• 제목/요약/키워드: Disclosures

검색결과 82건 처리시간 0.026초

Testing the Information Content of Sustainability Reports for Telecommunications Companies in the Kingdom of Saudi Arabia

  • DIFALLA, Samhi Abdelaty;BELOUADAH, Fateh
    • The Journal of Asian Finance, Economics and Business
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    • 제9권10호
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    • pp.137-145
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    • 2022
  • This study aims to test the information content of sustainability reports issued by the most significant telecommunications companies operating in the Kingdom of Saudi Arabia (Stc, Zain, and Mobily), and their compatibility with the national sustainability standards issued by the Ministry of Commerce in the Kingdom of Saudi Arabia in light of the Kingdom's vision 2030, and its impact on the stock exchange indices of these companies. The event study methodology was used to study the impact of publishing sustainability reports on stock prices and the trading volume of these companies' shares in the Saudi stock market during the period from (October 2020 to March 2021). The results indicate a significant impact of the information contained in the sustainability reports on stock prices and trading volume in the stock market, and the importance of directing the company's management towards more disclosure of information about sustainability in its environmental, social, and economic aspects instead of focusing only on information related to the financial performance and economic activity of the company. This encourages the listed companies to disclose the sustainability of the financial reports and standardize the form in which these disclosures are prepared.

Environmental Performance and Environmental Disclosure: The Role of Financial Performance

  • IFADA, Luluk Muhimatul;INDRIASTUTI, Maya;IBRANI, Ewing Yuvisa;SETIAWANTA, Yulita
    • The Journal of Asian Finance, Economics and Business
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    • 제8권4호
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    • pp.349-362
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    • 2021
  • This study aims to examine the effect of environmental performance, independent board of commissioners, and firm size on environmental disclosure measured by the Indonesian environmental index. The population in this study is manufacturing and coal mining companies that follow "PROPER" and are listed on the Indonesia Stock Exchange (IDX) from 2017 to 2019. This research was conducted by reviewing annual reports to collect information on environmental disclosures. The sampling used in this study was purposive sampling technique and obtained a sample of 117. Also, the data analysis technique used was multiple linear regression analysis with statistical hypothesis testing. The results showed that environmental performance and firm size had a positive effect on financial performance. Meanwhile, the independent board of commissioners does not affect financial performance. Furthermore, environmental performance, firm size, and financial performance have a positive effect on environmental disclosure. While the independent board of commissioners does not affect environmental disclosure. The findings of this research suggest that environmental performance has a significant positive effect on financial performance. The hypothesis is accepted, meaning that companies that are sensitive to environmental problems and run eco-efficiency operations will strengthen the company's profitability.

Relationship Between Corporate Social Responsibility Expenditures and Performance in Jordanian Commercial Banks

  • BANI-KHALED, Sakhr M.;EL-DALABEEH, Abdel Rahman K.;AL-OLIMAT, Nofan H.;AL SHBAIL, Mohannad O.
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.539-549
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    • 2021
  • This study aims to examine the relationship between corporate social responsibility (CSR) expenditures and both financial and non-financial performance of Jordanian commercial banks during the period 2008-2018. To measure the variables of interest, secondary data published on Amman Stock Exchange (ASE) website were processed to become preliminary data suitable for the nature of the study. The study sample amounted to 13 commercial banks, which represent all Jordanian commercial banks listed on ASE.. The study found that there is a positive, statistically significant relationship between CSR expenditures and financial performance, as the study showed that the return on equity (ROE) has a positive and significant relationship with CSR expenditure, while the return on assets (ROA) and Tobin's Q model have a statistically significant negative relationship with CSR expenditure, while the market stock price (MSP) had a positive, but not statistically significant. The study also found that there is a positive, statistically significant relationship between CSR expenditures and non-financial performance, which was represented by total deposits and total training expenditures in Jordanian commercial banks. Accordingly, the study recommends encouraging banks to prepare sustainability reports and CSR reports, which are considered comprehensive, and not only with disclosures within the annual reports.

