Nowadays, Internet Financial Reporting (IFR) disclosure is the global way to display firm performance to investors and stakeholders. Hence, it is imperative that firms properly manage their IFR disclosure to ensure their existence is conspicuous to the world in order to foster their firm value. We believe that in order to manage IFR disclosure, firms would probably behave either ritualistically or opportunistically in terms of their IFR disclosure position. In this study, we propose a quantitative measurement for the IFR disclosure position, i.e. utilizing IFR presentation score, taking into consideration latest IFR rules and regulations worldwide as well as relevant extant empirical studies. Based on a sample of 320 Malaysian listed firms in year 2012, our regression analysis shows that our quantitative measurement for the IFR disclosure position variable has a positive association with firm value. We found that 87 firms, categorized as poor performing seems to manage their IFR disclosure position ritualistically. While 233 firms, categorized as well performing manage their IFR disclosure position opportunistically. Hence, our study provide circumstantial evidence that firms' financial performance has a relationship with IFR disclosure position. In further analysis, our findings show that stakeholders seem to perceive ritualistic IFR disclosure's position is empirically valid to value poor performing firms. However, stakeholders seem to negate the opportunistic IFR disclosure position in valuing well performing firms even though theoretically the opportunistic IFR disclosure position should be able to offer vast benefits that could enhance firms' value. Our findings should be useful to firms and stakeholders likewise in making firms' valuation taking into consideration the existence of firms' financial performance and IFR disclosure position.
Globally, we face a rapid double growth of the ageing population that urges an integrated framework plan by connecting the health and social care disciplines as a shared and continuum of care approach. Bridging the gap between health and social care is required to meet the demand of ageing population needs, the readiness of the stakeholders, and community as a holistic approach. This article provides an overview of the evidence gap between social care and healthcare through a scoping review. Articles retrieved related to social and health care for older adults in the Asia region were identified through a compilation of PubMed, SAGE, Springer, and Google Scholar searches between the years 2015 to 2021. Only twelve articles were used for result generation. The majority highlights the constraint on financial support, issues related to culture, human resource competency and community participation. The systematic review of the current work provides valuable insight for future researchers and policymakers in designing sustainable development integrated long term care (LTC) framework models and plans.
There is a significant development in the accounting practices and communication due to the rapid growth of internet technology. Nonetheless, until today, financial
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