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| Author | : Maryam Alsabah |
| Publisher | : |
| Total Pages | : |
| Release | : 2021 |
| Genre | : |
| ISBN | : |
| Author | : Elizabeth A. Gordon |
| Publisher | : |
| Total Pages | : 37 |
| Release | : 2019 |
| Genre | : Accounting |
| ISBN | : |
| Author | : Isabel-María García-Sánchez |
| Publisher | : Cambridge Scholars Publishing |
| Total Pages | : 252 |
| Release | : 2019-01-08 |
| Genre | : Business & Economics |
| ISBN | : 1527524434 |
The essays collected here specifically examine the new trends of sustainability performance and reporting. They provide theoretical argumentation and evidence about sustainability performance, and determinants of its voluntary disclosure and external assurance. The book will interest companies, managers, shareholders, stakeholders and public bodies directly related to sustainability performance, the voluntary disclosure of sustainability information, and the adoption of an external assurance process.
| Author | : Jennifer Francis |
| Publisher | : Now Publishers Inc |
| Total Pages | : 97 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : 1601981147 |
This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.
| Author | : C. B. Bhattacharya |
| Publisher | : Cambridge University Press |
| Total Pages | : 341 |
| Release | : 2011-09-15 |
| Genre | : Business & Economics |
| ISBN | : 1107009170 |
This book shows how companies can maximize the value of their CR initiatives by fostering strong stakeholder relationships.
| Author | : Ramin Gamerschlag |
| Publisher | : Cuvillier Verlag |
| Total Pages | : 123 |
| Release | : 2011-06-27 |
| Genre | : Business & Economics |
| ISBN | : 3736936982 |
Corporate disclosures are crucial for the functioning of efficient capital markets. They reduce information asymmetries between internal and external parties as well as between informed and uninformed investors. The thesis at hand focuses on voluntary disclosures with regard to CSR and human capital issues, their determinants and their implications for the capital market.
| Author | : Kose John |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 250 |
| Release | : 2013-12-18 |
| Genre | : Business & Economics |
| ISBN | : 1783501219 |
Advances in Financial Economics Vol. 16 contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives.
| Author | : Luigi Lepore |
| Publisher | : Taylor & Francis |
| Total Pages | : 267 |
| Release | : 2022-12-29 |
| Genre | : Political Science |
| ISBN | : 1000829073 |
This book provides a description of the state of the art on environmental disclosure, illustrating the key theoretical issues, the regulatory frameworks, and the main standards developed and reporting the results of an empirical analysis on the environmental disclosure released by listed firms. Luigi Lepore and Sabrina Pisano begin by analysing the origin and evolution of environmental disclosure. They go on to provide a description of the main theoretical frameworks used by scholars, explaining the conceptual basis of each theory and describing how the specific theory has been used to explain the company’s decision to release environmental disclosure. The second part of the book highlights the role and evolution of the European regulatory frameworks, emphasising the transition from voluntary to mandatory disclosure, and the major standards and guidance developed. The book ends by providing a picture of the evolution of sustainability reporting practices in European Union nations over the past two decades. This book investigates the critical issues and new directions in environmental disclosure, which are currently under examination by regulators and standard setters. It will therefore be of great interest to academics and students working in the areas of business and sustainability.
| Author | : Marlene Plumlee |
| Publisher | : |
| Total Pages | : |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
This study examines the relationship between the quality of a firm's voluntary environmental disclosures and firm value, by exploring the correlation between the components of firm value (cost of capital and expected cash flows) and disclosure quality. Using an innovative index to capture variation in environmental disclosure quality, we document a negative relation between cost of capital component of value and voluntary disclosure quality for firms that operate in environmentally sensitive or electrical industries and a generally positive association between the cash flow component of value and voluntary disclosure quality for firms that operate in environmentally non-sensitive industries. Our study provides a comprehensive rationale for a variety of firms to provide high quality voluntary disclosures, even though the means by which firm value is affected varies across firms. In addition, we document that the venue for the voluntary environmental disclosures (within a stand-alone report or as part of the annual report) significantly affect the relations. Overall, our results suggest a complex inter-relationship between firm value and voluntary disclosure quality; one that requires an understanding of the association between both the cost of capital and cash flows and voluntary disclosures.
| Author | : Stefania Veltri |
| Publisher | : Springer Nature |
| Total Pages | : 176 |
| Release | : 2020-07-31 |
| Genre | : Business & Economics |
| ISBN | : 3030479218 |
This book focuses on the impact of the disclosure of non-financial risk, which could be seen as the most relevant non-financial information (NFI), in the aftermath of the 2014/95/EU Directive. The author analyses whether the switch from voluntary to mandatory NFI enhance the quality of disclosed NF risk-related information and the usefulness of the risk disclosure for investors. The book focuses specifically on the mandatory disclosure of non-financial (NF) risks as required by the EU Directive for listed Italian companies, investigating both the state of art of its disclosure and its usefulness for investors. In doing so, the book contributes to fill two relevant gaps in risk literature. The first research gap is related to the insufficient investigation of the disclosure of NF risks. Companies mandated to disclose risk-related information focused mainly on financial risks, in spite of the width of the definition of risk, conceived as information about any opportunity, danger, threat, or exposure that has or could impact the company in the future. The second gap is that empirical evidence about the effects of corporate risk disclosures is still limited, and the potential benefits of the disclosure of information on risks have not been fully explored. In particular, the relationship between risk disclosures and firm value is under researched, as the risk literature mainly focuses on the incentives question, related to the motives for which companies decide to disclose. The research in this book focuses on Italy, a country that provides a unique opportunity to examine the impact of mandatory NF risk disclosure on firm market value, being one of the biggest industrial European countries that had not mandatory legislation for NFI disclosure, and also one of the leading countries in voluntary corporate social responsibility (CSR) reporting at an international level. It has been carried out in the fiscal year 2017, the first year of the application of the mandatory NF disclosure for obliged Italian listed PIEs. The book contributes both to the measurement literature, as it presents a self-constructed quality NF risks and to the value relevance analysis literature, providing evidence of the usefulness of financial and non-financial risk-related disclosures in the Italian context.
