Incremental Information Disclosure in Qualitative Financial Reporting: Differences Between Fraudulent and Non-fraudulent Companies

2021 ◽  
pp. 181-196
Author(s):  
Lee Spitzley
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Incremental Information

Effect of Financial Reporting Quality on Sustainability Information Disclosure

2013 ◽  
Vol 22 (1) ◽  
pp. 45-64 ◽  
Author(s):  
Jennifer Martínez-Ferrero ◽  
Isabel M. Garcia-Sanchez ◽  
Beatriz Cuadrado-Ballesteros
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Reporting Quality ◽  
Financial Reporting Quality

Tamed Transparency: How Information Disclosure under the Global Reporting Initiative Fails to Empower

2010 ◽  
Vol 10 (3) ◽  
pp. 74-96 ◽  
Author(s):  
Klaus Dingwerth ◽  
Margot Eichinger
Keyword(s):  
Financial Reporting ◽  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Corporate Sustainability ◽  
Sustainability Reporting ◽  
Global Reporting Initiative ◽  
Reporting Scheme ◽  
Corporate World ◽  
Four Levels ◽  
The Relationship

In this contribution, we explore the tensions that seem inherent in the claim that transparency policies “empower” the users of disclosed information vis-àvis those who are asked to provide the information. Since these tensions are particularly relevant in relation to voluntary disclosure, our analysis focuses on the Global Reporting Initiative (GRI) as the world's leading voluntary corporate non-financial reporting scheme. Corporate sustainability reporting is often hailed as a powerful instrument to improve the environmental performance of business and to empower societal groups, including consumers, in their relations with the corporate world. Yet, our analysis illustrates that the relationship between transparency and empowerment is conflictual at all four levels of activity examined in this article: in the rhetoric and policies of the GRI as well as in the actual reporting practice and in the activities of intermediaries in response to the organization's disclosure standard.

scholarly journals Reporting of Real Option Value Related to ESG: Including Complementary Systems for Disclosure Incentives

2018 ◽  
Vol 9 (4) ◽  
pp. 19 ◽  
Author(s):  
Nobuhito Ochi
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Real Option ◽  
Financial Information ◽  
Strategic Decision ◽  
Option Value ◽  
Corporate Value ◽  
Reporting Systems ◽  
Disclosure Incentives ◽  
Real Option Value

This paper aims to consider ways of granting disclosure incentives in order for the Signaling Theory to develop and encompass the Legitimacy Theory. First, the author discusses that ESG strategies for managing stakeholder externalities create real option value that leads to corporate value creation, both as business opportunities as well as appeals to a company’s legitimacy. At the same time as making real option thinking useful for strategic decision-making by management, it is necessary to structure non-financial information disclosure for convincing optionality related to controlling externalities from the viewpoint of investors.Second, at the stage where conditions are not met for companies able to autonomously undertake management with a view to externalities, the author discusses how supplementing incentives for issuing signals regarding differentiation from other companies in the same industry relating to controlling externalities is required in the disclosure of non-financial information in statutory reporting systems. On the other hand, since the materiality of financial reporting is centered on risks and opportunities for business, disclosure regulations are required separately for material social values. Events not originally related to corporate value can create incentive for the fulfillment of accountability of companies by the mediation of “negative intangibles” through reputation.

Limited attention, information disclosure, and financial reporting

2003 ◽  
Vol 36 (1-3) ◽  
pp. 337-386 ◽  
Author(s):  
David Hirshleifer ◽  
Siew Hong Teoh
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Limited Attention

scholarly journals Risks in the System of Accounting and Financial Statements

2021 ◽  
Vol 10 (525) ◽  
pp. 290-297
Author(s):  
S. M. Semenova ◽  
◽  
O. M. Shpyrko ◽  
H. V. Ziabchenkova ◽  
O. P. Kuzmenko ◽  
...  
Keyword(s):  
Risk Management ◽  
Financial Reporting ◽  
Internal Control ◽  
Information Disclosure ◽  
Reporting System ◽  
Management Accounting ◽  
Professional Judgment ◽  
Integrated Reporting ◽  
Effective Response ◽  
Reporting Systems

