O efeito das caracteristicas do Conselho de Administração sobre a evidenciação das transações entre partes relacionadas

Abstract

As a result of economic globalization, the expansion of the capital market and the standardization and harmonization of accounting standards, the present research was developed to identify the effect of the characteristics of the board of directors on the disclosure of transactions between related parties of companies listed in BM & FBOVESPA. The issuance of the CPC 05 technical pronouncement in 2010, in accordance with International Accounting Standards, determines the manner in which companies must disclose their transactions with related parties. Before this pronouncement it was necessary to identify the existence of the correlation between the level of disclosure of transactions between related parties and the characteristics of the board. The research is classified as descriptive and its approach is quantitative. Initially, the analysis of the financial statements of the companies was developed using the reference forms (FR) and explanatory notes (NS) to collect data referring to the characteristics of the board and the requirements contained in CPC 05. For the other data, The Economática® database was used. The sample consists of 163 companies listed on the BM & FBOVESPA distributed in 9 sectors of the economy, with information related to the year 2015. In order to comply with the proposed objective, a level of disclosure of related party transactions (NDTPR) was calculated. The analysis of the data was through the use of multiple linear regression technique, in order to answer the hypothesis of the research. The results show that only the TAM variable of hypothesis 1 presented a statistically significant relation, so that the size of the board obtained an inverse relation to the level of disclosure, that is, the larger the smaller the board Is the level of evidence. Although the characteristics "Independence of the Board of Directors", "Separation of Charges" and "Strong Structure of a Board of Directors" are not statistically significant in relation to the level of disclosure of transactions between related parties. Given the confirmations obtained in this study, we can say that the size of the board of directors is decisive for the level of disclosure of transactions between related parties.