Resumen

ALMEIDA-SANTOS, Paulo  y  SCARPIN, Jorge. Financial factors of the disclosure of contingent liabilities of the largest Brazilian cities. Rev. Portuguesa e Brasileira de Gestão [online]. 2013, vol.12, n.1, pp.13-24. ISSN 1645-4464.

The paper aims to identify if the same financial factors determinants of public debt are related to the disclosure of contingent liabilities of the largest Brazilian cities. The design of this research is characterized as a descriptive study, with documentary research procedure, and a quantitative approach to the problem, analyzing the cities that have more than one hundred thousand populations. From the theory of public debt are raised eight financial factors through logistic regression model related to the disclosure of contingent liabilities held by municipalities surveyed. The empirical results suggest that the probability of disclosure of a contingent liability is greater, especially, when the city has the largest amount of own revenue. However, when the city features largest personnel expenses and a permanent satisfactory result, the likelihood of disclosing any type of contingent liability is smaller.

Palabras clave : Government Debt; Financial Factors; Contingent Liabilities.

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