scholarly journals The impact of firm characteristics on the voluntary disclosure – evidence on the top 50 listed firms of Forbes Vietnam

2021 ◽  
Vol 18 (1) ◽  
pp. 215-222
Author(s):  
Tran Quoc Thinh
Keyword(s):  
Voluntary Disclosure ◽  
Time Series Data ◽  
Ordinary Least Squares ◽  
The State ◽  
Series Data ◽  
State Agencies ◽  
Firm Characteristics ◽  
Listed Firms ◽  
Size Growth ◽  
The Impact

Disclosure plays an important role for information users. Voluntary disclosure is more meaningful for stakeholders in order to make appropriate decisions. The article researches the impact of firm characteristics on the voluntary disclosure of the top 50 listed firms in Forbes Vietnam (50 listed firms) from 2015 to 2019. It uses the ordinary least squares of time-series data to test the regression model. The signaling and agency theory is used to explain the relationship between firm characteristics on voluntary disclosure. The research results show three variables of firm characteristics that positively impact the voluntary disclosure of 50 listed firms, including firm size, growth rate of market share value to book value, and audit type, in which audit type has the strongest influence. Accordingly, the state agencies of Vietnam should encourage 50 listed firms to improve the Vietnamese listed firms’ voluntary disclosure and meet international economic integration. AcknowledgmentWe would like to thank Assoc. Prof. Ngoc Thach Nguyen (Phd), Assoc. Prof. Hoang Anh Ly (Phd) and Assoc. Prof. Thi Loan Nguyen (PhD), as well as some experts of the State Securities Commission of Vietnam and some leaders of 50 listed firms for their advice and support the project.

Determinants of corporate social and environmental voluntary disclosure in Saudi listed firms

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Helmi A. Boshnak
Keyword(s):  
Corporate Governance ◽  
Firm Size ◽  
Ownership Structure ◽  
Voluntary Disclosure ◽  
Firm Characteristics ◽  
Content Type ◽  
Listed Firms ◽  
Corporate Social ◽  
The Impact ◽  
Ifrs Implementation

Purpose This paper aims to examine firm characteristics and ownership structure determinants of corporate social and environmental voluntary disclosure (CSEVD) practices in Saudi Arabia to address the paucity of research in this field for Saudi listed firms. Design/methodology/approach The paper uses manual content and regression analyses for online annual report data for Saudi non-financial listed firms over the period 2016–2018 using CSEVD items drawing on global reporting initiative-G4 guidelines. Findings Models show that Saudi firm CSEVD has increased over time compared to previous studies to an average of 68% disclosure due to new corporate governance regulations and IFRS implementation. The models show that firm size, leverage, manufacturing industry type and government ownership are positive determinants of CSEVD, while family ownership is the negative driver of CSEVD. However, firm profitability, audit firm size, firm age and institutional ownership have no impact on the level of CSEVD. Originality/value Using legitimacy and stakeholder theories, the paper determines the influence of firm characteristics and ownership structure on CSEVD, identifying implications for firm stakeholders and providing some evidence on the impact of corporate governance regulation and IFRS implementation on such disclosure. The paper provides additional evidence on progress towards Saudi’s Vision 2030.

scholarly journals Impact of Macro-Economic Variable on Pakistan Stock Exchange KSE-100 Index

2021 ◽  
Vol 2 (3) ◽  
pp. 17-23
Author(s):  
Muhammad Faisal Hassan ◽  
Hashim Bin Jusoh ◽  
Sajjad Khan ◽  
Fahad Ali Khan ◽  
Muhammad Naseem ◽  
...  
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Time Series Data ◽  
Positive Impact ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Short Run ◽  
The Impact ◽  
Adf Test

The researcher investigates the Impact of inflation, exchange rate and interest rate on Pakistan stock Exchange performance KSE-100 index by using monthly time series data which covers the period of 2013 to 2020. The econometrics techniques which are employed includes ADF test, Ordinary Least squares regression Model, testing for Multi-collinearity, Residual analysis serial correlation, testing for co-integration, Error correction model (ECM), variance decomposition (VAR) and Pair wise granger causality test. The results indicate that there is positive impact of exchange rate on PSX 100 index and the impact of inflation and interest rate is fond negative but inflation have insignificant relationship with PSX 100 index and the other two relationships are found significant. From the ECM result it is found that in short run 20% of the variation in dependent variable is due to inflation, exchange rate and interest rate and 80% variation is unexplained in short run. Form the results of VAR test it is concluded that exchange rate 1.67, inflation 14.25%, and interest rate 3.90% variation cause in PSX 100 index performance due to these three independent variables.

