Value Relevant Disclosures Value Reporting
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Value Relevant Disclosures Value Reporting
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Author : Wolfgang Schultze
language : en
Publisher:
Release Date : 2008
Value Relevant Disclosures Value Reporting written by Wolfgang Schultze 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.
The objective of this paper is threefold. First we develop a comprehensive framework for valuerelevant disclosures (Value Reporting)to serve as the theoretical background for Business Reporting in order to give guidance for preparers and standard setters in their task to structure the information presented in management reports concerning valuation issues. From this framework we derive a comprehensive list of information contents needed by investors for making capital allocation decisions. In the second part we use these criteria to analyze the disclosure practice of the 100 largest German listed companies. From this analysis we obtain an overall level of disclosure which in the third step we relate to economic determinants. The results show a significant influence of the firms business objective, but no influence of firm size, auditor size and the application of international accounting standards on the level of value-relevant voluntary disclosures.
The Value Relevance Of Mandatory Corporate Disclosures
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Author : Mishari M. Alfraih
language : en
Publisher:
Release Date : 2016
The Value Relevance Of Mandatory Corporate Disclosures written by Mishari M. Alfraih 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 study is the first to explore the association between the level of compliance with International Financial Reporting Standards (IFRS) mandatory disclosures and the value relevance of accounting information to market participants. This association is examined in the context of listed companies in the emerging economy of Kuwait - a jurisdiction with a history of applying international accounting standards but with lax enforcement. The research design of the study consists of two parts. First, the level of compliance with mandatory IFRS disclosures of Kuwait Stock Exchange (KSE) listed firms in 2010 is examined using a disclosure index. Second, the value relevance of financial statement information, specifically, earnings and book values, is examined empirically using Ohlson's (1995) valuation model that captures the level of compliance with IFRS among KSE listed firms. The results show a significant association between the level of compliance with IFRS and the value relevance of earnings and book values to KSE investors, highlighting the importance of establishing and maintaining adequate monitoring and enforcement mechanisms to ensure compliance with accounting standards. The outcomes of this study serve to inform regulators and companies on whether moving toward stricter compliance with IFRS will necessarily improve the value relevance of financial statement information.
Disclosure Quality Under Integrated Reporting
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Author : Alessandro Cortesi
language : en
Publisher:
Release Date : 2019
Disclosure Quality Under Integrated Reporting written by Alessandro Cortesi 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.
In the aftermath of the globalization first and of the financial crises then, the traditional approaches to reporting appeared outdated. In response, the Integrated Report (IR) has been proposed with the aim to increase the transparency, making more clear the interconnections between all areas of the firm business and its performance. Our analysis reveals that the IR actually creates value for investors, as adopting firms are reworded by the market, and increases the value relevance of earnings per share. Our results are robust to the geographical area, the firm dimension and the country legal system, providing new evidences on the efficacy of the IR as well as on the necessity to make it mandatory.
The Professional S Guide To Fair Value
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Author : James P. Catty
language : en
Publisher: John Wiley & Sons
Release Date : 2012-01-10
The Professional S Guide To Fair Value written by James P. Catty and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-10 with Business & Economics categories.
An all-encompassing guide to the elements and basics of fair value With the important role fair value is playing in the creation of a converged set of global accounting standards, demand for products in this category is growing spectacularly. The elements and basics of fair value are covered, including risk, dealing with the SEC, and details on legal responsibility. In addition, sample financial statements are included, along with tables, recommended applicable techniques, and management checklists for those who are responsible for preparing and approving of financial statements. Written by the Chairman and co-CEO of the International Association of Consultants, Valuators and Analysts (IACVA) Includes sample financial statements of both U.S. and foreign companies Appropriate for anyone involved professionally with finance—managers, accountants, investors, bankers, instructors, and students—The Professional's Guide to Fair Value is a reliable reference on the ins and outs of fair value financial disclosure.
Business Models And Corporate Reporting
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Author : Lorenzo Simoni
language : en
Publisher: Routledge
Release Date : 2021-09-19
Business Models And Corporate Reporting written by Lorenzo Simoni and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-19 with Business & Economics categories.
This book discusses the role of business models in corporate reporting. It illustrates the evolution of non-financial reporting, the importance of business model reporting, and the main conceptualisations of business models. It also offers a methodological contribution to the assessment of business model reporting. Finally, it discusses the main implication of business model reporting for different categories of subjects and some challenges related to this kind of disclosure. Readers will understand the role of business models in the non-financial reporting landscape. They will also gain an understanding of how business models can help users of the annual report contextualise other non-financial items disclosed. However, effective business model reporting implies paying attention to certain features that define its quality. This theme is discussed in the empirical part of the book and in the section devoted to implications for preparers, users, and regulators. As large companies in the EU and the UK have to disclose the business model in the annual report, this book will be of interest to preparers and users of financial statements, regulators involved in the ongoing non-financial regulatory process, and professional bodies. It will also be of interest to academics interested in the investigation of non-financial reporting.
