scholarly journals Reporting about value creation – Evidence from the Netherlands

2020 ◽  
Vol 94 (7/8) ◽  
pp. 313-329
Author(s):  
Kavita Nandram ◽  
Mohamed El Harchaoui
Keyword(s):  
The Netherlands ◽  
Financial Reporting ◽  
Value Creation ◽  
Annual Report ◽  
Good Practice ◽  
Listed Companies ◽  
Annual Reporting ◽  
A Company ◽  
Insight Into

Value creation is a key element in transparent and informative reporting, as it gives a better impression of the risks and opportunities that a company faces. Companies are expected to report about value creation in their annual report under various regulations and frameworks in relation to non-financial reporting. Therefore, the aim of this study is to obtain insight into whether Dutch AEX and AMX listed companies are making any progress on reporting about value creation in their 2018 annual reporting. Our analysis shows that reporting about value creation can be more specific and companies can pay more attention to any possible destruction of value. Additionally, companies can provide better insight into the long term and other effects of their chosen strategy in their value creation models. The paper provides a number of examples of good practice as inspiration for companies.

scholarly journals Looking back and moving forward: A closer look at the Dutch gender quota

2016 ◽  
Vol 5 (4) ◽  
pp. 7-15
Author(s):  
Annika Galle
Keyword(s):  
Content Analysis ◽  
The Netherlands ◽  
Annual Report ◽  
Listed Companies ◽  
Annual Reports ◽  
The Government ◽  
Gender Quota ◽  
A Company ◽  
Looking Back ◽  
Comply Or Explain

The Dutch Civil Code stipulates that, for balanced gender representation, 30% of seats on the boards of large corporations should be occupied by women. If a company does not meet this requirement, the company is compelled to be transparent in its annual report by means of the ‘comply or explain’ principle. This article analyses the application of this rule through content analysis of the annual reports of 52 listed companies in 2012 and 49 in 2013. The article discusses whether this rule has the desired effect of creating transparency on the gender quota. The conclusion is that ‘the comply or explain’ mechanism is inadequate without further measures, including sanctions. For 2012, 21% of the companies researched made no mention in their annual report of the application of the gender quota. In 2013, 18% of the companies made no mention of it. The companies that did indicate that they did not meet the quota failed to provide the required transparency. The reasons cited for not meeting the quota are nothing more than clichéd phrases, lacking any specificity. If the Netherlands wants to achieve the European and Dutch targets with the aid of the ’comply or explain’ mechanism, the government will have to introduce additional mechanisms, including sanctions - or, alternatively, steer an entirely different course.

scholarly journals Talent Value Creation during Digital Transformation: A Inductive Model of HR Reengineering

2021 ◽  
Vol 4 (4) ◽  
Author(s):  
Hsiu-Hua Hu ◽  
Yaozong Zhu
Keyword(s):  
Qualitative Study ◽  
Value Creation ◽  
Talent Development ◽  
Digital Transformation ◽  
Four Dimensions ◽  
Research Questions ◽  
Key Features ◽  
The Impact ◽  
A Company ◽  
Insight Into

In this study, we are to explore (1) features of HR reengineering, (2) the impact of business digitalization strategies on digital transformation and HR engineering, (3) the impact of business digitalization strategies and HR reengineering on talent value creation, and present the results of a qualitative study that offers insight into 42 “thought units”, which were “categorizing” into four dimensions corresponding to our research questions: (1) plan, (2) do, (3) check, and (4) action. The “check” dimension corresponds to the four key features of HR reengineering related to business digitalization strategy, and how to create talent value when a company successfully implements business-led digital transformation, HR reengineering, and talent value creation, including (1) talent planning, (2) talent introduction, (3) talent adjustment, and (4) talent development.

scholarly journals The Old and the Stubborn? Firm Characteristics and Relocation in the Netherlands

2010 ◽  
Vol 17 (1) ◽  
pp. 41-60 ◽  
Author(s):  
Aleid E. Brouwer
Keyword(s):  
The Netherlands ◽  
Firm Size ◽  
Logit Model ◽  
Firm Characteristics ◽  
Spatial Environment ◽  
Insight Into

This study gives some insight into the relationships between the spatial environment, firm characteristics and long term existence of firms in the Netherlands. A logit model is employed to investigate the locational difference of firms, considering firm characteristics such as age, size, region and network. The main findings are that (long-term) continuation of the location and firm size are positively associated with long-term existence of firms.

