Globalization of Stock Markets and Foreign Listing Requirements: Voluntary Disclosures by Continental European Companies Listed on the London Stock Exchange

Meek, Gary K.; Gray, Sidney J.

doi:10.1057/palgrave.jibs.8490854

Cited by 113 publications

(62 citation statements)

References 3 publications

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“…For Meek and Gray (1989), overseas listed companies face additional pressure from the international capital markets and disclose more information.…”

Section: Hypothesesmentioning

confidence: 99%

Financial reporting on the internet: the portuguese case

Rodrigues

Menezes

2003

RAE electron.

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Due to recent developments in information technologies, Portuguese companies are using the Internet to disclose accounting information through their Web sites. After presenting the advantages and eventual risks of this form of financial reporting and literature review, the Web sites of Portuguese listed companies were examined throughout March 2000 to February 2001, to determine which companies present financial information and whether the information provided is summarised, identical to the paper version of the annual report or is more detailed. In addition, we tested if there is significant difference between company size, industry type, overseas listings and the extent of financial disclosure on the Internet. We concluded Portuguese companies are starting to face positively this new way of financial reporting. Concerning the hypotheses tests performed we noticed that, likewise to what is happening in other countries, there is a positive correlation between company size and the existence of Web site and company size and financial information disclosed.

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“…For Meek and Gray (1989), overseas listed companies face additional pressure from the international capital markets and disclose more information.…”

Section: Hypothesesmentioning

confidence: 99%

Financial reporting on the internet: the portuguese case

Rodrigues

Menezes

2003

RAE electron.

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“…Archambault and Archambault (2003) demonstrate that there are various factors that could affect annual report disclosure in a given country. Socio-political and environmental factors that are unique to specifi c countries and are found to infl uence disclosure in annual reports include cultural values (Haniffa & Cooke 2002); the legal system (Ball et al 2000); the disclosure requirements in individual countries (Ahmed & Courtis 1999); the level of professionals infl uence; and the tax system (Meek & Gray 1989). Different from previous studies, this study focuses on the effect of cultural values represented by ethnicities on a specifi c kind of disclosure, i.e.…”

Section: Literature Reviewmentioning

confidence: 99%

Kesan Etnik ke atas Pelaporan Modal Intelek

Hamzah¹,

Saleh²,

Mohamed³

2015

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“…Researches on the economic consequences of disclosure and earnings announcement represent a well defined research area in developed countries such as the USA and Europe. (Cooke, 1989;Meek & Gray, 1989;Meek, Roberts, & Gray, 1995). However, few empirical investigations in this regard have been conducted in emergent economies.…”

Section: Introductionmentioning

confidence: 99%

“…Therefore, moving from a centralized economy ruled by high interventionism from the government to open market economy (case of China), will certainly put pressure on companies to disclose more. Companies are certainly aware that voluntary disclosure and timely announcement of earnings will have an impact on reducing stakeholders' uncertainty, improve competitiveness and expected returns, which will have in return impact on growth and value creation (Gray et al, 1995, Meek & Gray, 1989. Therefore, Honk Kong is worthy of study for several reasons.…”

Section: Introductionmentioning

confidence: 99%

Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

Guidara¹,

Achek²

2015

10.5267/j.msl

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This paper examines the association between voluntary disclosure, earnings announcement lag and the cost of debt in Hong Kong. The research sample consists of 20 listed companies in the Hong Kong Stock exchange over the period spanning from 2008 to 2011. A disclosure checklist is used to measure the extent of voluntary disclosure in companies 'annual reports. Earnings announcement lag is proxied by the difference between the end of fiscal year and the publication date of financial statements. Results of this study confirm that voluntary disclosure and earnings announcements lag reduce the cost of debt in Hong Kong. These findings suggest that voluntary disclosures play an essential role in reducing cost of debt in Hong Kong context, and managers tend to disclose in early manner to reduce the information asymmetry between their firm and creditors. These findings may have policy implications for managers since they demonstrate that the extent of voluntary and timely disclosures affect the cost of debt.Growing Science Ltd. All rights reserved. 5

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Globalization of Stock Markets and Foreign Listing Requirements: Voluntary Disclosures by Continental European Companies Listed on the London Stock Exchange

Cited by 113 publications

References 3 publications

Financial reporting on the internet: the portuguese case

Financial reporting on the internet: the portuguese case

Kesan Etnik ke atas Pelaporan Modal Intelek

Earnings announcement lag and non-mandatory disclosure impact on the cost of debt: Hong Kong empirical evidence

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