The Effects of Shareholders' Rights, Disclosures, and Transparency on Firm Value

  • SUMATRIANI, Sumatriani;PAGULUNG, Gagaring;SAID, Darwis;PONTOH, Grace T.;JAMALUDDIN, Jamaluddin
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.383-390
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    • 2021
  • This study investigates the effect of shareholders' rights, disclosure, and transparency on firm value. This study also investigates whether corporate social responsibility (CSR) is pure moderation or quasi moderation in the effect of shareholders' rights, disclosure, and transparency on firm value. This study's novelty is building a model framework to increase firm value and the role of CSR in increasing firm value. This study used secondary data provided by Indonesia, Malaysia, and Thailand Stock Exchanges. The sample of this study is 142 companies with four years of observations from 2012-2015. Firm value is measured by Tobin's Q. While shareholder's rights, disclosure, and transparency are measured using the ASEAN scorecard. The analysis method used in this study is a fixed effect model using a panel data approach. The result of this study shows that shareholders' rights have a significant positive effect on firm value. However, disclosure and transparency do not affect firm value significantly. In comparison, the CSR disclosure has a moderation effect on the relationship between shareholders' rights and firm value. The CSR disclosure does not have a moderation effect on the relationship between disclosure and transparency and firm value.

Determinants of Human Resource Accounting Disclosures: Empirical Evidence from Vietnamese Listed Companies

  • PHAM, Duc Hieu;CHU, Thi Huyen;NGUYEN, Thi Minh Giang;NGUYEN, Thi Hong Lam;NGUYEN, Thi Nhinh
    • The Journal of Asian Finance, Economics and Business
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    • 제8권7호
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    • pp.129-137
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    • 2021
  • This paper aims to analyze whether company characteristics are potential determinants of human resource accounting (HRA) disclosure practices by Vietnamese listed companies. It examines the human resource disclosure level of 204 companies by content analysis of these companies' annual reports. The study has relied on a multiple linear regression to test the association between a number of corporate attributes and the extent of human resource disclosure in companies' annual reports. The extent of human resource disclosure was measured using unweighted human resource disclosure index. The explanatory variables considered in this study were firm size, firm age, profitability, leverage, industry profile, and auditor type. The results revealed that the most influential variable for explaining firms' variation in human resource disclosure is firm size followed by firm age and profitability. Thus, it can be concluded that firm size, firm age and profitability are major predictors that may affect the variety of HRA disclosure practices on firms listed in the Vietnam Stock Exchange. However, neither industry profile nor auditor type seems to explain differences in human resource disclosure practices between Vietnamese listed firms, indicating that company's industry profile and auditor type are not a matter for the company to disclose HRA information.

스마트폰 위치정보에 대한 안전한 접근제어 시스템 개발 (Development of Secure Access Control System for Location Information on Smart Phone)

  • 장원준;이형우
    • 정보보호학회논문지
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    • 제21권2호
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    • pp.139-147
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    • 2011
  • 스마트폰에서 제공되는 위치정보 서비스를 이용하면 사용자는 편리하고 다양한 고부가가치 응용 프로그램을 사용할 수 있다. 하지만 스마트폰을 통해 제공되는 개인의 위치정보 서비스는 오히려 프라이버시 침해 문제를 야기할 수 있다. 따라서 스마트폰 위치정보는 각 개인이 자신의 위치 정보에 대한 접근허가 대상자 등을 직접 제어/관리할 수 있어야 한다. 본 연구에서는 스마트폰에서 OTP 기반 인증 메커니즘을 적용하고 사용자 스스로 개인 위치정보를 접근 제어할 수 있는 프로토콜을 구현하였고 이를 통해 개인 위치정보를 보다 안전하게 관리할 수 있는 시스템을 개발하였다.

부산 지방자치단체의 기록물 공개관리에 관한 연구 (A Study on Records Disclosure Management of Local Governments in Busan)

  • 윤연화;이은주
    • 한국기록관리학회지
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    • 제21권1호
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    • pp.57-73
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    • 2021
  • 본 연구의 목적은 기록물 공개관리의 개념과 세부업무에 대해 이해하고, 관련 업무가 어떻게 수행되고 있는지를 업무 담당자 관점에서 살펴봄으로써 기록물 공개관리와 관련한 시야를 넓히고 효율적으로 공개관리 업무를 수행하기 위한 개선방안을 마련하는데 있다. 이를 위해 본 연구에서는 문헌조사, 설문조사, 심층면담을 통해 필요한 데이터를 수집하였다. 데이터 수집을 위해 부산 지방자치단체 중 7개 기관의 기록관리 전문요원을 대상으로 기록관의 기록물 공개관리 현황에 대한 심층면담을 진행하였다. 또한 그 중 4개 기관의 처리과 업무담당자 총 40명을 대상으로 설문조사를 진행하여 처리과의 기록물 공개관리 현황을 조사하였다. 이러한 조사를 통하여, 처리과와 기록관에서 수행 중인 일련의 공개관리 업무의 현황과 그 속에서의 문제점을 밝혀내고, 지방자치단체 내에서의 자구적인 노력과 더불어 국가기록원의 실질적인 업무지원을 제안하였다.

