International Journal of Disclosure and Governance最新文献_第3页

Innovation capital disclosure and independent directors: evidence from France 创新资本披露与独立董事：来自法国的证据

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-04-28 DOI: 10.1057/s41310-024-00241-8

Fathia Elleuch Lahyani, Salma Damak Ayadi

{"title":"Innovation capital disclosure and independent directors: evidence from France","authors":"Fathia Elleuch Lahyani, Salma Damak Ayadi","doi":"10.1057/s41310-024-00241-8","DOIUrl":"https://doi.org/10.1057/s41310-024-00241-8","url":null,"abstract":"This study aims to understand whether corporate governance mechanisms affect innovation capital disclosure (ICD) provided voluntarily on corporate websites by SBF 120 listed firms in France. The study tests multivariate models using pooled OLS, random effects, and generalized method of moments models. Firms use ICD as a useful, timely communication tool to highlight their innovation efforts. Our findings suggest that independent non-executive directors (INEDs) exhibit a conservative approach to the nature of innovation that requires extensive investigations with risky outcomes. They support discretion by limiting the extent of publicly disclosed information about research and development (R&D) progress, technological advances, and innovation output to protect the firms’ intellectual proprietary. INEDs seem to balance preserving firms’ competitive advantage and ensuring higher transparency levels to satisfy stakeholders’ needs. Additionally, board tenure moderates the relationship between INEDs and ICD. This study underscores the importance of the financial reporting of information about innovation capital that captures firms’ innovation capacities in a knowledge-based economy. It provides significant insights for management, policy-makers, and regulators who are involved in refining corporate reporting policies. This study is the first to examine the incentives of INEDs in influencing reporting practices related to a firm’s innovation investments, particularly in high-technology firms.","PeriodicalId":45050,"journal":{"name":"International Journal of Disclosure and Governance","volume":"25 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140809551","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Driving emissions reduction: the power of external sustainability assurance and internal governance committees 推动减排：外部可持续性保证和内部治理委员会的力量

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-04-17 DOI: 10.1057/s41310-024-00242-7

Ayman Issa

引用次数: 0

Annual report readability and earnings management of financial distressed firms: the moderating role of ownership concentration in India 年报可读性与陷入财务困境企业的盈利管理：印度所有权集中度的调节作用

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-04-09 DOI: 10.1057/s41310-024-00238-3

Sweta Tiwari, Chanchal Chatterjee

引用次数: 0

Earnings management and financial reports’ readability: moderating role of audit quality, cash holding, and ownership pattern 盈利管理与财务报告的可读性：审计质量、现金持有和所有权模式的调节作用

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-04-09 DOI: 10.1057/s41310-024-00239-2

Chanchal Chatterjee

{"title":"Earnings management and financial reports’ readability: moderating role of audit quality, cash holding, and ownership pattern","authors":"Chanchal Chatterjee","doi":"10.1057/s41310-024-00239-2","DOIUrl":"https://doi.org/10.1057/s41310-024-00239-2","url":null,"abstract":"The present study investigates how earnings management (EM) influences the readability of financial reports (readability) of top Indian firms. This study also examines whether cash holdings, audit quality, and ownership patterns moderate the relationship between EM and readability. To model this relationship, the study employs generalized methods of moments using 2184 management discussion and analysis (MDA) reports from 2017 to 2022. The paper examined earnings management under two different approaches: accrual-based [using Raman and Shahrur (Account Rev 83(4):1041–1081, 2008)] and real activity-based [using Lo et al. (J Account Econ 63:1–25, 2017)]. The study used the Gunning fog index to measure the readability of financial reports and the Smog index for robustness checks. The findings reveal that Indian firms that manage earnings publish complex MDA reports. Additionally, cash holdings, audit quality, and ownership patterns significantly moderate the relationship between EM and readability. Finally, findings show that COVID-19 pandemic has adversely affected the readability of financial reports. This study contributes to the limited number of studies in the global context, focusing on narrative accounting disclosures. On one hand, this study is the first of its kind performed in the Indian context, and on the other side, it contributes to the limited number of the literature in the global context focusing on the linguistic complexity of disclosures and its linkage with other relevant variables, especially ownership pattern, audit quality, and earnings management indicators.","PeriodicalId":45050,"journal":{"name":"International Journal of Disclosure and Governance","volume":"36 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140588207","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The effect of tournament incentives on environmental, social, and governance (ESG) performance 赛事激励对环境、社会和治理（ESG）绩效的影响