scholarly journals The impact of corporate governance on the disclosure level in the interim financial reporting: An empirical study of Vietnamese commercial banks

2021 ◽  
Vol 16 (1) ◽  
pp. 27-35
Author(s):  
Tran Quoc Thinh ◽  
◽  
Dang Anh Tuan ◽  
Le Xuan Thuy ◽  
◽  
...  
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Commercial Banks ◽  
Boards Of Directors ◽  
Time Series Data ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Business Decisions ◽  
Two Factors ◽  
The Impact

The disclosure level in the interim financial reporting is important to users when making business decisions. Useful information from interim financial reporting ensures timeliness and flexibility of business operations. Information disclosures that ensure completeness will enhance the quality of information for users. The paper aims to examine the factors of corporate governance that affect the disclosure level in interim financial reporting of Vietnamese commercial banks. To test the model, ordinary least squares (OLS) are used. For the data of this study, 286 samples of 30 commercial banks were studied and time series data were used for 10 years from 2010 to 2019. The results show that there are two factors that positively influence the disclosure level in interim financial reporting, such as the Board size and foreign Board members. Thus, the paper offers some policy recommendations for the Central bank of Vietnam and Boards of directors of commercial banks, as well as investors to improve disclosure in interim financial reporting.

scholarly journals Impact of Government Expenditure on Agricultural Value Chain in Nigeria

2020 ◽  
pp. 192-204
Author(s):  
Eneji Mathias Agri ◽  
Agri Angela Iyaji ◽  
Felix Nanwul Diyemang ◽  
Offorma Jecinta Chioma
Keyword(s):  
Value Chain ◽  
Positive Relationship ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Government Expenditure ◽  
Percent Level ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Huge Impact ◽  
The Impact

This research examined the impact of government expenditure on agricultural value chain in Nigeria. It uses annual time series data for the period 1998-2018. Statistical Techniques, survey, simple percentages and the Ordinary Least Squares (OLS) methods were adopted. The OLS result using Multiple Regression analysis revealed an insignificant positive relationship between government expenditure and Agricultural value chain, proxy by Aggregate importation of rice (AMR). Imports had a negative sign; it is a leakage on the economy. It however, showed that agricultural gross domestic product (ADP) has a positive relationship with government expenditure, at 5 percent level. The pair-wise Granger causality tests showed that government expenditure on agriculture (GEA) granger causes aggregate importation of rice (AMR), this was indicated by their respective F-statistics and probability values which stood at 0.39420(0.6815).. In conclusion, government expenditure, with supportive policies, would have huge impact on agricultural value chain in Nigeria. The agricultural sector is the engine of economic recovery, growth and development, therefore an improvement in government spending to the sector is recommended. This study contributes to the downstream linkages in the agricultural sector.

scholarly journals Co-Integration Approach to Analysing The Impact of External Debt Management on Economic Growth of Nigeria

2021 ◽  
Vol 2 (2) ◽  
pp. 111-128
Author(s):  
Biradawa Kayadi ◽  
Confidence Chinwe Opara ◽  
Christy Twaliwi Zwingina ◽  
Udeme Okon Efanga
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
External Debt ◽  
Ordinary Least Squares ◽  
Debt Service ◽  
Debt Management ◽  
Series Data ◽  
Integration Test ◽  
The Impact

This study examined the impact of External debt management on economic growth of Nigeria. Using annual time series data collected over the period of 33 years (1986 – 2018). The data for the study were collected from the CBN statistical bulletin annual report. The variables on which data are collected include: Real Gross Domestic Product, External Debt, External Debt service, Balance of Payment and Exchange Rate. Data were analyzed using the Ordinary least squares (OLS) multiple regression analysis. It proceeded with Descriptive statistics; Augmented Dickey Fuller (ADF) unit root test, Co-integration test and Auto-Regressive Distributed Lag (ARDL). The study revealed that impact of external debt management on economic growth of Nigeria over the period under review was statistically significant with external debt, external debt service payment and balance of payment but statistically insignificant with exchange rate. The study recommended that governments should establish and adopt an optimal balance between external debt acquisition and application /allocation of the acquired funds to productive projects for the purpose of making a high output and a steady economic growth. The management should live up to expectation by encouraging efficient commitment of borrowed funds to productive projects so as to comply with debt serving agreement and outright payments, measures such as improving exports should be implemented to ensure that local currencies are stable.

