Alternative Performance Measures: Determinants of Disclosure Quality – Evidence from Germany

Jana, Stephanie; McMeeking, Kevin

doi:10.1080/17449480.2020.1829655

Cited by 8 publications

(2 citation statements)

References 72 publications

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“…We follow prior disclosure literature (Boshnak, 2021; Abhayawansa and Guthrie, 2016; Wang et al , 2022; Jana and McMeeking, 2021; Hamrouni et al , 2019) and control for a number of firm-specific characteristics such as size, liquidity, leverage and age. We measure firm size (FSIZE) by the natural logarithm of total assets.…”

Section: Methodsmentioning

confidence: 99%

Covid-19 disclosure: do internal corporate governance and audit quality matter?

Abdelhak

Hussainey

Albitar

2023

IJAIM

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Purpose This study aims to examine the impact of internal corporate governance and audit quality on the level of COVID-19 disclosure in Egypt. Design/methodology/approach The authors use manual content analysis to measure levels of COVID-19 disclosure in the narrative sections of annual reports. The authors analyze all companies listed on the Egyptian Stock Exchange over 2020–2021. The authors use different regression models to test the research hypotheses. Findings The analysis adds to the literature in two crucial respects. First, it provides a measure for COVID-19 disclosure in Egypt. Second, it provides evidence that governance mechanisms (board diversity, audit committee [AC] independence), auditor type and audit opinion affect the level of COVID-19 disclosure. The higher level of COVID-19 disclosure is associated with firms with more female directors on the board, being audited by one of the big four audit firms and receiving standard clean audit opinion. While the inexistence of an AC and more executives on the AC negatively affect COVID-19 disclosure levels. Originality/value To the best of the authors’ knowledge, it is the only paper that examines COVID-19 disclosure in the Egyptian context. It is also the first paper that provides evidence on the impact of internal governance and audit quality on COVID-19 disclosure.

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Section: Methodsmentioning

confidence: 99%

Covid-19 disclosure: do internal corporate governance and audit quality matter?

Abdelhak

Hussainey

Albitar

2023

IJAIM

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“…Further, investors' trust may be a significant factor in determining MCS (Kanagaretnam et al, 2018). Transparent disclosures and communication are recognised as increasing investors' trust (Camilleri, 2018; Hahn & Lülfs, 2014; Zarzycka & Krasodomska, 2022) and leading to positive economic effects (Elzahar et al, 2015; Jana & McMeeking, 2020). However, investors only use information companies disclose if they perceive it as credible (Jennings, 1987; Mercer, 2004).…”

Section: Theoretical Background Literature Review and Hypothesis Deve...mentioning

confidence: 99%

Managing sustainability—Does the integration of environmental, social and governance key performance indicators in the internal management systems contribute to companies' environmental, social and governance performance?

et al. 2022

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Assessing whether a company is sustainable or not is challenging for investors. For this reason, it is particularly important how companies integrate and manage sustainability. This paper primarily aims to investigate the effects of implementing environmental, social and governance (ESG) key performance indicators (KPIs) in the internal management system (IMS) on ESG performance. Further, the effect of a consistent use of ESG KPIs in the IMS and the management compensation scheme (MCS) on ESG performance is examined. Using hand-collected data of the largest Germanlisted companies, this study employs t tests for differences in means and ordinary least square (OLS) regressions to study these associations. The results indicate that the implementation of ESG KPIs in the IMS increases ESG performance. In addition, the performance for environmental and social sub-dimensions is enhanced. No significant influence of a consistent use of ESG KPIs in the IMS and the MCS on ESG performance is observed. The results highlight that implementing ESG KPIs in the IMS is a practical approach to manage sustainability and to increase ESG performance. Our findings have practical and theoretical implications for researchers, regulators and companies considering the integration of sustainability and further communicating transparently and strengthening investor trust.

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