Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting
DOWNLOAD
Download Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting
DOWNLOAD
Author : David W. Wright
language : en
Publisher:
Release Date : 1996
Evidence On The Relation Between Corporate Governance Characteristics And The Quality Of Financial Reporting written by David W. Wright and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Corporate governance categories.
Corporate Governance And Financial Reporting Credibility
DOWNLOAD
Author : Aiyesha Dey
language : en
Publisher:
Release Date : 2005
Corporate Governance And Financial Reporting Credibility written by Aiyesha Dey and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
In this dissertation, I investigate whether the quality of corporate governance of a firm is associated with how credible investors perceive its reported earnings numbers to be. Specifically, I test whether the relation between governance quality and the credibility of accounting numbers varies with the level of agency costs in a firm. I measure the credibility of reported earnings by the volatility of stock returns in earnings announcement periods (a non-directional measure), and the earnings announcement period excess returns (a directional measure). Based on several proxies for agency costs, I form 3 groups of firms using cluster analysis (agency cost groups), and conduct my analyses separately for each agency cost group. To determine the quality of corporate governance of a firm, I apply the principal components analysis procedure on 23 governance variables to obtain 8 factors that represent the different dimensions of governance for a firm. The results indicate that most aspects of governance, in particular, the composition and functioning of the board of directors, the CEO's dual role as the chairman of the board, the effectiveness of the audit committee, and shareholder rights are significantly associated with the credibility of reported earnings for firms in the highest agency cost group. On the other hand, a very limited number of the governance factors are significantly related to the credibility of earnings for the lowest agency cost group. Overall, the evidence indicates that a significant association between governance, in particular the aspects related to the board of directors, and investors' confidence in reported earnings numbers exists primarily for firms with high agency costs. This supports the argument that the usefulness of corporate governance policies in affecting the credibility of disclosures is not uniform across firms, as well as provides evidence of the importance of various characteristics of the board of directors as a governance mechanism.
The Relationship Between Governance Practices Audit Quality And Earnings Management
DOWNLOAD
Author : Rohaida Basiruddin
language : en
Publisher:
Release Date : 2011
The Relationship Between Governance Practices Audit Quality And Earnings Management written by Rohaida Basiruddin and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Auditing categories.
This thesis examines two empirical studies. Firstly, it examines the relationship between corporate governance characteristics (relating to the size, composition of independent members, financial expertise and meeting frequency of boards of directors and audit committee) and audit quality. Secondly, the study investigates the effectiveness of corporate governance characteristics and higher quality auditors in constraining earnings management. There are three proxies of audit quality employed: audit fees, non-audit fees and industry specialist auditors. Based on data obtained from the FTSE 350 between 2005 and 2008, the first empirical findings suggest that independent non-executive directors on board demand an additional and extensive audit effort from the auditor in order to certify their monitoring function, resulting in an increase in the audit fees and the perceived audit quality. The results also indicate a positive relationship between independent board and non-audit fees, suggesting that independent board support the view that the joint provision of audit and non-audit services does not necessarily compromise auditor independence, but rather that it broadens the auditors? knowledge and improves audit judgement. The findings from the second empirical study suggest that higher quality auditors (which either charge higher audit fees or are industry specialist auditors) are likely to reduce earnings manipulation. However, no evidence suggests that NAS fees affect earnings management. In addition, the current study finds inconsistent results linking the corporate governance characteristics and opportunistic earnings. Overall, both findings are consistent with agency theory, which states that independent board and higher quality auditors are associated with effective monitoring, which in turn helps to improve the quality of financial reporting. The findings are of potential interest to policy makers, professionals and boards of directors, especially on issues relating to audit quality and the mandating of corporate governance practices.
The Association Between Board Characteristics And Earnings Quality
DOWNLOAD
Author : Redhwan Al-dhamari
language : en
Publisher:
Release Date : 2015
The Association Between Board Characteristics And Earnings Quality written by Redhwan Al-dhamari and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This study examines the relationship between board characteristics and earnings quality after the Malaysian Code on Corporate Governance was amended in 2007. It uses heteroskedasticity-corrected least square regressions upon a sample of Malaysian firms listed in 2008 and 2009. We find that the quality of earnings is higher for firms with independent chairmen than those with non-independent chairmen. However, in contradiction to our expectation are inconclusive results on board independence. The results also demonstrate that investors do not perceive board size as a good indicator of quality earnings. These findings imply that investors still have reservations about the ability of boards to enhance the quality of earnings, although there have been efforts to reform corporate governance following the Asian financial crisis. This study serves as a signal to policy makers to evaluate the importance of board mechanisms in enhancing financial reporting quality in emerging markets.
