The research of GEM-listed companies' financing problems under the perspective of financial governance

2013 ◽  
Author(s):  
Lili Zhao
Keyword(s):  
Listed Companies ◽  
Financial Governance

scholarly journals Influence of Corporate Transparency Disclosures on Financial Performance of Listed Companies in East Africa

2018 ◽  
Vol 10 (1) ◽  
pp. 1 ◽  
Author(s):  
Boniface Muriithi Wanjau ◽  
Willy Mwangi Muturi ◽  
Patrick Ngumi
Keyword(s):  
Financial Performance ◽  
East Africa ◽  
Secondary Data ◽  
Listed Companies ◽  
Corporate Failure ◽  
Corporate Transparency ◽  
Financial Governance ◽  
Regression Diagnostic ◽  
Global And Local ◽  
Governance Transparency

With the decline in the financial performance of listed companies in East Africa and the rising trend of corporate failure in both global and local perspective. Stakeholders are increasingly becoming more concerned of the financial performance of their firms. This study aimed to find out whether corporate transparency disclosure can be used to address the decline in financial performance and corporate failures. Therefore, the current study sought to examine the influence of corporate transparency disclosure on financial performance among companies listed in East Africa. Specifically, the study sought to examine the influence of financial transparency, risk transparency, social transparency and governance transparency on financial performance of companies listed in East Africa. The study adopted both descriptive and correlation design. Purposive sampling was used to select the 65 listed companies in Nairobi securities exchange in Kenya, 16 companies quoted in Uganda securities exchange, 7 companies which are quoted in Rwanda Securities Exchange as well as 24 companies listed in Daresalaam securities exchange from 2006 to 2015. Secondary data was collected through the use of document check index retrieved from annual audited financial statements. Regression diagnostic and panel data diagnostic tests were carried out. Results of the study revealed that there was a positive and significant relationship between financial, governance, risk, social transparency and financial performance of listed companies in East Africa.

scholarly journals Internal Control, Financial Governance and Corporate Strategic Objectives Achievement

2019 ◽  
Vol 8 (3) ◽  
pp. 157
Author(s):  
Yu Lu ◽  
Han Zhan ◽  
Shiyu Xiao
Keyword(s):  
Internal Control ◽  
Listed Companies ◽  
Technology Leadership ◽  
Stock Exchanges ◽  
Strategic Objectives ◽  
Corporate Strategies ◽  
Leadership Strategy ◽  
Financial Governance ◽  
The Impact ◽  
Cost Leadership Strategy

From the perspective of financial governance, this paper analyzes the impact of internal control on the achievement degree of corporate strategic objectives and the influence path, taking the A-share listed companies from 2014 to 2016 in Shanghai and Shenzhen Stock Exchanges as samples. The empirical analysis results show that there is a significant positive correlation between internal control and the achievement degree of corporate strategic objectives, and that financial governance mediates the correlation between internal control and the achievement degree of corporate strategic objectives. Further research shows that among various types of corporate strategies, cost leadership strategy and market share strategy are significantly and positively affected by internal control. However, technology leadership strategy is not affected by internal control. The paper also found that there is no significant correlation between internal control and strategy differentiation. These conclusions have a certain significance for listed companies to improve internal control, conduct financial governance and achieve their strategic objectives. 

Comprehensive Income: which potential effects on firms' performance evaluation and users' decision process?

2016 ◽  
pp. 55-94
Author(s):  
Pier Luigi Marchini ◽  
Carlotta D'Este
Keyword(s):  
Performance Evaluation ◽  
Decision Process ◽  
Financial Analysts ◽  
Listed Companies ◽  
Financial Statement ◽  
Comprehensive Income ◽  
Other Comprehensive Income ◽  
Gains And Losses ◽  
The Impact

The reporting of comprehensive income is becoming increasingly important. After the introduction of Other Comprehensive Income (OCI) reporting, as required by the 2007 IAS 1-revised, the IASB is currently seeking inputs from investors on the usefulness of unrealized gains and losses and on the role of comprehensive income. This circumstance is of particular relevance in code law countries, as local pre-IFRS accounting models influence financial statement preparers and users. This study aims at investigating the role played by unrealized gains and losses reporting on users' decision process, by examining the impact of OCI on the Italian listed companies RoE ratio and by surveying a sample of financial analysts, also content analysing their formal reports. The results show that the reporting of comprehensive income does not affect the financial statement users' decision process, although it statistically affects Italian listed entities' performance.

The Severity of Internal Controls over Financial Reporting Deficiencies: Differences among Types and Industries

2014 ◽  
pp. 55-77
Author(s):  
Tatiana Mazza ◽  
Stefano Azzali
Keyword(s):  
Information Technology ◽  
Financial Reporting ◽  
Internal Control ◽  
Service Industry ◽  
Listed Companies ◽  
Internal Controls ◽  
Service Companies ◽  
Finance Industry ◽  
Material Weaknesses ◽  
Fixed Assets

This study analyzes the severity of Internal Control over Financial Reporting deficiencies (Deficiencies, Significant Deficiencies and Material Weaknesses) in a sample of Italian listed companies, in the period 2007- 2012. Using proprietary data the severity of the deficiencies is tested for account-specific, entity level and information technology controls and for industries (manufacturing and services vs finance industries). The results on ICD severity is compared with one of the most frequent ICD (Acc_Period End/Accounting Policies): for account-specific, ICD in revenues, purchase, fixed assets and intangible, loans and insurance are more severe while ICD in Inventory are less severe. Differences in ICD severity have been found in the characteristic account: ICD in loan and insurance for finance industry and ICD in revenue, purchase for manufacturing and service industry are more severe. Finally, we found that ICD in entity level and information technology controls are less severe than account specific ICD in all industries. However, the results on entity level and information technology deficiencies could also mean that the importance of these types of control are under-evaluated by the manufacturing and service companies.

Promote Good Governance in Public Financial: The Practice of Local Budget (APBD) Transparency Through Open Data Jakarta in Jakarta Provincial Government

2019 ◽  
Vol 15 (1) ◽  
Author(s):  
Dodi Faedlulloh ◽  
Fetty Wiyani
Keyword(s):  
Public Finance ◽  
Good Governance ◽  
Open Data ◽  
Public Trust ◽  
Provincial Government ◽  
Financial Governance ◽  
One Stop ◽  
Data Portal ◽  
Data Transparency ◽  
Local Budget

This paper aimed to explain public financial governance based on good governance implementation in Jakarta Provincial Government. This paper specifically discussed towards transparancy implementation of local budget (APBD) through open data portal that publishes budget data to public. In general, financial transparency through open data has met Transparency 2.0 standards, namely the existence of encompassing, one-stop, one-click budget accountability and accessibility. But there are indeed some shortcomings that are still a concern in order to continue to maintain commitment to the principle of transparency, namely by updating data through consistent data visualization.Transparency of public finance needs to continue to be developed and improved through various innovations to maintain public trust in the government.Keywords: Public Finance, Open Data, Transparency

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