scholarly journals Structure of Integrated Reporting, Voluntary Disclosure and Firm-Specific Characteristics in Saudi Arabian Companies

2021 ◽  
Vol 16 (10) ◽  
pp. 73
Author(s):  
Mohammad Hariri
Keyword(s):  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Stock Exchange ◽  
Saudi Arabian ◽  
Positive Association ◽  
Research Direction ◽  
Future Research ◽  
Firm Characteristics ◽  
Integrated Reporting ◽  
Corporate Information

The present study aims towards three research purposes. Firstly, it intends to reveal the pattern that associates the elements of the Integrated Reporting (IR) of companies listed on the Saudi Arabian Stock Exchange (Tadawul). Secondly, it verifies the existence of a relationship between IR practices and some firm-specific characteristics. Third, it examines the similarities between the IR practices of these companies. IR communicates how an organization's strategy, governance, performance, and prospects lead to value creation. The dataset used for the IR elements is retrieved from Tadawul and consists of data regarding integrated reports for 126 companies listed in 2019; while the data for the firm-specific characteristics, as the size of the company, the auditor type and the type of company are extracted from Marketscreener.com and Argaam.com portals. The methodology used consists of the empirical-analytical approach with the use of Optimal Scaling techniques. Main findings consist of a positive association found between the elements of the IR, as well as that the specific characteristics of the firms are not related to the elements of the IR. In our results a dissimilarity is found in the corporate information disclosure practices. These findings reveal a need for a deep investigation of the IR elements and firm characteristics in Saudi Arabian companies. One of the future research direction is a multilinear data for various years such that can reveal a more comprehensive understanding of IR elements and firm characteristics. This study becomes relevant in the context of IR elements and firm characteristics relations, that are not yet studies at their research potential.

Factors associated with the voluntary disclosure of the integrated report in Brazil

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ruhama Bezerra Fernandes ◽  
Alexandro Barbosa
Keyword(s):  
Voluntary Disclosure ◽  
Stock Exchange ◽  
Multinomial Logistic Regression ◽  
Positive Association ◽  
Cultural Dimensions ◽  
Board Structure ◽  
Integrated Reporting ◽  
Financial Reports ◽  
Content Type ◽  
Factors Associated

Purpose This paper aims to investigate the factors associated with the voluntary disclosure of integrated reporting (IR) in Brazil of the companies listed on the stock exchange – Brasil, Bolsa, Balcão. The cultural dimensions of a nation reflect different priorities in accounting practices. The Brazilian case, therefore, becomes significant, as Brazil is increasingly important in world markets. Design/methodology/approach As an explanatory econometric model, multinomial logistic regression was used (Y = 2 to describe the probability of the IR disclosure; Y = 1 to describe the occurrence of reports with practices similar to the IR and Y = 0 to describe the occurrence of non-disclosure of non-financial reports). Applied to panel data with random effects (chosen for best performance) in the period from 2016 to 2019. Findings Reveals the positive association of the company’s profitability and market-to-book with the probability of the IR disclosure. Regarding the board composition, it is suggested that size does not make a difference, with the greater participation of women and independence of directors associated with better probabilities of adopting the IR in Brazil. Originality/value This work is the first to characterize the Brazilian reality of voluntary disclosure, specifying the implementation of IR, compared to publishing reports similar to the IR and not reporting structured non-financial statements. It can also be considered the first study on the relevance of the board structure in the disclosure of IR by Brazilian companies. Finally, it contributes to the literature on IR adoption, bringing practical results in understanding the most favorable conditions in which the IR framework will be fully implemented.

scholarly journals Firm characteristics and excellence in integrated reporting

2017 ◽  
Vol 20 (1) ◽  
Author(s):  
Natasha Buitendag ◽  
Gail S. Fortuin ◽  
Amber De Laan
Keyword(s):  
Repeated Measures ◽  
Mixed Model ◽  
Stock Exchange ◽  
Categorical Variables ◽  
Firm Characteristics ◽  
Integrated Reporting ◽  
Johannesburg Stock Exchange ◽  
Annual Survey ◽  
The Board Of Directors

