How do firm- and country-level governance mechanisms affect firms’ disclosure?

Ernstberger, Jürgen; Grüning, Michael

doi:10.1016/j.jaccpubpol.2013.02.003

Cited by 76 publications

(75 citation statements)

References 79 publications

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“…Specifically, Ernstberger and Grüning's (2013) results suggest that NGQ can serve as an alternative to firm-level governance quality in terms of its impact on corporate disclosure quality. Hence, we assume that the IGQ-RDPs relationship may be highly sensitive to the institutional environment, as characterized by the extent of NGQ.…”

Section: Igq and Rdps: The Moderating Effect Of Ngqmentioning

confidence: 96%

Islamic Governance, National Governance, and Bank Risk Management and Disclosure in MENA Countries

2017

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We examine the relationships among religious governance, especially Islamic governance quality (IGQ), national governance quality (NGQ), and risk management and disclosure practices (RDPs), and consequently ascertain whether NGQ has a moderating influence on the IGQ-RDPs nexus. Using one of the largest data sets relating to Islamic banks from 10 Middle East and North Africa (MENA) countries from 2006 to 2013, our findings are threefold. First, we find that RDPs are higher in banks with higher IGQ. Second, we find that RDPs are higher in banks from countries with higher NGQ. Finally, we find that NGQ has a moderating effect on the IGQ-RDPs nexus. Our findings are robust to alternative RDP measures and estimation techniques. These results imply that the quality of disclosure depends on the nature of the macro-social-level factors, such as religion that have remained largely unexplored in business and society research, and, therefore, have important implications for policy makers.

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Section: Igq and Rdps: The Moderating Effect Of Ngqmentioning

confidence: 96%

Islamic Governance, National Governance, and Bank Risk Management and Disclosure in MENA Countries

2017

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“…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%

“…2012;Khan 2010;Arcay and Vazquez 2005). In this sense, it can be easily said that both corporate governance and environmental disclosure tend to reduce information asymmetries between managers and stakeholders, (Ernstberger and Grüning 2013;Iatridis 2013), however relatively less attention has been paid to link these two research areas (Khan et al 2013).…”

Section: Literature Review and Hypothesesmentioning

confidence: 99%

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

Akbaş

2016

South East European Journal of Economics and Business

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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.

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“…Second, local institutions such as corporate governance regulation, employment law or contracting law, to name but a few, can influence both the design and effects of an organization's management control systems (Merchant and Van der Stede 2012). Hence, similar to Ernstberger and Grüning (2013), who find for example that transparency increasing arrangements of corporate governance are more likely for firms in weak institutional environments, future research could consider the institutional environment in analyzing the role of value-based management in corporate governance (see e.g. Aguilera et al 2008).…”

Section: Environmental Uncertaintymentioning

confidence: 82%

Value-based management as a tailor-made management practice? A literature review

Blume

2015

J Manag Gov

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Value-based management is largely discussed as fundamental tool to manage organizations successfully. However, it is often criticized for its alleged incentive to maximize short-term profits. Thus, it is the aim of this study to shed more light on the role of value-based management for organizational success and discuss which firms seemingly benefit from the adoption of value-based management systems. Since adoption rates vary among firms, the implementation and its effect on organizational performance may be a matter of systematic circumstances. In particular, the extent of agency conflicts and arrangements to alleviate those conflicts designate where value-based management potentially serves as an effective monitoring instrument. Additionally, a more reactive strategic orientation and low growth opportunities imply a need for more efficient capital management as one lever to increase organizational performance. These conditions are accompanied by managerial characteristics and industry pressure that determine the use of valuebased management systems, and do not undermine its incentive for efficient capital management. Hence, value-based management seems to be tailor-made for these specific circumstances.

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How do firm- and country-level governance mechanisms affect firms’ disclosure?

Cited by 76 publications

References 79 publications

Islamic Governance, National Governance, and Bank Risk Management and Disclosure in MENA Countries

Islamic Governance, National Governance, and Bank Risk Management and Disclosure in MENA Countries

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

Value-based management as a tailor-made management practice? A literature review

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