Proprietary Costs And Determinants Of Voluntary Segment Disclosure
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Proprietary Costs And Determinants Of Voluntary Segment Disclosure
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Author : Annalisa Prencipe
language : en
Publisher:
Release Date : 2008
Proprietary Costs And Determinants Of Voluntary Segment Disclosure written by Annalisa Prencipe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper aims to identify new determinants of the extent of voluntary segment disclosure by using the theoretical framework of the Proprietary Costs Theory, which states that companies limit voluntary disclosure because of proprietary costs, such as preparation and competitive costs. On the basis of the existing literature on this theory and on segment reporting, three hypotheses are theoretically derived, each correlating the level of segment disclosure to a new determinant, specifically the correspondence between the segments and legally identifiable subgroups of companies, the growth rate and the listing status age. The paper also provides further evidence to test the impact of some "traditional" determinants, introduced in the study as control variables. The hypotheses formulated are empirically verified. The analysis is carried out with reference to Italy, because of its limited legal and professional provisions on the topic. For the empirical test, a sample of 64 Italian listed companies is selected and a multiple regression model is used. Results show that, except for the growth rate, the two other new determinants are significantly related to the extent of segment disclosure. These findings confirm that proprietary costs are particularly relevant and limit the incentive for companies to provide segment information to the market.
Proprietary Costs And Voluntary Segment Disclosure
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Author : Annalisa Prencipe
language : en
Publisher:
Release Date : 2008
Proprietary Costs And Voluntary Segment Disclosure written by Annalisa Prencipe and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
This paper aims to identify some new determinants of the quality of voluntary segment disclosure by using the theoretical framework of Proprietary Costs Theory. The identified new determinants are correspondence between segments and legally identifiable subgroups of companies, level of detail in segment definition, listing status age and growth rate. The paper also provides further evidence to test the impact of some traditional determinants, which are introduced in the model as control variables. The study is carried out in Italy, which proves to be a particularly suitable setting for the analysis because of its limited legal and professional requirements on the topic. To test the hypotheses, a sample of 67 Italian listed companies was selected and a multiple regression model was used. Except for growth rate, all the other new determinants proved to be significantly related to segment reporting quality, consistently to what hypothesized. These results confirm that proprietary costs are particularly relevant for segment reporting, thus limiting the incentive for the companies to provide this information to the market.
Proprietary Costs Governance On The Segment Disclosure Decision
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Author : Ana Gisbert
language : en
Publisher:
Release Date : 2014
Proprietary Costs Governance On The Segment Disclosure Decision written by Ana Gisbert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Focusing on the Spanish setting, traditionally characterized by high ownership concentration and a regulatory framework which has traditionally given more priority to the avoidance of proprietary and competition costs related to segment disclosures than promoting transparency, this paper aims to identify the main factors influencing the segment reporting decision. In particular, we aim to test whether the strength of the concentrated ownership structures together with the remaining pre-IAS reporting philosophy offsets the role of independent directors. If this is the case, it would be in spite of the new IAS/IFRS reporting standards based on relevance and transparency, and would also run counter to the improvements in the Spanish governance framework which strengthens the presence of independent non-executive directors. The empirical evidence suggests that under the new IAS/IFRS reporting philosophy, proprietary costs may have lost relevance due to the introduction of mandatory segment information requirements. In addition, within an institutional context of high ownership concentration independent directors play a significant role in raising the level of reported information. The context of the new IFRS 8 offers new opportunities to observe how governance and proprietary costs affect the new “management approach” for segment reporting classification.
An Analysis Of The Proprietary Costs Of Segment Disclosure
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Author : Cristi Anne Gleason
language : en
Publisher:
Release Date : 1998
An Analysis Of The Proprietary Costs Of Segment Disclosure written by Cristi Anne Gleason and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with categories.
