The disclosure behavior and performance of Russian firms: public disclosure index and DEA application

Kahveci, Eyüp

doi:10.17261/pressacademia.2016321997

Cited by 4 publications

(6 citation statements)

References 4 publications

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“…In other words, DEA is coherent with the assumption that financial results are all embedded in the overall performance, and they deserve to be examined in a multidimensional view. For this reason, DEA was already intensively used for the evaluation of the companies economic efficiency [108][109][110][111], while there is still a shortage of studies applying this method to analyze the relationship between financial performance and disclosure index built on GRI indicators. Our research intends to fill this literature gap in order to support a more comprehensive assessment of financial performance in its relationship with sustainability disclosure.…”

Section: Background and Research Questionsmentioning

confidence: 99%

KPIs Reporting and Financial Performance in the Transition to Mandatory Disclosure: The Case of Italy

2020

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European companies of public interest requested to comply with the Directive 2014/95/EU on Non-Financial Information (NFI) are allowed to fulfil the regulatory obligation following the Global Reporting Initiative (GRI) guidelines, which constitute at present the most widely spread framework for sustainability reporting. Given such prevalence, this paper examines the level of disclosure on Key Performance Indicators (KPIs) and its relationship with financial performance over the period 2016–2018 for Italian-listed companies adopting GRI guidelines to convey NFI under the Decree 254/2016. The research applies content analysis of the annual and sustainability reports to measure the disclosure index on KPIs, and Data Envelopment Analysis (DEA) to estimate the financial performance. A Tobit-regression model explores the nexus between financial performance and companies’ disclosure. Findings show a decrease in the disclosure levels in the early adoption of mandatory NFI and a significant association with the financial performance of the sampled companies. The study, assuming a comprehensive view of the financial indicators, improves our knowledge of the relationship between sustainability disclosure and financial performance and adds to the literature on the evolution of NFI in the transition from voluntary to mandatory regime.

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Section: Background and Research Questionsmentioning

confidence: 99%

KPIs Reporting and Financial Performance in the Transition to Mandatory Disclosure: The Case of Italy

2020

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“…In this research, consistent with previous works, our aim is to use annual reports as a voluntary disclosure tool (Sengupta 1998;Botosan, 1997;Silva & Alves, 2004;Fan et al, 2003;Huafang & Jianguo, 2007;Kahveci and Taliyev, 2016) and to carry out a content analysis of the reports to quantify the data to evaluate the effect of one year's annual reports tone about the future path of firm on the next year's performance and efficiency by using DEA as an analytical tool. DEA measures relative performance (efficiency) and is useful in comparing organizations or parts of organizations that share common goals, use similar resources (but not necessarily in the same proportions) and produce similar results (Rouse et al 2010).…”

Section: Research Goalmentioning

confidence: 93%

“…Some of the research in this field focused on companies web sites; for example, Cormier et al (2009) examined the websites of 189 companies in Canada, Gandia (2008) examined the websites of 92 Spanish listed companies, Vergauwen et al (2006) examined the websites of 270 companies in Austria, Belgium, France, the Netherlands, South Africa and the United Kingdom, and Branco et al (2014) investigated the use of the Internet by the largest companies based in Sweden and Spain to communicate their engagement in corporate social responsibility. Some other research focused similarly on annual reports to determine the disclosure level of the companies: Sengupta (1998) used the data of total disclosure score for 311 different companies, Botosan (1997) measured 122 manufacturing firms' disclosure level, Silva and Alves (2004) calculated public disclosure level of 150 Brazilian, Argentinean and Mexican firms, Fan et al, (2003) worked with 144 Chinese companies, Huafang and Jianguo (2007) examined 559 Chinese companies' disclosure level, and Kahveci and Taliyev (2016) tested 92 Russian companies disclosure level (Kahveci & Taliyev, 2016). There are also numerous studies that stress and examine executives' statements in annual reports (Hutt, 2010;Fiol, 1995).…”

Section: Annual Reports and Disclosurementioning

confidence: 99%

“…The task of categorizing text documents or summarizing them using quantitative measures may be neither straightforward nor easy to implement. Some authors have tried to achieve these objectives using human judgment (Hrasky & Smith 2008;Kahveci & Taliyev, 2016;Nekhili et al 2012;Courtemanche et al, 2013;Fiol 1995;Hamrouni & Ratsimbanier 2012;Clarke, 1997).…”

Section: Content Analysismentioning

confidence: 99%

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The tone of annual reports as a strategic performance management tool:application on Turkey s Borsa Istanbul corporate governance index firms

Kahveci¹

2016

Pressacademia

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The annual reports have been identified as one of the key corporate governance practice. If these reports are genuinely being prepared in an attempt to improve the clarity of communication with stakeholders, and give related and necessary information accurately to them, then they become one of the strategic tools affecting performance positively. Therefore, in this study, we aimed a semantic examination of the English versions of annual reports from companies quoted on Borsa Istanbul included in the Corporate Governance Index to see whether the annual reports' tone has an impact on company performance. With this aim, the contents of 2014 annual reports are analyzed by the text-analysis software package Diction 7 and scores for accomplishment, cooperation, activity and optimism are obtained. Efficiency scores are calculated by Data Envelopment Analysis to evaluate to what extent annual reports' tone and corporate governance ratings impact on company performance. The results show that the annual reports' tone and corporate governance ratings have a significant positive impact on efficiency scores, so on performances of companies.

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“…Corporate governance (CG) has received significant attention from researchers around the world (Kahveci and Taliyev, 2016;Pillai and Al-Malkawi, 2017). It refers to a set of internal control mechanisms, such as board structure (i.e., the characteristics of the board of directors, executives vs. non-executive, etc.…”

Section: Elements Of Corporate Governance Literaturementioning

confidence: 99%

Does listing intention matter? Investigation of how earnings forecast affects decision to list on stock exchange

Yousif¹,

Ali²,

Bleady³

et al. 2018

Int. j. adv. appl. sci.

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Based on the theory of planned behavior, this study investigates how the listing-decision variables (earnings forecast, word of mouth communication, and elements of corporate governance) affect the behavioral variable (listing decision), with the attitude variable (listing intention) being the mediator. Based on a sample drawn from companies listed on the Khartoum Stock Exchange, data were collected through a questionnaire. The data were analyzed using descriptive statistics, factor analysis, reliability, and regression. The findings support the theoretical framework, indicating that the listing-decision variables are significant in shaping the attitude variable. The listing intention significantly affects the behavioral variable. The study finds that listing intention significantly mediates between listing decision and earnings forecast, but not between listing decision and word of mouth communication or elements of corporate governance. The results support the conclusion that mediation between earnings forecast and listing decision affects the listing intention, so Sudanese companies should increase their intention to list, which would develop their relationship with the Khartoum Stock Exchange.

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The disclosure behavior and performance of Russian firms: public disclosure index and DEA application

Cited by 4 publications

References 4 publications

KPIs Reporting and Financial Performance in the Transition to Mandatory Disclosure: The Case of Italy

KPIs Reporting and Financial Performance in the Transition to Mandatory Disclosure: The Case of Italy

The tone of annual reports as a strategic performance management tool:application on Turkey s Borsa Istanbul corporate governance index firms

Does listing intention matter? Investigation of how earnings forecast affects decision to list on stock exchange

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