Enhanced Business Reporting
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Author : Christine Reitmaier
language : en
Publisher:
Release Date : 2017
Enhanced Business Reporting written by Christine Reitmaier 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.
Purpose: Enhanced Business Reporting (EBR) seeks to address the information needs of investors when making company valuations for investment decisions. The paper analyses the relevance for market valuation of EBR disclosures that are directly related to firm valuation (Value Based Reporting, VBR).Design/methodology/approach: Data are hand collected from annual reports of German publicly listed companies over 5 years. The content analysis is based on the valuation-related disclosure framework of the German Schmalenbach Society of Business Administration. A 2SLS approach accounts for potential endogeneity.Findings: Share-based compensation, leverage, corporate size, and share volatility are significant determinants of VBR. The level of VBR is significantly associated with market values and provides additional market value explanatory power, indicating its relevance to investors in the process of valuation and decision making. Also, the relevance of book value and earnings for explaining market values increases for firms with better VBR. Findings are robust to the exclusion of banks and assurance companies and to alternative model and variable specifications.Research limitations/implications: The research contributes to the literature on voluntary disclosures by testing an EBR framework explicitly derived from valuation theory. The results provide indirect evidence of investors' use of respective valuation techniques in decision making. A contribution is made to the value relevance literature by showing that valuation-related disclosures constitute a suitable proxy for 'other information' in the Ohlson (1995) model. Such disclosures complement traditional accounting metrics, i.e. book value and earnings, as basis for valuations. Potential caveats relate to the content analysis of annual reports and the endogeneity of voluntary disclosures.Originality/value: This paper informs the debate on further developments of EBR in helping to identify important components thereof.
Integrated Reporting
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Author : Chiara Mio
language : en
Publisher: Springer
Release Date : 2016-08-11
Integrated Reporting written by Chiara Mio and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-11 with Business & Economics categories.
This book is a timely addition to the fast-growing international debate on Integrated Reporting, which offers a holistic view of the evolution and practice of Integrated Reporting. The book covers the determinants and consequences of Integrated Reporting, as well as examining some of the most relevant issues (particularly in the context of the United States) in the debate about Integrated Reporting.
Fundamental Issues Related To Using Fair Value Accounting For Financial Reporting
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Author : Mary E. Barth
language : en
Publisher:
Release Date : 1995
Fundamental Issues Related To Using Fair Value Accounting For Financial Reporting written by Mary E. Barth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995 with Accounting categories.
Mandatory Non Financial Risk Related Disclosure
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Author : Stefania Veltri
language : en
Publisher: Springer Nature
Release Date : 2020-07-31
Mandatory Non Financial Risk Related Disclosure written by Stefania Veltri and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-31 with Business & Economics categories.
This book focuses on the impact of the disclosure of non-financial risk, which could be seen as the most relevant non-financial information (NFI), in the aftermath of the 2014/95/EU Directive. The author analyses whether the switch from voluntary to mandatory NFI enhance the quality of disclosed NF risk-related information and the usefulness of the risk disclosure for investors. The book focuses specifically on the mandatory disclosure of non-financial (NF) risks as required by the EU Directive for listed Italian companies, investigating both the state of art of its disclosure and its usefulness for investors. In doing so, the book contributes to fill two relevant gaps in risk literature. The first research gap is related to the insufficient investigation of the disclosure of NF risks. Companies mandated to disclose risk-related information focused mainly on financial risks, in spite of the width of the definition of risk, conceived as information about any opportunity, danger, threat, or exposure that has or could impact the company in the future. The second gap is that empirical evidence about the effects of corporate risk disclosures is still limited, and the potential benefits of the disclosure of information on risks have not been fully explored. In particular, the relationship between risk disclosures and firm value is under researched, as the risk literature mainly focuses on the incentives question, related to the motives for which companies decide to disclose. The research in this book focuses on Italy, a country that provides a unique opportunity to examine the impact of mandatory NF risk disclosure on firm market value, being one of the biggest industrial European countries that had not mandatory legislation for NFI disclosure, and also one of the leading countries in voluntary corporate social responsibility (CSR) reporting at an international level. It has been carried out in the fiscal year 2017, the first year of the application of the mandatory NF disclosure for obliged Italian listed PIEs. The book contributes both to the measurement literature, as it presents a self-constructed quality NF risks and to the value relevance analysis literature, providing evidence of the usefulness of financial and non-financial risk-related disclosures in the Italian context.
Losing The Excess Baggage
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Author :
language : en
Publisher:
Release Date : 2011
Losing The Excess Baggage written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Financial statements categories.