Board composition, regulatory regime and voluntary disclosure

Cheng, Eugene C.M.; Courtenay, Stephen M.

doi:10.1016/j.intacc.2006.07.001

Cited by 680 publications

(642 citation statements)

References 40 publications

Supporting

Mentioning

501

Contrasting

Unclassified

Order By: Relevance

“…Furthermore, Elzahar and Hussainey (2012) stated that the increased board size may lead to an increase in the number of directors who have a financial or accounting background, which could have a positive influence on corporate environmental disclosure (Elzahar and Hussainey 2012). Consistent with these arguments, the results of the empirical studies such as Janggu et al (2014), Ntim et al (2013), Jizi et al (2014), Haji (2012), Akhtaruddin et al (2009), Buniamin et al (2011), Sun et al (2010, Cheng and Courtenay (2006), Liao et al (2014), Allegrini and Greco (2013), Samaha et al (2015), Lim et al (2007), Kathyayini et al (2012), Hidalgo et al (2011) documented a positive relationship between the board size and the level of disclosure.…”

Section: Board Sizementioning

confidence: 72%

“…In line with these theoretical arguments, the results of empirical studies usually indicate that the proportion of independent directors on the board has a positive impact on the volume of voluntary disclosure, including environmental disclosure (e.g., Ntim et al 2013;Gisbert and Navallas 2013;Rupley et al 2012;Arcay and Vazquez 2005;Sharif and Rashid 2014;Jizi et al 2014;Barros et al 2013;Khan et al 2013;Cheng and Courtenay 2006;Liao et al 2014;Allegrini and Greco 2013;Cai et al 2014).…”

Section: Board Independencementioning

confidence: 85%

“…On the other hand, it is possible to say that there has been relatively few attempts to investigate the relationship between corporate governance structure and environmental information disclosure, especially in the context of emerging economies (Michelon and Parbonetti 2012;Khan et al 2013). However, corporate governance mechanisms, in particular board structure, could be an important determinant of environmental disclosure, since firms' disclosure policies are basically determined by the board of directors (Ernstberger and Grüning 2013;Allegrini and Greco 2013;Cheng and Courtenay 2006;Gul and Leung 2004;Cormier et al 2015;Iatridis 2013;Arcay and Vazquez 2005;Michelon and Parbonetti 2012).…”

Section: The Relationship Between Board Characteristics and Environmementioning

confidence: 99%

See 2 more Smart Citations

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Akbaş

2016

South East European Journal of Economics and Business

View full text Add to dashboard Cite

This study primarily aims to analyze the relationship between selected board characteristics and the extent of environmental disclosure in annual reports of Turkish companies, using a sample of 62 non-financial firms listed on the BIST-100 index at the end of 2011. The content analysis is used to measure the extent of environmental disclosure. Four board characteristics, namely board size, board independence, board gender diversity and audit committee independence, are considered as the independent variables that may have an impact on the extent of the environmental disclosures of Turkish companies. According to the results of the regression analysis, only board size has a statistically significant and positive relationship with the extent of environmental disclosure. This result implies that firms with larger boards disclose more environmental information than firms with smaller boards. On the other hand, the rest of the independent variables are found to be unrelated to the extent of environmental disclosure. The low degree of independence and gender diversity on the boards of the sample companies for the time period analyzed in the study could be one possible explanation for this result.

show abstract

Section: Board Sizementioning

confidence: 72%

Section: Board Independencementioning

confidence: 85%

Section: The Relationship Between Board Characteristics and Environmementioning

confidence: 99%

See 1 more Smart Citation

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Akbaş

2016

South East European Journal of Economics and Business

View full text Add to dashboard Cite

show abstract

“…This suggests that the degree of Board independence is directly related to the quality of information that firms issues (Cheng and Courtenay 2006). Also, CG literature has affirmed that a greater degree of Board independence provides more control over the development of company activities and a better defence of the issue of information as a mechanism to carry out processes of accountability to different groups of business interest, because the external directors are not linked to the management of the entity (Willekens et al 2005;Karamanou and Vafeas 2005;Cheng and Courtenay 2006).…”

Section: Board Independencementioning

confidence: 99%

Does Corporate Governance Influence Earnings Management in Latin American Markets?

2013

View full text Add to dashboard Cite

Although US and European research has documented improvement in earnings quality associated with corporate governance characteristics, the situation in Latin America is questionable, given the business environment in which firms operate, which is characterized by controlling family ownership and weak legal protection. The purpose of this study is to examine the relation between the internal mechanisms of Corporate Governance and Earnings Management measured by discretionary accrual. We use a sample of listed Latin American non-financial companies from the period 2006-2009. Our results show how in the Latin American context the role of external directors is limited and that Boards which meet more frequently take a more active position in the monitoring of insiders, so showing a lower use of manipulative practices. In addition, we find a non-linear relation between insider ownership and discretionary accruals, also pointing to the fact that ownership concentration may be a manipulative practices constrictor mechanism only when the ownership of main shareholders is moderate. The findings have important policy implications since this is, to the best of our knowledge, the first study to analyze the relation between the effectiveness of the government and the earnings management behavior. As policy implications, we document how when a country implements controls aimed at reducing corruption, strengthening the rule of law or improving the effectiveness of government, this leads to a reduction in firm earnings management.

show abstract

“…In particular, boards with a higher proportion of outside or independent directors will increase the monitoring of management because they are not affiliated to any internal parties from the company (Weir and Laing, 2003;Chau and Leung, 2006;Klai and Omr, 2011;Ho et al, 2013). Prior studies have also found that the presence of independent directors on boards may improve the quality of financial statements and corporate disclosures (Chen and Jaggi, 2000;Xie et al, 2001;Cheng and Courtenay, 2004;(Samaha et al, 2012;Al-Moataz and Hussainey, 2010;. For example, Mak and Li (2001) examined the determinants and interrelationships among corporate ownership characteristics and boards of directors using a sample of Singaporean listed firms.…”

Section: H3: Sector Membership Explains Fi Disclosures Corporate Govementioning

confidence: 99%

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

Board composition, regulatory regime and voluntary disclosure

Cited by 680 publications

References 40 publications

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

The Relationship Between Board Characteristics and Environmental Disclosure: Evidence from Turkish Listed Companies

Does Corporate Governance Influence Earnings Management in Latin American Markets?

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

Contact Info

Product

Resources

About