RESEARCH NOTES/NOTES DE RECHERCHES: The impact of reform in Canadian state-owned enterprises on voluntary disclosure in annual reports

2004 ◽  
Vol 47 (3) ◽  
pp. 360-378
Author(s):  
Richard Bozec
Keyword(s):  
Voluntary Disclosure ◽  
Annual Reports ◽  
The Impact

scholarly journals Ownership structure and voluntary disclosure in corporate annual reports of Malaysian listed firms

2011 ◽  
Vol 8 (2) ◽  
pp. 296-312 ◽  
Author(s):  
Poh-Ling Ho ◽  
Gregory Tower
Keyword(s):  
Ownership Structure ◽  
Voluntary Disclosure ◽  
Positive Association ◽  
Institutional Ownership ◽  
Ownership Concentration ◽  
Annual Reports ◽  
Policy Makers ◽  
Listed Firms ◽  
Ownership Structures ◽  
The Impact

This paper examines the impact of ownership structure on the voluntary disclosure in the annual reports of Malaysian listed firms. The result shows that there is an increase in the extent of voluntary disclosure in Malaysian listed firms over the eleven-year period from 1996 to 2006. Ownership concentration consistently shows positive association with voluntary disclosure. Firms with higher foreign and institutional ownership have a significantly positive association with voluntary disclosure levels while firms with family ownership exhibit lower voluntary disclosure. Consistent with agency theory, different ownership structures have varied monitoring effects on agency costs and clearly influence firm’s disclosure practices. The findings provide insights to policy makers and regulators in their desire to increase transparency and accountability amidst the continual enhancement of corporate governance. The findings provide evidence that optimized ownership structure in any jurisdiction should be considered in any regulatory process that seeks to improve transparency.

scholarly journals The impact of earnings accounting attributes on the level of voluntary disclosure in the Annual Financial Reports of Jordanian Commercial Banks

2020 ◽  
Vol 8 (4) ◽  
pp. 177-200
Author(s):  
Dina Ziad Suleiman Al-Ali ◽  
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Commercial Banks ◽  
Voluntary Disclosure ◽  
Value Relevance ◽  
Statistical Tests ◽  
Annual Reports ◽  
Financial Reports ◽  
The Impact

The Study aimed to determine the impact of earnings accounting attributes represented by the following variables ( Accrual qulity, Persistence, Predictability, Smoothness, Value Relevance, Timeliness, Conseratism) on the level of voluntary disclosure in the anuual financial reports of Jordanian commercial banks. For the Purpose of the study, the descriptive analytical apporoach was used. The population of the study consisted of Jordanian commercial banks listed on the Amman Stock Exchange (ASE), While the sample of the study consisted of (13) commercial banks, the study data were collected from the annual reports related to the sample of the study during the period (2014-2018). (SPSS) software was used for analyzing data running statistical tests including descriptive statistics ( lowest value, highest value, arithmetic mean, standard deviations) in addition to multiple regression analysis which was used to test the hypotheses of the study. The result of the multiple regression analysis showed relationship between (Conseratism, Value Relevance, Timeliness) and the level of voluntary disclosure, while there was no relationship between (Accrual quilty, Persisten, Predictability, Smoothness) and the level of voluntary disclosure.The study recommended that banks should impose oversight on disclosures and rise awareness of the importance of voluntary disclosure for both high level management and stakeholders.

The Impact of Company Characteristics on Human Resource Disclosure Index: A Study on Service Sector Companies in India

2021 ◽  
pp. 231971452110108
Author(s):  
Kirti Aggarwal
Keyword(s):  
Regression Model ◽  
Human Resource ◽  
Voluntary Disclosure ◽  
Service Sector ◽  
Negative Influence ◽  
Least Square ◽  
Annual Reports ◽  
Accounting System ◽  
Stakeholder Perspective ◽  
The Impact

The main purpose of the study is to know the impact of company characteristics on Human Resource Disclosure Index (HRDI) in service sector companies in India. The sample consists of 22 service sector companies listed on the NSE-500 Index. The data of dependent variable are collected from annual reports using the content analysis approach, and the data of independent variables are collected from CMIE Prowess Database and annual reports of the sample companies. The time period of the study ranges from 2012–13 to 2017–18. For analysis, descriptive statistics, Pearson’s correlation matrix and One-way Least-Square Dummy Variable (LSDV) regression model are used. The findings of the study show that the mean percentage of HRDI is 34.26. It represents the low level of HR disclosure. Further, the results of the LSDV regression model demonstrate that net fixed assets, market capitalization, return on total assets, quick ratio and pages of an annual report have significant positive and net sales, profit after tax, current ratio and type of auditor have significant negative influence on the HRDI. Overall, it can be said that the HRDI used in the present study is a first step towards evaluating the voluntary HR disclosure practices of listed companies in India from the stakeholder perspective and voluntary disclosure of HR information help to rebuild the trust of stakeholders in an accounting system.

scholarly journals The impact of structure-related variables on forward-looking disclosure in the annual reports of non-financial Egyptian companies

2013 ◽  
Vol 11 (1) ◽  
pp. 111-125
Author(s):  
Bassam Baroma
Keyword(s):  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Annual Reports ◽  
Listed Firms ◽  
The Impact ◽  
Egyptian Stock Exchange ◽  
Forward Looking