Business model disclosure in the Strategic Report

2016 ◽  
Vol 17 (1) ◽  
pp. 83-102 ◽  
Author(s):  
Laura Bini ◽  
Francesco Dainelli ◽  
Francesco Giunta
Keyword(s):  
Business Model ◽  
Financial Reporting ◽  
Annual Report ◽  
Disclosure Quality ◽  
Content Type ◽  
Main Research ◽  
Ontological Approach ◽  
Critical Issues ◽  
A Company ◽  
Technology Industries

Purpose – The purpose of this paper is to evaluate business model (BM) disclosure. As the BM shows how a company creates and captures value, its communication in the Annual Report is considered a necessary background for a dynamic analysis, interpretation, and evaluation of the intellectual capital (IC) contribution to a company’s competitive advantage. Design/methodology/approach – Focusing on a sample of listed UK companies operating in high-technology industries, this paper runs a content analysis of BM disclosure presented in the Strategic Report (SR). To develop the analysis, it refers to an ontological approach that encompasses the main research contributions to this topic. Findings – The analysis of SRs revealed that few companies use their BM disclosure to highlight the contribution of their IC to create and capture value. BM descriptions are not always clearly distinguishable from other strategic concepts and poorly illustrate the interactions among the BM components, which help understand how IC is entangled in a company’s value creation process. Practical implications – This paper answers the Financial Reporting Council’s call for comments about its Guidance on SR. More in general, it contributes to the issue of the regulation of narrative information in the Annual Report. Originality/value – This paper proposes a methodological framework for the analysis of BM disclosure quality. Thanks to this framework, it points out some critical issues of BM disclosure and offers some hints useful for its regulation.

Part III Prospectus Liability and Litigation, 24 The Netherlands

2020 ◽  
Author(s):  
Franx Jan Paul
Keyword(s):  
The Netherlands ◽  
Annual Report ◽  
Civil Code ◽  
Corporate Law ◽  
Joint And Several Liability ◽  
Prospectus Liability ◽  
History Of ◽  
A Company ◽  
Special Category

This chapter discusses Dutch law. The history of the present statutory rules on prospectus liability in the Netherlands dates back to 1928, the year in which Dutch corporate law was codified. Like the annual report which companies had to publish on a yearly basis, the Dutch legislator considered the prospectus as a corporate document and therefore was of the opinion that a statutory rule on prospectus liability should be issued together with the Companies Act. Codification of prospectus liability was effectuated by formulating it as a special category of tort in the Dutch Civil Code (DCC). The act of 1928 provided that managing and supervisory directors of the issuer would be jointly and severally liable with the issuer itself for misleading statements in the prospectus. This had to do with the view of the legislator — that the decision of investors to invest in a company was to a large extent based on the reputation of management. As a result of this joint and several liability of directors, the first Dutch legislation on prospectus liability can be considered as being particularly investor friendly.