The article is concerned with studying the risks that are formed in the accounting and financial reporting system, their grouping and characterization for effective management and improvement of enterprise performance. Risk management standards clearly indicate the responsibility of management in assessing risks, managing and reporting them. The transformation of user approaches and needs to complete and reliable information about the risks of enterprises, in particular to the preparation of integrated reporting, indicates that the process of improving both the management and the reporting systems is underway. Accounting simultaneously acts as a function of risk management through the creation of reserves and provisions, a means of displaying risks and decisions about them through disclosure of information in the reporting, and is also a source of risk formation. The literature highlights the latter aspect the least. On the basis of the carried out research, the following groups of risks arising in the accounting and reporting system are determined: risks in the field of application of international (or national) accounting and reporting standards; absence (inefficiency) of management accounting, tax planning, internal control, independent audit; risks of errors and fraud; risks of adverse changes in legislation. For each group, the enterprise will be able to choose the most effective response measures through distribution (by creating reserves, insurance, diversification, outsourcing, developing accounting policies and job descriptions) and reducing risks (through investing in staff education: trainings, seminars, courses and motivation, updating accounting software, compiling and reporting, substantiating professional judgment, improving the internal control system, regulating management accounting, integrated reporting, system solutions). Thus, in order to increase the efficiency of risk management, of practical value should be taking into account the risks of accounting and reporting systems, if we consider them as a source of risks, and not only as an instrument for administration or information disclosure.

The informational component of corporate social responsibility assessment: Results of empirical research

2021 ◽  
Vol 20 (11) ◽  
pp. 2089-2112
Author(s):  
Ol'ga V. EFIMOVA ◽  
Ol'ga V. ROZHNOVA
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Reporting ◽  
Information Disclosure ◽  
Social Problems ◽  
Systems Approach ◽  
Social Information ◽  
Financial Statements ◽  
Corporate Social

Subject. We consider completeness and quality of social information disclosure for systematic presentation of corporate social responsibility of organizations in financial and public non-financial reporting. Objectives. The aim is to present a comprehensive research of information component of social responsibility of Russian large business enterprises, based on the analysis of their financial and non-financial reporting information. Methods. We employed methods of logical, statistical, comparative, and linguistic analysis. We also analyzed financial and public non-financial reports of Russian metallurgical companies. Special attention was paid to the availability and completeness of presented social disclosures. The study investigates annual financial statements and public non-financial statements for 2018–2020. Results. We offer a systems approach to the study and assessment of social responsibility, based on the analysis of the content of selected indicators, formulate recommendations that are necessary to increase the social responsibility of companies through improving the quality of content of reporting information and its orientation to solving global social problems. The findings enabled to reveal the areas of social information disclosure that are most significant for increasing the validity of investment decisions. Conclusions. The identified top social problems are in the focus of attention of economic entities; the dynamics of the quality of disclosures in corporate reports over the past three years has been positive. The trend in the development of non-financial reporting standards in terms of completeness and comprehensive nature of social disclosures enables to count on gradual overcoming of existing problems.

scholarly journals Mapping Global Research on International Financial Reporting Standards: A Scientometric Review

2021 ◽  
Vol 12 (3) ◽  
pp. 116
Author(s):  
Oleh Pasko ◽  
Mykola Hordiyenko ◽  
Fuli Chen ◽  
Yarmila Tkal ◽  
Yulia Abraham
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Value Relevance ◽  
Disclosure Quality ◽  
Global Business ◽  
Financial Reporting Standards ◽  
The Usa ◽  
The Impact ◽  
Practical Level ◽  
Global Research