scholarly journals Impact of External Debt Management on Economic Growth of Nigeria

2021 ◽  
Vol 2 (2) ◽  
pp. 25-41
Author(s):  
Ogbonna Ogbonna ◽  
Ihemeje Ihemeje ◽  
Obioma Obioma ◽  
Hanson Hanson ◽  
Amadi Amadi
Keyword(s):  
Economic Growth ◽  
Exchange Rate ◽  
Time Series Data ◽  
External Debt ◽  
Ordinary Least Squares ◽  
Debt Service ◽  
Debt Management ◽  
Series Data ◽  
Integration Test ◽  
The Impact

This study examined the impact of External debt management on economic growth of Nigeria. Using annual time series data collected over the period of 33 years (1986 – 2018). The data for the study were collected from the CBN statistical bulletin annual report. The variables on which data are collected include: Real Gross Domestic Product, External Debt, External Debt service, Balance of Payment and Exchange Rate. Data were analyzed using the Ordinary least squares (OLS) multiple regression analysis. It proceeded with Descriptive statistics; Augmented Dickey Fuller (ADF) unit root test, Co-integration test and Auto-Regressive Distributed Lag (ARDL). The study revealed that impact of external debt management on economic growth of Nigeria over the period under review was statistically significant with external debt, external debt service payment and balance of payment but statistically insignificant with exchange rate. The study recommended that governments should establish and adopt an optimal balance between external debt acquisition and application /allocation of the acquired funds to productive projects for the purpose of making a high output and a steady economic growth. The management should live up to expectation by encouraging efficient commitment of borrowed funds to productive projects so as to comply with debt serving agreement and outright payments, measures such as improving exports should be implemented to ensure that local currencies are stable.

scholarly journals Impact of Oil Price Changes on Certain Budget Variables, Government and Tax Revenues, External Grants, and Government Expenditures in Jordan

2018 ◽  
Vol 10 (7) ◽  
pp. 150
Author(s):  
Amjad Qwader
Keyword(s):  
Alternative Energy ◽  
Time Series Data ◽  
Ordinary Least Squares ◽  
Oil Price ◽  
Government Expenditures ◽  
Series Data ◽  
Price Changes ◽  
Tax Revenues ◽  
The Government ◽  
The Impact

This study evaluated the impact of oil price changes on certain budget variables in Jordan over the period of 1992 to 2015. Time series data were analyzed using econometric techniques that included ordinary least squares. Findings from the analysis revealed a statistically significant positive correlation for oil price on government and tax revenues, external grants, and government expenditures, whereas oil price on budget deficits had a statistically significant negative correlation. Therefore, the study proposes that the government of Jordan directly invests its oil tax revenues in economic sectors, such as agriculture and manufacturing, to broaden the sources of revenue, as well as exploit such revenues to establish alternative energy projects, whether from the sun, wind, or both. In addition, the establishment of such projects is suitable for the conditions of the Jordanian environment.

scholarly journals Impact of Financial Intermediaries on Nigerian Economic Growth

2021 ◽  
Vol 12 (1) ◽  
pp. 348
Author(s):  
Charles O. Manasseh ◽  
Johnson I. Okoh ◽  
Felicia C. Abada ◽  
Jonathan E. Ogbuabor ◽  
Felix C. Alio ◽  
...  
Keyword(s):  
Economic Growth ◽  
Financial Intermediation ◽  
Time Series Data ◽  
Critical Factor ◽  
Ordinary Least Squares ◽  
Bank Credit ◽  
Series Data ◽  
Policy Reforms ◽  
Bank Reserves ◽  
The Impact

