Discretionary Disclosure of Reserves by Oil and Gas Companies: An Economic Analysis

Craswell, Allen; Taylor, Stephen L.

doi:10.1111/j.1468-5957.1992.tb00626.x

Cited by 234 publications

(173 citation statements)

References 25 publications

(30 reference statements)

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“…Ownership concentration is not a determinant of voluntary disclosure level and the finding contradict with the expectation of agency theory and consist with the findings of Craswell and Taylor (1992).…”

Section: Discussioncontrasting

confidence: 55%

“…The significant positive sign of the firm's size which is consisting with the many of prior studies indicate that the companies having (Ahmed and Nicholls, 1994), small firms fear competition and therefore they are tended to disclose less information than their larger competitive firms (Craswell and Taylor, 1992;Wallace et al, 1994, pressure which comes from the stakeholders is more in larger firms than smaller firms to disclose more voluntary disclosures (Habbash et.al. 2016).…”

Section: Discussionmentioning

confidence: 67%

“…1994;Barako et.al 2006;Lim et al 2007identified negative relationship. Whilst Craswell andTaylor (1992) found no relationship between ownership structure and voluntary corporate disclosure.…”

Section: Ownership Concentrationmentioning

confidence: 99%

See 2 more Smart Citations

The Extent and Determinants of Voluntary Disclosures in Annual Reports: Evidence from Banking and Finance Companies in Sri Lanka

Abeywardana

Panditharathna²

2016

AFR

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Corporate disclosures are essential for every stakeholders. Hence, in excess of mandatory disclosures companies are voluntary disclosed information. The voluntary disclosure level is different from company to company and there may be some factors which are affect to this variation. Therefore, the objectives of this study are to identify the extent of voluntary disclosure level and its determinants. In order to achieve these objectives the study develop a voluntary disclosure index including 83 items and the nine sub categories which include in this index analyzed by employing content analysis in the annual reports of quoted public banking and finance companies for the time period of 2012 to 2015. Furthermore, this study analyze the selected variable to identify the determinants of voluntary disclosure level by employing panel data analysis. The study find that disclosures about general information, corporate environment, financial performance and risk management has more than 61% level and Corporate strategy, forward looking information, human and intellectual capital, competitive environment and outlook and corporate social responsibility information have less than 45% average in 2015 and it indicates that there is a much room for improvement in the context of voluntary disclosures. Furthermore, the study find that firm size, profitability, firm's age, leverage and board independence as determinants of voluntary disclosure level and among them firm size, profitability and firm's age have positive relationship and leverage and board independence has negative relationship.

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Section: Discussioncontrasting

confidence: 55%

Section: Discussionmentioning

confidence: 67%

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The Extent and Determinants of Voluntary Disclosures in Annual Reports: Evidence from Banking and Finance Companies in Sri Lanka

Abeywardana

Panditharathna²

2016

AFR

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“…Watts and Zimmerman (1983) and Craswell and Taylor (1992) put forward the view that choice of external auditor is a mechanism that helps alleviate conflicts of interest between managers and shareholders. Jensen and Meckling (1976) and Watts and Zimmerman (1983) also argued that large audit firms act as a mechanism to reduce agency costs and exert more of a monitoring role by limiting opportunistic behaviour by managers.…”

Section: Type Of Auditormentioning

confidence: 99%

Compliance with International Financial Reporting Standards by Listed Companies in Ghana

Atsunyo¹,

Marfo-Yiadom²

2014

IJBM

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This study examined the extent to which companies listed on the Ghana Stock Exchange (GSE) comply with International Financial Reporting Standards' (IFRSs) presentation and disclosure requirement. With the aid of a checklist, an index of compliance was devised to quantify the level of compliance. This was applied to the 2010 financial statement of 31 companies listed on the GSE. Descriptive statistics was used to analyse the extent of compliance by companies categorised in line with industry classification of the GSE. The study further examined relationships between company attributes and the extent of compliance. In addition, factors influencing the extent of IFRSs compliance are revealed using correlation and multiple regression analysis. ANOVA was employed to explore statistically significant differences between industry types with regards to their extent of compliance.The findings revealed an overall mean compliance of 85.8% in Ghana. Company attributes of size, profitability, auditor type, internationality and industry type associate positively with IFRSs compliance. ANOVA results revealed differences between industry types with regards to their compliance rate.The study recommends that the Institute of Chartered Accountants Ghana liaise with regulators to organise regular training programmes for companies to provide a practical guide for full compliance since the IFRSs receive continuous amendment.

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“…Bradbury (1992) finds a significantly positive association between leverage and the extent of voluntary segment disclosure in diversified companies. However, report a significant negative relationship between leverage and voluntary disclosure for U.S., U.K., and continental European multinationals, although Chow and Wong-Boren (1987) and Craswell and Taylor (1992) find no relationship between leverage and disclosure in their samples.…”

Section: Voluntary Disclosure and Leveragementioning

confidence: 96%

Voluntary Disclosure in the Annual Reports of Financially Distressed Companies in Indonesia

Wijantini¹

2006

GADJAH MADA INT. J. BUS.

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Discretionary Disclosure of Reserves by Oil and Gas Companies: An Economic Analysis

Cited by 234 publications

References 25 publications

The Extent and Determinants of Voluntary Disclosures in Annual Reports: Evidence from Banking and Finance Companies in Sri Lanka

The Extent and Determinants of Voluntary Disclosures in Annual Reports: Evidence from Banking and Finance Companies in Sri Lanka

Compliance with International Financial Reporting Standards by Listed Companies in Ghana

Voluntary Disclosure in the Annual Reports of Financially Distressed Companies in Indonesia

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