Strategy disclosure in Dutch annual reports

Santema, S.C.; Rijt, Jimmy van

doi:10.1016/s0263-2373(00)00075-x

Cited by 40 publications

(51 citation statements)

References 13 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Annual reports aim to communicate with users and in an easy and understandable way provide timely, reliable and relevant information on past, current and future organisational activities (Breton, 2009). Many authors emphasise the importance of the annual report elements (Cohen, 2002;Coy & Dixon, 2004;Li, 2008;Linsley & Shrives, 2006;Santema & van de Rijt, 2001). Cerf (1961) constructed the first disclosure index and the idea has been used extensively ever since (for example : Ali, Ahmed, & Henry, 2004;Coy & Dixon, 2004;Depoers, 2000;Hassan, Romilly, Giorgioni, & Power, 2009;Firth, 1984;Singhvi & Desai, 1971;Wallace & Naser, 1995).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Analysis of annual report disclosure quality for listed companies in transition countries

Pivac

Vuko

Čular

2017

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

High quality annual reports can contribute significantly to a company's success. The main aim of this article is to analyse and compare the level of annual report disclosure quality for listed companies in selected European transition countries (Croatia, Montenegro, Romania, Serbia and Slovenia) using a constructed disclosure quality index (DQI). Obtained results suggest that Slovenian companies have the greatest level of disclosure quality and that there are significant differences in disclosure quality of annual reports between the observed countries. These findings could be of interest to potential investors, management and other users of corporate disclosure, namely regulators in the process of financial reporting quality improvement.

show abstract

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

Analysis of annual report disclosure quality for listed companies in transition countries

Pivac

Vuko

Čular

2017

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

show abstract

“…However, most research on (voluntary or mandatory) disclosure, especially in accounting and finance literature, is focused on financial statements. Literature on voluntary non-financial disclosure is primarily been done from an impression management perspective, analyzing how companies attempt to make a certain impression on their readers or viewers (see also Santema and Van de Rijt, 2001;Santema et al, 2005).…”

Section: Financial Versus Non-financial Disclosurementioning

confidence: 99%

“…Research on impression management found many examples that annual reports have become part of the company's efforts to create and manage a certain corporate image (Preston et al, 1996;Stanton et al, 2004). However, Santema and Van de Rijt (2001) found that Dutch listed firms generally do not disclose a lot of information about their corporate strategy. Although almost all Dutch listed companies do describe their strategy in general terms and reflect on the actions of last year with respect to their strategy, they score differently on the variables mission, goals and business unit strategies.…”

Section: Disclosure Through Annual Reportsmentioning

confidence: 99%

Voluntary Disclosure of Corporate Strategy: Determinants and Outcomes - An Empirical Study into the Risks and Payoffs of Communicating Corporate Strategy

Coebergh

2011

SSRN Journal

View full text Add to dashboard Cite

VOLUNTARY DISCLOSURE OF CORPORATE STRATEGY: DETERMINANTS AND OUTCOMESKeywords: Voluntary disclosure, corporate strategy.Business leaders increasingly face pressure from stakeholders to be transparent. There appears however little consensus on the risks and payoffs of disclosing vital information such as corporate strategy. To fill this gap, this study analyzes firm-specific determinants and organisational outcomes of voluntary disclosure of corporate strategy. Stakeholder theory and agency theory help to understand whether companies serve their interest to engage with stakeholders and overcome information asymmetries. I connect these theories and propose a comprehensive approach to measure voluntary disclosure of corporate strategy. Hypotheses from the theoretical framework are empirically tested through panel regression of data on identified determinants and outcomes and of disclosed strategy through annual reports, corporate social responsibility reports, corporate websites and corporate press releases by the 70 largest publicly listed companies in the Netherlands from 2003 These questions triggered the writing of this dissertation, being a professional consultant and public relations executive, trying to understand the dynamics of communicating corporate strategy. Or as the topic is formulated in management research terminology:exploring determinants and organisational outcomes of voluntary disclosure of corporate strategy. 8 Research objective and methodologyBased on the identified gap in business practice and academic research, this section formulates the research objective, research questions and methodology of my research. A justification on the methodology is provided, followed by the pursued usefulness of this research for research and business practice. Research objective and research questionsTo fill the gap in business practice and in academic research on voluntary disclosure of corporate strategy, the research objective of this thesis is formulated as follows: To develop understanding and provide empirical evidence that help leaders of publicly listed companies understand how voluntary disclosure of corporate strategy contributes to corporate success.This research objective drives the following research questions:1. What are determinants of voluntary disclosure of corporate strategy?2. What are outcomes of voluntary disclosure of corporate strategy? MethodologyAs no earlier comprehensive research is known on voluntary disclosure of corporate strategy, literature research is conducted to construct a (preliminary) theoretical framework to identify and formulate the determinants and outcomes of voluntary disclosure of corporate strategy. The hypotheses that are based on these determinants and 9 outcomes are tested in a large-scale quantitative study, based on secondary data, available in the public field. The data are longitudinal, spanning a period of six years.The research questions are answered using the following process:• A theoretical framework is constructed to explain volu...

show abstract

“…A study by Meek et al (1995) examined some aspects of strategy disclosure as part of a larger research study of voluntary disclosure and was limited to companies in U.S., U.K., and Continental Europe. More focused strategy disclosure research was conducted by Santema and van de Rijt (2001), but the study involved only Dutch companies. Santema and van Oijen (2005) extended the research of strategic transparency in their examination of firms across multiple industries in five European countries.…”

Section: Competitive Strategy Disclosurementioning

confidence: 99%

National Culture and Competitive Strategy Disclosure in Global Airline Strategic Alliances

Giapponi¹,

Scheraga²

2010

J Transp Res Forum

View full text Add to dashboard Cite

Strategy disclosure in Dutch annual reports

Cited by 40 publications

References 13 publications

Analysis of annual report disclosure quality for listed companies in transition countries

Analysis of annual report disclosure quality for listed companies in transition countries

Voluntary Disclosure of Corporate Strategy: Determinants and Outcomes - An Empirical Study into the Risks and Payoffs of Communicating Corporate Strategy

National Culture and Competitive Strategy Disclosure in Global Airline Strategic Alliances

Contact Info

Product

Resources

About