Capitalizing China
DOWNLOAD
Author : Joseph P. H. Fan
language : en
Publisher: University of Chicago Press
Release Date : 2013
Capitalizing China written by Joseph P. H. Fan and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
La 4e de couverture indique : "Despite a vast accumulation of private capital, China is not embracing capitalism. Deceptively familiar capitalist features disguise the profoundly unfamiliar foundations of "market socialism with Chinese characteristics." The Chinese Communist Party (CCP), by controlling the career advancement of all senior personnel in all regulatory agencies, all state-owned enterprises (SOEs), and virtually all major financial institutions state-owned enterprises (SOEs), and senior Party positions in all but the smallest non-SOE enterprises, retains sole possession of Lenin's Commanding Heights. The chapters in this volume examine China's high savings rate, banking system, financial markets, financial regulations, corporate governance, and public finances; and consider policy alternatives the CCP might consider if its goal is China's elevation into the ranks of high income countries."
Corporate Governance And Earnings Quality
DOWNLOAD
Author : Thangamany Siniah
language : en
Publisher:
Release Date : 2015
Corporate Governance And Earnings Quality written by Thangamany Siniah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
This thesis investigates whether corporate governance conformance by Malaysian banks improves their financial reporting quality. It is motivated by the controversies surrounding corporate governance reforms and the calls for systematic research on its efficacy in the post-reform period. Malaysian banks have been subject to international standards of corporate governance since before and after the 1997-1998 Asian Financial Crisis. Malaysia's common-law tradition, greater level of financial and capital market development in the region, predominantly centralised and stable political power and robust regulatory framework are apparent strengths for corporate governance conformance. However, characteristics such as ownership concentration, political links and lack of regulatory enforcement question the ability of any governance reform to enhance the Malaysian banks' financial reporting quality. This setting, coupled with Malaysian banks' differing business models compared to those of U.S. banks, provides an Asian focus to extant literature. The analyses focus on three specific reforms, namely: (i) the initiation of the Malaysian Code of Corporate Governance (MCCG) in 2000; (ii) the circular issued by Bank Negara Malaysia in 2003 on Guidelines on the Establishment of Board Committees, Minimum Qualification and Training Requirement for Directors, and Definition and Responsibilities of Independent Directors (BNMCIR); and (iii) the revision to Guidelines on Directorship in Banking Institutions in 2005 (REVGP1). The analyses utilise 64 listed bank-year observations from 1996 to 2004 for the MCCG reform; 80 licensed bank-year observations from 1999 to 2007 for the BNMCIR reform; and 56 unlisted bank-year observations from 2001 to 2009 for the REVGP1 reform.The research questions addressed for each reform period are: Have banks' corporate governance practices changed in response to the reforms? If so, have the changes in corporate governance improved financial reporting quality? This study first identifies governance attributes with significant statistical difference from the pre- to the post-reform period. These attributes are then used to gauge their effectiveness in improving banks' financial reporting quality in the post-reform period using five proxies: (i) earnings persistence; (ii) earnings predictability; (iii) the relationship between loan-loss provisions and loan charge-offs; (iv) total accruals; and (v) discretionary accruals.From an initial concern of the low quality of financial reporting during the pre-reform period, the empirical results suggest that there was no improvement to the financial reporting quality of listed banks initiating a nominating or remuneration committee and/or complying with committee composition requirements in response to the MCCG reform. A similar situation prevails for licensed banks complying with initiating a nominating, remuneration and risk-management committee and/or complying with composition requirements. The results suggest that neither a voluntary reform approach following the U.K. standards of governance practices (pursuant to MCCG) nor a mandatory reform approach tailoring governance practices to suit local environment (pursuant to BNMCIR) were effective for improving Malaysian banks' financial reporting quality. In contrast, the empirical results pursuant to REVGP1, show improved earnings persistence and earnings predictability for unlisted banks complying with enhanced board independence, suggesting some benefits from the efforts to enhance financial reporting quality of Malaysian banks.
