Corporate Governance and Financial Reporting Disclosures: Bangladesh Perspective (original) (raw)
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Financial reporting disclosures are very essential to the shareholders of a company because they frequently use these disclosures for their economic decisions about the business enterprise. Board of directors, corporate management and external auditor may have an influence on financial reporting disclosures. From this perspective, the study investigates the influence of corporate governance on financial reporting disclosures. The results show that corporate governance is significantly associated with the extent of financial reporting disclosures. External auditor, multilisting and profitability are significantly (5 percent level) associated with overall financial reporting disclosures index.
This research aims to test empirically the relationship between the Financial Performances (Profitability) and the level of Corporate Governance Disclosure (CGD) by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This paper is based on a sample of 94 listed companies and Used OLS as a method of estimation. The extent of corporate governance disclosure level is measured using 40 items of information and financial performance (profitability) is measured by return on assets (ROA). Using an unweighted approach for measuring corporate governance disclosure, this approach is most appropriate when no importance is given to any specific user-groups. After establishing the disclosure index, a scoring sheet was developed to assess the extent of corporate governance disclosures. The result shows that the level of Corporate Governance Disclosure (CGD) is positively correlated with the Financial Performances (Profitability).The study provides empirical evidence to policy makers and regulators in South Asia.
Journal of Economics and Business Research, 2014
This research aims to test empirically the relationship between the Financial Performances (Profitability) and the level of Corporate Governance Disclosure (CGD) by the listed non-financial companies in Bangladesh. Data are taken from annual reports of the listed companies in the 2007. This paper is based on a sample of 94 listed companies and Used OLS as a method of estimation. The extent of corporate governance disclosure level is measured using 40 items of information and financial performance (profitability) is measured by return on assets (ROA). Using an unweighted approach for measuring corporate governance disclosure, this approach is most appropriate when no importance is given to any specific user-groups. After establishing the disclosure index, a scoring sheet was developed to assess the extent of corporate governance disclosures. The result shows that the Financial Performances (Profitability) and Board Audit Committee are positively correlated with the level of Corporate Governance Disclosure (CGD). Percentage of Equity Owned by the Insiders is negatively associated with the Corporate Governance Disclosure. The study provides empirical evidence to policy makers and regulators in South Asia.
Disclosure on Corporate Governance Issues in Bangladesh: A Survey of the Annual Reports
Hossain, D. M. and Khan, A. R. (2006), Disclosure on Corporate Governance Issues in Bangladesh: A Survey of the Annual Reports, The Bangladesh Accountant, January-March, pp. 95-99., 2006
The paper investigates some corporate attributes that influence the corporate governance disclosure in Bangladesh. An OLS regression model has been used to analyze the data of 100 sample companies listed either with Dhaka Stock Exchange or Chittagong Stock Exchange in 2004. We find that some corporate attributes such as multinational affiliation, linkage of auditor with big four audit firms, concentrated ownership by sponsor and banking companies influence significantly on corporate governance disclosures.
The aim of the study is to examine the factors influences voluntary disclosures of information in the annual reports of listed companies in Dhaka Stock Exchange (DSE) over the period of 2007 to 2011. A sample of 106 non-financial companies listed on DSE was selected by judgemental sampling. The results of the disclosure index indicate that four highest disclosure scorer listed companies in DSE are from the industrial categories of 'Fuel and Power' and 'Pharmaceuticals and Chemicals' and four lowest disclosure scorer listed companies in DSE are from the industrial category of 'Food and Allied'. Secondly, the results indicate that the total assets, the percentage of female directors, board leadership structure of a firm are positively associated with the level of voluntary disclosure. The result also indicates that the percentage of equity owned by the insiders of a firm is negatively associated with the level of voluntary disclosures.
This paper examines the relationship between voluntary disclosure and several attributes of corporate governance using data from the annual reports of companies listed on the Dhaka Stock Exchange (DSE) in 2011. The results obtained show statistically significant differences in levels of voluntary disclosure among listed companies in Bangladesh and show that companies in the financial sector disclose more voluntary information than nonfinancial companies. Findings from this analysis indicate a negative association between voluntary disclosure and percentage of equity owned by insiders. By contrast, firm size and profitability show significant positive relationship with voluntary disclosure. However, this study also shows that voluntary disclosure has no significant relationship with the percentage of equity held by institutions, board size, board audit committee and percentage of independent directors on the board of directors. Keywords Voluntary Disclosures Corporate Governance Corporate Annual Reports Disclosure Index Dhaka Stock Exchange (DSE) *Jagannath University, Bangladesh JAMAR Vol. 11 ยท No. 2 2013
2013
This paper examines the relationship between voluntary disclosure and several attributes of corporate governance using data from the annual reports of companies listed on the Dhaka Stock Exchange (DSE) in 2011. The results obtained show statistically significant differences in levels of voluntary disclosure among listed companies in Bangladesh and show that companies in the financial sector disclose more voluntary information than non-financial companies. Findings from this analysis indicate a negative association between voluntary disclosure and percentage of equity owned by insiders. By contrast, firm size and profitability show significant positive relationship with voluntary disclosure. However, this study also shows that voluntary disclosure has no significant relationship with the percentage of equity held by institutions, board size, board audit committee and percentage of independent directors on the board of directors.
Journal of Management Research, 2024
The purpose of this study is to investigate the impact of corporate governance on financial reporting quality. The sample for this study consists of 49 companies selected on the basis of convenient sampling from nine industries. Total Accruals (as proxy of FRQ) is considered as dependent variable; where the independent variables are - Board Size, Board Independence, Audit Committee Size, Audit Committee Independence, and Audit Committee Accounting Expertise. Control variables are Firm Size and Leverage. The multiple regression model with relevant hypotheses are developed and studied at 10% level of significance. The study has found no significant impact of governance factors on reporting quality of the companies, but the control variables, Firm Size and Leverage have significant impact on the FRQ. Large companies generally try to maintain their reputation from all aspects. Hence, good reporting quality is not an exception. The debt covenants and issuer attention can add extra thought to the companies having debt to maintain good reporting quality. The future researchers of this field can combine both primary approaches through interviewing of accounting officials and traditional secondary approaches to understand the variation of reporting quality to a great extent.