerging markets to consider the effects of company-level governance factors on disclosure incentives.
Contido em Journal of management and governance. New York. Vol. 17, n. 2 (May 2013), p. 331-361
Assunto Executivos
Mercado emergente
Remuneração
[en] Brazil
[en] Emerging markets
[en] Executive compensation
[en] Stock options
[en] Voluntary disclosure
Origem Estrangeiro
Tipo Artigo de periódico
URI http://hdl.handle.net/10183/80354
Arquivos Descrição Formato
000904642.pdf (377.2Kb) Texto completo (inglês) Adobe PDF Visualizar/abrir

Este item está licenciado na Creative Commons License

Este item aparece na(s) seguinte(s) coleção(ões)


Mostrar registro completo

Percorrer



  • O autor é titular dos direitos autorais dos documentos disponíveis neste repositório e é vedada, nos termos da lei, a comercialização de qualquer espécie sem sua autorização prévia.
    Projeto gráfico elaborado pelo Caixola - Clube de Criação Fabico/UFRGS Powered by DSpace software, Version 1.8.1.