Associação entre índices de disclosure e características corporativas das Instituições de Ensino Superior Filantrópicas do Brasil - IESFB

Abstract

The Brazilian government has been making efforts to increase access to higher education, causing the growth of these institutions, especially those belonging to the third sector. Due to its relevance to the country, it must be noted that these organizations have their own attributes, including those related to their level of disclosure. Based on certain propositions of Disclosure Theory, the aim of this paper is to investigate the association between the disclosure level of Philanthropic Institutions of Higher Education in Brazil - PIHEB and some of their corporate characteristics (size, location, leverage, gratuity, tax benefits, and subvention income). The descriptive and quantitative study was developed by analyzing a sample of 146 entities registered with the National Council of Social Assistance - NCSA. For hypothesis testing was developed a multiple linear regression model, based on the study of Gordon et al (2002). As the dependent variable was developed and used the Disclosure Index of Philanthropic Institutions of Higher Education in Brazil - DIPIHEB, measured by the qualitative characteristics of disclosure: (i) overview, (ii) performance of services, (iii) financial performance and (iv) the physical and financial (COY, DIXON and TOWER, 1993). The test results demonstrated a significant association only between the levels of disclosure and corporate characteristics gratuity and subvention income, showing no association between these levels and other variables. Additionally, it was possible to observe that most surveyed PIHEB presented only mandatory disclosure, showing little concern these institutions with voluntary disclosure.