This paper empirically investigated the impact of financial intermediation of economic growth in Nigeria. Quarterly time series data generated from the World Bank Development indicator and the Nigerian Bureau of Statistic for the periods 1994Q1 to 2018q4 were used for the analysis, and Ordinary Least Squares (OLS) regression technique was adopted for the estimation of the hypotheses. Per-capita GDP was used as a measure of economic growth, while bank deposit, bank credit and bank reserves are measures of financial intermediation. Further investigation also show that bank deposit is positively and significantly related to GDPpc, suggesting that increase in bank deposit brings about 0.244193 increases in economic growth. We further observed that bank credit impacted positively on economic growth. Though, the impact was found to be insignificant. Hence, we also found bank reserve to assert significant and positive impacted on economic growth. From the findings, we suggest for good policy reforms that may promote the efficiency and the development of bank which serve as a critical factor for economic growth in Nigeria.

scholarly journals Independent Generated Revenue of Three Tiers of Government and Money Supply in Nigeria

2019 ◽  
Vol 5 (1) ◽  
pp. 137
Author(s):  
Cordelia Onyinyechi Omodero
Keyword(s):  
Local Government ◽  
Money Supply ◽  
Time Series Data ◽  
Least Squares Method ◽  
Negative Impact ◽  
Ordinary Least Squares ◽  
Annual Reports ◽  
Series Data ◽  
Ex Post ◽  
The Impact

<p><strong><em>Aim/Purpose:</em></strong><em> The purpose of this study is to provide empirical evidence on the impact of independent generated revenue of the three tiers of government on money supply in Nigeria.</em></p><p><strong><em>Design/methodology/approach:</em></strong><em> The study employs ex post facto research design and makes use of annual time series data spanning from 1981 to 2017. The data have been sourced from CBN Statistical Bulletin 2017 edition and CBN Annual Reports while Ordinary Least Squares method is used to carry out the analysis with the aid of Statistical Package for Social Sciences (SPSS) version 20.</em></p><p><strong><em>Findings:</em></strong><em> The results of the study indicate that Federal Government Independent Revenue (FGIR) and State government Independent Revenue (SGIR) influence money supply positively and significantly. On the contrary, the Local Government Independent Revenue has an insignificant negative impact on money supply.</em></p><p><strong><em>Research implications/Limitations:</em></strong><em> The implication of this finding is that if independent generated revenue under the jurisdiction of Local Government Councils in Nigeria is not properly regulated by the Monetary Authority in the country through a well-structured monetary policy measures, it will adversely affect the money supply. </em></p><p><strong><em>Originality/value/contribution:</em></strong><em> this study has been able to establish the influence of independent revenue of each tier of government in Nigeria on money supply. Most importantly, the study finds evidence that independent generated revenue of local government councils in Nigeria does not have positive influence on money supply in the country. Therefore, the study suggests that monetary policies in the country should incorporate local government optimal management of revenue to avoid unfavorable economic situations such as inflation which is prompted by too much money circulating in an economy.</em></p>

scholarly journals Derivation Funds Management and Economic Development of Nigeria: Evidence From Niger Delta States of Nigeria

2018 ◽  
Vol 9 (2) ◽  
pp. 165
Author(s):  
Cordelia Onyinyechi Omodero ◽  
Michael Chidiebere Ekwe ◽  
John Uzoma Ihendinihu
Keyword(s):  
Economic Development ◽  
Niger Delta ◽  
Time Series Data ◽  
Positive Impact ◽  
Well Being ◽  
Ordinary Least Squares ◽  
Series Data ◽  
Regression Result ◽  
The People ◽  
The Impact

Economic Development of any nation depends on the efficient use of available resources and the integrity of people entrusted with the management of those resources. This paper investigated the impact of the Management of derivation funds accruable to Niger Delta States and how it affects Economic Development of Nigeria. The study employed a descriptive research design and made use of Ordinary Least Squares (OLS) technique to test the hypothesis. The time series data used covered a period from 1981 to 2016 and were collected from the Central Bank of Nigeria (CBN) Statistical Bulletins and World Bank reports. The data gathered were on Real Gross Domestic Product (RGDP) which is the dependent variable and Niger Delta States Derivation Funds (NDSDF) as the explanatory variable. The regression result revealed a positive relationship between the RGDP and NDSDF. The study also found evidence that NDSDF has significant positive impact on the RGDP. These findings led to a conclusion that the lack of infrastructures and other physical evidences of Economic Development in the Niger Delta States have been as a result of mismanagement of funds and embezzlement. If the derivation allowance is well utilized the economic well-being of the people in the area will improve and the clamour for resource control will cease.

Sign in / Sign up

Export Citation Format

Share Document