Three Essays On The Consequences Of Transparency
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Three Essays On The Consequences Of Transparency
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Author : Tobias Witter
language : en
Publisher:
Release Date : 2023*
Three Essays On The Consequences Of Transparency written by Tobias Witter and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023* with categories.
Englische Version: This dissertation comprises three essays which empirically investigate consequences of transparency. The first essay investigates how transparency, demanded by the government as a customer of firms, affects firms' financial reporting. It provides evidence that, relative to firms without government customers, government suppliers have a higher quality of financial reporting. Findings indicate that government procurement requirements, which are linked to internal control over financial reporting, can positively affect the external information environment of firms. The second essay examines how managers react to a stricter transparency mandate in pension accounting, if this mandate increases the expected volatility of balance sheet items. Managers of affected firms change decisions on pension plans which mitigate volatility and in addition, affected firms exhibit less volatile accruals but more volatile discretionary real actions suggesting managers reduce volatility in balance sheets. Findings imply that a transparency mandate in pension accounting may have (unintended) consequences for managerial decision-making if the mandate reveals more economic volatility on balance sheets. The third essay studies how (data-transparently) researchers visualize their quantitative findings and how this affects the impact of academic work. It finds that, compared to articles in field-specific economics journals, articles in economics journals with a broader audience use more figures than tables and that articles visualizing (data-transparently) with figures receive more citations. An online experiment, which manipulates how a fictive study visualizes scientific results, finds that participants assess the internal validity of research as being higher and are more willing to cite research if it visualizes results data-transparently. The findings imply that (data-transparent) visualization can enhance the impact of academic work.
Three Essays On The Impact Of Information And Transparency In Firms
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Author : Lloyd Robert Wade (III.)
language : en
Publisher:
Release Date : 2011
Three Essays On The Impact Of Information And Transparency In Firms written by Lloyd Robert Wade (III.) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
Three Essays On Environmental Social And Governance Transparency
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Author : Hendijani Zadeh Mohammad
language : en
Publisher:
Release Date : 2020
Three Essays On Environmental Social And Governance Transparency written by Hendijani Zadeh Mohammad and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
This dissertation is comprised of three essays on determinants and consequences of Environmental, Social, and Governance (ESG) Transparency. Transparency refers to high quantity of material and value relevant information about ESG issues. In the first essay, we explore the relationship between our two variables of interest (i.e., audit quality and public media exposure) and ESG transparency on a sample of publicly listed Canadian firms in in the S&P/TSX Index of the Toronto Stock Exchange. Results show that audit quality and public media exposure are two main drivers of ESG transparency, hence, commitment to high quality audits and exposure to high public media coverage drive firms to be more transparent about ESG issues. Finally, as a consequence of ESG transparency, we find a negative association between ESG transparency and firm-level investment inefficiency. The second essay examine whether the transparency of environmental and social (E&S) information affects financial analysts' forecast properties that reflect their information set. Focusing on a sample of non-financial and non-utility U.S. firms from the S&P 500 index, results suggest that the level of transparency vis-à-vis both E&S information is negatively related to analysts' forecast errors as well as forecast dispersion. These negative relationships become more pronounced for firms with low financial reporting quality, low media coverage, and for those with weak governance. Finally, we find that E&S transparency relates with investment efficiency essentially via analysts` information environment, which thus acts as a mediating variable. This finding is consistent with financial analysts also playing a monitoring role in capital markets. The third essay, we investigate how a firm's (E&S) transparency relates with its cash holdings. Focusing on a large sample of S&P 500 firms, results show that a higher level of E&S transparency implies lower firm-level cash holdings. The negative relationship is more pronounced for firms suffering from high information asymmetry, with low financial reporting quality, and for those with weak governance. Further analyses document that the two channels and mechanisms by which E&S transparency affect firm-level cash holdings are the cost of debt and financial constraints. Finally, our findings suggest that E&S transparency increases the market value relevance of an additional dollar in cash holdings.
Three Essays In Public Sector Transparency
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Author : Olumide Adeoye
language : en
Publisher:
Release Date : 2022
Three Essays In Public Sector Transparency written by Olumide Adeoye and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
ABSTRACT The need for public sector transparency cannot be overemphasized. Citizens cannot hold public officials accountable if they do not know what the officials intend to do (transparency in decision-making), what they are doing (transparency in the process of doing), or how their actions will affect the public (outcome transparency). However, evidence from the available literature and some observable practical effects show that such expectations are usually overstated or accompanied by unforeseen negative repercussions. Public sector transparency is clouded by this ambiguity, resulting in a never-ending debate. However, even though there exists a vast body of literature on public sector transparency, there seems to be no overarching synopsis that synthesizes the ambiguities and complexities affecting transparency at all levels of government in the public sector. Thus, the question becomes, why does public sector transparency frequently manifest as a complex idea in both theoretical and practical terms in the public sector? To better understand public sector transparency, this dissertation examines seven questions through three different but related lenses: a systematic review of why certain factors associated with public sector transparency have both positive and detrimental effects; an empirical reexamination of one such factor (democracy) to better understand its directional relationship with public sector transparency; and a systematic review of why public sector inconsistencies are so prevalent and how to navigate them moving forward.
