Information Quality in the Perception of Stakeholders in Retail Companies in Brazil
A Study of Explanatory Notes
DOI:
https://doi.org/10.23925/cintec.v3i1.70318Keywords:
Information Asymmetry, quality of Accounting Information, , Governance, Compliance, Transparency.Abstract
Research Objective: The objective of this article is to discuss the importance of the quality of accounting information for market efficiency and highlight how transparency in accounting information is crucial for the confidence of investors and other stakeholders.
Diagnosis of the problem and/or opportunity: The quality of accounting information directly influences informed decision-making and the stability of the financial market, and therefore, transparency of information is important.
Methodology/Approach: A survey methodology and Likert scale were used to explore stakeholders' perceptions of the clarity and quality of Brazilian retail companies' financial statements. Results/Application: The results showed that experienced and more highly trained professionals tended to positively evaluate the quality of explanatory notes, while younger and less experienced participants were more critical.
Contributions: The research is relevant given recent challenges in the Brazilian retail sector, such as fraud scandals and governance issues. The findings can help companies improve disclosure practices, promoting transparency and trust in the financial market.
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