Corporate Governance And Ifrs In The Middle East
DOWNLOAD
Author : Muath Abdelqader
language : en
Publisher: Taylor & Francis
Release Date : 2022-12-14
Corporate Governance And Ifrs In The Middle East written by Muath Abdelqader and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-14 with Business & Economics categories.
The rapid globalization of capital markets has increased attention toward examining the quality of the disclosure practices implemented by companies, as internationalization and globalization are the most important motives of the harmonization of financial statements preparation and presentation. Given the expansion of trade and the openness to foreign capital markets, investment decisions became not limited only for local users, but also international users may need to access the financial information. The issuance of International Financial Reporting Standards (IFRS) to be used throughout the world aims to improve the comparability and understandability of financial statements, and hence, to enhance investment decisions through helping investors across the borders to invest in multinational companies. Although fluid and under-developed institutional arrangements remain central features of emerging markets, ensuring effective corporate governance mechanisms would indeed support companies in complying with IFRS – the latter imposes a challenge for companies operating in emerging markets. This book evaluates the differences in the level of compliance with IFRS across the GCC states, exploring the impact of corporate governance on the level of compliance with IFRS and presenting an empirical analysis of companies across the GCC. It makes an important contribution by providing a detailed empirical analysis of the interplay between corporate governance and IFRS in emerging market setting and highlights the way for future research. It will provide international business, management, and accounting and finance students and senior practitioners with a completely new and updated guide to the work in the field of corporate governance and IFRS compliance in emerging markets.
Do Director Networks Matter For Financial Reporting Quality Evidence From Audit Committee Connectedness And Restatements
DOWNLOAD
Author : Thomas C. Omer
language : en
Publisher:
Release Date : 2019
Do Director Networks Matter For Financial Reporting Quality Evidence From Audit Committee Connectedness And Restatements written by Thomas C. Omer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
This study examines the effect of audit committee connectedness through director networks on financial reporting quality, specifically the misstatement of annual financial statements. Using network analysis, we examine multiple dimensions of connectedness and find that, after controlling for operating performance and corporate governance characteristics, firms with well-connected audit committees are less likely to misstate annual financial statements. In addition, our study demonstrates that audit committee connectedness through director networks moderates the negative effect of board interlocks to misstating firms on financial reporting quality. We conduct several tests to address identification concerns and find similar results. Our findings suggest that firms with better-connected audit committees are less likely to adopt reporting practices that reduce financial reporting quality.
Research In Accounting In Emerging Economies
DOWNLOAD
Author : Shahzad Uddin
language : en
Publisher: Emerald Group Publishing
Release Date : 2010-12-02
Research In Accounting In Emerging Economies written by Shahzad Uddin and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-02 with Business & Economics categories.
Includes research papers that examines various issues including the adoption of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSASs), management accounting change in the context of public sector reforms, corporate reporting disclosures, auditing, etcetera.
Integrated Reporting And Corporate Governance
DOWNLOAD
Author : Laura Girella
language : en
Publisher: Routledge
Release Date : 2021-02-15
Integrated Reporting And Corporate Governance written by Laura Girella and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-15 with Business & Economics categories.
Corporate governance and corporate reporting are closely linked to each other, and their respective evolutionary patterns are mutually influencing. Along with the recent expansion of company disclosure, a growing attention is being paid to corporate governance determinants and mechanisms underpinning the decision to voluntarily adopt non-financial disclosure formats, such as integrated reporting. At institutional level, several national corporate governance codes have been changed towards the recognition and inclusion of this innovative, non-financial language. In academic research, the influence of corporate governance variables vis-à-vis the choice to embrace such reporting practices has been subject to a long scrutiny. However, only a little inquiry has so far analysed the influence of corporate governance factors on integrated reporting adoption, quality, and credibility. Accordingly, the aim of the book is to investigate if, and to what extent, corporate board composition and characteristics can affect, at the same time, the decision to voluntarily adopt integrated reporting by companies as well as their financial performance. The study carries out an empirical analysis of the professional features of board members at the time of their decision to implement integrated reporting as a new form of company accountability. The work provides innovative insights into the articulated relationships between the quantitative and qualitative composition of corporate boards and the latter’s choice to uptake this advanced form of reporting to represent the wider value creation processes of their organisations.