European Conference on Management Leadership and Governance
The corporate governance theme has been a subject of great debate due to the financial scandals o... more The corporate governance theme has been a subject of great debate due to the financial scandals of recent years. However, it is currently seen as a key factor for the success of organizations. This is because of the strong evolution that it has undergone over the years and the increase in financial market demands. Corporate governance is also seen as a crucial component in strengthening investor confidence. According to the literature, good corporate governance allows for the achievement of a degree of trust necessary for the proper functioning of a market. Currently, good corporate governance practices contribute to attracting investors, increasing stakeholder confidence, raising a company's reputation, and increasing business transparency among other benefits. The present study aims to analyse corporate governance disclosure in companies listed on Euronext Lisbon in 2020. To achieve this aim, we perform a content analysis of the corporate governance and annual reports as well ...
Global Perspectives on Information Security Regulations
The aim of this study is to analyze the influence of certain characteristics associated with the ... more The aim of this study is to analyze the influence of certain characteristics associated with the corporate governance model on the level of disclosure of financial risks in non-financial entities listed in Euronext Lisbon. For this purpose, a content analysis of the reports and accounts of those companies was conducted for the periods 2017 to 2019 through a disclosure index based on the disclosure requirements contained in international financial reporting standards. Subsequently, in order to assess the influence of the corporate governance model on the level of risk disclosure, several simple linear regression models were estimated, which correlate the disclosure index with certain characteristics associated with the board of directors and the auditor. The results obtained show that larger boards of directors with greater gender diversity and auditors belonging to the Big 4 positively influence the level of disclosure of financial risks.
Organizational Auditing and Assurance in the Digital Age, 2019
Based on the premise that the quality of the audit is related to the quality of the financial rep... more Based on the premise that the quality of the audit is related to the quality of the financial reporting, the purpose of this chapter is to verify if the audit is a determining factor in derivative financial instruments disclosures. However, the academic literature has revealed that audit quality is influenced by a number of factors, such as gender, experience, and auditor's fees, as well as the type of audit firm (Big4 or not Big4). In order to achieve the proposed objective, a disclosure index was prepared, based on the requirements of the International Accounting Standards Board (IASB), applied to companies listed on Euronext Lisbon, excluding the sports corporations. The results revealed that the level of disclosure is influenced by the size of the audited company and by the auditor's gender, being greater in the larger companies and in the companies audited by a male auditor.
International Journal of Professional Business Review, 2021
Purpose: This article aims to analyze the influence of certain characteristics of the board of di... more Purpose: This article aims to analyze the influence of certain characteristics of the board of directors and the auditor on the disclosure of derivative financial instruments. Theoretical framework: Operations with derivative instruments are associated with high risks, so the disclosure of these operations and their results helps to reduce information asymmetries. On the other hand, acccording to agency theory, the characteristics of the board of directors and of the auditor can affect the quality and the level of financial information disclosed. Design/methodology/approach: The data were obtained through content analysis, considering the 2017 reports and accounts of 37 companies listed on Euronext Lisbon, through a disclosure index. Subsequently, a multiple linear regression model was developed to identify the determinants of the level of disclosure about derivative instruments. Findings: The results revealed that only the number of independent members on the board of directors, th...
Os municipios portugueses deparam-se, actualmente, com a necessidade de fundamentar, do ponto de ... more Os municipios portugueses deparam-se, actualmente, com a necessidade de fundamentar, do ponto de vista economico e financeiro, as taxas praticadas. A inconformidade com as novas exigencias legislativas implica a revogacao dos regulamentos actualmente em vigor. Perante esta realidade, as organizacoes tem que pensar, de forma realista, na criacao de mecanismos que permitam justificar objectivamente os custos dos bens e servicos que dao origem a fixacao das taxas. Nesta comunicacao demonstramos de que forma se pode obter o custo real dos bens e servicos prestados pelos municipios.
Abstract: In an economy characterized by globalization, competition and volatile markets, the Por... more Abstract: In an economy characterized by globalization, competition and volatile markets, the Portuguese public sector has assumed an ever increasing number of attributes, which makes the apparatus of the State heavy and difficult to control. In his way, public ...
International Journal of Professional Business Review, 2022
Purpose: This article aims to analyze the influence of certain characteristics of the board of di... more Purpose: This article aims to analyze the influence of certain characteristics of the board of directors and the auditor on the disclosure of derivative financial instruments. Theoretical framework: Operations with derivative instruments are associated with high risks, so the disclosure of these operations and their results helps to reduce information asymmetries. On the other hand, acccording to agency theory, the characteristics of the board of directors and of the auditor can affect the quality and the level of financial information disclosed.
