The Impact of Firm Ownership Structure on Voluntary Disclosure: Empirical Evidence from Czech Annual Reports

Makhija, Anil K.; Patton, James M.

doi:10.1086/386526

Cited by 95 publications

(116 citation statements)

References 47 publications

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“…A possible explanation for this might be that when capital is concentrated, the majority shareholders' dominance hinders the interests of minority shareholders at the level of information access. These results match those observed in earlier studies (Makhija and Patton, 2004;Khlifi and Bouri, 2007;Loukil and Triki, 2008;Chakroun and Matoussi, 2012). One unanticipated finding was that institutional ownership have no a significant effect on information transparency.…”

Section: Regression-analyses Resultssupporting

confidence: 93%

Corporate Governance and Information Transparency: A Simultaneous Equations Approach

Kachouri

Jarboui

2017

Asian Economic and Financial Review

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Article HistoryThe purpose of this paper is to review the relationship between corporate governance mechanisms and information transparency. In this paper, we aim to answer the important questions of whether corporate governance affects financial information transparency, if so, whether transparency reporting can affects corporate governance mechanisms and the interaction of internal and external governance mechanisms. This study uses a sample of 28 non-financial listed Tunisian companies and covers an eight-year period from 2006 to 2013. To test the hypotheses of this research, a simultaneous equation system model was applied. The results obtained shows that, for the Tunisians companies, financial transparency have a significant effect on board size and on audit quality. The current study also provides evidence that corporate governance mechanisms are interdependent. The findings may be of interest to those academic researchers, practitioners and regulators who are interested in discovering corporate governance practices in Tunisian context. This paper extends the existing literature, in the Tunisian context in particular, by examining the causal relationship between corporate governance and information transparency.

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Section: Regression-analyses Resultssupporting

confidence: 93%

Corporate Governance and Information Transparency: A Simultaneous Equations Approach

Kachouri

Jarboui

2017

Asian Economic and Financial Review

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“…On the one hand, large shareholders are better at monitoring managers' activities as they absorb greater monitoring and takeover costs (Shleifer and Vishny, 1986). On the other hand, large shareholders could exercise their absolute controlling rights in the firm, exerting a powerful influence on managers to maximise their own benefits at the cost of small shareholders (Makhija and Patton, 2004). Therefore, the OWNCON and OWNCON 2 variables are included.…”

Section: Hypothesis Testing Proceduresmentioning

confidence: 99%

Continuous disclosure compliance: does corporate governance matter?

Chapple

Truong

2014

Accounting & Finance

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Our study investigates the quality of firms' continuous disclosure compliance during mandatory continuous disclosure reform, and whether the compliance quality is impacted by corporate governance, using the New Zealand market as the setting. We use a novel coding of different categories of disclosures (nonroutine, non-procedural and internal), which represents the extent of proprietary insider information inherent in disclosures, to evaluate firms' compliance quality. Our findings provide evidence that firms' compliance quality improved after the reform, and this improvement is inconsistently impacted by corporate governance. Our findings provide important implications for regulators in their quest for a superior disclosure regime.

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“…However, he argued that the capability of a block of foreign owners to positively influence disclosure practices depends on the size of other block holder stakes (Makhija and Patton, 2004). As appears from the above discussion, in the current study it is expected that partially foreign ownership will be positively associated with the extent of voluntary information disclosure in annual reports of commercial banks.…”

Section: Foreign Ownership (Fown)mentioning

confidence: 99%

“…In contrast with the current study result, a number of studies have found a positive relationship between government ownership and the level of disclosure in annual reports. Scholars such as, Makhija and Patton (2004) found that government ownership is a significant determinant of the overall extent of disclosure. Ghazali (2007) also found a significant positive relationship between the level of disclosure and government ownership.…”

Section: International Journal Of Accounting and Financial Reportingmentioning

confidence: 99%

Commercial Banks’ Attributes and Annual Voluntary Disclosure: The case of Libya

Hawashe¹

2016

ijafr

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The Impact of Firm Ownership Structure on Voluntary Disclosure: Empirical Evidence from Czech Annual Reports

Cited by 95 publications

References 47 publications

Corporate Governance and Information Transparency: A Simultaneous Equations Approach

Corporate Governance and Information Transparency: A Simultaneous Equations Approach

Continuous disclosure compliance: does corporate governance matter?

Commercial Banks’ Attributes and Annual Voluntary Disclosure: The case of Libya

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