Does accounting regulation enhance corporate governance? Evidence from the disclosure of share-based remuneration

Melis, Andrea; Carta, Silvia

doi:10.1007/s10997-009-9107-8

Cited by 21 publications

(16 citation statements)

References 31 publications

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“…In fact, financial reporting forms a crucial part of the corporate governance mechanism (Melis, 2004;Melis & Carta, 2010). Similarly, the responsibility for appropriate and timely financial reporting rests on the shoulder of the apex governing body of a firm "the board of directors".…”

Section: Introductionmentioning

confidence: 99%

Corporate governance and quality of financial statements: a study of listed Nigerian banks

Eluyela

Uwuigbe

Teddy

et al. 2018

Banks and Bank Systems

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This study investigated the influence of Corporate governance on the timeliness of financial reports of listed banks in Nigeria. In order to provide answers to the research questions raised in this study, data were generated from the annual report of the listed banks on the Nigerian Stock Exchange considering the period 2008–2015. The study used Board size, Board Independence and Foreign Executives on the board as proxies for corporate governance. The data were analyzed using descriptive statistics, correlation matrix and panel data regression analysis. It was observed that board size had a non-significant negative relationship with the timeliness of financial reports. Also, the study observed that board independence also had a non-significant negative relationship with the timeliness of financial reports. Finally, it was observed that foreign executives on the board had a significant positive relationship with the timeliness of financial reports. The study thus recommends that the existing legal framework in Nigeria should be developed that clearly specifies the rights and obligations of a bank, its management and, of course, other stakeholders.

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Section: Introductionmentioning

confidence: 99%

Corporate governance and quality of financial statements: a study of listed Nigerian banks

Eluyela

Uwuigbe

Teddy

et al. 2018

Banks and Bank Systems

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“…Melis and Carta (2010) suggested in a study conducted in Italy using post implementation SBP expense data that the average decrease in DEPS was 12.9% and that this represented a material decrease in DEPS for 28.3% of their sample firms. Listed companies in South Africa are on par with those in the US and the UK when comparing the use of SBP transactions (Crotty and Bonorchis, 2006), but the anticipated negative effect of expensing SBP transactions has not been determined through published research.…”

Section: Accounting Standards Board (Fasb) In the United States Of Ammentioning

confidence: 94%

“…However, since the implementation of IFRS 2, both equity-settled and cash-settled SBP transactions affect profit or loss and therefore earnings used in the calculation of EPS. Pre-IFRS 2 implementation studies conducted in the US and Australia (Street and Cereola, 2004;Chalmers and Godfrey, 2005) Melis and Carta (2010) and Shiwakoti and Rutherford (2010).…”

Section: Accounting Standards Board (Fasb) In the United States Of Ammentioning

confidence: 99%

The effect of expensing share-based payments on basic earnings per share of South African listed companies

Pretorius

Villiers

2013

Meditari Accountancy Research

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Purpose -This study aims to investigate the post-implementation impact of expensing sharebased payment transactions on basic earnings per share. In recent years, IFRS 2 was one of the most opposed and controversial standards issued by the IASB.Design/methodology/approach -The sample relates to the period immediately after implementation (2006)(2007)(2008)(2009) and consists of the 531 firm-year observations where sharebased payments were present among Johannesburg Stock Exchange listed companies. The effect of share-based payments on basic earnings per share is assessed.Findings -The findings of this study show a statistically significant impact on basic earnings per share, but the results are more modest than suggested by prior studies. The number of companies reporting a share-based payment expense increased over the five-year period [2005][2006][2007][2008][2009].Originality/value -The introduction of IFRS 2 caused small but not necessarily immaterial changes to the income profile of companies. This is important for analysts and general users of financial information who need to be aware of these changes. The results also suggest that IFRS 2 did not merely cause accounting policy changes, but has impacted on the way sharebased payment transactions are used by companies.KEY WORDS: basic earnings per share; earnings per share; IFRS 2; listed companies; share-based payment expense; share-based payment transaction; South Africa 1

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“…Perhaps, this was due to the fact that the UK has been traditionally one of the most developed markets in the world with high share of multinational corporations and sophisticated investors. Melis & Carta (2009) examined up to seventy companies in the Italian market between the years 2004 and 2005 to discover a major shift in the way share-based payments were disclosed. They concluded that the adoption of IFRS 2 led to a significant improvement since a vast majority of corporations was forced to cease using the intrinsic value approach.…”

Section: Introductionmentioning

confidence: 99%

Fulfillment of IFRS 2 Disclosure Requirements by Companies Listed on the Prague Stock Exchange

Červený¹

2018

EFAJ

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Abstract:The aim of this paper is to assess the quality of share-based payments' disclosure in compliance with IFRS 2 by companies listed on the Prague Stock Exchange. The study shows how companies in the Czech market utilizing share-based payments meet the requirements given by IFRS 2 framework and in order to support the arguments, it compares the results with randomly selected companies from the German DAX index, which represents a well-developed market. The focus is on three key principles of disclosure, as defined by the IFRS 2. As we will demonstrate, Czech corporations do meet the regulatory minimum requirements, but they fail to utilize some of the advanced valuation methods and their reports are generally rather brief compared to their German counterparts.

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Does accounting regulation enhance corporate governance? Evidence from the disclosure of share-based remuneration

Cited by 21 publications

References 31 publications

Corporate governance and quality of financial statements: a study of listed Nigerian banks

Corporate governance and quality of financial statements: a study of listed Nigerian banks

The effect of expensing share-based payments on basic earnings per share of South African listed companies

Fulfillment of IFRS 2 Disclosure Requirements by Companies Listed on the Prague Stock Exchange

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