Board Composition, Regulatory Regime and Voluntary Disclosure

CFA Digest ◽  
2007 ◽  
Vol 37 (1) ◽  
pp. 13-14
Author(s):  
William A. Trent
Keyword(s):  
Voluntary Disclosure ◽  
Regulatory Regime ◽  
Board Composition

Board composition, regulatory regime and voluntary disclosure

2006 ◽  
Vol 41 (3) ◽  
pp. 262-289 ◽  
Author(s):  
Eugene C.M. Cheng ◽  
Stephen M. Courtenay
Keyword(s):  
Voluntary Disclosure ◽  
Regulatory Regime ◽  
Board Composition

scholarly journals Audit Committee Diversity toward Voluntary Disclosure Reporting with Existence of Regulatory Regime as Moderation Variable: a Critical Review

2018 ◽  
Vol 7 (3.30) ◽  
pp. 341
Author(s):  
Ali Shariff kabara ◽  
Dewi Fariha Abdullah ◽  
Aniza Bint Othman
Keyword(s):  
Voluntary Disclosure ◽  
Audit Committee ◽  
Empirical Literature ◽  
Future Research ◽  
Regulatory Regime ◽  
Governance Mechanism ◽  
Managerial Efficiency ◽  
Corporate Governance Mechanism ◽  
Accounting Expertise ◽  
The Relationship

The audit committee is a fundamental and prerequisite tool for fulfilling board’s monitoring role of ensuring transparency, financial and managerial efficiency. Therefore, it has been applied to address perceived governance failure. This paper aims to critically review the previous literature on the relationship between audit committee diversity as a major corporate governance mechanism and corporate voluntary disclosure reporting (CVDR) with a change in the regulatory regime as moderation variable. This review specifically evaluates theoretical and empirical literature related to audit committee diversity such as independence, financial expertise, accounting expertise; and CVDR in order to highlight some important areas of gaps for future research in this field. It also, emphases the need for a more qualitative method for better understanding of the relationship. This paper proposes that examining the moderating influence of the change of the regulatory regime with regard to CVDR would provide more insight into the link between audit committee diversity and CVDR. The policy implication of the study is also discussed. Lastly, the paper stresses the importance of future studies linking audit committee diversity and CVDR, which are quite scanty the existing literature. 

Empirical Evidence on Corporate Governance Impact on CSR Disclosure in Developing Economies

2017 ◽  
pp. 116-137
Author(s):  
Wajdi Ben Rejeb
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Voluntary Disclosure ◽  
Developing Economies ◽  
Negative Impact ◽  
Listed Companies ◽  
Financial Information ◽  
Board Composition ◽  
Csr Disclosure ◽  
Corporate Social

This chapter investigates the influence of the board composition and leadership on Corporate Social Responsibility (CSR) disclosure. The empirical study of 68 Tunisian listed companies and 100 Egyptian listed companies reveals that board independence, foreign directorship, female directorship and state directorship, influence positively CSR disclosure. However, these findings indicate that CEO duality has a negative impact on CSR disclosure. Overall, the findings are consistent with the agency theory as well as the stakeholders theory and suggest that CSR disclosure seems to result from the willingness to meet shareholders' expectations in terms of transparency and voluntary disclosure of non-financial information.

The Association between Board Composition and Different Types of Voluntary Disclosure

2007 ◽  
Vol 16 (3) ◽  
pp. 555-583 ◽  
Author(s):  
S. Lim ◽  
Z. Matolcsy ◽  
D. Chow
Keyword(s):  
Voluntary Disclosure ◽  
Board Composition ◽  
Different Types

scholarly journals Audit Committee Diversity toward Voluntary Disclosure Reporting with Existence of Regulatory Regime as Moderation Variable

2019 ◽  
Vol 8 (6S3) ◽  
pp. 994-1001
Keyword(s):  
Voluntary Disclosure ◽  
Audit Committee ◽  
Empirical Literature ◽  
Future Research ◽  
Regulatory Regime ◽  
Governance Mechanism ◽  
Managerial Efficiency ◽  
Corporate Governance Mechanism ◽  
Accounting Expertise ◽  
The Relationship

The audit committee is a fundamental and prerequisite tool for fulfilling board’s monitoring role of ensuring transparency, financial and managerial efficiency. Therefore, it has been applied to address perceived governance failure. This paper aims to critically review the previous literature on the relationship between audit committee diversity as a major corporate governance mechanism and corporate voluntary disclosure reporting (CVDR) with a change in the regulatory regime as moderation variable. This review specifically evaluates theoretical and empirical literature related to audit committee diversity like independence, financial expertise, accounting expertise; and CVDR in order to highlight some important areas of gaps for future research in this field. It also, emphases the need for a more qualitative method for better understanding of the relationship. This paper proposes that examining the moderating influence of the change of the regulatory regime with regard to CVDR would provide more insight into the link between audit committee diversity and CVDR. The policy implication of the study is also discussed. Lastly, the paper stresses the importance of studies linking audit committee diversity and CVDR, which are quite scanty in the existing literature.

