scholarly journals Disclosure Dynamics and Non-Financial Reporting Analysis. The Case of Romanian Listed Companies

2021 ◽  
Vol 13 (9) ◽  
pp. 4732
Author(s):  
Mărioara Beleneși ◽  
Victoria Bogdan ◽  
Dorina Nicoleta Popa
Keyword(s):  
Financial Reporting ◽  
Composite Index ◽  
Listed Companies ◽  
Financial Information ◽  
Cross Sectional ◽  
Sustainable Performance ◽  
Governance Indicators ◽  
Main Component Analysis ◽  
Main Component ◽  
Sectional Analysis

New challenges and perspectives to improve non-financial reporting and the disclosure of environmental, social, and governance indicators have been launched towards the development horizon of Romanian public interest entities, implementing the provisions of Directive 2014/95/EU in the local regulatory framework. In this context, our approach focused on the content analysis of the non-financial information reported by listed companies, for the period 2017–2019, and the measure of the average disclosure degree on environmental, social, economic, and governance (ESEG) indicators. To measure the average degree of disclosure, a composite index was constructed through the main component analysis for categorical data that allowed the classification of sampled companies by sustainable performance. The results showed a slight increase in the ESEG disclosure index at the level of the sampled companies, from 47 units in 2017 to 52 units in 2019, several companies “went ahead” and others “recovered over the period”. Cross-sectional analysis revealed differences in the average non-financial disclosure index, and also in the disclosure index of ESEG indicators. The non-parametric correlation analysis highlighted the existence of a statistically significant positive correlation of medium intensity between the disclosure index of non-financial information and the publication of the non-financial statement or report.

scholarly journals Do audit committee characteristics of Bahraini listed companies have an effect on the level of internet financial reporting?

2016 ◽  
Vol 13 (3) ◽  
pp. 131-147 ◽  
Author(s):  
Sara AbdulHakeem Saleh AlMatrooshi ◽  
Abdalmuttaleb M. A. Musleh Al-Sartawi ◽  
Zakeya Sanad
Keyword(s):  
Corporate Governance ◽  
Literature Review ◽  
Financial Reporting ◽  
Audit Committee ◽  
Positive Relationship ◽  
Listed Companies ◽  
Financial Information ◽  
The Internet ◽  
Regression Test ◽  
The Relationship

Corporate Governance and IFR are influential topics that need to be addressed nowadays due to its importance. Especially since companies are growing and extending globally. This research is conducted in Kingdom of Bahrain through the year 2014, where it investigates the relationship between Audit Committee characteristics as a tool of CG and IFR. Literature review has been conducted, not to mention Multi-regression test was used to evaluate the relationship between Audit Committee characteristics and IFR for Bahraini listed companies. The results have showed that the relationship between Audit Committee characteristics and IFR is negative, which indicates that the Audit committee characteristics have no influence over the disclosure of financial information over the internet. However, Frequency of meeting of the board and Big4 resulted in a positive relationship with internet financial reporting. The study ends with a main conclusion and recommendation that contain certain steps and advices of disclosing financial information in an appropriate way through the internet in order to improve the relationship between Audit committee characteristics and IFR.

scholarly journals The role of effective audit committee in strengthening the financial reporting: Evidence from Jordanian listed companies

2012 ◽  
Vol 9 (3) ◽  
pp. 59-68 ◽  
Author(s):  
Mo’taz Amin Al-Sa’eed ◽  
Soud M. Al-Mahamid
Keyword(s):  
Financial Reporting ◽  
Internal Control ◽  
Audit Committee ◽  
Internal Audit ◽  
Listed Companies ◽  
International Standards ◽  
Future Research ◽  
External Audit ◽  
Cross Sectional ◽  
Study Results

This study aims to understand the features of an effective audit committee and its role in strengthening financial reporting. A questionnaire based survey was circulated to public listed companies on the Amman Stock Exchange (Banking, insurance, and financial institutions). The study was aimed at internal audit managers and finance managers. Out of 156 questionnaires, we received 110 back which represents a 71% response rate. The study results show that the research respondents have a good level of education and experience. In addition, there is a relationship between internal controls, international standards on auditing, institute of internal audit; Jordan securities commission requirements, external audit, understanding of audit committee functions, and financial reporting. Furthermore, the internal control, international standard on auditing and institute of internal audit, Jordan securities commission requirements, External audit, understanding of audit committee functions can explain a significant amount of the variability in financial reporting. Finally, the research results also show that age and gender make a difference for our respondents when they evaluate financial reporting. The study like other cross sectional studies is not free of limitations. Managerial implications and new avenues of future research are supplied. Future research also can borrow the research model and apply a longitudinal study to solve the cross sectional study problems.

