Corporate Governance and Voluntary Disclosure Practices of Financial Non-Financial Sector Companies in Bangladesh PDF Download
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Author: Anup Kumar Saha
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
This paper examines the relationship between voluntary disclosure and several attributes of corporate governance using data from the annual reports of companies listed on the Dhaka Stock Exchange (DSE) in 2011. The results obtained show statistically significant differences in levels of voluntary disclosure among listed companies in Bangladesh and show that companies in the financial sector disclose more voluntary information than non-financial companies. Findings from this analysis indicate a negative association between voluntary disclosure and percentage of equity owned by insiders. By contrast, firm size and profitability show significant positive relationship with voluntary disclosure. However, this study also shows that voluntary disclosure has no significant relationship with the percentage of equity held by institutions, board size, board audit committee and percentage of independent directors on the board of directors.
Author: Anup Kumar Saha
Publisher:
ISBN:
Category :
Languages : en
Pages : 18
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Book Description
This paper examines the relationship between voluntary disclosure and several attributes of corporate governance using data from the annual reports of companies listed on the Dhaka Stock Exchange (DSE) in 2011. The results obtained show statistically significant differences in levels of voluntary disclosure among listed companies in Bangladesh and show that companies in the financial sector disclose more voluntary information than non-financial companies. Findings from this analysis indicate a negative association between voluntary disclosure and percentage of equity owned by insiders. By contrast, firm size and profitability show significant positive relationship with voluntary disclosure. However, this study also shows that voluntary disclosure has no significant relationship with the percentage of equity held by institutions, board size, board audit committee and percentage of independent directors on the board of directors.
Author: Dr. Md. Abdur Rouf
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The aim of the study is to examine the factors influences voluntary disclosures of information in the annual reports of listed companies in Dhaka Stock Exchange (DSE) over the period of 2007 to 2011. A sample of 106 non-financial companies listed on DSE was selected by judgemental sampling. The results of the disclosure index indicate that four highest disclosure scorer listed companies in DSE are from the industrial categories of 'Fuel and Power' and 'Pharmaceuticals and Chemicals' and four lowest disclosure scorer listed companies in DSE are from the industrial category of 'Food and Allied'. Secondly, the results indicate that the total assets, the percentage of female directors, board leadership structure of a firm are positively associated with the level of voluntary disclosure. The result also indicates that the percentage of equity owned by the insiders of a firm is negatively associated with the level of voluntary disclosures.
Author: Lino Cinquini
Publisher: Springer Nature
ISBN: 3030903559
Category : Business & Economics
Languages : en
Pages : 477
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Book Description
The increasingly crucial role of companies’ non-financial disclosure (NFD) and integrated reporting (IR) has led to a lively debate among academics, practitioners, and regulators on the approaches, framework, contents, principles, and standards that should oversee these forms of reporting. Through several expert contributions, conducted both with qualitative and quantitative methodologies, this book provides an up-to-date portrait of the debate by exploring corporate NFD either in its mandated contents or voluntary information. Contributing authors provide studies that encompass the different lines of NFD, namely non-financial risk reporting, sustainability reporting, and intellectual capital reporting, as well as the integration of financial and non-financial information through IR, the assurance of the NFD and IR through auditing activities, and the role of management and CFOs in NFD and IR.
Author: Shilpi Das
Publisher:
ISBN:
Category :
Languages : en
Pages : 22
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Book Description
The aim of this study is to determine the extent and trend of voluntary reporting practices on the internet by the listed non financial companies in Bangladesh. It also identifies the factors that influenced the voluntary reporting on the internet. The final sample consists of 141 non financial companies listed in the Dhaka Stock Exchange, Bangladesh. This study used self constructed checklists of 128 items divided into nine groups. Current study observed that the mean of the total voluntary disclosure score for the sample is about 29.50% with highest disclosure in the telecommunication sector which is 55.47% where as tannery sector discloses the lowest; only 22.40%. The result of the regression analysis found that the total voluntary disclosure has significant positive association with firm size, audit firm's international link, multinational parent, independent director in the board and dual leadership structure whereas significant negative association with the firms profitability and firm leverage. However, board size, ownership structure, company's liquidity and company age have non-significant association with voluntary reporting on the internet. The value of adjusted R square indicates that 46.5% of the changes of total voluntary disclosure are explained by the changes in its examined determinants.
Author: Dr. Md. Abdur Rouf
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
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Book Description
The aim of this paper is to examine the linkages “corporate characteristics”, “governance attributes” and the “extent of voluntary disclosure” in Bangladesh. The paper is based on a sample of 120 listed non-financial companies in Dhaka Stock Exchanges (DSE) in 2007. The study used ordinary least squares regression model to examine the relationship between explanatory variables and voluntary disclosure. Using an unweighted relative disclosure index for measuring voluntary disclosure, the empirical results indicate that a positive association between board size and voluntary disclosure, board leadership structure and voluntary disclosure and between board audit committee and voluntary disclosure. In contrast, the extent of voluntary disclosure is negatively related to proportion of INDs, ownership structure and net profitability.
