Conformidade da evidenciação contábil obrigatória dos contratos de parcerias público-privadas nos governos subnacionais brasileiros

Abstract

The main aim of this research is to investigate the compliance level of mandatory disclosure of Public-Private Partnerships contracts - PPPs of Brazilians subnational governments in the financial statements of private entities in the period from 2010 to 2017 and the factors that may influence the level of disclosure information. In order to reach the aim, it was used the Disclosure Index (INDISC), based on the rules governing PPP contracts from the standpoint of private entities (ICPC 01 (R1), OCPC 05, ICPC 17), based on the work of Zonato et al. (2011); Nakayama (2012) and Prazeres et al. (2016). In the second stage, it was part of the investigation if the disclosure index of a company is positively associated with the size of the company, the audit, the profitability and the indebtedness. For this, it was chosen the estimation of simple and multiple linear regression models to verify the hypotheses raised in this study. The results have shown that the twenty-six companies analyzed do not comply in part with the mandatory disclosure, since the general average of the disclosure index was close to 70%. The study also showed that when analyzed individually the variables audit and indebtness had a positive influence on the disclosure index in other words those variables are associated to the disclosure level of information but with low explanatory power around eight percent. However, the analysis carried out by sectors of businesses showed that the variable audit lost its significance, highlighting the variables company size and debt that best explain the disclosure index level and adherence to prevailing accounting standards to PPP contracts in the analyzed companies. The results may contribute to a critical reflection of how these arrangements are being evidenced in order to contribute to effective control, providing quality public services at a fair price, contributing to the prevention of manipulation of the information use, ensuring business reliability.