A literature survey of financial reporting in private firms

Habib, Ahsan; Ranasinghe, Dinithi; Huang, Hedy Jiaying

doi:10.1016/j.racreg.2018.03.005

Cited by 19 publications

(8 citation statements)

References 36 publications

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“…Numerous studies have examined the influence of business strategy on financial report quality ( Bentley et al, 2013 ; Habib et al, 2018b ), managerial decisions ( Higgins et al, 2015 ; Navissi et al, 2017 ), and the stock price crashes ( Habib et al, 2018a ), although there is little research examining the effect of business strategy on the dividend policy. Therefore, our research examines the impact of behavior on dividends in two aspects contemporaneously.…”

Section: Introductionmentioning

confidence: 99%

The Effects of Behavioral Foundations and Business Strategy on Corporate Dividend Policy

Liao

Lin

et al. 2022

Front. Psychol.

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This study analyzes the influence of behavioral foundation factors and corporate strategic behavior on the formulation of corporate dividend policy. We use the Logit model and the OLS model for estimating the empirical model. The year- and industry-fixed effects are controlled in the model. We consider the behavioral foundations in three dimensions-ambiguity aversions, risk aversion, and loss aversion. The results show firms with high ambiguity or high risk infrequently pay dividends but firms with loss-averse behavior tend to pay dividends. This paper also provides evidence that a firms’ business strategy influences its corporate dividend policy. Aggressive firms inhibit the payout of dividends. In additional tests, we find the results remain unchanged in those firms with high corporate governance or high growth opportunities.

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Section: Introductionmentioning

confidence: 99%

The Effects of Behavioral Foundations and Business Strategy on Corporate Dividend Policy

Liao

Lin

et al. 2022

Front. Psychol.

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“…Bushman and Smith (2001) are of the opinion that productivity, investment, and value-added of firms can be positively affected by financial accounting information. Hence, financial reporting quality helps in the reduction of liquidity risk, information risk and information symmetry among investors (Habib, Ranasinghe, & Huang, 2018). Financial reporting quality can help in examining investment decisions made by the management and also support business control mechanisms.…”

Section: Financial Reporting Qualitymentioning

confidence: 99%

Executive Compensation and Financial Reporting Quality of Nigerian Financial Service Industry

2021

ijafr

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The study evaluated the effect of executive compensation on financial reporting quality in Nigerian financial service industry for the period covered. These were with a view to providing information on the effect of executive compensation and financial reporting quality in Nigeria. The study employed a secondary source of data collection. The population for the study consisted of 22 quoted deposit money banks listed and whose stocks are actively traded on the Nigerian Stock Exchange (NSE) market for the period 2006-2017.The sample size of 14 was determined using purposive sampling method. Secondary data were collected on variables executive compensation, non-performing loan, loan loss provision, total loan, residual term all obtained from the audited Annual reports of the selected deposit money banks, fact book published by Nigerian Stock Exchange, and the Central Bank of Nigeria. Data collected were analyzed using Robust Regression. The results showed executive compensation (coef. =-0.139, p˂0.004) has a negative significant relationship with financial reporting quality. This study concluded that executive compensation has a negative significant effect on financial reporting quality.

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“…In practice, organization is dealing with financial information throughtout a wide range of processes and tools (Jones & Roberts, 2006;Brazel et al, 2007;Lippman, 2009;Wang, 2013;Janvrin & Mascha, 2014;Habib, Ranasinghe & Huang, 2018;Weetman, 2018). By using financial information, financial communication is viewed as a communication strategy endeavoring primarily to manage the investor relations.…”

Section: Financial Communicationmentioning

confidence: 99%

“…With this strategy, organization intends to interface with current and potential financial stakeholders such as retail investors, institutional investors, and financial analysts. The effectiveness of this strategy depends on the organization's capabilities for creating a pool of latent demand for the company's shares; reducing churn in the company's shares and keep price volatility low; giving an accurate representation of the company's past performance; providing credible predictions of the company's future performance; maximizing the company's market value, minimizing its financing costs, and reducing its cost of credit and cost of capital (Riel & Fombrun, 2007;Huang, 2018).…”

Section: Financial Communicationmentioning

confidence: 99%

Predicting the Virtual Financial Communication Content: A Discriminant Analysis Applied on Small and Medium Stocks

Saida¹

2018

IJBM

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In competitive environment, information is an important aspect of organization management. In fact, information supports decision making process, improves operational activities, and enhances organizational effectiveness and governance. Therefore, information should be communicated effectively to specific stakeholders throughout an extremely well-integrated system. Financial information system is an important component of the information system. It aims to provide reliable financial information regarding firms listed in stock market. In this case, financial information is viewed as a main ingredient of virtual financial communication. This research aims to provide more insights about financial information provided by financial information system. Indeed, the study tries to explain to what extend financial information could predict the virtual financial communication content. The sample contains 64 organizations listed on the Casablanca stock exchange. A content analysis of websites and financial statements analysis are used for each company. Based on virtual financial communication content, two groups are constructed. We use three financial indicators for measuring the performance of these two groups. The discriminant analysis shows to what extend specific financial indicators could predict the virtual financial communication content. As results, these indicators show different levels of ability to predict virtual financial communication content. Our findings, when confronted to the literature, explicit convergences about the predictability of on-line corporate disclosure.

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A literature survey of financial reporting in private firms

Cited by 19 publications

References 36 publications

The Effects of Behavioral Foundations and Business Strategy on Corporate Dividend Policy

The Effects of Behavioral Foundations and Business Strategy on Corporate Dividend Policy

Executive Compensation and Financial Reporting Quality of Nigerian Financial Service Industry

Predicting the Virtual Financial Communication Content: A Discriminant Analysis Applied on Small and Medium Stocks

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