Nível de disclosure sobre informações representativas de sustentabilidade e sua relação com o número de cooperados em cooperativas de crédito brasileiras

Abstract

The general objective of this thesis was to analyze whether the level of disclosure of information, representative of sustainability, legitimizes the management of the respective Brazilian credit unions in relation to their number of members. The central hypothesis is that the level of disclosure of information, representative of sustainability (MACAGNAN e SEIBERT, 2021), social and cultural, legitimize the management of the respective Brazilian credit unions in relation to their number of members. The research was carried out using indicators of the level of disclosure of information representative of sustainability, in the social and cultural perspectives, based on disclosures made on electronic pages and reports in credit unions in Brazil. The econometric technique used was multiple linear regression by ordinary least squares. The results of the study indicate a positive relationship between the level of information disclosure in the social and cultural perspectives and the number of cooperative members in the analyzed credit unions. The results confirm the literature on disclosure and the theory of legitimacy, indicating that greater disclosure of information from the social and cultural perspectives implies a greater number of members. Managers seeking to legitimize themselves would disclose social and cultural information that reinforce the social contract established between cooperative members and cooperatives. It is also inferred that the disclosure of information in the studied perspectives would influence the perception of the cooperative members that the cooperative operates following the cooperative principles, strengthening its differential compared to other financial institutions, legitimizing its operations in society, allowing the sustainability of the cooperative.