Financial disclosure regulation and its environment: A review and further analysis

Cooke, T. E.; Wallace, R. S. Olusegun

doi:10.1016/0278-4254(90)90013-p

Cited by 178 publications

(116 citation statements)

References 18 publications

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“…Adhikari and Tondkar (1992) maintain that the levels of corporate governance disclosure tend to reflect the underlying institutional and environmental influences that affect managers and business firms in different countries. There are a variety of environmental factors that influence disclosure practices by companies, they have been identified (Radebaugh & Gray, 1993), and these factors include regulatory framework, capital markets, economy, enforcement mechanisms, and culture (Cooke & Wallace, 1990;Haniffa & Cooke, 2002). Most research papers on corporate governance disclosure has focused on disclosure issues of developing countries and have been researched from an agency theory perspective (e.g., Bushman & Smith, 2001;Healy et al, 1999;Healy & Palepu, 2001;Hermanson, 2000).…”

Section: Research On Corporate Governance Disclosurementioning

confidence: 99%

Corporate Governance Disclosure in Developing Countries: A Comparative Analysis in Nigerian and South African Banks

Isukul

Chizea

2017

Sage Open

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This research examines corporate governance disclosure in Nigerian and South African Banks using the unweighted disclosure index technique. This research provides a cross-sectional examination of corporate governance disclosure practices in the annual reports of listed banks in Nigeria and South Africa. The results suggest that Nigerian and South African banks have a high level of corporate governance disclosure. However, Nigeria and South African banks have low levels of voluntary corporate governance disclosure. Furthermore, in reporting of voluntary corporate governance disclosure, Nigerian banks appear to be collating information with no link to the overall business strategy of the organization while the South African banks have a more robust approach to voluntary corporate governance disclosure as they apply international guidelines such as the Global Reporting Initiative to their disclosure.

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Section: Research On Corporate Governance Disclosurementioning

confidence: 99%

Corporate Governance Disclosure in Developing Countries: A Comparative Analysis in Nigerian and South African Banks

Isukul

Chizea

2017

Sage Open

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“…Cooke and Wallace (1990) indicate that accounting standards has a strong relationship with the environmental factors including economic growth. In addition, Sedaghat et.…”

Section: Accounting In Developing Countriesmentioning

confidence: 99%

The Advantages and the Challenges of Adopting IFRS into UAE Stock Market

Alsaqqa¹,

Sawan²

2013

IJBM

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This paper aims to assess the benefits gained and the challenges experienced by companies listed on the UAE stock market following the introduction of IFRS. Since the announcement by the European Union to adopt IFRS by listed companies, many countries have followed suit, hoping to gain competitive edge in attracting the Foreign Direct Investment to boost their economic growth. This study focuses on examining the advantages and challenges faced by companies listed on the UAE stock market listed companies as a result of adopting IFRS. The framework used in this analysis will be based on the identification and assessment of key drivers influencing companies listed on the UAE stock market. To what extent are these factors internal or external to the financial sector, but which have a direct bearing on the overall economic environment? The views and perceptions of the Chief Financial Officers' (CFOs) for Dubai and Abu Dhabi listed companies, financial analysts of the financial statements in the two listed companies and auditors will be analysed. Methodology:Questionnaires were used as the main method of data collection. Questionnaire were distributed in both Dubai and Abu Dhabi markets, The data obtained through the questionnaires have been imported into software for analysis, namely, the Statistical Package for the Social Sciences (SPSS). Findings:The results clearly show that the benefits of adopting IFRSs in UAE inevitably far outweigh the difficulties and costs. The findings also reveal that adoption of IFRSs in UAE stock markets has improved the overall standard of the quality of financial reporting, which help in attracting investors to invest in the UAE stock markets. However, many respondents were still apprehensive that effective and professional financial reporting decisions will be affected by the level of education of accounting users, the methods provided by some IFRSs, and the inadequate enforcement mechanisms.

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“…This is an important issue because prior research has suggested that cultural differences may help to explain international differences in accounting systems and patterns of accounting development internationally (Chow and Wong-Boren, 1987;Cooke and Wallace, 1990;Gray, 1985Gray, , 1988Harrison, 1993;Harrison and McKinnon, 1986;Perera, 1989). Specifically, Gray and Vint investigated the disclosure element of Gray's model which hypothesizes a link between national culture and accounting systems.…”

Section: Introductionmentioning

confidence: 99%

The Effects of Culture on International Banking Disclosures

Hooi

2007

Asia-Pacific Journal of Accounting & Economics

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This paper investigates the influence of national culture on banking disclosures. Seventeen developed and developing countries with a representative sample of 37 listed domestic commercial banks were examined in 2004. Long-term orientation is found to be a non-significant cultural value with banking disclosures. The explanatory power for banking disclosures is found to be similar to the findings in Gray and Vint (1995) with a cross-section of industries. More importantly, this study recommends that long-term orientation should not be used as part of the cultural framework for disclosures due to bias data. Hence, Gray's (1988) hypothesis on the secrecy / transparency dimension should be maintained with respect to the original four cultural values.JEL Classification: G21, M41, O57

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Financial disclosure regulation and its environment: A review and further analysis

Cited by 178 publications

References 18 publications

Corporate Governance Disclosure in Developing Countries: A Comparative Analysis in Nigerian and South African Banks

Corporate Governance Disclosure in Developing Countries: A Comparative Analysis in Nigerian and South African Banks

The Advantages and the Challenges of Adopting IFRS into UAE Stock Market

The Effects of Culture on International Banking Disclosures

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