IDEAS home Printed from https://ideas.repec.org/p/bbz/fcpwps/28.html
   My bibliography  Save this paper

Strategy Disclosure in the Annual Reports of Brazilian Companies

Author

Listed:
  • Marcelo Sanches Pagliarussi

    (FUCAPE Business School)

  • Antonio Carlos Aguiar Gagno Junior
  • Antonio Thadeu Mattos da Luz

    (FUCAPE Business School)

Abstract

In this study we describe how listed Brazilian companies disclose information about their strategy in annual reports. From the literature on operations strategy, we developed eight proxies and their respective keywords for strategy disclosure. Keyword frequencies were measured using an automatic procedure. We used cluster analysis to identify strategic groups and multinomial logistic regression to discriminate the groups using economic performance variables. From a sample of 450 annual reports, we obtained four groups of companies. Only two of them have clearly defined strategic positioning. We concluded that the quality of strategy disclosure offered by Brazilian companies is low.

Suggested Citation

  • Marcelo Sanches Pagliarussi & Antonio Carlos Aguiar Gagno Junior & Antonio Thadeu Mattos da Luz, 2010. "Strategy Disclosure in the Annual Reports of Brazilian Companies," Fucape Working Papers 28, Fucape Business School.
    • Handle: RePEc:bbz:fcpwps:28
    as

    Download full text from publisher

    File URL: http://www.fucape.br/_public/workingpapers/28-2010.pdf
    File Function: Primeira Versão, 2010
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bbz:fcpwps:28. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Adriana Gasparino (email available below). General contact details of provider: https://edirc.repec.org/data/fucapbr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.