Financial reporting practices of Indonesian companies before and after the Asian financial crisis

2004 ◽  
Vol 11 (2) ◽  
pp. 193-221 ◽  
Author(s):  
Richard D. Morris ◽  
Beauty Utama Setiadi Ho ◽  
Tam Pham ◽  
Sidney J. Gray
Keyword(s):  
Financial Crisis ◽  
Financial Reporting ◽  
Asian Financial Crisis ◽  
Reporting Practices ◽  
Before And After

Stock Market Linkages Before and After the Asian Financial Crisis: Evidence from Three Greater China Economic Area Stock Markets and the US

2006 ◽  
Vol 09 (02) ◽  
pp. 297-315 ◽  
Author(s):  
Hwahsin Cheng ◽  
John L. Glascock
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Stock Returns ◽  
Stock Markets ◽  
The United States ◽  
Asian Financial Crisis ◽  
Greater China ◽  
Market Linkages ◽  
Economic Area ◽  
Before And After

We investigate the stock market linkages between the United States and three Greater China Economic Area stock markets — China, Hong Kong, and Taiwan, before and after the 1997 Asian financial crisis. Daily stock market indices from January 1995 to December 2000 are used for the analysis. Results from Granger causality test indicate increased feedback relationships between the markets in the post-crisis period. We also find, from the principal component analysis, fewer common factors affecting stock returns after the crisis, suggesting more harmonious market co-movements after the financial crisis. Additionally, results from a variance decomposition analysis suggest that stock markets are more responsive to foreign shocks after the crisis. This further strengthens the evidence that stock markets become more interrelated after the 1997 Asian financial crisis.

Stock‐market forecasts by Singapore newspapers before and after the 1997 Asian financial crisis

2002 ◽  
Vol 12 (1) ◽  
pp. 100-125 ◽  
Author(s):  
Choy How Yun ◽  
Koh Siau Wei ◽  
Tay Hwee Peng ◽  
Hao Xiaoming
Keyword(s):  
Financial Crisis ◽  
Stock Market ◽  
Asian Financial Crisis ◽  
Before And After

scholarly journals Sustainability Performance Indicators and Non-Financial Information Reporting. Evidence from the Italian Case

2020 ◽  
Vol 10 (1) ◽  
pp. 13 ◽  
Author(s):  
Domenico Raucci ◽  
Lara Tarquinio
Keyword(s):  
Financial Reporting ◽  
Performance Indicators ◽  
Value Added ◽  
Financial Information ◽  
Reporting Practices ◽  
Sustainability Performance ◽  
Italian Case ◽  
Eu Directive ◽  
Before And After ◽  
Guidelines And Standards

Non-financial reporting is a growing topic, and the adoption of the EU Directive 2014/95/EU on non-financial information (NFI) is increasing the use of this reporting. One of the most distinctive elements of guidelines and standards that are widely used to draw-up reports on NFI is sustainability performance indicators (SPIs). SPIs can provide a significant value-added to non-financial corporate communication, and they are useful tools to support internal decision-making processes. The purpose of this study is to examine the effects produced on SPIs disclosure by the entry into force of the Italian Decree implementing the Directive on NFI. Content analysis method is used to analyze indicators disclosed by Italian companies before and after the adoption of the Decree. Findings show that each category of SPIs was largely used by the companies of our 2012 sample, but a reduction of the quantity of indicators disclosed was documented in 2017. Therefore, after the introduction of mandatory disclosure of NFI, companies seem to focus only on indicators considered more “relevant” according to the Directive. This research represents one of the preliminary analysis on the adoption of the Directive in Italy and on its first effects on NFI reporting practices.

Earnings relevance changes post the Egyptian revolution crisis

2019 ◽  
Vol 17 (1) ◽  
pp. 60-79
Author(s):  
Sara Abdallah
Keyword(s):  
Financial Crisis ◽  
Financial Reporting ◽  
Value Relevance ◽  
Discretionary Accruals ◽  
Ordinary Least Squares ◽  
Information Value ◽  
Egyptian Revolution ◽  
Content Type ◽  
Before And After ◽  
Using Data

Purpose This paper aims to investigate whether the value relevance of accounting information has been affected by the occurrence of the Egyptian revolution financial crisis. More specifically, this paper examines the value relevance changes of three key accounting constructs: operating cash flow, normal non-discretionary accruals and discretionary accruals before and after the Egyptian revolution crisis. Design/methodology/approach Ordinary Least Squares (OLS) regression is used to examine the changes in earnings value relevance across before and after the Egyptian revolution crisis. The performance matched Jones model (Kothari et al., 2005) is used to estimate the discretionary accruals. Findings After the Egyptian revolution financial crisis, the discretionary accruals (DAC) information value has significantly improved. However, the non-discretionary earnings components (OCF and NDAC) have minimal changes. The evidence of further analysis indicates that managers are using the discretionary accruals to signal the future adding value investments that respond optimally to changes in discount rates. Research limitations/implications The paper extends the literature debate about earnings management over a financial crisis; the findings provide implications for regulatory bodies that could learn how the common incentives of firms to attract potential investors during a crisis could lead them to provide a high-quality financial reporting. Originality/value Using data from the Egyptian market, the paper fills a research gap by examining the value relevance of earnings and tests whether the revolution crisis has influenced earnings reporting and firms’ values from a relatively developing country with special institutional and enforcement backgrounds.

scholarly journals Corporate strategy, corporate governance and performance of financial institutions in Malaysia

2014 ◽  
Vol 12 (1) ◽  
pp. 386-398
Author(s):  
Basiru Salisu Kallamu ◽  
Nur Ashikin Mohd Saat
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Corporate Strategy ◽  
Asian Financial Crisis ◽  
Significant Difference ◽  
Before And After ◽  
And Performance ◽  
Using Data ◽  
The Impact ◽  
Risk Management Committee

We examine the impact of corporate strategy and corporate governance on the performance of finance companies in Malaysia using data from 406 firm-year observations. The results indicate that diversification influence accounting returns negatively while separate risk management committee (RMC) influence market valuation of finance companies positively both in the period after the Asian financial crisis which also is the period after the Malaysian Code on Corporate Governance (MCCG) was issued. Finally, the results indicate significant difference between the period before and after the Asian financial crisis and MCCG in terms of diversification and corporate governance in the finance companies. The results support agency theory which suggests that diversification may create further agency problem between the management and the shareholders

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