scholarly journals Protectionism within disclosure regulation: evidence from national transparency and GAAP choices

2009 ◽  
Vol 6 (4) ◽  
pp. 234-242
Author(s):  
Patrice Gélinas ◽  
Lisa Baillargeon
Keyword(s):  
Financial Reporting ◽  
Empirical Support ◽  
Accounting Standards ◽  
Cross Sectional ◽  
Disclosure Regulation ◽  
Scarce Resources ◽  
Financial Reporting Standards ◽  
National Welfare ◽  
Sectional Analysis ◽  
And Control

The arguments used thus far in the literature to justify disclosure regulation are that it increases global economic efficiency and that it redistributes wealth among investors. In this paper, we depart from this view and propose that disclosure regulation may also be used by national authorities as a protectionist mechanism to indirectly charge for access to national scarce resources and thereby extract economic rents from resources-needy entities. This increases national welfare, but is inefficient globally. We find empirical support for our proposition through a cross-sectional analysis of financial reporting standards of 62 countries. Results suggest that national objectives in implementing disclosure regulation represent a major obstacle for the global convergence of accounting standards and that disclosure regulation’s purpose may not be limited to solving the separation of ownership and control dilemma.

scholarly journals Non-financial reporting in Spain. The effects of the adoption of the 2014 EU Directive

2022 ◽  
Vol 25 (1) ◽  
pp. 3-15
Author(s):  
María-Antonia García-Benau ◽  
Helena-María Bollas-Araya ◽  
Laura Sierra-García
Keyword(s):  
Financial Reporting ◽  
Listed Companies ◽  
Financial Information ◽  
First Year ◽  
Eu Directive ◽  
Sustainability Reports ◽  
Sustainability Report ◽  
Management Report ◽  
Do So

The Directive 2014/95/EU imposes new requirements regarding the disclosure of non-financial information (NFI). The aim of this paper is to analyse the NFI disclosed by Spanish listed companies. This is a pioneering study in Spain, since it was conducted during the first year in which NFI disclosure was mandatory, according to the requirements of the Spanish adaptation of Directive. We determine whether decisions on NFI reporting adopted in this respect (i.e. to do so within the management report or as a separate sustainability report) depend on the company’s characteristics. In addition, we consider whether the content of such reports differs significantly. Findings show that some Spanish companies do not disclose mandatory NFI. Larger and more profitable companies, which belong to specific sectors and have a sustainability committee, are more likely to disclose this information in a sustainability report. The contents of management and sustainability reports present significant differences. La Directiva 2014/95/UE impone nuevos requisitos en cuanto a la divulgación de información no financiera (IFN). El objetivo de este trabajo es analizar la IFN divulgada por las empresas cotizadas españolas. Se trata de un estudio pionero en España, ya que se realizó durante el primer año en el que la divulgación de IFN era obligatoria, según los requisitos de la adaptación española a la mencionada Directiva. Determinamos si las decisiones sobre la presentación de la información no financiera adoptadas al respecto (es decir, hacerlo dentro del informe de gestión o como un informe de sostenibilidad independiente) dependen de las características de la empresa. Además, estudiamos si el contenido de dichos informes difiere significativamente. Los resultados muestran que algunas empresas españolas no divulgan la información no financiera obligatoria. Las empresas más grandes y rentables, que pertenecen a sectores específicos y que tienen un comité de sostenibilidad, son más propensas a divulgar esta información en un informe de sostenibilidad. Los contenidos de las memorias de gestión y de sostenibilidad presentan diferencias significativas.

scholarly journals Internet financial reporting and disclosure by listed companies: Further evidence from an emerging country

2012 ◽  
Vol 9 (4-3) ◽  
pp. 351-366 ◽  
Author(s):  
Mohammed Hossain ◽  
Mahmood Ahmed Momin ◽  
Shirely Leo
Keyword(s):  
Financial Reporting ◽  
Firm Size ◽  
Stock Exchange ◽  
Listed Companies ◽  
Financial Information ◽  
The Internet ◽  
Firm Age ◽  
Industry Type ◽  
Emerging Country ◽  
Business Complexity

This paper examines the extent of voluntary financial and non-financial information disclosed on the Internet by an emerging country like Qatar. We tested research hypotheses related to the association between company characteristics and the voluntary dissemination of financial and non-financial information on the Internet based on industry type. A total of 42 companies which are listed on the Qatar Exchange (the only stock Exchange in Qatar) were sampled. An ordinary least regression was undertaken to assess whether voluntary dissemination of information on the Internet was related to firm age, size, profitability, complexity, assets in place, and liquidity. Firm size, assets in-place, and business complexity are variables which are significant in explaining the level of internet financial reporting disclosure, whereas age, profitability, and liquidity are not significant.