Effect of Intangible Assets on the Value Relevance of Accounting Information: Evidence from Emerging Markets

  • AL-ANI, Mawih Kareem;TAWFIK, Omar Ikbal
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.387-399
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    • 2021
  • This study mainly aims to examine the effect of intangible assets on the value relevance of the Gulf Cooperation Council (GCC)-listed non-financial firms. This study tested three types of models by using a large sample of non-financial firms listed in GCC countries as emerging markets from 2008 to 2016. The types of models are accounting information (earnings per share and book value of share) without intangible assets model, intangible assets model, and accounting information (earnings per share and book value of share) with intangible assets model. Ordinary least square (OLS) shows mixed results as intangible assets improve the value relevance of accounting information positively in UAE and negatively in Kuwait but not in other countries. The study documents a robust positive relationship between intangible assets and earnings quality in terms of value relevance in KSA and Qatar. The findings provide implications for policymakers, investors, and managers. The results suggest that intangible assets can improve the value relevance in emerging markets, such as GCC, as the need to organize the requirements of information disclosures on intangible assets and provide great transparency and additional disclosure of information about intangible assets and their components.

Tax Avoidance and the Readability of Financial Statements: Empirical Evidence from Indonesia

  • PRATAMA, Bima Yoga;NARSA, Niluh Putu Dian Rosalina Handayani;PRANANJAYA, Kadek Pranetha
    • The Journal of Asian Finance, Economics and Business
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    • 제9권2호
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    • pp.103-112
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    • 2022
  • This study aims to obtain empirical evidence regarding the link between tax avoidance (TA) and the readability of financial statements. This is a quantitative research using Ordinary Least Squares regression analysis which is then processed using STATA 14.0. A total of 278 companies listed on the Indonesia Stock Exchange during the period 2017-2019 is the data of this study. In detecting TA in a company, this study uses the ETR and CashETR and for the measurement of financial statement readability, this study uses gunning fog index and length of the document. The findings of this study suggest that tax avoidance and clear financial statements are mutually exclusive in the sense that when tax avoidance is practiced, companies will tend to conceal the information conveyed by financial statements. In other words, it is concluded that the more a company engages in tax avoidance, the lower the readability of the company's financial statements. This study provides in-depth evidence that tax avoidance is indirectly related to the disclosure of information by the company. Users of financial statements will realize that the company seeks to make disclosures that are in their best interests to avoid their tax avoidance strategy being detected.

비재무적 정보와 감사수준 : 경영진단의견서(MD&A) 공시품질에 관한 연구 (Nonfinancial Information and Audit Efforts: Evidence from Management Discussion and Analysis (MD&A) Quality)

  • 박하연;박청규
    • 품질경영학회지
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    • 제50권4호
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    • pp.735-749
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    • 2022
  • Purpose: The purpose of this study is to investigate whether the Management Discussion and Analysis (MD&A) has an impact on auditors' audit efforts. MD&A is a means of disclosure that provides information about a company from the management's perspective in financial reporting. The MD&A is a standardized format of nonfinancial information that can be useful for the stake-holders. The auditors have incentives to utilize the nonfinancial information contained in the MD&A for their decision-making. We posit that the MD&A disclosure quality is associated with the level of audit efforts. Methods: We hand-collect the disclosure data from the Financial Supervisory Service of Korea (the Korean SEC). Results: By employing two measures of audit efforts, we document evidence that the quality of MD&A is associated with both audit hours and audit fees. Conclusion: It implies that the auditors perform intensive audit work for companies with high-quality disclosure of MD&A. The study contributes to the literature by providing the first approach to examine the association between the MD&A disclosure and audit efforts.