The main objective of this study is to test the relationship between numbers of variables representing firm characteristics (structure-related variables) and the extent of voluntary disclosure levels (forward-looking disclosure) in the annual reports of Egyptian firms listed on the Egyptian Stock Exchange. This study uses empirically investigate hypothesized impacts of structure-related variables on the extent of forward-looking disclosure. This study uses a list of forward-looking keywords to determine the differences in the level of forward looking disclosure between firms in different sectors. The sample includes 49 non-financial firms listed on the Egyptian Stock Exchange for the years 2008, 2009 and 2010. Statistical analysis is implemented using a multiple linear regression analysis. The results show that firm size is significantly positive (in all the three years) with the level of forward-looking disclosure. Firm age also is, only for the year 2008, and with insignificant association with the level of forward-looking disclosure in years 2009 and 2010. On the other hand, leverage and ownership dispersion variables are found being insignificantly associated with the level of forward-looking information disclosed in the annual reports for all the three years. There are some limitations in this study. First, the study uses the same list of forward-looking items as applied in previous studies. Second, the selected items do not show observed importance levels by financial information users. Third, the study applies an “unweights” approach to measure the level of forward-looking disclosure. Finally, the study concentrates on non-financial listed firms on the Egyptian Stock Exchange and excluded financial and insurance firms. Few studies have examined the forward-looking information disclosure in developing countries, particularly in the Middle East; no study has yet tested disclosure of forward-looking information in the annual reports for Egyptian firms. Furthermore, all previous studies examined the forward-looking disclosure in the annual reports for a sole year: this study examines it for a somewhat longer period (three years).

Board Structure and Voluntary Disclosure

2021 ◽  
pp. 280-304
Author(s):  
Issal Haj-Salem
Keyword(s):  
Voluntary Disclosure ◽  
Boards Of Directors ◽  
Stock Exchange ◽  
Annual Reports ◽  
Board Structure ◽  
Financial Firms ◽  
Board Directors ◽  
Important Extension ◽  
Institutional Shareholders ◽  
The Impact

This chapter investigates the impact of board structure on the voluntary disclosure level in a Tunisian context. It aims to analyse the relationship between the different boards of directors characteristics of 51 companies listed on the Tunisian Stock Exchange for the year 2010. The empirical results affirm that the board independence and the presence of institutional shareholders in the board have a positive and significant influence on the voluntary disclosure in the Tunisian annual reports. However, the other characteristics presented in the chapter do not have significant impact on voluntary disclosure. This study could be considered as an important extension of prior research investigating the impact of governance mechanisms on voluntary disclosure, particularly those related to the impact of the board directors. It should be noted that, contrary to prior research, this chapter considers both financial and non-financial firms. Also, few studies examined the ownership structure within the board. The findings have potential implications for countries' regulators.

Firm’s Financial Performance and Sustainability Efforts: Application of Classifier Models

2018 ◽  
Vol 19 (3) ◽  
pp. 722-736 ◽  
Author(s):  
Koustubh Kanti Ray ◽  
Subrat Kumar Mitra
Keyword(s):  
Financial Performance ◽  
Voluntary Disclosure ◽  
Measurement Techniques ◽  
Model Performance ◽  
Annual Reports ◽  
Socially Responsible ◽  
Social Events ◽  
Binary Model ◽  
Csr Disclosure ◽  
The Impact

Numerous studies in academic literature investigated the impact of socially responsible activities on the financial performance of companies; those are committed to social events relative to companies that do not meet the socially responsible criteria. The existing theoretical and empirical research has supported both contradictory positions. We have chosen a different approach to provide an alternative dimension to existing literature. We have taken voluntary CSR disclosure as the dependant variable and attempted to find how the past financial performances of companies influence CSR activities. We test this hypothesis with 100 Indian companies included in BSE 100 index. The director’s report in the latest annual reports of companies were analysed to get voluntary disclosure of CSR activities. The study includes different financial performance variables: ROA, ROE, ROCE, debt to equity ratio, market capitalization and ownership as independent variables for analysis. Several binary classifier models are used for our empirical analysis. The binary model performances are validated with different performance measurement techniques such as F-measure, accuracy rates, balance error rate (BER), Matthews correlation coefficient (MCC), Kappa coefficient and AUROC. The model performance results show a better accuracy while comparing between predicted and actual values.

scholarly journals The impact of governance and ownership structure on disclosure patterns transcending major regulatory change in Malaysia

2014 ◽  
Vol 12 (1) ◽  
pp. 114-125
Author(s):  
Poh-Ling Ho ◽  
Grantley Taylor
Keyword(s):  
Corporate Governance ◽  
Ownership Structure ◽  
Voluntary Disclosure ◽  
Governance Structure ◽  
Annual Reports ◽  
Regulatory Change ◽  
Voluntary Disclosures ◽  
Corporate Governance Structure ◽  
Concentrated Ownership ◽  
The Impact

The purpose of this study is to investigate the extent of voluntary disclosures between 2006 and 2009 that transcends major regulatory and governance changes in Malaysia and to assess the association between strength of corporate governance structure, and ownership structure on the extent of voluntary disclosures of Malaysian listed firms over that period. The average level of voluntary disclosure within the annual reports of sample firms increased over the two periods. Further, the extent of voluntary disclosure is significantly positively associated with strength of corporate governance structure in both 2006 and 2009. Firms with concentrated ownership structure are associated with more extensive voluntary disclosures. These findings highlight the importance of an effective governance regime and concentrated ownership structure in reducing information asymmetry and agency costs and thereby enhancing the level of voluntary disclosures. These findings also have practical implications for policy-makers, analysts, auditors and regulators in Malaysia as well as East Asian countries

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