Determinants of Internet Financial Reporting Practices: Evidence from the UAE

2013 ◽  
Vol 16 (04) ◽  
pp. 1350026 ◽  
Author(s):  
Hela Miniaoui ◽  
Peter Oyelere
Keyword(s):  
Financial Reporting ◽  
Listed Companies ◽  
Policy Makers ◽  
Reporting Practices ◽  
Insurance Sector ◽  
Industry Sector ◽  
Monetary Authorities ◽  
Depth Study ◽  
Set Up ◽  
Insight Into

The objective of this paper is to undertake an in-depth study of the Internet financial reporting (IFR) practices of UAE-listed companies. The survey is aimed at identifying IFR versus non-IFR companies, and the nature and extent of their IFR practices. Logistic regression analysis was undertaken to establish the determinants of IFR by the companies.The findings of this study identify the size, the leverage, industry sector, and profitability as the most important predictors of IFR adoption by UAE listed-companies. Larger companies with greater leverage are more likely to set up a website and use it for IFR than smaller less leveraged ones. It was noticed that 62% of IFR companies is from banking, investment & finance sector and from insurance sector as well.This study is expected to inform monetary authorities on this subject and give more support to these two industries, as they were peers for other sectors in the UAE. Furthermore, the outcome of this paper will provide policy-makers with insight into the factors that motivate IFR among corporate organizations.

scholarly journals Shifting Paradigm? Long-Term Value Creation as a Normative Principle in a Hostile Takeover: Evidence from the Netherlands

2018 ◽  
Vol 4 (2) ◽  
pp. 91
Author(s):  
N.T. Pham T.L.M Verdoes ◽  
J. Nijland
Keyword(s):  
Corporate Governance ◽  
The Netherlands ◽  
Value Creation ◽  
Sustainable Growth ◽  
Hostile Takeover ◽  
Governance System ◽  
Business World ◽  
World Government ◽  
Short Termism

This article provides additional insight on the effectiveness of long-term value creation as a legally enforceable norm in the corporate governance system and provides a framework to anchor long-term value creation in takeover decisions. Since the 2008 financial crisis, a growing number of voices in the business world, government and academia, have urged Western economies to move towards a long-term sustainable growth agenda. Boards have a vital part to play in the development of responsible companies. Corporate governance should encourage boards to do so. This could be viewed as a reaction to the negative effects of capital markets and the resulting short-termism. One key method to encourage sustainable value creation in companies is by incorporating long-term value creation as an open norm in corporate governance systems. In the case of a hostile takeover, the risk of short-termism is exacerbated. As a guiding principle, long-term value (LTV) creation should prevent hostile takeovers that could harm the success of the company concerned. In this research paper, we argue that the recent shift in Dutch case law and revision of the Corporate Governance Code in the Netherlands may serve as an important catalyst for ‘sustainable’ takeover decisions. Through ground-breaking judgments by the Dutch Supreme Court and Enterprise Court, Cancun and Akzo Nobel, LTV has acquired the status of an enforceable norm. We investigated whether this legal norm is empirically substantiated. The research results allow us to make well-grounded statements about the effectiveness of enforcing LTV in future hostile takeover situations.

PENGARUH INTERNET DISCLOSURE INDEX TERHADAP INTERNET FINANCIAL REPORTING DENGAN KINERJA KEUANGAN SEBAGAI VARIABEL MEDIASI

2021 ◽  
Vol 26 (2) ◽  
pp. 183-195
Author(s):  
Siti Nurul Faizah ◽  
Dharma Tintri Ediraras
Keyword(s):  
Financial Reporting ◽  
Annual Report ◽  
Financial Statement ◽  
Return On Assets ◽  
Annual Reporting

Penelitian ini bertujuan untuk melakukan pengujian dan menganalisis pengaruh internet disclosure index terhadap internet financial reporting melalui kinerja keuangan sebagai variabel mediasi pada Bank Umum Syariah yang berada di Indonesia. Variabel independen yang digunakan dalam penelitian ini adalah internet disclosure index yang diukur menggunakan total pages of annual report (TPAR) dan disclosure index/indeks pengungkapan, sedangkan variabel dependen yang digunakan dalam penelitian ini adalah internet financial reporting yang diukur menggunakan ukuran total pages of financial statement (TPFS), kemudian variabel mediasi dalam penelitian ini diukur dengan menggunakan rasio Return on Assets (ROA). Teknik analisis yang digunakan dalam penelitian ini adalah analisis jalur. Hasil penelitian ini menunjukkan TPAR berpengaruh terhadap TPFS. Disclosure index tidak berpengaruh terhadap TPFS. Total pages of annual reporting tidak berpengaruh terhadap ROA. Disclosure index tidak berpengaruh terhadap ROA. Return on Assets tidak berpengaruh terhadap TPFS