Design/methodology/approach: The data were obtained through content analysis, considering the 2017 reports and accounts of 37 companies listed on Euronext Lisbon, through a disclosure index. Subsequently, a multiple linear regression model was developed to identify the determinants of the level of disclosure about derivative instruments.
Findings: The results revealed that only the number of independent members on the board of directors, the auditor's gender, and the size of the entity influence the level of disclosure about derivative instruments.
Research, Practical & Social implications: This study may be useful for regulators in setting disclosure requirements for derivative instruments and useful in companies' decision making in defining the members of the board and the auditor. Originality/value: It contributes to the literature on compliance with IFRS and contributes to the perception of the influence of certain characteristics associated with the board of directors and the auditor in the disclosure of derivative instruments.
Objetivo: O objetivo deste trabalho é analisar a relação existente entre a divulgação de informaç... more Objetivo: O objetivo deste trabalho é analisar a relação existente entre a divulgação de informação sobre riscos e os mecanismos de governo das sociedades e o auditor externo. Fundamento:Pretende-se averiguar se estes mecanismos de redução das assimetrias de informação exercem alguma influência na informação divulgada. Método: Para tal, será realizada uma revisão de estudos empíricos relacionados com o tema em apreço, no sentido de identificar resultados prévios que comprovem a existência de influência do governo das sociedades e do auditor na divulgação sobre riscos. Resultados: Verifica-se que determinadas caraterísticas do Conselho de administração, a estrutura de propriedade e a existência de um Comité de gestão de risco autónomo, o valor dos honorários recebidos pelo auditor, o tipo de empresa de auditoria a que este se encontra associado, a dimensão da sua carteira de clientes e a constituição de uma Comissão de auditoria se encontram associados ao nível e qualidade da divul...
European Conference on Management Leadership and Governance
The corporate governance theme has been a subject of great debate due to the financial scandals o... more The corporate governance theme has been a subject of great debate due to the financial scandals of recent years. However, it is currently seen as a key factor for the success of organizations. This is because of the strong evolution that it has undergone over the years and the increase in financial market demands. Corporate governance is also seen as a crucial component in strengthening investor confidence. According to the literature, good corporate governance allows for the achievement of a degree of trust necessary for the proper functioning of a market. Currently, good corporate governance practices contribute to attracting investors, increasing stakeholder confidence, raising a company's reputation, and increasing business transparency among other benefits. The present study aims to analyse corporate governance disclosure in companies listed on Euronext Lisbon in 2020. To achieve this aim, we perform a content analysis of the corporate governance and annual reports as well ...
Global Perspectives on Information Security Regulations
The aim of this study is to analyze the influence of certain characteristics associated with the ... more The aim of this study is to analyze the influence of certain characteristics associated with the corporate governance model on the level of disclosure of financial risks in non-financial entities listed in Euronext Lisbon. For this purpose, a content analysis of the reports and accounts of those companies was conducted for the periods 2017 to 2019 through a disclosure index based on the disclosure requirements contained in international financial reporting standards. Subsequently, in order to assess the influence of the corporate governance model on the level of risk disclosure, several simple linear regression models were estimated, which correlate the disclosure index with certain characteristics associated with the board of directors and the auditor. The results obtained show that larger boards of directors with greater gender diversity and auditors belonging to the Big 4 positively influence the level of disclosure of financial risks.
Organizational Auditing and Assurance in the Digital Age, 2019
Based on the premise that the quality of the audit is related to the quality of the financial rep... more Based on the premise that the quality of the audit is related to the quality of the financial reporting, the purpose of this chapter is to verify if the audit is a determining factor in derivative financial instruments disclosures. However, the academic literature has revealed that audit quality is influenced by a number of factors, such as gender, experience, and auditor's fees, as well as the type of audit firm (Big4 or not Big4). In order to achieve the proposed objective, a disclosure index was prepared, based on the requirements of the International Accounting Standards Board (IASB), applied to companies listed on Euronext Lisbon, excluding the sports corporations. The results revealed that the level of disclosure is influenced by the size of the audited company and by the auditor's gender, being greater in the larger companies and in the companies audited by a male auditor.
International Journal of Professional Business Review, 2021
Purpose: This article aims to analyze the influence of certain characteristics of the board of di... more Purpose: This article aims to analyze the influence of certain characteristics of the board of directors and the auditor on the disclosure of derivative financial instruments. Theoretical framework: Operations with derivative instruments are associated with high risks, so the disclosure of these operations and their results helps to reduce information asymmetries. On the other hand, acccording to agency theory, the characteristics of the board of directors and of the auditor can affect the quality and the level of financial information disclosed. Design/methodology/approach: The data were obtained through content analysis, considering the 2017 reports and accounts of 37 companies listed on Euronext Lisbon, through a disclosure index. Subsequently, a multiple linear regression model was developed to identify the determinants of the level of disclosure about derivative instruments. Findings: The results revealed that only the number of independent members on the board of directors, th...
