Revista Ean · 2024
Transparency in utility companies listed in Latin America: Online financial disclosure
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Resumen
This paper aims at examining financial information disclosure practices by utility Companies (UCs) listed in México, Chile, Colombia, and Perú, and identify online financial information disclosure determinants. This study employed a sample of 70 listed UCs, and an Internet Financial Information Index (IFI) appropriate for the UC industry's particularities. Furthermore, a multivariate analysis by ordinary least squares is performed to identify the determinants behind the IFI disclosure results. The results show that listed UCs display an average of 67.9% IFI disclosure. The company size and return on equity variables showed a positive and meaningful relationship with IFI, while indebtedness and return on assets showed a significant yet negative relationship with it.