Environmental disclosure on mandatory and voluntary reporting of Portuguese listed firms: the role of environmental certification, lucratively and corporate governance

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Albertina Paula Monteiro ◽  
Cláudia Pereira ◽  
Francisco Manuel Barbosa
Keyword(s):  
Corporate Governance ◽  
Annual Report ◽  
Sustainability Reporting ◽  
Listed Companies ◽  
Mandatory Reporting ◽  
Environmental Disclosure ◽  
Voluntary Reporting ◽  
Environmental Certification ◽  
Content Type ◽  
Annual Reporting

Purpose This study aims to construct two environmental disclosure indices (EDI), one obtained from the mandatory reporting (annual report) and the other from the voluntary reporting (sustainability report), to compare their evolution. In addition, the authors developed and evaluated a conceptual model that aims to analyse if the two EDI are affected by industry, environmental certification, lucratively and corporate governance attributes. The legitimacy, signalling and voluntary disclosure theories are used to support the theoretical relationship between the company’s characteristics, corporate governance and environmental disclosure. Design/methodology/approach Using the content analysis technique, the authors have developed two indices to assess the level of environmental disclosure in the companies’ mandatory and voluntary reporting. In addition, to analyse the determinants of EDI, the authors applied the technique of multiple linear regression using panel data. Findings Based on Portuguese listed companies (Euronext-Lisbon), the results, from 2015 to 2017, exhibited an increase of 14.6% and 25.8% for the EDI obtained from the annual reports and for EDI obtained from the sustainability reporting, respectively. In addition, the results revealed that the environmental certification, lucratively, number of members on board and number and proportion of women of the board directors tend to affect the annual reporting EDI. Regarding the sustainability reporting EDI, the results showed that the environmental certification, lucratively and proportion of independent members of the board of directors have an impact on it. Research limitations/implications The study focuses on quantitative rather than qualitative disclosures and it brings some insights to the theoretical field. Practical implications The results obtained can assist corporate decision-making processes regarding the improvement of environmental disclosure, both on the mandatory annual report and on voluntary sustainability reports. Originality/value This study brings new perspectives to this topical issue in accounting. Originally, this study is applied to Portuguese listed companies and it shows different trends and determinants of environmental disclosure when included in the annual reporting or sustainability reporting.

Shareholder Value Creation: A Review of the Theoretical and Empirical Literature

2018 ◽  
Vol 14 (3-4) ◽  
pp. 74-80
Author(s):  
Merugu Venugopal ◽  
Ravindar Reddy M. ◽  
Bhanu Prakash Sharma G.
Keyword(s):  
Empirical Evidence ◽  
Performance Measures ◽  
Value Creation ◽  
Shareholder Value ◽  
Business Environment ◽  
Empirical Literature ◽  
Traditional Performance ◽  
Insight Into ◽  
Important Objective

The article attempts to study in detail the significance of shareholder value creation in the companies in emerging markets and reviews the research articles and studies available in categories such as importance, empirical evidence and drivers of shareholder value creation. The purpose of this article is to give an insight into shareholder value in the first section followed by the empirical evidence and drivers of the shareholder value. For this purpose of review, the article considers various studies made on shareholder value creation published by various recognised and other recognised sources. It is observed that shareholder value creation is the most important objective in this competitive business environment to maintain the long-term relationship with the investors. The empirical evidence attempts to prove that value-based measures outperform the traditional accounting measures. The article tries to investigate the need for finding the superior measure among the shareholder value performance measures and recommends the need for reviewing the traditional performance methods.

Sign in / Sign up

Export Citation Format

Share Document