Legibilidade de notas explicativas em empresas de capital aberto no Brasil

Abstract

Studying the capacity of corporate disclosure through its textual structure can contribute to better understand how such information meets its informational objectives to assist in the decision process. Considering previous studies regarding readability, disclosure regarding the structure of the explanatory notes and the management of results through the attempt to distort the agent's perception of information, the research developed here was based on the identification of the readability of explanatory notes issued in the years 2010 to 2017 of Brazilian companies. It was concluded from the quantitative parameters of the Gunning fog Index that the Explanatory Notes have a moderate degree of readability and are thus accessible to the general public. In view of the above, there has also been an improvement, from 2014, year of issue of the OCPC-07, in the degree of legibility and extension thereof.