Author: Dr. Md. Abdur Rouf
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
This research aims to test empirically the relationship between the Financial Performances (Profitability) and the level of Corporate Governance Disclosure (CGD) by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This paper is based on a sample of 94 listed companies and Used OLS as a method of estimation. The extent of corporate governance disclosure level is measured using 40 items of information and financial performance (profitability) is measured by return on assets (ROA). Using an unweighted approach for measuring corporate governance disclosure, this approach is most appropriate when no importance is given to any specific user-groups. After establishing the disclosure index, a scoring sheet was developed to assess the extent of corporate governance disclosures. The result shows that the level of Corporate Governance Disclosure (CGD) is positively correlated with the Financial Performances (Profitability). The study provides empirical evidence to policy makers and regulators in South Asia.
Author: Dr. Md. Abdur Rouf
Publisher:
ISBN:
Category :
Languages : en
Pages : 17
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Book Description
This research aims to test empirically the relationship between the Financial Performances (Profitability) and the level of Corporate Governance Disclosure (CGD) by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This paper is based on a sample of 94 listed companies and Used OLS as a method of estimation. The extent of corporate governance disclosure level is measured using 40 items of information and financial performance (profitability) is measured by return on assets (ROA). Using an unweighted approach for measuring corporate governance disclosure, this approach is most appropriate when no importance is given to any specific user-groups. After establishing the disclosure index, a scoring sheet was developed to assess the extent of corporate governance disclosures. The result shows that the Financial Performances (Profitability) and Board Audit Committee are positively correlated with the level of Corporate Governance Disclosure (CGD). Percentage of Equity Owned by the Insiders is negatively associated with the Corporate Governance Disclosure. The study provides empirical evidence to policy makers and regulators in South Asia.
Author: G.K.C Jeewantha
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Stakeholders' dissatisfaction with traditional mandatory financial reporting has led to increase the demand for more comprehensive voluntary information disclosures. As such, the corporate disclosure practices in Sri Lanka have changed dramatically in recent years. The purpose of this study is to identify the drivers of corporate voluntary disclosures in Sri Lankan listed companies. This study provides new insights about voluntary disclosures in Sri Lankan context since few studies have been conducted. Sixty non-financial companies were selected based on market capitalization for the study purpose. Company annual reports from 2009 to 2014 were scrutinized to find the voluntary disclosures. Panel regression was utilized due to the nature of time series and cross sectional. This study demonstrated that the level of voluntary disclosure in Sri Lankan listed companies is lower compared to other emerging countries. It is confirmed that the size of firm was the more significant factor in determining voluntary disclosure practices in Sri Lanka. Moreover, block holders negatively influenced to the voluntary disclosures in Sri Lankan listed companies. However, corporate governance variables do not have any impact to the voluntary disclosure practices. Furthermore, profitability, leverage, industry category are not influencing voluntary disclosure practices. This study has found that auditors' duty has been limited to financial statements in Sri Lankan listed companies. The outcome of this study would encourage in developing standards for the disclose of information in annual reports and also persuade corporate managers to reform disclosure practices.
Author: Shilpi Das
Publisher:
ISBN:
Category :
Languages : en
Pages : 23
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Book Description
The aim of this study is to determine the extent and trend of mandatory reporting practices on the internet by the listed non financial companies in Bangladesh. It also identifies the factors that influenced the mandatory reporting on the internet. The final sample consists of 141 non financial companies listed in the Dhaka Stock Exchange, Bangladesh. This study used self constructed checklists of 103 items based on acts and laws relating to mandatory reporting. Current study observed that the mean of the total mandatory disclosure score for the sample is about 60.57% with highest disclosure in the telecommunication sector which is 85.44% where as tannery sector discloses the lowest with only 37.86% of mandatory information posted on the internet. The result of the regression analysis found that the total mandatory disclosure has significant positive association with audit firm's international link, multinational parent, number of independent director in the board, and dual leadership structure whereas significant negative association with the firms profitability measured by ROE and firms leverage. However, firm size, profitability measured by ROA, multinational parents, liquidity, market categories, board size, ownership structure and company age have non-significant association with mandatory reporting on the internet.
Author: Mohamed Omran
Publisher: LAP Lambert Academic Publishing
ISBN: 9783659636080
Category :
Languages : en
Pages : 260
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Book Description
I extend prior corporate disclosure research by examining the association between six international environmental factors and the level of corporate voluntary disclosure practices using 100 Egyptian listed non-financial firms. The results of regression analysis indicate that the level of voluntary disclosures is positively and significantly associated with international socio-political institutions, international accounting standards, and international financial institutions. However, I find no significant association between the level of voluntary disclosures and global competition, the international stock market, and information technology and communication. Of the five control variables that I included in regression models, only the legal form associates significantly with the level of voluntary disclosure practices. The findings further our understanding of accounting practices in a developing country context. The subject organizations can use the findings of the study to improve their accounting disclosure systems. The Capital Market Authority in Egypt also can use the findings of the study to improve accounting disclosure regulations in Egypt.
