... that financial reporting quality could be improved by well-structured governance mechanisms. In this study, we examine whether audit quality, as one attribute of good corporate governance, along with other attributes of corporate governance extends to financial disclosure and more precisely to the choice...

...Ma Zhong; Lucia Gao Purpose The purpose of this paper is to investigate the impact of corporate social responsibility (CSR) disclosure on firm-level investment efficiency. Design/methodology/approach An econometric model is used to estimate the impact of CSR reporting on investment efficiency...

...Shreesh Deshpande; Vijay Jog Purpose – This study aims to examine a large, non-disclosed production contract awarded to Lockheed Corp. in the context of a trade-off between a contractually required non-disclosure clause and the need (as a publicly traded firm) to disclose material information...

...Marie‐Josée Ledoux; Denis Cormier Purpose The purpose of this paper is to investigate the incidence of International Financial Reporting Standard (IFRS) on stock market assessment of intangibles and voluntary disclosure about innovation. Design/methodology/approach The authors develop three...

...Raf Orens; Walter Aerts; Nadine Lybaert Purpose This paper seeks to examine the association between a firm's extent and precision of customer value disclosure and its implied cost of equity capital. In addition, it aims to investigate whether industry competition intensity attenuates...

... to smaller firms or to firms that have disclosure policies of always including other information with their forecasts. Originality/value Prior research has yielded mixed results on whether other information included with management forecasts of earnings is useful to the market directly by examining stock...

...George Iatridis; Panayotis Alexakis Purpose The purpose of this paper is to explore the motives for providing voluntary accounting disclosures and investigate the financial differences between voluntary and non‐voluntary disclosers. The paper also examines the association between the provision...

.../methodology/approach Using companies from the Standard & Poor's 500 index and an annual report disclosure ranking, the authors employ a standard t‐test of means across groups to check for differences in disclosure based on a competitive strategy measure (CSM). The CSM classifies industry rivals...

... (Hirshleifer et al., 2002). However, if there are systematic biases in how investors process information, such as limited attention, the presentation of the data could matter (Hirshleifer and Teoh, 2003). Investors' attentiveness to financial statement disclosures has received increased scrutiny...

... disclosure types, materiality perceptions and information environments. A technical framework, the external continuous auditing machine, is derived from the conceptual framework to specify the generic procedures to perform the online control testing and the continuous substantive testing over web‐releases...

...Yijiang Zhao; Michael Davis; Kevin T. Berry Purpose The purpose of this paper is to examine the effect on the cost of capital of increased disclosure that reduces information asymmetry among market participants. Design/methodology/approach This study uses the decision to regularly hold open...

..., firm‐fixed effects, and panel treatment effects models. Findings In line with previous researches, only those firms from high‐disclosure regimes gain from Level 2/3 listing in the USA. The gains are not immediate, but materialize once the firm has listed in the USA for at least five years. Also...

...Jaemin Kim; Nikhil Varaiya Purpose Due to insufficient disclosure on open market share repurchases in the USA, at any given point in time, outside shareholders have no knowledge of whether their firm is executing open market share repurchase trades. It is hypothesized that such information...

...Frank Heflin; Kenneth W. Shaw; John J. Wild Purpose The purpose of this paper is to study the relation between financial analysts’ ratings of firms’ disclosure policies and the intraday pattern in spreads between specialists’ bid and ask price quotes. Design/methodology/approach Measure...

... and consequences of the varying levels of details provided in these forecasts. The research is based on a sample of 82 IPOs on the Euronext Paris market (2000‐2002). Findings The paper shows that only two variables are associated with highly detailed forecast disclosures: forecast horizon and firm age...

...James W. Bannister; Harry A. Newman Purpose The purpose of this paper is to investigate whether proxy statement performance graph disclosures are influenced by the firm's governance structure and management concerns about relative performance. Design/methodology/approach Logistic regression...