The level of disclosure in Organizations of the Third Sector (OTS) in the State of Ceará
DOI:
https://doi.org/10.21680/2176-9036.2020v12n1ID16503Keywords:
Organization of the Third Sector, Disclosure, Voluntary and obligatory information; Indicator.Abstract
Objective: this paper aims to evaluate the level of transparency presented by Third Sector Organizations in the State of Ceará in relation to external users as a way to reduce informational asymmetry between internal and external agents in allusion to Agency Theory.
Methodology: Based on current legislation and the review of the scientific literature, a set of mandatory and voluntary disclosure items was selected to compose the disclosure indicator (ID), which was used to calculate the respective level of disclosure of the 100 largest organizations State of Ceará. The construction of the index was based on a dichotomous scale, of type 0 (zero) and 1 (one), representing respectively absence and presence of information.
Results: The results revealed a higher level of disclosure of voluntary information (39%) than mandatory (2%), demonstrating that the level of transparency and accountability are not favorable, since they reached only 41% of the criteria surveyed. It is assessed that the results were contradictory to the extent that these entities should act by providing financial information and performance, not the other way around.
Contribution of the Study: to allow the evaluation of the level of disclosure of entities representing the third sector in terms of voluntary and mandatory disclosure, making possible the lack of disclosure of information from these organizations.
Keywords: Organization of the Third Sector, Disclosure, Voluntary and obligatory information; Indicator.
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