Financial reporting quality and dividend policy: New evidence from an international level

Trinh, Quoc Dat; Haddad, Christian; Tran, Kim Thuan

doi:10.1016/j.irfa.2022.102026

Cited by 22 publications

(7 citation statements)

References 88 publications

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“…In addition to encouraging firms to engage in more transactions with their own favored parties, managers frequently engage in self-serving behavior by raising "agency costs" [ 62 ]. In the absence of external oversight, the firm’s agency costs increase further, putting at risk the funds available to enhance the quality of its development [ 63 ]. At this juncture, the firm’s financial security may be at risk.…”

Section: Empirical Analyses and Resultsmentioning

confidence: 99%

A study of the impact of corporate digitization on environmental protection: Take Chinese A-share companies in Shanghai and Shenzhen as an example

Zhao

Yan

2023

PLoS ONE

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Textual analysis and the Entropy-TOPSIS method are used in this research to create a measure of corporate environmental protection, and multiple regressions are used to find out how digitalization affects corporate environmental protection. The research sets up a theoretical framework for how corporate digitalization affects environmental protection and looks into how external financing constraints and an organization’s own financial position play a role in the middle. The research then looks at how outside factors like the business environment of the market and the level of competition in the industry affect the relationship. Using a threshold regression approach, the research also examines the change in the impact of digitalization on environmental protection after investor sentiment crosses the threshold from the distinct perspective of investor sentiment. Our research provides theoretical support for environmental protection by corporations and government policy direction.

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Section: Empirical Analyses and Resultsmentioning

confidence: 99%

A study of the impact of corporate digitization on environmental protection: Take Chinese A-share companies in Shanghai and Shenzhen as an example

Zhao

Yan

2023

PLoS ONE

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“…Kebijakan dividen sangat relevan dengan kebutuhan modal perusahaan, karena memberi sinyal prospek pengembalian modal pemegang saham masa lalu dan masa depan (Barros et al, 2023). Tujuan pembayaran dividen adalah untuk mendistribusikan laba perusahaan kepada para pemegang (Trinh et al, 2022). Kebijakan dividen dapat menjadi solusi karena pembagian dividen dapat memuaskan serta meningkatkan kepercayaan investor terhadap perusahaan yang diinvestasikan.…”

Section: Kebijakan Dividenunclassified

Analisis Determinasi Kebijakan Dividen Pada Perusahaan LQ45

Muhammad Nur Adli,

Utaminingtyas,

Khairunnisa

2024

JAPA

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The purpose of this study is to test and analyze managerial ownership, profitability, investment opportunity set, and debt to equity ratio to dividend policy. This study uses secondary data sources derived from the company's annual report on companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) in 2018-2022 using purposive sampling techniques. The analysis technique used is regression analysis of panel data using Econometric Views 13 (EViews) software. The findings indicated that the managerial ownership had no bearing on dividend policy, the profitability significantly impacted dvidend policy, the investment opportunity set had no bearing on dividend policy, the debt to equity ratio significantly impacted dividend policy significantly impacted sustainability report disclosure.

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“…Information asymmetry, which is correlated with a firm’s information quality (Naqvi et al , 2021; Liu et al , 2021; Trinh et al , 2022), occurs when managers possess private information related to their areas of responsibility to which shareholders have no access (Dang et al , 2019). The standard agency theory model assumes that shareholders do not possess cost-free access to this information and that managers tend to be work and risk-averse (Baiman, 1990), all of which lead to self-interested behavior (Nabilou, 2020; Iman et al , 2022).…”

Section: Literature Review and Hypothesis Developmentmentioning

confidence: 99%

The effect of corporate governance, corporate social responsibility and information asymmetry on the value of Indonesian-listed firms

Lahjie,

Natoli,

Zuhair

2023

IJAIM

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Purpose This study aims to examine the influence of corporate governance (CG) and corporate social responsibility (CSR) on firm value while accounting for the impact of information asymmetry. Design/methodology/approach This empirical analysis is based on 1,079 observations from 83 listed Indonesian firms for the period 2007–2019. The authors applied simultaneous equation models with ordinary least squares and two-stage least squares. Findings The authors present empirical evidence of CG mechanisms that significantly contribute to low levels of CSR. Moreover, the authors identify a significant impact of information asymmetry on the relationship between CG, CSR and firm value. Research limitations/implications The results show that information asymmetry, CG and CSR do not necessarily result in improved firm value across boards. Moreover, the employment of a nonlinear Cobb–Douglas-type function indicated diminishing marginal returns. Practical implications The findings can help policymakers in developing countries in improving the monitoring and supervisory roles of CG mechanisms to provide more support to CSR, increasing regulatory pressures for improved CSR performance and reducing information asymmetry by adopting a standardized CSR reporting scheme. Social implications The suggested implications can contribute to more sustainable practices among Indonesian-listed firms as well as improving relationships with consumers and stakeholders toward the practice of CSR. Originality/value The adoption of a comprehensive CSR measurement tool to examine the value of CSR contributes to the extant literature, along with examining the impact of information asymmetry on the relationship between CG, CSR and firm value in a developing country context.

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Financial reporting quality and dividend policy: New evidence from an international level

Cited by 22 publications

References 88 publications

A study of the impact of corporate digitization on environmental protection: Take Chinese A-share companies in Shanghai and Shenzhen as an example

A study of the impact of corporate digitization on environmental protection: Take Chinese A-share companies in Shanghai and Shenzhen as an example

Analisis Determinasi Kebijakan Dividen Pada Perusahaan LQ45

The effect of corporate governance, corporate social responsibility and information asymmetry on the value of Indonesian-listed firms

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