Financial Accounting Information and Corporate Governance

Bushman, Robert M.; Smith, Abbie J.

doi:10.2139/ssrn.253302

Cited by 637 publications

(750 citation statements)

References 211 publications

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“…Measurement is therefore a question of the best possible approximation. Many studies consider the quantity of disclosure a good approximate measurement of the quality (Horngren, 1957;Robb, 1980;Dye, 1985;Barron et al, 1998;Penman, 2003;Barth et al, 2003;Bushman and Smith, 2003;Mensah et al, 2006). On the other hand, there are those who, while admitting that there is a relation between quantity and quality, do not accept that the first is a correct approximation of the second, and maintain that quality depends also on other factors such as the "richness" of the contents (Beattie et al, 2004;Beretta and Bozzolan, 2008).…”

Section: Proposition N 6: Voluntary and Mandatory Disclosure Qualitymentioning

confidence: 99%

Management by objectives and corporate social responsibility disclosure

Mio

Venturelli

Leopizzi

2015

Accounting, Auditing &Amp; Accountability Journal

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Purpose – The purpose of this paper is to examine the relationship between remuneration for the achievement of objectives and sustainability, and – more specifically – the amount of attention that listed companies in Italy devote to defining, and consequently to communicating externally, sustainability as a criterion in establishing the wage levels of managers and directors. Design/methodology/approach – It was decided to ascertain whether the quality of information regarding sustainability provided in connection with the remuneration policies of listed companies tallies with the general quality of information regarding sustainability provided through companies’ main (obligatory and voluntary) reporting procedures. Findings – The results of this research show that the inconsistency between the information provided in voluntary and obligatory reports (between reports on sustainability and remuneration reports) extends to the levels of information provided in the two types of obligatory report (the reports on remuneration and on management); there is also a discrepancy between the levels of information provided in these reports and the evaluation of that information by an external assessor. Research limitations/implications – One of the limitations of this research is that as the data examined were gleaned from public documents, it is not necessarily an accurate reflection of all the information that firms have at their disposal on questions of sustainability and remuneration policies. The existence of internal documents containing other information, and therefore leading to different results, cannot be ruled out. Originality/value – This study is the first in Italy to examine the question of how limited companies report issues relating to management by objectives-corporate social responsibility. It does this through the introduction of a mixed system for ESG information, which counteracts the subjective limitations of the internal evaluation provided by the research group by adding in the authoritative evaluations of an external assessor.

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Section: Proposition N 6: Voluntary and Mandatory Disclosure Qualitymentioning

confidence: 99%

Management by objectives and corporate social responsibility disclosure

Mio

Venturelli

Leopizzi

2015

Accounting, Auditing &Amp; Accountability Journal

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“…Two of the main reasons for this upsurge in interest are the economic liberalisation and deregulation of industry and business and the demand for new corporate ethos (Joyner and Payne, 2002) and stricter compliance with the law of the land. One more factor that has been responsible for the sudden exposure of the corporate sector to a new paradigm for corporate governance that is in tune with the changing times is the demand for greater accountability of companies to their shareholders and customers (Bushman and Smith, 2001).…”

Section: Introductionmentioning

confidence: 99%

Governance and sustainability

Aras

Crowther

2008

Management Decision

368

103

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Purpose -The purpose of this paper is to show that corporate governance is fundamental to the continuing operation of any corporation; hence much attention has been paid to the procedures of such governance. Similarly sustainability is fundamental to the continuing operation of any corporation, and is arguably the fashionable concept of the moment. While it is clear what is generally meant by corporate governance it is much less clear what is meant by sustainability and the paper starts by investigating this concept. Design/methodology/approach -For two such fundamental concepts however it would seem that there should be a relationship between the two, although little work has been undertaken on exploring this relationship. The central part of this paper is therefore based upon an exploration of the relationship between governance and sustainability, by investigating the FTSE100 companies and their corporate governance policies. Findings -This analysis found some strengths -and hence cause for optimism -and some weaknesses -and hence cause for concern. Areas where further work is needed are identified.Research limitations/implications -The paper has implications in enhancing the understanding of the necessary components of corporate governance, although it is necessarily limited by the size of the sample. Originality/value -This paper increases the understanding of the relationship between corporate governance, sustainability and sustainable development.

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“…Second, the accounting infrastructure aids management in signaling the quality of investment opportunities to investors (Hubbard and Dudley 2004). Even if investors and managers have no agency conflicts, high-quality accounting information enhances efficiency in allocating economic resources (Bushman and Smith 2003).…”

Section: Downloaded By [New York University] At 03:38 11 June 2015mentioning

confidence: 99%

Accounting Regulation, Financial Development, and Economic Growth

Akisik

2013

Emerging Markets Finance and Trade

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This paper examines the relationship between accounting regulation, financial development, and economic growth in fifty-one developed and emerging market economies over the period 1997-2009. Accounting regulation has been the center of long-lasting debates in the accounting profession. The debates came to the forefront after several spectacular financial reporting frauds and scandals in the early 2000s damaged public confidence in capital markets. Using generalized method of moments estimation techniques, this study provides evidence that accounting regulation has a strong effect on economic growth even after controlling for a number of macroeconomic and socioeconomic variables.

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Financial Accounting Information and Corporate Governance

Cited by 637 publications

References 211 publications

Management by objectives and corporate social responsibility disclosure

Management by objectives and corporate social responsibility disclosure

Governance and sustainability

Accounting Regulation, Financial Development, and Economic Growth

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