Impact of Disclosure Level in the Cost of Capital of Brazilian public companies of Civil Construction Sector

Juliana Sahão Bizelli, Andrei Aparecido de Albuquerque, Kamyr Gomes de Souza


This research aimed to analyze the effect of disclosure level on the cost of capital of Brazilian public companies of construction sector. Basically, this study aimed to validate the negative relationship between the variables in the Brazilian capital market, as in international markets. The methodology used was quasi-experimental research the type ex post facto, applying multiple linear regression with panel data. In the results wasn’t found significant relationship between disclosure and cost of capital. So it wasn’t provided the negative relationship express by the theory between disclosure level and cost of capital in this business segment in the analyzed period.


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.






Revista de Administração da UFSM. Brazilian Journal of Management

Universidade Federal de Santa Maria, Santa Maria, Rio Grande do Sul, Brasil, eISSN 1983-4659