The use of disclosure indices in accounting research: A review article

Marston, Claire; Shrives, Philip

doi:10.1016/0890-8389(91)90080-l

Cited by 548 publications

(418 citation statements)

References 15 publications

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“…With reference to this last observation, it is important to specify that in research focusing on disclosure, most researchers created ad-hoc indexes for the analysis they were undertaking (on the basis of the aspects of interest to the study), but it is not uncommon for cases where in order to measure the level of quality of disclosure using a score, the authors (e.g., Patel, Balic, & Bwakira, 2002;Ali et al, 2007;Barron, Kile, & O'Keefe, 1999;Salter, 1998;Hope, 2003a;2003b) have relied on indexes created by external parties such as financial analysts or professional organizations (such as, for example, CIFAR "Centre for International Financial Analysis and Research"). The advantage of this approach, highlighted by Marston and Shrives (1991), is that it provides a greater possibility for comparison with studies previously conducted using the same indexes.…”

Section: Disclosure Indexesmentioning

confidence: 99%

“…Researchers who previously used this approach have chosen elements or items on the basis of aspects considered to be most relevant to the research itself, also making use of existing literature available on the subject (see Botosan, 1997). The use of discretionary selection of research elements is not exempt from criticism, especially as regards to comparisons with different studies and which becomes more difficult to implement using the above methodology (Marston & Shrives, 1991).…”

Section: Disclosure Indexesmentioning

confidence: 99%

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Assessing Disclosure Quality: A Methodological Issue

Scaltrito¹

2015

JMAA

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The voluntary disclosure studies conducted until today, in social accounting and related fields, use different approaches to evaluate the so-called "disclosure quality". Disclosure quality is not so easy to measure, and it is derived from the application of different methodologies. In particular, the methodologies to assess the level of disclosure could be classified as subjective or objective. To the first category belong all the "tools" that are used directly without relying on the analysis of the original source of the information studies (Imhoff, 1992;Coleman & Eccles, 1997;Welker, 1995). The objective measurements used to assess the disclosure quality are, instead, based on the direct study of the original information source in order to obtain the information required (Krippendorff, 1980;Weber, 1985;Botosan, 1997;Lang & Lundholm, 2000). The aim of the paper is to give scholars and researchers a brief framework to understand the different methodologies used in accounting literature to assess the disclosure quality, providing examples of the application of the same in different research contexts.

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Section: Disclosure Indexesmentioning

confidence: 99%

Section: Disclosure Indexesmentioning

confidence: 99%

Assessing Disclosure Quality: A Methodological Issue

Scaltrito¹

2015

JMAA

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“…This variable is measured by the ratio of bank deposits to total deposits. 4 Since banks are exposed to similar 2 Marston and Shrives (1991) provides survey of the use of disclosure indices. Hassan and Marston (2010) provide the comprehensive survey of the use of various disclosure proxies.…”

Section: Ii) Interbankmentioning

confidence: 99%

“…Disclosure Index is one of the commonly used disclosure variables in the existing literature. 2 Disclosure Index consists of the list of selected accounting information that can be disclosed in the company report (Marston and Shrives, 1991). More specifically, Hassan and Marston (2010) define the disclosure index as "a research instrument to measure the extent of information reported in a particular disclosure vehicle(s) by a particular entity(s) according to a list of selected items of information."…”

Section: I)mentioning

confidence: 99%

Market Discipline and Bank Risk Taking: Evidence from the East Asian Banking Sector

Hamid

Yunus

2017

SSRN Journal

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The third pillar of the Basel II highlights the role of market discipline in easing the existing pressure on traditional monitoring measures like capital requirement and government supervision. This study test the effectiveness of market discipline in inducing prudential risk management practices among the East Asian banks over the 1995 to 2005 period. Market discipline is measured using information disclosure and interbank deposit holdings. We find that only the latter is an effective market discipline tool. However, the former becomes effective when market concentration is higher. We find that government owned, foreign owned and recapilatised banks are subject to market disciplining when disclosure in taken account but the opposite is true when interbank deposits is taken into account. Finally, we find that banks that disclose more risk related information hold more capital against their non-performing loan. The implications of the findings are discussed.

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“…Environmental costs and obligations now account for a sizeable proportion of total corporate costs 3 ; hence, the majority of information about environmental performance is financial and quantitative in nature, reflecting the fact that this performance can have a direct impact on the financial performance of the company 5 . The scale of these costs and obligations is evident in the Environmental Protection Agency's estimate that almost 750 billion dollars were spent in the USA in 1991 cleaning up industrial waste disposal sites at an average cost of 25 million dollars per site.…”

Section: Introductionmentioning

confidence: 99%

Social and Environmental Disclosure Rating in the Libyan Oil and Gas Sector

Al-Drugi¹,

Abdo²

2016

Change Management: An International Journal

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Abstract-Over the last two decades, as companies have become more responsive to investors' concerns about the environment and corporate social responsibility (CSR), they have started to provide information about the environmental and social impacts of their activities in their annual reports. The purpose of this study is to explore the practices of environmental disclosure (ED) and the extent of response of companies in Libya's oil industry to these concerns. In addition, the study aims to identify what motivates companies to disclose social and environmental information. To fulfil these aims, data was collected by means of interviews with managers and accountants from oil and gas companies operating in Libya. The findings reveal that the managers and accountants of local and foreign oil and gas companies operating in Libya are aware of and understand the significance of CSR and ED. The study found that the majority of these companies disclose some environmental information in their annual reports or at least have policies to disclose this information in the near future. They disclose three types of environmental information: good, neutral and bad news. The interviewees emphasised the benefits companies gain from corporate disclosure, such as improving the company's reputation, meeting environmental regulations and satisfying organisations interested in environmental performance. Some also suggested that companies disclose environmental information for economic reasons. On the other hand, the investigation highlighted that the most important obstacle to ED is the lack of environmental regulations and ED standards; in other words, there is no legal obligation for companies to disclose environmental information.

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The use of disclosure indices in accounting research: A review article

Cited by 548 publications

References 15 publications

Assessing Disclosure Quality: A Methodological Issue

Assessing Disclosure Quality: A Methodological Issue

Market Discipline and Bank Risk Taking: Evidence from the East Asian Banking Sector

Social and Environmental Disclosure Rating in the Libyan Oil and Gas Sector

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