The Impact of Size, Stock Market Listing and Industry Type on Disclosure in the Annual Reports of Japanese Listed Corporations

Cooke, T. E.

doi:10.1080/00014788.1992.9729440

Cited by 522 publications

(480 citation statements)

References 7 publications

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“…studies that relate the level of disclosure to firm characteristics include Firth (1979); Cooke (1989;1991, and1992);imhoff (1992); malone, Fries and jones (1993); Singhvi and Desai (1971); Heflin, Shaw and Wild (2001);and wallace and naser (1995). these studies provide evidence of the association between disclosure levels and firm characteristics, including firm size; listing status; firm auditor; the scope of business; risk of trading; and industry type.…”

Section: Prior Research and Hypotheses Developmentmentioning

confidence: 94%

Risk Management Committee and Financial Instrument Disclosure

Hassan¹,

Salleh²,

Yatim³

et al. 2012

AJAG

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Section: Prior Research and Hypotheses Developmentmentioning

confidence: 94%

Risk Management Committee and Financial Instrument Disclosure

Hassan¹,

Salleh²,

Yatim³

et al. 2012

AJAG

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“…Others found a relationship between sector type and corporate disclosure (Cooke 1992;Mangena and Pike, 2005). In risk reporting studies, Beretta andBozzolan (2004) andRajab andHandley-Schechter (2009) found that risk reporting differs among different industry sectors.…”

Section: Firm Characteristics and Crdmentioning

confidence: 99%

Determinants of narrative risk disclosures in UK interim reports

Elzahar

Hussainey

2012

The Journal of Risk Finance

285

437

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Purpose -This paper contributes to the existing disclosure literature by examining the determinants of narrative risk information in the interim reports for a sample of UK non financial companies.Methodology -This study uses the manual content analysis to measure the level of risk information in interim report narrative sections prepared by 72 UK companies. It also uses the OLS regression analysis to examine the impact of firm-specific characteristics and corporate governance mechanisms on narrative risk disclosures.Findings -The empirical analysis shows that large firms are more likely to disclose more risk information in the narrative sections of interim reports. In addition, the analysis shows that industry activity type is positively associated with levels of narrative risk disclosure in interim reports. Finally, the analysis shows statistically insignificant impact of other firmspecific characteristics (liquidity, gearing, profitability and cross-listing) and corporate governance mechanisms on narrative risk disclosure.Practical implications -The study's findings have practical implications. It informs investors about the characteristics of UK companies that disclose risk information in their interim reports. For example, the findings shows that narrative risk disclosures is affected by firm size and industry type rather than firms' risk levels (e.g. financing risk measured by the gearing ratio or liquidity risk measured by lower liquidity ratios). Practical implications for managers from these findings are that, in order to keep investors satisfied, companies with high levels of financing and liquidity risks should look at investors' demands for risk disclosure. This will help investors when making their investment decisions.Originality/value -The determinants of narrative risk disclosure in interim reports has not been explored so clearly in prior research and therefore this study is the first of its kind to examine this research issue for a sample of UK companies.

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“…Specifically, previous studies have searched for the factors affecting the level of corporate disclosure, while underlining the relevance of variables such as the organization's size and typology, the information asymmetry risk of the market (influencing the potential assumption of opportunistic behaviors), the professional degree of the intermediary agencies (affecting the credibility of the information disclosed), the board composition (also in terms of the presence of women), or the traditional attitude of the management (whose hostility toward the costs of voluntary disclosure may be mainly reduced by strong economic incentives)-e.g., [29][30][31][32][33][34].…”

Section: Corporate Disclosure and Capital Markets: A Brief Literaturementioning

confidence: 99%

Corporate Disclosure, Materiality, and Integrated Report: An Event Study Analysis

2017

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Within the extensive literature investigating the impacts of corporate disclosure in supporting the sustainable growth of an organization, few studies have included in the analysis the materiality issue referred to the information being disclosed. This article aims to address this gap, exploring the effect produced on capital markets by the publication of a recent corporate reporting tool, Integrated Report (IR). The features of this tool are that it aims to represent the multidimensional impact of the organization's activity and assumes materiality as a guiding principle of the report drafting. Adopting the event study methodology associated with a statistical significance test for categorical data, our results verify that an organization's release of IR is able to produce a statistically significant impact on the related share prices. Moreover, the term "integrated" assigned to the reports plays a significant role in the impact on capital markets. Our findings have beneficial implications for both researchers and practitioners, adding new evidence for the IR usefulness as a corporate disclosure tool and the effect of an organization's decision to disclose material information.

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The Impact of Size, Stock Market Listing and Industry Type on Disclosure in the Annual Reports of Japanese Listed Corporations

Cited by 522 publications

References 7 publications

Risk Management Committee and Financial Instrument Disclosure

Risk Management Committee and Financial Instrument Disclosure

Determinants of narrative risk disclosures in UK interim reports

Corporate Disclosure, Materiality, and Integrated Report: An Event Study Analysis

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