Timeliness of Annual Reports, Management Disclosure and Information Transparency -Evidence From China

The Impact of Corporate Governance and Sustainability Reporting on Integrated Reporting: A Conceptual Framework

SAGE Open ◽

10.1177/2158244020927431 ◽

2020 ◽

Vol 10 (2) ◽

pp. 215824402092743 ◽

Cited By ~ 2

Author(s):

Salaheldin Hamad ◽

Muhammad Umar Draz ◽

Fong-Woon Lai

Keyword(s):

Corporate Governance ◽

Conceptual Framework ◽

Sustainability Reporting ◽

Research Area ◽

Annual Reports ◽

Integrated Reporting ◽

Information Transparency ◽

Corporate Reporting ◽

Corporate Governance Mechanisms ◽

The Impact

Integrated Reporting (IR) is a relatively new concept that is considered one of the most recent trends in corporate reporting; it is still an emerging research area in different parts of the world. Malaysia is an appropriate emerging economy to investigate IR adoption. Large Malaysian public listed companies (PLCs) are encouraged by the Malaysian Code on Corporate Governance (MCCG) of 2017 to adopt IR based on the international IR framework. By combining the stakeholder theory and the agency theory, this article proposes a conceptual framework to explore the moderating effect of sustainability reporting on the relationship between corporate governance mechanisms and IR disclosure level for the Malaysian PLCs. To obtain the data related to IR and the other variables, the study suggests using a content analysis method on the annual reports of the top 100 Malaysian PLCs based on their market capitalization. The proposed conceptual framework could be very useful; it can assist PLCs having sustainability practices to adopt the IR framework, reduce information asymmetries, increase information transparency, and create value. This study contributes to the literature by investigating the IR practices and their determinants in Malaysia after the introduction of MCCG 2017.

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Institutional ownership, audit committee and risk disclosure – Evidence from Australian stock market

Corporate Board role duties and composition ◽

10.22495/cbv9i3art6 ◽

2013 ◽

Vol 9 (3) ◽

pp. 66-81 ◽

Cited By ~ 1

Author(s):

XuanXuan Zhang ◽

Dennis Taylor ◽

Victoria Wise ◽

Wen Qu

Keyword(s):

Audit Committee ◽

Positive Relationship ◽

Institutional Ownership ◽

Audit Committees ◽

Annual Reports ◽

Risk Disclosure ◽

Positive Role ◽

Information Transparency ◽

High Resource ◽

Risk Disclosures

This study investigates the influence of institutional ownership and audit committees corporate risk disclosures. Focusing on analysing firms’ risk disclosures make in their 2009 annual reports, our sample constitutes a sample of 66 Australian listed firms. We divide institutional shareholders into dedicated-type institutional block shareholders and transient-type institutional block shareholders. We find that while there is no significant relationship between dedicated-type institutional block shareholders and risk disclosure, there is a positive relationship between transient-type institutional block shareholders and risk disclosures. Our result is consistent with a principal that wields limited monitoring resources while achieving high resource dependency over management. We also find a significant and positive relationship between audit committee independence and risk disclosures, showing the positive role played by audit committee in improving the information transparency and reducing information asymmetry in capital market.

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The relationship between annual and sustainability, environmental and social reports

Corporate Ownership and Control ◽

10.22495/cocv13i1c9p2 ◽

2015 ◽

Vol 13 (1) ◽

pp. 979-993 ◽

Cited By ~ 6

Author(s):

Cristian Carini ◽

Elisa Chiaf

Keyword(s):

Social Impact ◽

Annual Report ◽

Annual Reports ◽

Integrated Reporting ◽

Information Transparency ◽

First Response ◽

Petroleum Companies ◽

Sustainability Reports ◽

Social Environmental ◽

The Relationship

This paper is based on the consideration that information transparency and accountability are not only related to the increase of spread information but also to the improvement of the organizational clarity with which the information is conveyed through the periodic reports. The development of an effective communicative behaviour is linked to a good use of the periodical reports – the narrative section of the annual report and social, environmental and sustainability reports – with reference to their adequate completeness and integration. Empirical research emphasizes the importance of information increase, e.g. information on products, processes, strategies, risks, social-environmental impacts, intangibles assets, and so on. As to this, in the last years focused reports on specific subjects have increasingly been made public: in this, social, environmental and sustainability reports (SES) have played a very important role. At the same time, content of the annual report has been extended by the introduction of disclosure about social and environmental issues. In such a context, scarce attention was paid to the different reports’ integration and to the possibility that there could be information repetition. More disclosure could be positive for the reduction of information asymmetry but lack of integration of reports and information redundancy could reduce transparency, without being useful for the readers’ knowledge. By means of a disclosure-scoring system, the aim of this paper is the analysis of the relationship between the content of the annual reports and of the SES reports. To quantify the degree of reports’ completeness and integration a disclosure index has been established. Reports of year 2014 have been analysed. To better understand the companies’ communicative behaviour a specific industry is selected. Extractive petroleum companies are analysed because of their relevant environmental and social impact. In addition to this, previous researches demonstrate that petroleum companies have transparent communication behaviour. Finally, there are specific guidelines for their SES reports’ drafting. The analysis will allow the identification of some communication models and will provide possible response in order to combine the need for more information with the communication tools’ integration. This study could also be a first response to evaluate the potentialities and criticalities of the adoption of the integrated reporting.

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