Background: Integrated reporting has attracted much attention in the past few years, and South Africa has taken the lead in its development worldwide. An annual survey is published by Ernst & Young regarding the quality of the integrated reports of the top 100 entities listed on the Johannesburg Stock Exchange (JSE).Aim: The study on which this article is based was aimed at determining whether the assessment of an entity’s characteristics can predetermine the quality of the integrated report generated by that entity. Setting: This article focuses on an analysis of the integrated reporting of the top 100 entities listed on JSE for the financial years ending in 2013, 2014 and 2015.Methods: Comparison of categorical variables, mixed-model repeated measures ANOVA and generalised estimating equations were applied to identify the best classificators to distinguish between excellent integrated reporting and those reports where progress could still be made. Results: The results show that the type of industry the entity finds itself in, the size and profitability of the entity, as well as the composition of the members of the board, have an effect on the quality of the integrated report.Conclusion: Our results indicated that the type of industry, size of an entity, the profitability and composition of the board of directors, all have an effect on the quality of the integrated reporting. Our evidence will assist current and prospective stakeholders in evaluating the expected quality of an entity’s integrated report, through the evaluation of certain firm characteristics.

scholarly journals Determinants of corporate voluntary disclosure in a transition economy

2020 ◽  
Vol 18 (4) ◽  
pp. 130-141
Author(s):  
Mofijul Hoq Masum ◽  
Ahmed Razman Abdul Latiff ◽  
Mohammad Noor Hisham Osman
Keyword(s):  
Voluntary Disclosure ◽  
Transition Economy ◽  
Stock Exchange ◽  
Positive Association ◽  
Cross Sectional Study ◽  
Significant Positive Association ◽  
Cross Sectional ◽  
Regulatory Bodies ◽  
International University ◽  
Chemical Companies

Corporate voluntary disclosure becomes a burning issue in the literature of accounting throughout the last two decades. The study aims to explore the most crucial determinants that influence corporate voluntary disclosure in a transition economy. A cross-sectional study based on the pharmaceutical and chemical companies listed in the Dhaka Stock Exchange is conducted to reconnoiter the crucial determinants affecting the voluntary disclosure. Based on the agency theory, stakeholder theory, and previous literature, the determinants are selected. An unweighted disclosure index is used to measure the extent of voluntary disclosure; after that, a multivariate analysis is steered to reconnoiter the key determinants of voluntary disclosure. It is found that firm leverage and firm liquidity are the key determinants that significantly influence the corporate voluntary disclosure in a transition economy. In contrast, no significant positive association is found between voluntary disclosure and board size. In additon, it is also found that market category significantly influences voluntary disclosure with an inverse direction. This study has important implications for both the corporate people and the regulatory bodies of the transition economy. The study also helps various stakeholders of the transition economy – Bangladesh, in designing their strategies regarding the most significant determinants of voluntary disclosure. Acknowledgment We are very thankful to the Institute of Advanced Research (IAR), United International University, Bangladesh, to grant us the fund by mobilizing which we generate our required data for the study and complete this empirical study.

scholarly journals INTEGRATED REPORTING DISCLOSURE, BUSINESS COMPLEXITY AND FIRM VALUE

2020 ◽  
Vol 12 (1) ◽  
pp. 1-6
Author(s):  
Seful Komar ◽  
Nurmala Ahmar ◽  
Dwi Prastowo Darminto
Keyword(s):  
Firm Value ◽  
Information Disclosure ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Analysis Tool ◽  
Manufacturing Companies ◽  
Integrated Reporting ◽  
Relationship Of ◽  
Business Complexity