Lifting The Veil Essays On Firm Transparency And Consumer Behavior
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Author : Bhavya Mohan
language : en
Publisher:
Release Date : 2016
Lifting The Veil Essays On Firm Transparency And Consumer Behavior written by Bhavya Mohan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This research examines the effects of firm transparency on consumer behavior. Three essays investigate how consumer behavior changes when firms are transparent about costs, wages, and promotional strategies. Essay one investigates when and why firms benefit from revealing confidential unit cost information to consumers. A natural field experiment conducted with an online retailer suggests that cost transparency can boost sales. Subsequent controlled lab experiments replicate this basic effect and provide evidence for why it occurs. Essay two examines whether consumer behavior is influenced by the disclosure of a firm's pay ratio - the ratio of the total compensation of the CEO to the average annual compensation of all other employees. Pilot field data and a series of experiments show that pay ratio disclosure affects the purchase intentions of a subset of consumers, via perceptions of wage fairness. Essay three examines how marketing offers that are framed as percentages can confuse consumers, due to highly non-linear impacts in terms of actual value. Three lab studies and one field experiment show that while even highly numerate consumers are prone to error, the transparent provision of rate information can help consumers evaluate offers more accurately.
Fiscal Transparency Its Determinants And Consequences For Developing Countries
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Author : Yves Mathurin Tehou Tekeng
language : en
Publisher:
Release Date : 2014
Fiscal Transparency Its Determinants And Consequences For Developing Countries written by Yves Mathurin Tehou Tekeng 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.
This thesis has addressed the issue of fiscal transparency for developing countries in three essays. The first essay provided an overview of the existing literature on fiscal transparency and related questions, focusing on different angles and measurement methodologies involved. Our review was structured around four principal axes that include the determinants of fiscal transparency; the links between fiscal transparency and some selected institutional factors relating to international capital markets, and fiscal discipline, corruption, and economic growth. One of the major shortcomings discovered in the literature is the lack of exclusive attention devoted to developing countries on this important issue of fiscal transparency and how this could affect their growth potential. The second essay proposed a new, replicable and more objective index of fiscal transparency based on criteria of developing countries as used by the World Bank in 2009. We also provided an analysis of the determinants of fiscal transparency based on information from 27 developing countries, taking into account a number of institutional and socio-economic determinants of fiscal transparency. For example, we examined the impacts of natural resources (wealth), quality of institution, openness on the above-mentioned index of fiscal transparency by the means of OLS and Two-Stage Least Square methods. Our empirical findings indicated that the performance of our proposed index appeared to be consistent with other existing indices. The third essay presented an analysis of some potential consequences of fiscal transparency for developing countries. More specifically, based on the availability of data across the 27 countries of the sample, it was found that fiscal transparency can have some impact on the structure of government spending, education and health outcomes, attraction of international capital, but not economic growth.
Three Essays On Multinational Transparency And The State
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Author : Anthony P. Cannizzaro
language : en
Publisher:
Release Date : 2015
Three Essays On Multinational Transparency And The State written by Anthony P. Cannizzaro 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.
Shrouded Information And Strategic Transparency Three Essays On Price Obfuscation
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Author : Elizabeth Bennett Chiles
language : en
Publisher:
Release Date : 2017
Shrouded Information And Strategic Transparency Three Essays On Price Obfuscation written by Elizabeth Bennett Chiles and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
Many firms engage in activities aimed at making prices less transparent - tactics that may be referred to collectively as price obfuscation. Existing theory does not explain the substantial heterogeneity that exists both within and across industries with respect to the prevalence of these practices. The essays herein thus seek to shed further light on this phenomenon. In particular, I address several interrelated questions: what incentives drive firms to obfuscate in the first place, what are the potential consequences (if any) of doing so, and how do these tradeoffs vary depending on firm characteristics and market conditions? Novel empirical results are drawn from U.S. hotel industry data in Chapters 1 and 2; in Chapter 3, I synthesize existing price obfuscation literature from a range of disciplines and provide several illustrative case studies. Taken together, these three essays build toward a more comprehensive theoretical framework for understanding why, in practice, some firms utilize obfuscation (and deceptive tactics more broadly) while others do not.
Shifting Obsessions
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Author : Ivan Krastev
language : en
Publisher: Central European University Press
Release Date : 2004-01-01
Shifting Obsessions written by Ivan Krastev and has been published by Central European University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-01-01 with Political Science categories.
Annotation Rather than being a study of anti-corruption policies, this work looks at the politics of anti-corruption and their institutional motivations. Krastev argues that anti-corruption sentiments are not driven by the actual level of corruption but by general disappointment with liberal reforms that cause rising social inequality. In this collection of essays, the author makes the provocative argument that the current corruption-focused policies are doomed.
Empirical Essays On Remote Work And Transparency In Performance Management
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Author : Felix Bölingen
language : de
Publisher: BoD – Books on Demand
Release Date : 2024-07-29
Empirical Essays On Remote Work And Transparency In Performance Management written by Felix Bölingen and has been published by BoD – Books on Demand this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-07-29 with Business & Economics categories.
This dissertation consists of four studies that address the impact of two human resource management practices - remote work and transparency in performance management - on outcomes that are vital to organizations and society at large. The first study, using a sample of 545 employees, examines the conditions under which remote work influences employees' work-home interface and satisfaction outcomes. The second study, using data from dual-earner couples in Germany, adopts a systems perspective, understanding employees and their romantic partners as an entangled unit that responds to increased remote work. Taken together, these studies contribute to a deeper understanding of why employees' experiences of remote work are heterogeneous. Employees may thrive in remote work arrangements; however, work coming into the wrong home can increase work-home conflict, decrease satisfaction, and increase loneliness. The last two studies contribute to a controversial debate in academia and practice about the extent to which performance management should be transparent. Study three presents a theoretical model of performance feedback transparency and tests the predictions in a laboratory experiment. Results show that increased transparency of performance feedback induces both status concerns and a learning focus, which predict employee task performance. Study four examines the emotion-driven performance consequences of miscalibrated pay expectations, a potential outcome of insufficient transparency in performance management. Three experimental studies caution against miscalibrated bonus payments. Taken together, the studies provide evidence that performance management can benefit from a more transparent approach, but that effective pay and performance communication is a delicate act.