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-04-05 DOI: 10.1057/s41310-024-00236-5

Picheng Lee, Gary Kleinman, Asokan Anandarajan

{"title":"The effect of tournament incentives on environmental, social, and governance (ESG) performance","authors":"Picheng Lee, Gary Kleinman, Asokan Anandarajan","doi":"10.1057/s41310-024-00236-5","DOIUrl":"https://doi.org/10.1057/s41310-024-00236-5","url":null,"abstract":"The recent growth in the practice of incorporating environmental, social, and governance (“ESG”) metrics in executive compensation has been strongly encouraged. According to tournament theory, the disparity in compensation between the CEO and other executives fosters a constructive competitive environment among the executive team, potentially enhancing overall company performance. Prior research has shown mixed results between tournament incentives and corporate social responsibility performance in different countries. The current study revisits the relationship between tournament incentives and environmental, social, and governance (“ESG”) performance. Using 1258 firm-year observations in the U.S. from 2014 and 2016, and 421 firm-year observations in 2021, the central takeaway of this research is to provide evidence that a positive association between compensation packages derived from tournament incentives and ESG performance exists. Our research concludes that higher tournament incentives translate to enhanced environmental, social, and governance performance. Researchers and practitioners interested in the importance of incentive compensation design and achievement of ESG goals should be also interested in this study to better inform their future research and incentive package design.","PeriodicalId":45050,"journal":{"name":"International Journal of Disclosure and Governance","volume":"50 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-04-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140588094","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The mediating effect of governance on audit culture, quality and control issues 治理对审计文化、质量和控制问题的中介效应

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-03-17 DOI: 10.1057/s41310-024-00235-6

Khodor Shatila, Nirjhar Nigam, Cristiane Benetti

{"title":"The mediating effect of governance on audit culture, quality and control issues","authors":"Khodor Shatila, Nirjhar Nigam, Cristiane Benetti","doi":"10.1057/s41310-024-00235-6","DOIUrl":"https://doi.org/10.1057/s41310-024-00235-6","url":null,"abstract":"This study investigates whether governance acts as a mediating factor between audit culture, audit quality, and internal control aspects by examining the factors contributing to effective governance. This study uses a quantitative research design; we collect primary data using a structured survey questionnaire. The study was conducted on responses received for 350 respondents and analysed using structural equation models. The results indicate that governance leadership mediates the relationship between audit culture, internal control, and audit quality to some extent. By emphasizing the importance of governance for audit culture and quality, regulators can develop effective policies to promote high-quality audits and financial reporting. Indeed, governance acts as a guiding force in an organization’s culture. Think of it as the compass that sets the direction and promotes transparency, accountability, and ethical behavior, thereby fostering a strong audit culture. Internal control, on the other hand, encompasses the policies, procedures, and practices that protect assets, ensure accurate financial reporting, and comply with regulations. Governance structures provide the framework within which internal control operates, overseeing its functions and establishing mechanisms for accountability and reporting. The results of this research have important practical implications for accounting and audit firms and regulators.","PeriodicalId":45050,"journal":{"name":"International Journal of Disclosure and Governance","volume":"27 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140154497","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

What’s past is prologue: reminiscing research on environment social governance (ESG) disclosures 前事不忘后事之师：环境、社会和治理 (ESG) 信息披露研究回顾

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-03-05 DOI: 10.1057/s41310-024-00231-w

