Download or read book Firm Characteristics and the Extent of Voluntary Disclosure written by Mohammed Soliman and published by . This book was released on 2013 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a society depending on real time information, corporate disclosure is crucial for the capital market efficiency. The more disclosures a company makes, the more transparent becomes the information to investors, the lower becomes the information asymmetry and more credible the firms will be for the market. The purpose of this study is to investigate the association between the voluntary disclosure level in annual reports and firm characteristics of more active 50 Egyptian companies listed on the Egyptian Stock Exchange of the non-financial sector during the period 2007-2010. The firm characteristics used in the study are: firm size, auditor size, profitability, and firm's age. A disclosure checklist consisting of 60 voluntary items of information is developed and statistical analysis is performed using multiple regression analysis. The results of univariate and multivariate analyses indicated that firm size and profitability have significant positive association with voluntary disclosure level in annual reports. On the other hand, auditor size and firm's age do not have any significant association with voluntary disclosure level. However, this paper has contributed to the academic literature that firms in the Middle East provide voluntary corporate information which builds a confidence to the investors in general.

Download or read book The Influence of Firm Specific Characteristics on the Extent of Voluntary Disclosure in XBRL written by Devrimi Kaya and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: EXtensible Business Reporting Language (XBRL) is an open standard for the electronic preparation and exchange of business information. The purpose of this paper is to empirically investigate the influence of several firm-specific characteristics on the extent of voluntary disclosure in XBRL. I define voluntary disclosure in XBRL as being an offer of information, whether financial or non-financial, in a new format via the SEC's Voluntary Filing Program (VFP) in addition to official 10-K and 10-Q filings. The extent of voluntary disclosure is measured by a disclosure index with 54 financial and non-financial items. Based on a sample of 51 U.S. listed firms, I find that the extent of overall disclosures in XBRL is associated with firm size and firms' level of innovativeness. Moreover, the results of the study indicate that different factors are important in explaining voluntary disclosures of financial, non-financial, and general information. The results are helpful in understanding firms' disclosure behavior in XBRL under the SEC's Voluntary Filing Program.

Download or read book The Impact of Corporate Governance and Firm Characteristics on the Voluntary Disclosure of Corporate Social Responsibility Information written by Mui Ching Chan and published by . This book was released on 2010 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to investigate the relationship between voluntary disclosure of corporate social responsibility (CSR) information and six firm characteristics, namely: corporate governance; firm size; industry profile; shareholder power; creditor power; and economic performance. The sample companies selected for this study were taken from the top 300 companies traded on the Australian Stock Exchange (ASX) in the year 2004. The Horwath 2005 Corporate Governance Report, which ranks the top 250 Australian companies, was used to proxy for the quality of a companys corporate governance. From an initial sample of 300 annual reports, a final sample of 222 annual reports was obtained after excluding 65 companies for which no corporate governance rating was available and a further 13 companies for a variety of reasons as outlined in chapter 4. The voluntary disclosure of CSR information by Australian companies is analysed using a model developed from two theories. The first is legitimacy theory, which explains the role of legitimacy pressure in determining the voluntary disclosure of CSR information. The second is stakeholder theory, which explains the important role played by stakeholders in determining the voluntary disclosure of CSR information. Using a model based on both these theories should provide a rich understanding of the company characteristics likely to be associated with the voluntary disclosure of CSR information. Multivariate analysis is used to analyse the relationship between various firm characteristics and the amount of voluntary disclosure of CSR information by Australian companies. The three legitimacy pressure variables examined (corporate governance, industry profile and size) were all found to be positively associated with the amount of voluntary disclosure of CSR information by Australian companies. However, no significant association was found between the three stakeholder power variables examined (shareholder power, creditor power and economic performance) and the amount of voluntary disclosure of CSR information. These results suggest, therefore, that legitimacy theory better explains the voluntary disclosure of CSR information by Australian companies, than does stakeholder theory. It is hoped that the findings from this study will contribute to the literature concerning the relationship between various firm characteristics and the voluntary disclosure of CSR information in Australian company reports and, as such, will be of interest to a number of parties, such as: researchers; investors; politicians; and regulators. For example, politicians are currently paying a great deal of attention to {607}global warming and {607}climate change and are in the process of developing carbon emissions trading schemes for Australian companies. The findings from this study should provide useful information to policy makers involved in developing such legislation. Finally, this research study has implications for regulators because it shows that legitimacy pressure and good corporate governance have a strong impact on the voluntary disclosure of CSR information in the annual reports of Australian companies...

