Relato Integrado: características corporativas relacionadas à evidenciação de indicadores chave dos capitais não financeiros de companhias listadas na B3

Abstract

The integrated report is a concise document that should explain to financial capital providers and stakeholders how resources are transformed within a business model and the organization's relationship with the internal and external environment, generating value in the short, medium and long term, from financial and non-financial capital. The aim of this study is to analyze the relationship between corporate characteristics and the disclosure index of non-financial capital (natural capital, social and relationship capital, human capital and intellectual capital) in the integrated reporting of companies listed in B3, from the perspective of disclosure theory. Regarding methodological procedures, documentary research was adopted, based on the integrated reports published by the companies and, for data analysis, the panel regression technique was adopted. The research is classified as quantitative, regarding the approach to the problem, and descriptive, in relation to the objectives, since it sought relationships between variables. Twenty-six companies listed in B3 that adopted the integrated report, according to the IIRC framework, and which had a continuous frequency in its dissemination in the period 2016 to 2020 were analyzed. The main results show that: size is a determining characteristic for the disclosure of non-financial capital; indebtedness negatively corroborates the disclosure of non-financial capital; profitability is unrelated to the disclosure of non-financial capital; the listing segment favors best corporate governance practices, but is not related to the disclosure of non-financial capital; the sector favors the disclosure of non-financial capital according to the relevance of this capital to the sector. The study contributes to the literature by strengthening discussions on the proposal for international standardization of voluntary evidence, in the search to improve disclosure and meet the needs, not only of investors, but also of other stakeholders (employees, suppliers, customers, government, community). The study contributes to the identification of the characteristics that influence the disclosure of non-financial capital of companies listed in B3. As a practical contribution to organizations that voluntarily adopt the integrated report, the study demonstrates the need to standardize the nomenclature used for the annual report. As a social contribution, the study presents stakeholders as value creation occurs in organizations.