Muhammad Sani Khamisu, Achuta Ratna Paluri

{"title":"What’s past is prologue: reminiscing research on environment social governance (ESG) disclosures","authors":"Muhammad Sani Khamisu, Achuta Ratna Paluri","doi":"10.1057/s41310-024-00231-w","DOIUrl":"https://doi.org/10.1057/s41310-024-00231-w","url":null,"abstract":"Over recent years, researchers have contributed empirically and conceptually to environmental social and governance (ESG) disclosure research. This study aims to review and conduct a performance analysis with scientific mapping of significant contributors to ESG disclosure research. This review is a domain-based review that employs the bibliometric analysis technique. To holistically and comprehensively analyse past literature on ESG disclosure and address the research objectives, the study merged the data obtained from Scopus and Web of Science (WoS) databases. In doing this, the Preferred Reporting Items for Systematic Reviews and Meta-Analyses protocol was followed. The scientific production shows a traditional overlap between the two databases (Scopus and WoS), as about 28% of the articles were indexed in both databases. Analysis reveals that research on ESG disclosure is gradually evolving. A remarkable growth in publications from 2018 onwards was observed. Initial years of research on ESG disclosure centred around corporate governance and corporate disclosure, which gradually shifted to its impacts on sustainability. The present study identifies authors, institutions, countries, and journals with the highest contributions to ESG disclosure research. This study further highlights the field’s conceptual, intellectual, and social patterns. More importantly, this review suggests the scope for enquiries by future researchers. Few studies report the ESG disclosure phenomena. This study is unique as it analyses literature on ESG disclosure by combining and analysing results from two prominent databases, Scopus and WoS. This study explores key contributions to ESG disclosure research, highlights the knowledge foundation, and suggests scopes for future research. While analysing knowledge structures is significant to ongoing researchers, performance analysis of contributors will guide new researchers.","PeriodicalId":45050,"journal":{"name":"International Journal of Disclosure and Governance","volume":"3 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140034967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The impact of economic policy uncertainty on capital structure decisions: Does institutional ownership characteristics matter? 经济政策不确定性对资本结构决策的影响：机构所有权特征是否重要？

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-03-01 DOI: 10.1057/s41310-024-00230-x

引用次数: 0

Eleven years of integrated reporting: a bibliometric analysis 综合报告十一年：文献计量分析

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-02-27 DOI: 10.1057/s41310-024-00229-4

引用次数: 0

How the three lines of defense can contribute to public firms’ cybersecurity effectiveness 三道防线如何促进公共企业网络安全的有效性

IF 2.7

International Journal of Disclosure and Governance Pub Date : 2024-02-23 DOI: 10.1057/s41310-024-00226-7

{"title":"How the three lines of defense can contribute to public firms’ cybersecurity effectiveness","authors":"","doi":"10.1057/s41310-024-00226-7","DOIUrl":"https://doi.org/10.1057/s41310-024-00226-7","url":null,"abstract":"<h3>Abstract</h3> This interpretative field study examines how public firms deal with cybersecurity-related issues, emphasizing how the three lines of defense can contribute to cybersecurity effectiveness. Sixteen interviews were conducted with 18 participants, including 13 executives/senior managers in internal audit, information technology (IT), and information security (IS) in 13 different public firms. The many cybersecurity structures, processes, or relational mechanisms established by the three lines of defense in the participating organizations are identified. These governance mechanisms are used as a baseline for analyzing how teams in internal audit, IT, IS, cybersecurity, legal, finance, corporate communications, and environmental, social and governance (ESG) are engaged and collaborate in dealing with cybersecurity-related issues. This study entered into the “black box” to document how different organizational functions are involved in IT/IS governance mechanisms associated with cybersecurity. Findings can help board of directors and management reflect on the nature of cybersecurity activities that could be implemented to enhance cybersecurity effectiveness. Regulators may consider the issues raised by participants to clarify regulations about cybersecurity disclosure.","PeriodicalId":45050,"journal":{"name":"International Journal of Disclosure and Governance","volume":"70 1","pages":""},"PeriodicalIF":2.7,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139946056","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0