This study empirically investigates the effect of disclosure elements of integrated reporting on firm value. Business complexity is used as a moderating variable in the effect of integrated reporting on firm value. A total of 189 samples of manufacturing companies registered on the Indonesia Stock Exchange in 2015-2017 met the criteria using the purposive sampling method. A multiple linear regression analysis using SEM-PLS program is employed as a data analysis tool. The results showed that integrated reporting has significant effect on firm value. Business complexity moderates the relationship of disclosure integrated reporting to firm value. The better quality of information disclosure from element of integrated reporting increases investor confidence thereby increasing firm value.

scholarly journals Disclosure of AGM Minutes on Corporate Website: An Assessment of Malaysian Listed Companies

2020 ◽  
pp. 1-24
Author(s):  
Mohd Shazwan Mohd Ariffin ◽  
Wan Nordin Wan-Hussin ◽  
Siti Seri Delima Abdul Malak
Keyword(s):  
Voluntary Disclosure ◽  
Information Disclosure ◽  
General Meeting ◽  
Listed Companies ◽  
Shareholder Rights ◽  
Mandatory Disclosure ◽  
Annual General Meeting ◽  
Corporate Website ◽  
Corporate Information

Disclosure of annual general meeting (AGM) minutes on the corporate website is considered as additional disclosure. Consequently, Listing Requirements states compulsory disclosure of corporate information. In this regard, the awareness of compulsory disclosure of information among all Malaysian listed companies in 2017 was below expectations. Despite the role of AGM minutes as documented proof of meeting, the management had been reluctant to disclose AGM minutes on the corporate website unless demanded by the shareholders. This paper focuses on previous mandatory disclosure of discussions on key matters after AGM minutes among 261 listed companies based on the financial year ended December 31, 2016. The findings indicated that shareholder activism and the role of grey directors exerted influence on the disclosure of AGM minutes on the corporate website. Undoubtedly, management and investors have contributed toward voluntary disclosure in line with the government’s role to enhance shareholder rights. Besides, grey directors’ contribution towards information disclosure has remained relatively unexplored.

Global financial crisis and relevance of GRI disclosure in Italy. Insights from the stakeholder theory and the legitimacy theory

2018 ◽  
pp. 67-102 ◽  
Author(s):  
Luca Fornaciari ◽  
Caterina Pesci
Keyword(s):  
Financial Crisis ◽  
Stakeholder Theory ◽  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Global Financial Crisis ◽  
Value Relevance ◽  
Stock Exchange ◽  
Environmental Information ◽  
Legitimacy Theory ◽  
Environmental Disclosure

In this study, we examine the effects of voluntary disclosure on the market value of Italian-listed companies adopting GRI guidelines, interpreting our results in the light of both stakeholder theory and legitimacy theory. From a methodological viewpoint, an index is used to measure the level of disclosure of human resources and environmental information. We consider a sample of firms listed on the Milan Stock Exchange for an eleven-year period (2004-2014). The period chosen gave us the opportunity to assess the value-relevance of environmental and social information before and during the Global Financial Crisis. We supplement the previous literature on the topic of the relationship between social and environmental disclosure and value-relevance by arguing that sustainability tools have to be evaluated, remembering that they express a notion of value in the long term and provide information to a large number of stakeholders. Our findings show that environmental information is only value-relevant during the crisis period, when the shareholder perspective comes more into line with other stakeholder perspectives because they are seeking a middle-to-long run notion of value. Finally, we find that a high level of GRI information disclosure is positively evaluated by investors; this result is important also because it was obtained in the Italian market which is largely considered inefficient, and thus it supports the urgent need to provide high-quality information in each type of market.

