The determinants of corporate disclosure: a meta‐analysis

Khlif, Hichem; Souissi, Mohsen

doi:10.1108/18347641011068965

Cited by 97 publications

(122 citation statements)

References 38 publications

(81 reference statements)

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“…Different researchers have measured leverage differently and the variation was apparent (Khlif, & Souissi, 2010). Considering the sample of commercial banks for the study, the ratio of total debt, including the liabilities to depositors by banks, and the total assets was considered appropriate measure of leverage.…”

Section: Leverage (Lev)mentioning

confidence: 99%

Web-based Disclosures and Their Determinants: Evidence from Listed Commercial Banks in Nepal

Sharma

2013

AFR

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What is the extent of disclosure, using the Internet, by commercial banks listed on Nepal Stock Exchange? What are the determinants of varying levels of web-based disclosure by those companies? These were the research questions addressed in this paper. All 23 commercial banking companies were found to have maintained their own websites and annual reports were made available in compliance with directive number 4 of Nepal Rastra Bank. A 50 items disclosure index, based on existing literature modified for Nepal specific items, was applied to company websites to assess the disclosure levels. At an average, 49.58 % of items in the index were disclosed by the commercial banks in Nepal. With regards to determinants, foreign ownership, board independence, and bank size were found to be significantly associated with web-based disclosure. The model with six independent variables considered for analysis explained 51% of the variations in web-based disclosure by commercial banks in Nepal. The study makes significant contributions to understand the extent of disclosures made by commercial banks and their determinants in a developing country like Nepal.

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Section: Leverage (Lev)mentioning

confidence: 99%

Web-based Disclosures and Their Determinants: Evidence from Listed Commercial Banks in Nepal

Sharma

2013

AFR

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“…This study employed ROE as the financial performance indicator following previous studies, such as [27,43]. This study made use of ROE as a measure of financial performance since investors are more interested in ROE and its changes, which provide an indication of the firm's efficiency.…”

Section: Methodsmentioning

confidence: 99%

Effect of Corporate Governance Structure on the Financial Performance of Johannesburg Stock Exchange (JSE)-Listed Mining Firms

Dzingai

Fakoya

2017

Sustainability

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There have been many corporate collapses and financial crises in recent years linked to a lack of effective corporate governance. The South African King IV Code of Corporate Governance recommends that corporate governing bodies should be comprised of an appropriate balance of knowledge, diversity, and independence for discharging their duties objectively and more efficiently. This study examines the effect of corporate governance structures on firm financial performance. The secondary data of selected Johannesburg Stock Exchange (JSE), Socially Responsible Investment (SRI) Index-listed mining firms' sustainability reports, and integrated annual financial statements are used. Using panel data analysis of the random effects model, we determined the relationship between board independence and board size and the return on equity (ROE) for the period 2010-2015. Results indicate a weak negative correlation between ROE and board size, and a weak, but positive, correlation between ROE and board independence. Additionally, there is a positive, but weak, correlation between ROE and sales growth, but a negative and weak relationship between ROE and firm size. The study suggests that effective corporate governance through a small effective board and monitoring by an independent board result in increased firm financial performance. We recommend that South African companies see compliance with the recommendations of the King IV Code on Corporate Governance not as a liability, but an ethical investment that may likely yield financial benefit in the long-term. Although complying with corporate governance principles does not necessarily translate into a significant economic benefit, firms should, however, continue to adopt corporate governance for ethical reasons to meet stakeholder's social and environmental needs for sustainable development.

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“…Therefore, management will disclose detailed information as a means of justifying their position and compensation package (Singhvi & Desai 1971). Khlif and Souissi (2010) found that higher performance allows managers to be more convincing to shareholders of their superior managerial abilities. Therefore, by disclosing more information, managers can obtain higher degrees of confidence from investors.…”

Section: Profitabilitymentioning

confidence: 99%

Firm characteristics and excellence in integrated reporting

Buitendag

Fortuin

Laan

2017

SAJEMS

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Background: Integrated reporting has attracted much attention in the past few years, and South Africa has taken the lead in its development worldwide. An annual survey is published by Ernst & Young regarding the quality of the integrated reports of the top 100 entities listed on the Johannesburg Stock Exchange (JSE).Aim: The study on which this article is based was aimed at determining whether the assessment of an entity’s characteristics can predetermine the quality of the integrated report generated by that entity. Setting: This article focuses on an analysis of the integrated reporting of the top 100 entities listed on JSE for the financial years ending in 2013, 2014 and 2015.Methods: Comparison of categorical variables, mixed-model repeated measures ANOVA and generalised estimating equations were applied to identify the best classificators to distinguish between excellent integrated reporting and those reports where progress could still be made. Results: The results show that the type of industry the entity finds itself in, the size and profitability of the entity, as well as the composition of the members of the board, have an effect on the quality of the integrated report.Conclusion: Our results indicated that the type of industry, size of an entity, the profitability and composition of the board of directors, all have an effect on the quality of the integrated reporting. Our evidence will assist current and prospective stakeholders in evaluating the expected quality of an entity’s integrated report, through the evaluation of certain firm characteristics.

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The determinants of corporate disclosure: a meta‐analysis

Cited by 97 publications

References 38 publications

Web-based Disclosures and Their Determinants: Evidence from Listed Commercial Banks in Nepal

Web-based Disclosures and Their Determinants: Evidence from Listed Commercial Banks in Nepal

Effect of Corporate Governance Structure on the Financial Performance of Johannesburg Stock Exchange (JSE)-Listed Mining Firms

Firm characteristics and excellence in integrated reporting

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