IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Determinantes de la divulgación de información previsional en España: un análisis de las empresas del ibex 35

Listed author(s):
  • Marco Trombetta


    (Universidad Carlos III de Madrid)

  • Francisco Bravo Urquiza

    (Universidad de Sevilla)

  • María Cristina Abad Navarro

    (Universidad de Sevilla)

In recent years, users' information needs have changed, and forward-looking information has become of great importance, as it has been highlighted in many international and national reports. Nonetheless, Spanish regulations are not very specific in this respect, since although it is required to publish prospective information in certain cases, nothing is set about the extend of this disclosure. Regulation has been changing during the period of analysis, and we aim to determine the need for increasing the legal requirements due to the relevance of this kind of information. Our goal is to examine the level of publication of voluntary prospective information by IBEX-35 firms, and to determine the corporate characteristics that are associated with the disclosure of prospective information. From the results obtained, it is to be noted that the level of prospective information disclosed in the annual reports seems to be low. In addition, the companies that disclose more prospective information are those of a higher size, with lower proprietary costs, a higher leverage and lower growth rates. En los últimos años las necesidades informativas de los usuarios han evolucionado, adquiriendo gran importancia la información previsional, como se desprende de multitud de informes nacionales e internacionales. Sin embargo, la normativa española no es muy concreta al respecto, pues aunque exige la publicación de información previsional en determinados casos, no especifica el nivel de detalle. En un momento de cambios en la legislación, nos planteamos la conveniencia de aumentar las exigencias informativas debido a la relevancia de esta información. Nuestro objetivo es estudiar el nivel de publicación voluntaria de información previsional en las empresas del IBEX-35, y determinar las características empresariales que están asociadas con el suministro de dicha información. Entre los resultados obtenidos se puede destacar el bajo nivel de publicación de información previsional en las empresas estudiadas, y que las que suministran más información previsional son aquellas de mayor tamaño, con menores costes propietarios, mayor endeudamiento y menores tasas de crecimiento.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: Fisrt version / Primera version, 2008
Download Restriction: no

Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2008-10.

in new window

Length: 40 pages
Date of creation: Jul 2008
Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2008-10
Contact details of provider: Postal:
C/ Guardia Civil, 22, Esc 2a, 1o, E-46020 VALENCIA

Phone: +34 96 319 00 50
Fax: +34 96 319 00 55
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ivi:wpasec:2008-10. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Departamento de Edición)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.