Download or read book The Voluntary Disclosure of Financial Statements written by Antonio Chirico and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of our work is to examine the relationship between the level of forward-looking disclosure and firm characteristics (structured-related variables, performance-related variables, and market-related variables)for the period 2008-2010. The results show that firm size and audit firm size were significantly (in all the three years) with the level of forward-looking disclosure. Firm age was also significantly only in the year 2008 and with insignificant in years 2009 and 2010. While, profitability (measured by earning per share) and liquidity ratio were significantly in the years 2009 and 2010, and insignificantly only in the year 2008 with the level of forward-looking disclosure. However, leverage, ownership dispersion, profitability (measured by return equity ratio) and industry type variables were found insignificantly associated with the level of forward-looking information disclosed in the annual reports for all the three years.

Download or read book Voluntary Disclosure of Company Information Costly Additions or a step towards Competitive Advantage written by Patrick Roy and published by diplom.de. This book was released on 2001-12-12 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: In a first step, this ERP derives the theoretical necessity to provide voluntary strategic and non-financial Information. It is argued that companies are an integral part of a common environment and society, acting in a framework of interdependent relationships. A company is more and more seen as a community of interests of different groups, and it can only act in an optimal way if the demands of all groups are taken into account and its behaviour is adjusted accordingly. In this context, interest groups' demands for company Information depend an the possibilities of improvements in decision making or monitoring that arise with its use, which in turn is mainly determined by the potential of Information to reduce uncertainty in the areas of interest. For external decision-makers, uncertainty often arises from sources about which conservative company statements provide little insight. Due to the traditional, finance-oriented concept of disclosure, this is particularly true for strategic and non-financial aspects. Related additional Information that is voluntarily provided can considerably reduce uncertainty, even more so as part of audited statements. Conventional financial reporting and existing disclosure requirements will generally not nearly satisfy those information needs of user groups. Any economic action, though, should only be taken if related benefits are exceeding related costs. This priority of economicalness also holds for companies' production, processing and disclosure of Information. Therefore, it is necessary to consider as detailed as possible potential opportunities and disadvantages for voluntarily disclosing company Information both an and outside capital markets. This is done in a second major part of the present work. First, voluntary disclosure can potentially affect share prices and thereby the market value of the firm, markets not being strong-form efficient. So, by giving company Information, a higher market value can directly be induced, thereby potentially lowering the cost of capital which, for example, improves the company's competitive position in the battle for cheap additional financing. [...]

Download or read book Managing Risk to Enhance Stakeholder Value written by and published by . This book was released on 2002 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Determinants for the Extent of Voluntary Disclosure and Firm Performance in Egypt written by and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Firm Internal Characteristics and Challenges of Voluntary Disclosure in Emerging Economy written by Isaac Monday Ikpor and published by . This book was released on 2020 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examined the extent of voluntary information disclosure by top 61 entities listed in Nigeria Stock Exchange (NSX).The study further examine the influence of internal attributes on disclosure of non-financial information in the annual reports and accounts of firms. Using a self-constructed disclosure index, the study documents that entities listed in NSX do not provide extensive non-financial information in the annual reports and accounts. Additionally, finding indicates evidence of external factor differences in the correlates of voluntary disclosure practices. The finding of the study suggests the importance of internal attributes such as size, ownership structure etc in shaping disclosure practices in Nigeria. This study will contribute to policy formulation in Nigeria.

Download or read book The Impact of Corporate Attributes on the Extent of Voluntary Disclosure and Reporting by Listed Companies in Bangladesh written by Sumon Das and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this study is to determine the extent and level of voluntary reporting of the listed companies in Bangladesh. It also explores the potential effects of corporate governance characteristics, ownership aspects and firm characteristics on voluntary reporting. The sample of the study consists of 123 companies with 861 firm year observations listed in the Dhaka Stock Exchange, Bangladesh for the year 2004 to 2010. To measure the extent of reporting self constructed checklists have been used which contains 97 items focusing on corporate social reporting, corporate environmental reporting and corporate sustainability reporting. The study found that level of total voluntary reporting in the annual reports of listed Bangladeshi companies is low. However, a gradual increase in the extent of voluntary reporting and its categories has been noticed over the period of study. Through regression analysis, the outcomes show significant positive relationship between voluntary reporting and firm size, firm's liquidity, percentage of independent directors and board structure while it has significant negative relationships with market categories, company age and number of independent directors. However, audit committee and board size have a non-significant relationship with voluntary reporting of the listed Bangladeshi companies over the examined period.

Download or read book The Relationship Between Auditing Expectations Gap and Voluntary Corporate Disclosure written by and published by . This book was released on 2008 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Corporate Governance Regimes written by Joseph McCahery and published by Oxford University Press, USA. This book was released on 2002 with total page 728 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an up-to-the-minute survey of the field of corporate governance, focusing particularly on issues of convergence and diversity. A number of topics are discussed including bankruptcy procedures, initial public offerings, the role of large stakes, comparative corporate governance, and institutional investors.

Download or read book Earnings Quality written by Jennifer Francis and published by Now Publishers Inc. This book was released on 2008 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.

