Relato integrado e relevância da informação financeira

  • Rui Miguel Alves Martins (Student)

Student thesis: Master's Thesis

Abstract

Integrated reporting was created with the aim of improving the information provided to investors. It consists of creating a reporting structure to build a comprehensive view that integrates financial and non-financial information about the performance of a certain organization. The objective is to create a clear and concise exposition of the organizational strategy, governance, performance, and evolution prospects. Therefore, it is important to discuss how the use of integrated reporting by certain companies will impact the value relevance of the accounting information made available compared to companies that do not adopt integrated reporting. This study aims to assess differences in the value relevance of accounting information, in the capital market, between companies that use integrated reporting and companies that still use the traditional format. The sample is composed by European traded companies, in the years of 2020 and 2021. For this, the Ohlson model (1995) was used. The estimation results, for the two years under analysis, point out that the integrated report is value relevant for the capital market, in line with Loprevitte et al. (2018). On the other hand, it was not possible to confirm differences in the value relevance of summary accounting information, equity, and net income, between the two groups of companies under study, since the coefficients of the variables in question were not statistically significant. However, these results should be analysed with reservation since the years under study are related to the Covid-19 pandemic.
Date of Award5 Jul 2023
Original languagePortuguese
Awarding Institution
  • Universidade Católica Portuguesa
SupervisorMaria José Martins Lourenço da Fonseca (Supervisor)

Keywords

  • Integrated reporting
  • Value relevance
  • Market value
  • Equity
  • Net income

Designation

  • Mestrado em Auditoria e Fiscalidade

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