The Management of Corporate Financial Disclosure: Opportunism, Ritualism, Policies, and Processes

Gibbins, Michael; Richardson, Alan J.; Waterhouse, John

doi:10.2307/2491219

Cited by 514 publications

(440 citation statements)

References 9 publications

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“…When information asymmetry between managers and investors exists (i.e., managers have access to information that investors do not), investors and creditors may assume the worst about the company and undervalue the company's stock or require a higher interest rate on loans in a condition of non-disclosure (Grossman 1981). Gibbins et al, (1990), argue that companies have an incentive to reduce information asymmetry when they rely on the capital markets to reduce perceived costs.…”

Section: Theoretical Background and Related Literaturementioning

confidence: 99%

Social and Environmental Reporting and Auditing in Indonesia: Maintaining Organizational Legitimacy?

Basalamah

Jermias

2005

GADJAH MADA INT. J. BUS.

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Section: Theoretical Background and Related Literaturementioning

confidence: 99%

Social and Environmental Reporting and Auditing in Indonesia: Maintaining Organizational Legitimacy?

Basalamah

Jermias

2005

GADJAH MADA INT. J. BUS.

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“…No caso do Brasil, com a promulgação da Lei nº 11.638/2007 e legislações decorrentes, o País passou por um processo de convergência às normas internacionais de contabilidade, o que se refletiu na qualidade da evidenciação exigida das empresas. Já as informações voluntárias caracterizam-se por não apresentarem caráter normativo, e são disponibilizadas por meio de canais formais e informais (Gibbins, Richardson, & Waterhouse, 1990, Lanzana, 2004.…”

Section: Referencial Teórico 21 Evidenciação Contábilunclassified

Evidenciação Da Informação Contábil: Uma Retrospectiva Das Pesquisas Socializadas No Congresso Anpcont

Lopes

Beuren

2018

RECFin

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RESUMOObjetivo: Este estudo objetiva analisar as características das pesquisas sobre evidenciação contábil socializadas no Congresso ANPCONT no período de 2007 a 2016. Fundamento: A evidenciação contábil é uma das formas visadas de comunicação com os agentes de mercado. Nesse cenário, a pesquisa contábil enquanto prática de ordem social e institucional instiga desenvolver estudos que contribuam para uma maior confiabilidade nas informações divulgadas pelas empresas. Método: O processo de seleção dos trabalhos ocorreu em etapas sistemáticas e resultou em uma amostra de 90 trabalhos. Neles investigaram-se aspectos temporais, autoria, temática, enfoque teó-rico e metodológico, foco em informações obrigatórias ou voluntárias e uso da escala dicotômica para determinar o nível de evidenciação. Resultados: Os resultados evidenciam uma evolução temporal dos estudos sobre evidenciação contábil, e duas universidades se destacaram pelos pesquisadores com maior número de trabalhos apresentados neste evento. As teorias de base que prevaleceram são Teoria da Divulgação e Teoria da Agência. As temáticas mais destacadas são a evidenciação ambiental e social e a evidenciação das informações presentes nas demonstrações contábeis, com ênfase em atos regulatórios e normativos. Os procedimentos metodológicos mais utilizados circunscreveram-se à análise de conteúdo com uso de ferramentas estatísticas.

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“…According to him, economic data consist of information which prunes the uncertainty that is characteristic of the outcome of future economic events, and that improved disclosure is a function of increased quantity and quality of economic data available to investors through financial statements. Gibbins, Richardson and Waterhouse (1990) define disclosure as "any deliberate release of financial information, whether numerical or qualitative, required or voluntary, via formal or informal channels" (p.122). Parker (1992) defines disclosure as the reporting of financial and non-financial information to users of accounting reports, especially to investors, which can be made according to legislation or accounting standards or can be voluntary.…”

Section: Corporate Disclosure Definedmentioning

confidence: 99%

Firm Performance and Corporate Disclosure Level of Listed Companies in Nigeria

Modugu

2017

AJFA

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The study investigates the relationship between firm performance (proxied by profitability and liquidity) and corporate disclosure in Nigerian listed firms. The data used in the study were obtained from the annual reports of 60 companies listed on the Nigerian Stock Exchange from the various sectors of the country's economy. The study covers the post International Financial Reporting Standards (IFRSs) adoption period of three years (2012 -2014). Corporate disclosure (dependent variable) was disaggregated into mandatory, voluntary and total disclosure. The data were analysed using both descriptive statistics and the Ordinary Least Squares (OLS) regression. Findings from the descriptive statistics reveal that, contrary to prior findings, there is a steady improvement in mandatory disclosure by Nigerian companies since the country's adoption of IFRSs. However, voluntary disclosure still remains relatively low. The regression results show no significant relationship between profitability and the three components of corporate disclosure. But liquidity shows a significant positive relationship with mandatory and total disclosure. The combined effect of profitability and liquidity shows no significant relationship with any of the components of corporate disclosure. The findings suggest that improved performance of companies does not necessarily induce them to disclosure more information as widely reported by previous researchers. These findings notwithstanding, the decision to disclose sufficiently and timely must be accorded priority attention by companies, considering the critical role of adequate and timely information disclosure in the global marketplace.

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The Management of Corporate Financial Disclosure: Opportunism, Ritualism, Policies, and Processes

Cited by 514 publications

References 9 publications

Social and Environmental Reporting and Auditing in Indonesia: Maintaining Organizational Legitimacy?

Social and Environmental Reporting and Auditing in Indonesia: Maintaining Organizational Legitimacy?

Evidenciação Da Informação Contábil: Uma Retrospectiva Das Pesquisas Socializadas No Congresso Anpcont

Firm Performance and Corporate Disclosure Level of Listed Companies in Nigeria

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