Download or read book Quantitative Data Analysis with SPSS for Windows written by Alan Bryman and published by Psychology Press. This book was released on 1997-01 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantitative Data Analysis with SPSS for Windows explains statistical tests using the latest version of SPSS, the most widely used computer package for analysing quantitative data. Using the same formula-free, non-technical approach as the highly successful non-windows version, it assumes no previous familiarity with either statistics or computing, and takes the reader step-by-step through each of the techniques for which SPSS for Windows can be used, including: correlation simple and multiple regression multivariate analysis of variance and covariance factor analysis The book also contains a comprehensive range of exercises with answers, and covers issues such as sampling, statistical significance, and the selection of appropriate tests.

Download or read book The Association Between Firm Characteristics and Corporate Financial Disclosures written by Khaled Aljifri and published by . This book was released on 2014 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides empirical evidence of the impact of firm specific characteristics on corporate financial disclosures amongst UAE companies. A total of 153 public, joint-stock companies, listed and unlisted, were incorporated at the time of study. Both descriptive statistics and multiple regression analyses are used to test the relationship between the characteristics of UAE firms and the extent of their financial disclosure. Eight hypotheses were established to examine the relationship between a number of explanatory variables (namely, type of industry, listing status, return on equity, liquidity, market capitalization, foreign ownership, non-executive directors, and audit committee) and the extent of disclosure in corporate annual reports. The results of this study show that listing status, industry type, and size of firm are found to be significantly associated with the level of disclosure. This finding not only provides support for previous studies, but also is of relevance to those in the UAE who want to understand corporate disclosure and should also be of interest to UAE user-groups. Conclusions drawn from this study may be of interest to policy makers and regulators who want to improve corporate financial disclosure in their countries.

Download or read book The Impact of Firm Ownership Structure on Voluntary Disclosure written by Anil K. Makhija and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the impact of ownership structure on the extent of voluntary financial disclosure by examining the cross-sectional variation in the extent of disclosure in 1993 annual reports of newly privatized non-financial Czech firms included in the Prague stock Exchange 50 Index. A study of this sample forms a unique natural experiment to examine the impact of ownership on disclosure because the firms' ownership structures were exogenously set during the period studied and because the Czech accounting regime provided for great flexibility in the annual report disclosure choices of firms in 1993. In our conceptual model, owners derive benefits both directly from the firm and from changes in share values in the capital market. Both types of benefits are affected by the extent of disclosure made by the firm. We derive testable hypotheses regarding the effect of ownership on extent of disclosure based on owners' attempts to maximize their total benefits from ownership. As predicted by our hypotheses, we find that concentration of ownership and the size of stakes held by internal and external owners significantly affect the extent of disclosure, after controlling for non-ownership factors.

Download or read book Measuring Capital in the New Economy written by Carol Corrado and published by University of Chicago Press. This book was released on 2009-02-15 with total page 602 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the accelerated technological advances of the past two decades continue to reshape the United States' economy, intangible assets and high-technology investments are taking larger roles. These developments have raised a number of concerns, such as: how do we measure intangible assets? Are we accurately appraising newer, high-technology capital? The answers to these questions have broad implications for the assessment of the economy's growth over the long term, for the pace of technological advancement in the economy, and for estimates of the nation's wealth. In Measuring Capital in the New Economy, Carol Corrado, John Haltiwanger, Daniel Sichel, and a host of distinguished collaborators offer new approaches for measuring capital in an economy that is increasingly dominated by high-technology capital and intangible assets. As the contributors show, high-tech capital and intangible assets affect the economy in ways that are notoriously difficult to appraise. In this detailed and thorough analysis of the problem and its solutions, the contributors study the nature of these relationships and provide guidance as to what factors should be included in calculations of different types of capital for economists, policymakers, and the financial and accounting communities alike.

Download or read book Methodological issues in accounting research written by Zahirul Hoque and published by Spiramus Press Ltd. This book was released on 2018-03-26 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is my theory? How do I choose a theory? Why and how should I employ a particular method for collecting the empirical data? These basic questions concern everyone involved in research. A research study can be a voyage of discovering or choice of theoretical perspective as well as gathering empirics or facts on a problem or situation. This book provides a good guideline as to why and how to choose a particular theory or method to study an organisational phenomenon such as accounting. All the chapters provide both retrospective and contemporary views by scholars in the field. Each chapter documents the latest developments and research in accounting and control systems and provides valuable insights into methodological perspectives in accounting research. This second edition has also introduced a number of new chapters covering strategy-management control as practice, grounded theory approach, institutional logic and rhetoric, social interaction theory, actor-network theory and practice theory. The book is primarily intended for research students and academic researchers. It can also be used for undergraduate Honours course as well as postgraduate accounting and business methodology courses. Research organisations and consulting firms in accounting and business fields may also find this book useful. The principal aims of this second edition are (1) to update the chapters previously published in 2006 and (2) to introduce new chapters documenting recent developments in accounting research.