The public accountability index: crafting a parametric disclosure index for annual reports

Coy, David; Dixon, Keith

doi:10.1016/j.bar.2003.10.003

Cited by 156 publications

(209 citation statements)

References 20 publications

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“…We used multiple regression (Cohen et al, 2013) to test our model. Each item in the model was given equal weight because there is no document showing that any item has more of an effect than another.…”

Section: Regression Equation Results and Interpretationmentioning

confidence: 99%

“…In addition, many studies have shown that the failure in accounting standards is caused by numerous problems in the implementation process (Christiaens & Rommel, 2008). Accordingly, several hypotheses have been formulated to determine the reasons for the level of compliance in the public sector (Evans & Patton, 1983;Ingram, 1984;Robins & Austin, 1986;Evans & Patton, 1987;Giroux, 1989;Dixon et al, 1991;Cheng, 1992;Allen & Sanders, 1994;Pina & Torres, 1996;Coy et al, 1994;Coy & Dixon, 2002;Christiaens, 1999;Weets & Jegers, 2000;Giroux & McLelland, 2003;Christiaens & Vanhee, 2003;Da Costa Carvalho, et al, 2007;Verbruggen, 2011). Although these studies' investigations have resulted in valuable insights and interesting hypotheses, little has been produced with respect to emerging-country characteristics.…”

Section: XXmentioning

confidence: 99%

“…We performed a multiple regression analysis (Cohen, Cohen, West, & Aiken, 2013) and found that the most infl uential predictors of the level of compliance are as follows: external audit, implementation of EU-funded projects and being a new municipality.…”

Section: XXmentioning

confidence: 99%

See 2 more Smart Citations

Why do some municipalities apply accrual-based rules more than others? Evidence from Turkey

Ada¹,

Christiaens²

2017

E+M

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Section: Regression Equation Results and Interpretationmentioning

confidence: 99%

Section: XXmentioning

confidence: 99%

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Why do some municipalities apply accrual-based rules more than others? Evidence from Turkey

Ada¹,

Christiaens²

2017

E+M

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“…There has been some considerable debate about the use of various weighting schemes, especially in terms of their subjectivity (Ahmed and Courtis, 1999;Coy and Dixon, 2004), it has generally been thought that providing the index is 'sufficiently' extensive, it makes little difference whether a weighted or un-weighted index is employed (Chow and Wong-Boren, 1987). However, even if this is the case, one problem with the use of disclosure indices remains.…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring annual report narratives disclosure

Abed

Al‐Najjar

Roberts

2016

MAJ

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Purpose: The study aims to investigate empirically the common alternative methods of measuring annual report narratives. Five alternative methods are employed, a weighted and un-weighted disclosure index and three textual coding systems, measuring the amount of space devoted to relevant disclosures.Design/methodology/approach: We investigate the forward looking voluntary disclosures of 30 UK non-financial companies. We employ descriptive analysis, correlation matrix, mean comparison T-test, rankings and multiple regression analysis of disclosure measures against determinants of corporate voluntary reporting.Findings: The results reveal that while the alternative methods of forward looking voluntary disclosure are highly correlated, yet important significant differences do emerge. In particular, it appears important to measure volume rather than simply the existence or nonexistence of each type of disclosure. Overall, we detect that the optimal method is content analysis by text-unit rather than by sentence.Originality: This paper contributes to the extant literature in forward looking disclosure by reporting important differences among alternative content analyses. However, the decision regarding whether this should be a computerised or a manual content analysis appears not to be driven by differences in the resulting measures. Rather the choice is the outcome of a trade-off between the time involved in setting up coding rules for computerised analysis versus the time saved undertaking the analysis itself.Keywords: Narrative Disclosure, Content Analysis Methods, Forward-looking Information 3 How to Measure Annual Report Narratives Disclosure? Empirical Evidence fromForward-Looking Information in the UK Prior the Financial Crisis OverviewDisclosure is an abstract concept that cannot be measured in an unambiguous or precise manner and there is therefore a continuing debate in the literature on how to best measure disclosure and the impact of using different measures (Healy and Palepu, 2001). While a large number of alternative content analysis methods have been employed these tend to fall into one of two types, either textual content analysis or what Joseph & Taplin (2011) call disclosure abundance, which measures the amount of space devoted to relevant items and disclosure incidence or disclosure indices which instead measure the occurrence of specific items. Although there has been a debate regarding the optimal way to design disclosure indices (eg Marston & Shrives, 1991;Chow and Wong-Boren, 1987) and similar debates on how to conduct textual analysis (eg Unerman, 2000;Beattie et al., 2004;Beattie and Thomson, 2007) there has been few studies that have compared textual content analysis and disclosure indices.Cerf (1961) is considered to be the first to use a disclosure index to evaluate the extent of disclosure, and since then, disclosure indices have been used extensively in corporate disclosure studies. Un-weighted indexes treat all disclosure items as equal, irrespective of the amount of space devote...

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“…Coy and Dixon (2004) argue that stakeholders for schools should include feeder schools, suppliers, donors, sponsors, professional associations, unions, alumni, taxpayers, other community members, researchers, media and auditors. The definition of stakeholders by Jensen as well as Coy and Dixon does not include the government as the stakeholder.…”

Section: Accountability Of Sgbs To Stakeholdersmentioning

confidence: 99%

Possible Financial Reporting Challenges Faced by Governing Bodies of Public Schools in South Africa

Hlongoane¹

2016

Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)

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Some of the South African school governing bodies (SGBs) are faced with various challenges including a lack of skills, corruption and the mismanagement of funds. These challenges make it difficult for the SGBs to discharge their duties. Section 43 of the South African Schools Act (SASA) requires the Members of the Executive Council (MECs) for Education in various provinces to develop financial guidelines for the schools. This results in the use of different accounting and reporting guidelines by governing bodies in various provinces, which may have a negative effect on the comparability and other desirable qualities, such as faithful representation, consistency and understandability of financial information. The research reported here was extracted from a literature review, which forms an integral part of a doctoral study. The study is still in progress and aims to establish the nature of reporting, the effectiveness of existing guidelines and the extent of non-compliance to regulations and existing guidelines by different schools in various provinces in order to develop guidelines to assist SGBs to prepare annual financial statements. The aim of this paper, however, is to discuss possible financial reporting challenges faced by South African SGBs of public schools. This is done by literature review.

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The public accountability index: crafting a parametric disclosure index for annual reports

Cited by 156 publications

References 20 publications

Why do some municipalities apply accrual-based rules more than others? Evidence from Turkey

Why do some municipalities apply accrual-based rules more than others? Evidence from Turkey

Measuring annual report narratives disclosure

Possible Financial Reporting Challenges Faced by Governing Bodies of Public Schools in South Africa

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