Influence of International Financial Reporting Standards on Earnings Management: Comparative Study of Pre-Post IFRS Era in Malaysia

2019 ◽  
Vol 16 (11) ◽  
pp. 4692-4697
Author(s):  
Suramon Chancharoen ◽  
Saroge Vasuvanich ◽  
Khomsan Laosillapacharoen
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Listed Companies ◽  
Cross Sectional Study ◽  
Earning Management ◽  
International Financial Reporting Standards ◽  
Reporting Standards ◽  
Cross Sectional ◽  
Financial Reporting Standards ◽  
Quality Of Accounting Information

Purpose—The motive of this study is to examine the IFRS (International Financial Reporting Standards) and to investigate the influence of its introduction on earning management in the companies (registered as public listed companies) of Malaysia, as the idea of IFRS is to make the statements of the companies more transparent and comparable. Design/Methodology/Approach—100 firms listed on Bursa Malaysia (Stock exchange) were taken for the sampling of data and were investigated to examine the quality of accounting information. In this study, the motive was to evaluate and measure the Earning Management Score (EMS) with respect to the context of Malaysian listed companies. It is based upon cross-sectional study which was introduced by Kothari et al. (2005) and later modified by Jones. The discretionary accruals in this study are evaluated on the basis of the historical estimations of the industry. Findings—The findings of this research suggests that IFRS influences the recognition of the losses in financial statements which depends upon the disclosure requirements and also the relevance of the financial data. Research Limitations/Implications—Every research is bounded by certain limitations. Similarly, in this study there were also few limitations encountered. Firstly, this study covers only one aspect of IFRS which is observance of the intensity of Earning Management, Therefore the conclusion is drawn towards that respective aspect only. Also, the EM (Earning management) is not only and always apprehended via the accrual models, so in future reference other models can be used as well. Finally, this study was based on cross-sectional approach which assumes that all the firms in the industry tend to have same accruals. Whereas, in reality companies differ from each other in structure, characteristically and in all aspects.

scholarly journals Empirical Analysis of Non-Financial Reporting by Spanish Companies

2018 ◽  
Vol 8 (3) ◽  
pp. 29 ◽  
Author(s):  
Laura Sierra-Garcia ◽  
Maria Garcia-Benau ◽  
Helena Bollas-Araya
Keyword(s):  
Financial Reporting ◽  
Information Disclosure ◽  
Listed Companies ◽  
Regulatory Compliance ◽  
Financial Information ◽  
The European Union ◽  
Royal Decree ◽  
Additional Information ◽  
Eu Directive ◽  
The Impact

Spain is one of the European countries that is the most strongly committed to the presentation of non-financial information. In 2017, Spain adapted its legislation to Directive 2014/95/EU through Royal Decree-Law 18/2017, which required Public Interest Entities (PIEs) to provide information in accordance with the requirements of the European Union (EU) Directive, with respect to financial years from 1 January 2017. Our research is focused on Spanish IBEX-351 listed companies and seeks to identify current trends in non-financial reporting. To our knowledge, the present paper is the first study to examine the impact made in Spain by the legislative changes. Our aim is to analyse the publication of non-financial information by Spanish listed companies whose first reports in this regard were made from early 2018. Specifically, we consider the impact of this information disclosure, determining whether the companies in question restrict themselves to meeting regulatory requirements or whether they go further and voluntarily supply additional information. Our findings show that the level of regulatory compliance produced is associated with the business sector in which the company operates. We also show that the highest rates of disclosure of non-financial information correspond to companies that provide this information in the sustainability report.

