Mudanças organizacionais e o impacto nos relatórios de gestão

: o caso das empresas portuguesas cotadas em bolsa

Abstract

This study tries to measure de impact of an organizational change, specifically in terms of CEO or Chairman, in the following attributes: length (document number of words), tone (document percentage of positive words) and readability (document fog index). This impact is measured on the financial narratives, specifically in the MD&A document, CEO letter and Chairman letter. The regression models are from El-Haj et al. (2017). The used sample the Portuguese listed companies annual reports, which had at least one English written report over the period from 2005 to 2018. The results show there is no statistically relevant impact of a CEO or Chairman change in terms of length, tone and readability of de MD&A, CEO and Chairman sections. With exception to the MD&A section tone which is affected by a Chairman change.

Date of Award	29 Jun 2020
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Paulo Alves (Supervisor)