Disclosures in Audit Committee Charters and Reports

2002 ◽  
Vol 16 (4) ◽  
pp. 291-304 ◽  
Author(s):  
Joseph V. Carcello ◽  
Dana R. Hermanson ◽  
Terry L. Neal
Keyword(s):  
Voluntary Disclosure ◽  
Audit Committee ◽  
Stock Exchange ◽  
Internal Audit ◽  
Financial Statements ◽  
Audit Committees ◽  
Future Research ◽  
Depository Institutions ◽  
High Level ◽  
Independent Audit

In response to recent criticisms of audit committee performance, new SEC and stock exchange rules require companies to prepare an audit committee charter and to publish the charter in their proxy statement at least once every three years. Audit committees also must disclose how they discharged their responsibilities during the year. We study the disclosures in audit committee charters and reports by examining a random sample of 150 proxy statements filed in Spring 2001. The primary purposes of this analysis are to understand audit committee activities and to identify possible areas for further audit committee reform. We find that what audit committees say they are doing in their reports differs from what their charters say the committee should be doing. There is a generally high level of compliance with mandated audit committee disclosures, such as disclosures related to reviewing and discussing the financial statements with management. However, voluntary disclosure of audit committee activities was more common for depository institutions, larger companies, NYSE-listed companies, and companies with more independent audit committees. These results indicate either more active audit committees in such companies, or a greater commitment to audit committee disclosure in such companies. In addition, some of the disclosure levels suggest the need for additional reforms regarding audit committee oversight of interim reports, number of audit committee meetings, and audit committee oversight of internal audit. We also suggest directions for future research.

scholarly journals FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP LUAS PENGUNGKAPAN SUKARELA DALAM LAPORAN TAHUNAN

2012 ◽  
Vol 16 (3) ◽  
pp. 352 ◽  
Author(s):  
Bernadetta Diana Nugraheni
Keyword(s):  
Firm Size ◽  
Voluntary Disclosure ◽  
Information Disclosure ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Company ◽  
Positive Effect

The objectives of this paper are to analyse the effect of firm size, liquidity, profitability, leverage, public stock, and firm base to the extensive of voluntary disclosure. In this research, measurement of information disclosure in the annual report is developed from researches of Khomsiyah (2005), Healy, et al (1995) and Lang and Lundholm (1993). Sample used is secondary data from Indonesian Stock Exchange (BEI). The annual report of manufacturing company listed from 2005 to 2010. The result of analysis shows that firm size, profitability and public stock have positive effect and significantly impact to the extensive of voluntary disclosure, while liquidity, leverage and firm base have no effect to the voluntary disclosure in the company’s annual report.

scholarly journals Investigation on the Value Relevance of Integrated Reporting and Organizational Capital: Evidence From Sri Lanka

2020 ◽  
Vol 11 (6) ◽  
pp. 372
Author(s):  
Athambawa Haleem ◽  
Samsudeen Thowfeek Ahamed ◽  
Wewaldeniyage Shanika Lakmali Kumarasing
Keyword(s):  
Positive Impact ◽  
Value Relevance ◽  
Stock Exchange ◽  
Market Value ◽  
Analysis Data ◽  
Future Research ◽  
Organizational Capital ◽  
Integrated Reporting ◽  
Return On Equity ◽  
Corporate Reporting

Integrated reporting is a developing reporting aspect in order to assess problems relating to corporate reporting. It provides a comprehensive account of organizational worth. This paper aims to assess whether integrated reporting and organizational capital increase the value relevance of firms. A checklist containing 100 integrated reports of banks which are listed in Colombo stock exchange were used for the analysis. Data were collected over the period from 2010 to 2019. Statistical analysis was done using the EWIS. Finding reveals that the book value of equity, earnings before interest and taxation of the equity of the bank, leverage of the bank and Organizational capital have a direct effect on the market value of equity of the bank while return on equity and size does not have a positive impact on the market value of equity of the bank. And to the best of our knowledge, it reveals that there is a significant effect of integrated reporting on the value relevance of organizations. Future research avenues were identified and the suggestions for future research on integrated reporting were provided. The findings bring out different implications for managers, decision-makers and the research community as well. This study further expands the existing knowledge on integrated reporting and sets the foundation for future researchers.

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