Built Environment and Frailty: Neighborhood Perceptions and Associations With Frailty, Experience From the Nagoya Longitudinal Study

2020 ◽  
pp. 073346482091266
Author(s):  
Beatriz A. Martins ◽  
Renuka Visvanathan ◽  
Helen R. Barrie ◽  
Chi Hsien Huang ◽  
Eiji Matsushita ◽  
...  
Keyword(s):  
Older Adults ◽  
Land Use ◽  
Frailty Index ◽  
Composite Index ◽  
Community Dwelling ◽  
Neighborhood Environment ◽  
Cross Sectional ◽  
Frailty Status ◽  
Land Use Mix ◽  
Sectional Analysis

Neighborhood physical characteristics have been consistently associated with the health of older adults. This article investigates links between frailty and perceptions of the neighborhood environment. Using a cross-sectional analysis of 370 community-dwelling older adults from Nagoya, Japan, neighborhood perceptions were assessed using the Neighborhood Environmental Walkability Scale (NEWS) in addition to frailty, using a frailty index. Frailty was associated with the NEWS composite index, land use mix diversity, land use mix access, street connectivity, walking infrastructure, aesthetics, and crime safety, after adjustment for covariates. Older adults with increasing frailty have poorer perceptions of their neighborhoods, which could lead to further constriction of the life-space, less social and physical engagement, and worsening of frailty status.

scholarly journals The disclosure of non-financial information by stock-exchange-listed companies in Poland, in the light of the changes introduced by the Directive 2014/95/EU

2018 ◽  
Vol 2018 (99 (155)) ◽  
pp. 65-96 ◽  
Author(s):  
Arleta Szadziewska ◽  
Ewa Spigarska ◽  
dr Ewa Majerowska
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Listed Companies ◽  
Financial Information ◽  
Financial Disclosure ◽  
Tobit Regression ◽  
Low Profile ◽  
Financial Disclosures ◽  
Polish Law ◽  
A Company

Beginning in 2017, stock-exchange-listed companies in Poland have been obliged to publish non-financial information. This is due to the implementation of Directive 2014/95/EU in Polish law, which requires the dis- closure of extended non-financial information on the part of specified large public-interest companies and capi- tal groups. Taking the above into consideration, the aim of this article is to answer the following questions: 1) What is the state of the non-financial disclosures made by stock-exchange-listed companies in Poland? 2) What are the differences in reporting non-financial information by companies from various industries? 3) What factors affect the disclosure of non-financial information? In total, 53 companies were researched. The results obtained indicate that the form of the disclosures varies. Most commonly, non-financial information was presented in management commentaries. The scope of the information presented was diverse. The most non-financial disclosures were made by companies from the chemical and the energy sectors. The following factors influenced the publication of this type of information: the entity’s size, its market value and the industry to which a given company belongs. In contrast, no positive associations between the economic performance of a company and non-financial disclosure, nor between the financial leverage of a company and non-financial disclosure have been found, with the exception of companies from the low-profile sector. The studies involved content analysis and the Tobit regression model. Existing results of research on non-financial reporting made by stock-exchange-listed companies in Poland did not en- compass the last reporting period prior to the introduction of the changes to the Act on Accounting. Therefore, the results obtained allow us to determine the degree of preparation on the part of the researched companies belonging to various sectors (of larger and smaller environmental nuisance).

A Survey of Internet Financial Reporting in Egypt

2014 ◽  
Vol 4 (1) ◽  
pp. 70
Author(s):  
Moataz Elhelaly ◽  
Ehab K.A Mohamed
Keyword(s):  
Developing Countries ◽  
Stock Market ◽  
Financial Reporting ◽  
Financial Statements ◽  
Listed Companies ◽  
Financial Information ◽  
Embryonic Stage ◽  
Western Countries ◽  
Corporate Reporting

Internet financial reporting (IFR) is fast becoming the norm in most western countries, however little is known about IFR practices in developing countries. This paper investigates the extent and variety of practices of internet financial reporting (IFR) by companies listed in the Egyptian Stock Market (CASE). This paper attempts to add to the literature on IFR by providing evidence of IFR practices in Egypt. Out of 213 companies which is the number of companies listed in 2010 the 100 companies in index EGX 100 were investigated to ascertain whether they maintain websites and/or if these sites are being used for communicating financial information. Only 36 of the listed companies on EGX 100 were found to operate websites, with even less (only twenty nine) engaging in IFR. However, IFR is not restricted to the publication of annual financial statements only as the companies also disclose financial highlights through their websites. The results of this study indicate that IFR is still at an embryonic stage in Egypt and there are lots of opportunities and challenges for all stakeholder parties in corporate reporting.

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