%0 Journal Article
%T A rela£¿£¿o entre o n¨ªvel volunt¨¢rio de transpar¨ºncia e o custo de capital pr¨®prio das empresas brasileiras n£¿o-financeiras
%A Castro Junior
%A Francisco Henrique Figueiredo de
%A Concei£¿£¿o
%A Paula Meneghesso da
%A Santos
%A D¨¦bora Antunes
%J REAd. Revista Eletr£¿nica de Administra£¿£¿o (Porto Alegre)
%D 2011
%I Scientific Electronic Library Online
%R 10.1590/S1413-23112011000300002
%X the main objective of this research is to examine empirically the existence of a significant relationship between the level of voluntary disclosure of information and the cost of equity capital of brazilian non-financial companies. it is expected that a greater level of disclosure is related to a lower cost of capital by reducing the risk perceived by investors. in order to measure the level of voluntary disclosure of the companies, a questionnaire developed for this purpose was used. the cost of equity capital was obtained from publicly available information. a negative and significant relationship between the variables of interest was found, indicating that companies that disclose more information voluntarily has a lower cost of equity capital.
%K disclosure
%K cost of equity capital
%K corporate governance.
%U http://www.scielo.br/scielo.php?script=sci_abstract&pid=S1413-23112011000300002&lng=en&nrm=iso&tlng=en