Os municipios portugueses deparam-se, actualmente, com a necessidade de fundamentar, do ponto de ... more Os municipios portugueses deparam-se, actualmente, com a necessidade de fundamentar, do ponto de vista economico e financeiro, as taxas praticadas. A inconformidade com as novas exigencias legislativas implica a revogacao dos regulamentos actualmente em vigor. Perante esta realidade, as organizacoes tem que pensar, de forma realista, na criacao de mecanismos que permitam justificar objectivamente os custos dos bens e servicos que dao origem a fixacao das taxas. Nesta comunicacao demonstramos de que forma se pode obter o custo real dos bens e servicos prestados pelos municipios.
Abstract: In an economy characterized by globalization, competition and volatile markets, the Por... more Abstract: In an economy characterized by globalization, competition and volatile markets, the Portuguese public sector has assumed an ever increasing number of attributes, which makes the apparatus of the State heavy and difficult to control. In his way, public ...
International Journal of Professional Business Review, 2022
Purpose: This article aims to analyze the influence of certain characteristics of the board of di... more Purpose: This article aims to analyze the influence of certain characteristics of the board of directors and the auditor on the disclosure of derivative financial instruments. Theoretical framework: Operations with derivative instruments are associated with high risks, so the disclosure of these operations and their results helps to reduce information asymmetries. On the other hand, acccording to agency theory, the characteristics of the board of directors and of the auditor can affect the quality and the level of financial information disclosed.
Design/methodology/approach: The data were obtained through content analysis, considering the 2017 reports and accounts of 37 companies listed on Euronext Lisbon, through a disclosure index. Subsequently, a multiple linear regression model was developed to identify the determinants of the level of disclosure about derivative instruments.
Findings: The results revealed that only the number of independent members on the board of directors, the auditor's gender, and the size of the entity influence the level of disclosure about derivative instruments.
Research, Practical & Social implications: This study may be useful for regulators in setting disclosure requirements for derivative instruments and useful in companies' decision making in defining the members of the board and the auditor. Originality/value: It contributes to the literature on compliance with IFRS and contributes to the perception of the influence of certain characteristics associated with the board of directors and the auditor in the disclosure of derivative instruments.
Objetivo: O objetivo deste trabalho é analisar a relação existente entre a divulgação de informaç... more Objetivo: O objetivo deste trabalho é analisar a relação existente entre a divulgação de informação sobre riscos e os mecanismos de governo das sociedades e o auditor externo. Fundamento:Pretende-se averiguar se estes mecanismos de redução das assimetrias de informação exercem alguma influência na informação divulgada. Método: Para tal, será realizada uma revisão de estudos empíricos relacionados com o tema em apreço, no sentido de identificar resultados prévios que comprovem a existência de influência do governo das sociedades e do auditor na divulgação sobre riscos. Resultados: Verifica-se que determinadas caraterísticas do Conselho de administração, a estrutura de propriedade e a existência de um Comité de gestão de risco autónomo, o valor dos honorários recebidos pelo auditor, o tipo de empresa de auditoria a que este se encontra associado, a dimensão da sua carteira de clientes e a constituição de uma Comissão de auditoria se encontram associados ao nível e qualidade da divul...
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Papers by Sara Serra
Design/methodology/approach: The data were obtained through content analysis, considering the 2017 reports and accounts of 37 companies listed on Euronext Lisbon, through a disclosure index. Subsequently, a multiple linear regression model was developed to identify the determinants of the level of disclosure about derivative instruments.
Findings: The results revealed that only the number of independent members on the board of directors, the auditor's gender, and the size of the entity influence the level of disclosure about derivative instruments.
Research, Practical & Social implications: This study may be useful for regulators in setting disclosure requirements for derivative instruments and useful in companies' decision making in defining the members of the board and the auditor. Originality/value: It contributes to the literature on compliance with IFRS and contributes to the perception of the influence of certain characteristics associated with the board of directors and the auditor in the disclosure of derivative instruments.
Design/methodology/approach: The data were obtained through content analysis, considering the 2017 reports and accounts of 37 companies listed on Euronext Lisbon, through a disclosure index. Subsequently, a multiple linear regression model was developed to identify the determinants of the level of disclosure about derivative instruments.
Findings: The results revealed that only the number of independent members on the board of directors, the auditor's gender, and the size of the entity influence the level of disclosure about derivative instruments.
Research, Practical & Social implications: This study may be useful for regulators in setting disclosure requirements for derivative instruments and useful in companies' decision making in defining the members of the board and the auditor. Originality/value: It contributes to the literature on compliance with IFRS and contributes to the perception of the influence of certain characteristics associated with the board of directors and the auditor in the disclosure of derivative instruments.