The impact of the level of disclosure on the Return on Asset and Return on Equity indicators of Brazilian publicly traded companies in the education sector.

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Quantitative analysis reveals higher disclosure correlates with lower return on assets and equity in Brazil's publicly traded education firms.

Greater disclosure of information leads to lower profitability indicators in Brazilian education companies.
The study found that return on assets and return on equity were significantly impacted by disclosure levels.
Using multiple linear regression with panel data, the research analyzed financial statements across various firms.
The results highlight the importance of strategic information disclosure for decision-making processes in finance.

Silva et al. (2021) studied this question.

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Quantitative analysis reveals higher disclosure correlates with lower return on assets and equity in Brazil's publicly traded education firms.