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This study investigated the relationship between the voluntary disclosure of social information and characteristics of Brazilian public companies listed on the BM & F Bovespa, assuming the hypothesis that voluntary disclosure of social information is positively related to firm size, profitability, indebtedness, participation in the ISE portfolio and liquidity of the shares with a sample made up of 70 companies that disclosed their sustainability reports in 2012. For the analysis of voluntary disclosure level we used a metric developed from studies Gonçalves

Relação entre Divulgação Voluntária de Informações Sociais e Características das Empresas de Capital Aberto