Empirical Evidence on Corporate Governance Impact on CSR Disclosure in Developing Economies

2019 ◽  
pp. 878-899
Author(s):  
Wajdi Ben Rejeb
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Voluntary Disclosure ◽  
Developing Economies ◽  
Negative Impact ◽  
Listed Companies ◽  
Financial Information ◽  
Board Composition ◽  
Csr Disclosure ◽  
Corporate Social

This chapter investigates the influence of the board composition and leadership on Corporate Social Responsibility (CSR) disclosure. The empirical study of 68 Tunisian listed companies and 100 Egyptian listed companies reveals that board independence, foreign directorship, female directorship and state directorship, influence positively CSR disclosure. However, these findings indicate that CEO duality has a negative impact on CSR disclosure. Overall, the findings are consistent with the agency theory as well as the stakeholders theory and suggest that CSR disclosure seems to result from the willingness to meet shareholders' expectations in terms of transparency and voluntary disclosure of non-financial information.

scholarly journals Board composition, ownership structure and voluntary disclosure: An empirical study of the listed companies in Egypt

2014 ◽  
Vol 11 (2) ◽  
pp. 415-426 ◽  
Author(s):  
Mohammed Moustafa Soliman ◽  
Aiman A. Ragab ◽  
Mohammed B. Eldin
Keyword(s):  
Ownership Structure ◽  
Voluntary Disclosure ◽  
Institutional Ownership ◽  
Ownership Concentration ◽  
Board Composition ◽  
Board Independence ◽  
Managerial Ownership ◽  
Voluntary Disclosures ◽  
Board Size ◽  
The Relationship

The aim of this study is to examine the relationship between board composition and ownership structure variables on the level of voluntary information disclosures of companies listed on the Egyptian Stock Exchange. Board composition is examined in terms of board independence; board size; and CEO duality; also, ownership structure is examined in terms of ownership concentration; institutional ownership; and managerial ownership. The results show that there is a significant negative relationship between CEO duality and voluntary disclosures. However, board independence; board size; ownership concentration; institutional ownership; and managerial ownership are not associated with voluntary disclosures. Also, the results of the regression analyses show that size and leverage of firms are significantly and positively associated with the level of voluntary information disclosures. Profitability of a firm is not significantly associated with voluntary disclosures. Finally, this paper indicates the relationship among board composition, ownership structure and corporate voluntary disclosure, and provides evidence for Egyptian regulators to improve corporate governance and optimize ownership structure.

scholarly journals Ownership Structure, Board Composition and Voluntary Disclosure by Non-financial Firms Listed in )ASE)

2020 ◽  
Vol 13 (7) ◽  
pp. 93
Author(s):  
Dana Adel Alqatameen ◽  
Mahmoud Abd Alhaleem Alkhalaileh ◽  
Mohammad Nadeem Dabaghia
Keyword(s):  
Financial Reporting ◽  
Ownership Structure ◽  
Voluntary Disclosure ◽  
Stock Exchange ◽  
Annual Reports ◽  
Board Composition ◽  
Financial Firms ◽  
The Board Of Directors ◽  
Financial Disclosures ◽  
The Impact

This study aims to examine the impact of ownership structure and board composition on the level of voluntary disclosure by non-financial firms listed in the Amman Stock Exchange (ASE). The study uses panel hand-collected data from 443 annual reports for a 5-year period (2012 – 2016) and employs an OLS-regression to test the study predictions. Compatible with the study predictions and most prior related studies’ findings, both higher managerial ownership and the CEO-duality produce low levels of voluntary disclosure, while foreign ownership is positively associated with the level of voluntary disclosure. Findings also indicate that larger firms deemed to provide higher levels of voluntary disclosures than smaller firms. Besides, companies audited by big4 firms disclose more voluntary information than those audited by others. The study findings have implications for policymakers and regulators. Policymakers and regulators may encourage, emphasize and enforce, if necessary, the regulation that enhances the quality of financial disclosures including the separation between the Chairman of the board of directors and CEO roles to improve the level of control and supervision and enhance the transparency of financial reporting by Jordanian firms.

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