For the purpose to provide scholars with a more quantifiable and visualized snapshot of the realm of IFRS research (lingua franca in global business today) we conducted a scientometric review of 973 articles related to the issue published during the period from 2009 to 2020 and indexed in the Web of Science Core Collection. The findings show that the number of related articles has been increasing year by year. The global research on IFRS has been produced chiefly in the USA, England, Australia, China and Germany which not only generated majority of the high-yielding research institutions as well as productive authors but also countries of origins most of the prolific journals. Among the innumerable subject matters debated in these selected papers key are earnings management, information disclosure quality, accounting standards, the impact of IFRS, value relevance, and IFRS adoption. Since 2009, IFRS research bursts can be divided into three stages: 1) the period from 2009 to 2011 - mainly focused on the discussion of the concepts of IAS and IFRS; 2) the period from 2012 to 2014 turned to the theoretical level, and 3) from 2016 to 2020 when the research focused on the practical level. This scientometric review would complement and enrich existing literature by incorporating a quantitative perspective into it.

scholarly journals How narrative reporting changed the business world: providing a new measurement tool

2016 ◽  
Vol 13 (4) ◽  
pp. 317-334 ◽  
Author(s):  
Alexandros Garefalakis ◽  
Augustinos Dimitras ◽  
Christos Floros ◽  
Christos Lemonakis
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Western Europe ◽  
Transitional Period ◽  
Measurement Tool ◽  
Accounting Disclosure ◽  
Business World ◽  
Reporting Practices ◽  
Narrative Reporting

Research on the quality of the narrative portion of the annual report has long been hampered by a lack of tools that permit an objective analysis of qualitative disclosure. This study is the first piece of accounting disclosure quality research which proposes a comprehensive index that uses Key Performance Indicators (KPIs) to enhance understanding of the quality of narrative information disclosure in a very important transitional period of 2002 to 2007. Our results show that after the adoption of IFRS, the level of narrative disclosure compliance with the IASB’s Management Commentary Framework (MCF) is medium, ranging from 8% to 75%, averaging 53% and this shows that there is much room for improvement with respect to the financial statements. Thus, despite the continued demand for better comparability in financial reporting practices, in our sample, a large number of firms do not seem to converge toward a single set of standards for both the narrative and financial disclosure. On the other hand, the region forced to comply with mandatory requirements (e.g., the US) will not provide a greater amount of disclosure information in their MCF reporting than the regions that are not required to comply with these disclosure guidelines (e.g., Western Europe and Northern Europe)

scholarly journals Online disclosure: An analysis of the Egyptian listed companies

2010 ◽  
Vol 8 (1) ◽  
pp. 552-568
Author(s):  
Amr Elsayed ◽  
Ibrahim Elbeltagi ◽  
Ahmed El-Masry
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Information Disclosure ◽  
Listed Companies ◽  
Developed Countries ◽  
Potential Effect ◽  
The Internet ◽  
Wide Audience ◽  
Reporting Practices ◽  
Types Of Information

The internet becomes a very useful information disclosure tool in the recent years. Many corporations begin to disseminate their information on their websites to support the different needs of their stakeholders. Internet financial reporting has unique characteristics. These include, the ability to disseminate the information to wide audience on more timely basis and using different types of information format such as (hypertext, multiple file format (PDF, HTML) and using multimedia). As the internet financial reporting practices are voluntary, many companies can improve their disclosure with both the content and presentation of the disclosed information. Consequently, many studies in developed countries have argued the potential effect of using the internet in disclosing the information and the determinants of disseminating the information on the companies’ websites. The study extends the scope of the previous Egyptian studies by examining the entire Egyptian listed companies (435) in December 2007, investigating the disclosure of corporate governance information in detail, investigating the social disclosure information on the website and checking the timeliness of the disclosed information. The results reveal that 225 companies (51.7%) of the sampled companies have website and among these companies (98.7%) disclosed social information, (91.1%) disclosed corporate governance information, (48%) disclosed timeliness information and (35.6%) disclosed financial information.

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