Resumo

HERRERA RODRIGUEZ, Edila Eudemia  e  MACAGNAN, Clea Beatriz. Disclosure of information on organizational structural capital banks in Brazil and Spain. Contad. Adm [online]. 2016, vol.61, n.1, pp.4-25. ISSN 0186-1042.  https://doi.org/10.1016/j.cya.2015.09.007.

The study analyzes the characteristics that motivate the voluntary disclosure on intangible representing organizational structural capital of the banking organizations registered on stock exchanges: Brazil and Spain. Traditional accounting is not approaching the real value of the organizations, obtained by its intangible capital. To mitigate the marked difference between the book value and the market price of these organizations, the trend to voluntary disclosures on their intangible resources has emerged. The asymmetry of information, resulting from not accounting for the organizational structural resources is studied by 2 theoretical perspectives. Agency theory suggests that the voluntary disclosure of information reduces agency costs. The theory of the cost of the owner assumes that reveal information generates additional costs, as well as the possibility of loss of its competitive advantages. This research examines 174 annual reports of 29 banks, from 2006 to 2011. The technique of multiple linear regressions using the method of least squares with panel data was used. The test results confirm the hypothesis that large banks, the most profitable and the oldest are more motivated to voluntarily disclose information representing organizational structural capital.

Palavras-chave : Voluntary disclosure; Organizational structural capital; Asymmetry of information; Agency theory; Theory of the cost of the owner.

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