Voluntary Disclosure of Accounting Ratios in the Uk

Watson, Anna; Shrives, Philip; Marston, Claire

doi:10.1006/bare.2002.0213

Cited by 394 publications

(414 citation statements)

References 34 publications

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“…This variable is used by Watson et al, (2002), Archambault and Archambault (2003), Hanifa and Rashid (2005), Hassan, Giorgioni and Romilly (2006) and Jiang et al, (2008).…”

Section: The Control Variablesmentioning

confidence: 99%

Corporate Governance System and Quality of Financial Information

Jouini

2013

MJSS

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“…This variable is used by Watson et al, (2002), Archambault and Archambault (2003), Hanifa and Rashid (2005), Hassan, Giorgioni and Romilly (2006) and Jiang et al, (2008).…”

Section: The Control Variablesmentioning

confidence: 99%

Corporate Governance System and Quality of Financial Information

Jouini

2013

MJSS

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“…This study, instead, provides empirical evidence of the signaling effectiveness of ICD. ICD, indeed, aims at disclosing information-which cannot be available to external stakeholders if not voluntary disclosed-that is relevant for the assessment of the future viability of the company, such as intellectual capital [80]. Among the three ICD components, relational capital has the highest impact on audit risk, although it positively affects both the qualitative and the quantitative components of audit risk.…”

Section: Discussionmentioning

confidence: 99%

Does Intellectual Capital Disclosure Matter for Audit Risk? Evidence from the UK and Italy

Demartini

Trucco

2016

Sustainability

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Disclosure theory argues that better information quality reduces audit risk, by decreasing information asymmetry in the market and consequently, information risk for firms. Extant literature on voluntary disclosure analyzes the relationships between Corporate Social Responsibility (CSR) and audit risk, finding that auditors charge lower fees and issue less going concern opinions to firms with good CSR performance. In this study, we test the relationship between intellectual capital disclosure (ICD) and audit risk and we assess the effect of ICD and audit risk on audit fees. To do so, we use data from the ESG Asset4 database (Thomson Reuters Datastream) on 166 UK and 27 Italian listed firms that issue stand-alone social and intellectual capital statements. The audit risk is measured from both a qualitative and a quantitative perspective. Panel data analysis on 2004-2011 years has been used to test our research hypotheses. Empirical findings from a sample of UK and Italian listed companies show that auditors estimate a lower qualitative risk, albeit a higher quantitative one, for those companies reporting higher ICD scores, compared to those ones with lower disclosure scores on the intellectual capital. Furthermore, we find that reputation risk contributes to the relationship between ICD and audit risk.

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“…However, a review of the literature on voluntary disclosures revealed that most authors (Diamond & Verrecchia, 1991;Fishman & Hagerty, 1989;Jensen & Meckling, 1976;Watson, Shrives, & Marston, 2002) have concentrated on voluntary disclosures in annual reports 3 , as opposed to auditors' reports. Furthermore, Okike (1994) revealed a lack of uniformity in reporting patterns in Nigeria, and suggested that audit firm characteristics (especially international affiliation of audit firms) appeared to be the most significant factor which influenced not only reporting patterns, but also, the disclosure quality indexes of the auditors'…”

Section: Role Of the Auditing Professionmentioning

confidence: 99%

A review of internal and external influences on corporate governance and financial accountability in Nigeria

Okike¹,

Adegbite

Nakpodia

et al. 2015

IJBGE

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S. (2015) 'A review of internal and external inuences on corporate governance and nancial accountability in Nigeria.', International journal of business governance and ethics., 10 (2). pp. 165-185. Further information on publisher's website:http://dx.doi.org/10.1504/IJBGE.2015.070933Publisher's copyright statement:Additional information: Use policyThe full-text may be used and/or reproduced, and given to third parties in any format or medium, without prior permission or charge, for personal research or study, educational, or not-for-prot purposes provided that:• a full bibliographic reference is made to the original source • a link is made to the metadata record in DRO • the full-text is not changed in any way The full-text must not be sold in any format or medium without the formal permission of the copyright holders.Please consult the full DRO policy for further details. A Review of Internal and External Influences on Corporate Governance and Financial Accountability in Nigeria AbstractNo country exists in isolation, and as developing countries like Nigeria aspire to 'international' standards of accountability and governance suited to the developed economies, they are confronted with the reality that it is difficult to separate the sociocultural context in which they operate from the external pressures to conform. This literature review provides deep insights into the developments in corporate governance and accountability in Nigeria, and in particular the influence of internal and external factors. While the extant literature suggests that the lack of corporate governance structures limits improvements in developing economies, we argue that the appropriateness, and the effectiveness of regulatory compliance systems explains corporate governance infractions in the country. We contribute to comparative corporate governance discourse, presenting important implications for key players in corporate governance development and monitoring, across global polity and practice. IntroductionObserving patterns of change is particularly relevant within the context of a developing economy like Nigeria, where it would appear that international pressures for change have over time influenced developments in corporate governance and financial accountability (Akinlo, 2004;Akinola, 2012). Like most developing countries, changes are constantly being made in Nigeria to aspire to standards of best practices developed in the more advanced economies. Change can be considered from two perspectives -'positive patterns of change', which signal progress, or 'negative patterns of change', which would suggest retrogression. 3There are important peculiarities in the socio-cultural, political and the economic environment in Nigeria, which presents a useful case study to examine these patterns of change in corporate governance development. These are some of the issues addressed in this paper. In particular, we present evidence of how a developing economy, Nigeria, has attempted to respond to the international pressures for change in corpo...

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Voluntary Disclosure of Accounting Ratios in the Uk

Cited by 394 publications

References 34 publications

Corporate Governance System and Quality of Financial Information

Corporate Governance System and Quality of Financial Information

Does Intellectual Capital Disclosure Matter for Audit Risk? Evidence from the UK and Italy

A review of internal and external influences on corporate governance and financial accountability in Nigeria

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