Accounting for financial instruments: An analysis of the determinants of disclosure in the Portuguese stock exchange

Lopes, Patrícia Teixeira; Rodrigues, Lúcia Lima

doi:10.1016/j.intacc.2006.12.002

Cited by 254 publications

(373 citation statements)

References 65 publications

Supporting

Mentioning

301

Contrasting

Unclassified

Order By: Relevance

“…Surprisingly, the current study provides strong evidence about the relationship between the corporate governance variable and FI disclosure. This evidence is inconsistent with Lopes and Rodrigues (2007) who failed to find such a result. Another explanation for the results of the current study may be the context of Jordan.…”

Section: Insert Tables 4 and 5 Herecontrasting

confidence: 62%

“…In addition, Hassan et al (2006; provided evidence that firm size, the price earnings ratio and the ratio of debt to equity had a significantly positive association with the level of derivative disclosure. More recently, Lopes and Rodrigues (2007) detected a positive association between firm size, industry and listing status and the level of FI disclosure 1 .…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 98%

“…The only exception to this generalization is the study by Lopes and Rodrigues (2007) which analysed the determinants of voluntary FI disclosure provided by Portuguese listed firms as compared to that required under the International Accounting Standard (IAS) 32 and IAS 39. However, the current study adopts a different perspective to study the phenomena that is being 3 addressed.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

View full text Add to dashboard Cite

Abstract:The current study investigates factors affecting Financial Instruments (FI) disclosure for a sample of Jordanian listed companies (82 firms) over two consecutive years (2013 and 2014). An un-weighted disclosure index is used to examine the extent of FI disclosure. In addition, the study employs a number of multiple regression models to examine the determinants of FI disclosure. The findings indicate that the level of FI disclosure provided by the sample firms is relatively low with only 52% of FI-related items being supplied. In addition, the results illustrate that the level of FI-related disclosure has a statistically positive association with firm size, the audit firm employed and corporate governance attributes. However, the current study fails to document significant associations between FI disclosure and firm industry or ownership structure variables. This research provides a number of insights for policy makers. First, the results of the current study could help the IASB when revisiting FI-related accounting standards to consider an emerging country's perspective. In addition, it provides some insights to accounting regulators in Jordan about how Jordanian listed firms respond to IFRS 7 requirements.

show abstract

Section: Insert Tables 4 and 5 Herecontrasting

confidence: 62%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Tahat

Mardini

Power

2017

AAJFA

View full text Add to dashboard Cite

show abstract

“…a value of "1" for disclosure and a value of "0" for non disclosure, which is consistent with various NMD studies (Arcay & Vázquez, 2005;Collett, & Hrasky, 2005;Elsayed & Hoque, 2010;Haniffa & Cooke, 2005;Hossain & Hammami, 2009;Hossain et al, 1995;Latridis & Valahi, 2010;Lopes & Rodrigues, 2007). However, this un-weighted approach makes the assumption that all disclosures are of equal importance where in fact some disclosures may be more relevant and useful to stakeholders then others and therefore should hold a greater weightage than those disclosures that are not (Barako et al, 2006).…”

Section: Initially To Determine What Nmd Is and What Is Not Various Isupporting

confidence: 82%

“…This equation has been adapted primarily from Hossain and Hommami (2009) and also follows the same approach as Elsayed and Hoque (2010); Haniffa and Cooke (2005); and Lopes and Rodrigues (2007). Through establishing a disclosure scorecard it creates a framework which enables a quantification analysis through counting the words of the NMD to measure the extent and trend of NMD in annual reports.…”

Section: Initially To Determine What Nmd Is and What Is Not Various Imentioning

confidence: 99%

Developments in non-mandatory disclosures in annual reports of companies: a case study

Sharma

Low

Davey

2013

IJEA

View full text Add to dashboard Cite

Abstract:The paper investigates the extent of non-mandatory disclosure of information (NMD) in the annual reports of the 17 companies listed on the South Pacific Stock Exchange (SPSE) in Fiji, a developing country, and whether NMD by these companies has changed over time providing additional and useful information to stakeholders. The empirical data was gathered from the years 2008 to 2010 to provide a clear picture of the change in the level and extent of NMD, and its influences over the periods 2008 to 2010. It can be seen from the Fiji perspective that the mandatory requirements tend to have a financial focus. However, it would be expected that the level of company disclosures would have changed over time, with not only global market forces but through differing societal values which have increased the frequency and demand of non-mandatory reporting by companies. All companies showed some degree of NMD, and on average this demonstrates an increasing trend. The stakeholders are receiving more information about a company's activities. The companies were analysed in light of recent developments in corporate governance by the Capital Markets Development Authority (CMDA) implementing their 10 corporate governance principles. This became a major driver of the increase in NMD levels of the disclosures in the annual reports of the listed companies. However, a large variation still exists between the level and extent of the NMD and the different listed companies. The minimum disclosure level found over the three years was 9.09 percent, which has increased to a minimum of 13.66 percent in 2010, and the maximum disclosure level over the three years was 81.82 percent. The findings for the extent of NMD was also similar where the minimum words used in NMDs was 114, increasing to 854 in 2010, and the maximum disclosure extent over the three years was 21,414 words. However, it was found that the measurement of counting words tended to fluctuate over different periods where significant events took place that affected the company. Therefore, it was established that disclosure is impacted by what happens in the reporting period, and can explain why one period may have greater disclosure than another.

show abstract

Sustainability reporting and stakeholder engagement inSpain: Different instruments, different quality

2018

View full text Add to dashboard Cite

The purpose of this paper is to compare the quality of the sustainability information issued following the three most common reporting models: annual report (addressed to shareholders), sustainability report (addressed to stakeholders), and integrated report (addressed to shareholders). To this aim, we create a quality index based on previous literature, analyzing the content of the sustainability information disclosed by Spanish listed companies during the years 2013 to 2015. We find that companies issuing sustainability reports or integrated reports provide higher quality information than companies including their sustainability information within the annual report. We also find that sustainability reports are issued with higher quality than integrated reports. Both findings indicate that companies in Spain are engaged in a dialogue with all stakeholders, not only shareholders. Our results offer insights on the need to improve the framework of the integrated report in order to achieve the objectives of the International Integrated Reporting Council and to get a speed up in the adoption of this new reporting tool.

show abstract

Accounting for financial instruments: An analysis of the determinants of disclosure in the Portuguese stock exchange

Cited by 254 publications

References 65 publications

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Factors affecting financial instruments disclosure in emerging economies: the case of Jordan

Developments in non-mandatory disclosures in annual reports of companies: a case study

Sustainability reporting and stakeholder engagement inSpain: Different instruments, different quality

Contact Info

Product

Resources

About