A longitudinal study of the interplay of corporate collapse, accounting failure and governance change in Australia: Early 1890s to early 2000s

Carnegie, Garry D.; O’Connell, Brendan

doi:10.1016/j.cpa.2013.04.001

Cited by 40 publications

(45 citation statements)

References 32 publications

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“…The issue of corporate governance was highlighted after the East Asian financial crisis and collapse of Enron and WorldCom in the United States. Corporate governance has emerged out of the need to strengthen mechanisms for corporate control [3][4][5]. Not only developed countries but also developing countries have initiated various programmes for corporate governance by developing and initiating codes of corporate governance [6].…”

Section: Introductionmentioning

confidence: 99%

Does Corporate Governance Affect Sustainability Disclosure? A Mixed Methods Study

Mahmood

Kouser

Ali³

et al. 2018

Sustainability

182

154

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This research paper aims to understand the impact of corporate governance (CG) on economic, social, and environmental sustainability disclosures. This paper adopted an explanatory sequential mixed methods approach. The data regarding corporate governance and sustainability disclosure were collected from top 100 companies listed on the Pakistan Stock Exchange (PSE) for the period ranging from 2012 to 2015. In addition to the quantitative data, we collected qualitative data through interviews with five board members of different companies. Overall, our results indicate that CG elements enhance sustainability disclosures. This study concludes that a large board size consisting of a female director and a CSR committee (CSRC) is better able to check and control management decisions regarding sustainability issues (be they economic, environment, or social) and resulted in better sustainability disclosure. This paper, through quantitative and qualitative analysis, provides a methodological and empirical contribution to the literature on corporate governance and sustainability reporting in emerging and developing countries.

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Section: Introductionmentioning

confidence: 99%

Does Corporate Governance Affect Sustainability Disclosure? A Mixed Methods Study

Mahmood

Kouser

Ali³

et al. 2018

Sustainability

182

154

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“…A quick Google search produces a comprehensive list of such scandals across countries and intervals. In the context of Australia, Garry et al (2014) reported that these corporate scandals were cyclical over four rounds of corporate failures (i.e. early 1960s, late 1980s, early 1990s and the early 2000s), and that these corporate scandals were followed by a series of changes in governance (i.e.…”

Section: Introductionmentioning

confidence: 99%

Impact of the Accounting Information System on Corporate Governance: Evidence from Turkish Non-Listed Companies

Uyar¹,

Güngörmüş²,

Kuzey³

2017

AABFJ

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Corporate scandals in the early 2000s have demonstrated how accounting and auditing failures, together with the abuses of managers have the ability to create major problems. In order to avoid future scandals, this study investigates the association between the accounting information system and corporate governance. We hope that these findings will contribute towards the enhancement of good corporate governance created by the accounting function of business organizations. The results of empirical analyses indicate that bookkeeping, financial reporting, and the budgeting system have a positive impact on the corporate governance level, whereas the adoption of Turkish Accounting / Financial Reporting Standards do not. Thus, in order to foster corporate governance, managers should establish internal reporting procedures as well as internal control and monitoring devices before attempting external control through independent auditing. AbstractCorporate scandals in the early 2000s have demonstrated how accounting and auditing failures, together with the abuses of managers have the ability to create major problems. In order to avoid future scandals, this study investigates the association between the accounting information system and corporate governance. We hope that these findings will contribute towards the enhancement of good corporate governance created by the accounting function of business organizations. The results of empirical analyses indicate that bookkeeping, financial reporting, and the budgeting system have a positive impact on the corporate governance level, whereas the adoption of Turkish Accounting / Financial Reporting Standards do not. Thus, in order to foster corporate governance, managers should establish internal reporting procedures as well as internal control and monitoring devices before attempting external control through independent auditing. JEL Classification: M40, G34.

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“…Previous researchers have explored the reasons for corporate scandals and the insufficient recovery of corporate performance in case studies [5,[7][8][9]. However, the time delay between corporate scandals and corporate performance has received little attention.…”

Section: Introductionmentioning

confidence: 99%

“…However, most companies fail to manage such situations after a scandal. Carnegie and O'Connell [9] conducted surveys on corporate scandals and their substantial impacts on corporate performances. Their longitudinal study of Australian enterprises revealed that governance reforms following corporate scandals have been largely ineffective across the corporate sector [9].…”

Section: Introductionmentioning

confidence: 99%

“…Carnegie and O'Connell [9] conducted surveys on corporate scandals and their substantial impacts on corporate performances. Their longitudinal study of Australian enterprises revealed that governance reforms following corporate scandals have been largely ineffective across the corporate sector [9]. Their report implies that corporate reactions after scandals have generated few structural changes in corporate cultures.…”

Section: Introductionmentioning

confidence: 99%

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Why Does a Company Fail to Manage a Corporate Scandal?

Minato

2016

Int J Jpn Assoc Mgt Sys

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Companies endeavor to manage corporate scandals, but cannot always recover from the downturns. The present paper aims to reveal the fundamental structure behind the lagged impact of a corporate scandal on its sales decline, and to identify systemic causes of management failures. To this end, a Systems Dynamics model is developed and simulated using data presented in a White Paper on the National Lifestyle 2008 published in Japan. The results show that corporate scandals are more difficult to manage when the scandal is followed by a temporal improvement without recognizing the steeper customer turnover induced by the time delay. Appropriate reactions to a corporate scandal are indispensable for prompt recovery, but their forms depend on the severity of the initial impact of the scandal. In cases of limited initial impact, no reaction may yield a more desirable result than taking some form of action. This implies that an overreaction to a small corporate scandal may ultimately accelerate the sales decline. Ethical issues aside, this fact may cause intentional concealment of corporate scandals.

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A longitudinal study of the interplay of corporate collapse, accounting failure and governance change in Australia: Early 1890s to early 2000s

Cited by 40 publications

References 32 publications

Does Corporate Governance Affect Sustainability Disclosure? A Mixed Methods Study

Does Corporate Governance Affect Sustainability Disclosure? A Mixed Methods Study

Impact of the Accounting Information System on Corporate Governance: Evidence from Turkish Non-Listed Companies

Why Does a Company Fail to Manage a Corporate Scandal?

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