This paper examines the proprietary costs of line-of-business (LOB) reporting. Despite research documenting many benefits of LOB reporting, no research has directly examined the proprietary costs resulting from mandatory segment reporting. My empirical examination of proprietary costs supports the theoretical expectation that the expected proprietary costs of LOB reporting exceeded expected related benefits for manufacturing firms that reported segment information only when required to do so by the SEC. Firms that elected not to report segment information voluntarily had higher levels of market power. Hence these firms faced greater expected costs from competitor entry, pressure from labor groups, suppliers and customers, and government regulation. These firms also obtained less additional financing in the years prior to the SEC requirement, consistent with lower expected benefits. However, my results do not provide any evidence that these involuntary reporters subsequently incurred the expected proprietary costs. In contrast, my results show that voluntary reporters were more likely to obtain financing during the voluntary reporting period, suggesting that differing benefits rather than proprietary costs distinguish voluntary and mandated reporters. This result is consistent with the position of the FASB and with statements made by other supporters of segment reporting, dismissing concerns over substantial competitive harm.
Determinants Of Voluntary Disclosure Of Segment Information
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Author : Michael J. Aitken
language : en
Publisher:
Release Date : 1994
Determinants Of Voluntary Disclosure Of Segment Information written by Michael J. Aitken and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Disclosure in accounting categories.
The Effects Of Voluntary Disclosure Level Ownership Structure And Proprietary Cost On The Return Earnings Relation
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Author : Shuqing Luo
language : en
Publisher:
Release Date : 2003
The Effects Of Voluntary Disclosure Level Ownership Structure And Proprietary Cost On The Return Earnings Relation written by Shuqing Luo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
Accounting And Accountability
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Author : Rob Gray
language : en
Publisher: Financial Times/Prentice Hall
Release Date : 1996
Accounting And Accountability written by Rob Gray and has been published by Financial Times/Prentice Hall this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Industries categories.
The underlying theme of Accounting and Accountability remains the role of corporate social and environmental reporting in meeting the demands for greater corporate social responsibility and accountability. However, transformations in the social climate coupled with developments in critical accounting theory have necessitated a substantial change in content. In advocating corporate social reporting as a practical and ethical alternative to conventional accounting practice, the text presents a stimulating and candid perspective on the changes and challenges within. Accounting and Accountability is written for practitioners, academics, researchers and students of financial accounting and reporting, accounting theory and accounting ethics.
The Economics And Politics Of Accounting
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Author : Christian Leuz
language : en
Publisher: Oxford University Press, USA
Release Date : 2005
The Economics And Politics Of Accounting written by Christian Leuz and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.
For the most part we have accepted the impartiality and objectivity of accounting and not recognized how accounting systems are embedded in a country's economic and legal framework. In this book, international scholars address a number of important questions about the role of accounting in society.
The Oxford Handbook Of Corporate Reputation
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Author : Michael L. Barnett
language : en
Publisher: Oxford University Press, USA
Release Date : 2012-07-19
The Oxford Handbook Of Corporate Reputation written by Michael L. Barnett and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-19 with Business & Economics categories.
The Handbook offers a diverse set of scholarly perspectives on the nature of corporate reputation: what it is, where it comes from, and how it may be managed to create and protect corporate as well as societal value. Written and organized in an accessible way, it assesses the current state of the field and provides guidance for future research.
Handbook Of Research On Promotional Strategies And Consumer Influence In The Service Sector
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Author : Panwar, Upendra Singh
language : en
Publisher: IGI Global
Release Date : 2016-04-11
Handbook Of Research On Promotional Strategies And Consumer Influence In The Service Sector written by Panwar, Upendra Singh and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-11 with Business & Economics categories.
Economic growth is directly impacted by a multitude of different industries; in recent years, the service industry has emerged as a significant contributor to the global economy. As such, the effective management of this sector has become a widely studied topic. The Handbook of Research on Promotional Strategies and Consumer Influence in the Service Sector is an authoritative reference source for the latest research on emerging methods for innovative service design and delivery, examining how growing customer expectations and global competition has influenced this industry. Featuring quality factors, marketing tools, and the effects of consumer behavior, this publication is ideally suited for researchers, professionals, and academicians actively involved in the service industry.