• 제목/요약/키워드: Increased Disclosure

검색결과 77건 처리시간 0.035초

The Impact of Disclosure Quality on Firm Performance: Empirical Evidence from Indonesia

  • QIZAM, Ibnu
    • The Journal of Asian Finance, Economics and Business
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    • 제8권4호
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    • pp.751-762
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    • 2021
  • This study aims to examine whether an increased disclosure has a positive impact on firm performance and whether the opposite impact of increased disclosure on firm performance can occur in certain conditions - high proprietary information and competition. The sample for this study consists of Indonesian firms listed on the Indonesia Stock Exchange (IDX). The data were selected based on purposive sampling and panel data spanned eleven years (2006-2016). A panel GLS regression using moderated regression analysis (MRA) was adopted. The results of this study reveal that an increased disclosure has a positive effect on firm performance, but an increased disclosure has a negative impact on firm performance when proprietary information is high, and vice versa. Also, if the disclosure is increased, the negative impact of proprietary information on firm performance will get exacerbated in conditions where the competition level is high. The findings of this study suggest that, since the positive effect of continuously-increased disclosure on firm performance leads to the reversal (negative) impact when certain conditions occur (high proprietary information and competition), the level of disclosure quality is most likely to tap an 'optimal' point. In this regard, however, a broader investigation of all firms across countries still needs to be conducted.

고등학생의 자기애, 정서적 자기개방이 우울과 행복감에 미치는 영향 (The Influences of Narcissism and Emotional Self-Disclosure on the Depression and Happiness Levels of High School Students)

  • 박영아
    • 아동학회지
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    • 제35권6호
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    • pp.79-92
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    • 2014
  • This study investigates the influences of narcissism and emotional self-disclosure on depression and happiness levels of high school students. The participants comprised of 334 high school 1st-graders. The results indicated that: (1) Girls showed higher levels of both narcissism and emotional self-disclosure than boys, but there was no gender difference evident in the levels of depression and happiness. (2) The more the students felt depressed, the less they experienced happiness. Additionally, the more the students disclosed emotionally about themselves, the less they experienced depression. (3) High levels of narcissism and low levels of emotional self-disclosure increased depression, but the interactional effect between narcissism and emotional self-disclosure on depression was not statistically significant for either gender. Moreover, low levels of narcissism and high levels of emotional self-disclosure tended to see increased levels of happiness for both genders, however the interactional effect between narcissism and emotional self-disclosure on happiness was statistically significant only for boys. That is, for boys, the negative effects of narcissism on happiness can be reduced if the level of emotional self-disclosure is high.

5% Rule Disclosure and Stock Trading Volume : Evidence from Korea

  • KIM, Eung-Gil;KIM, Sook-Min
    • The Journal of Asian Finance, Economics and Business
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    • 제6권4호
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    • pp.297-307
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    • 2019
  • Despite the fact that the implementation of 5% rule is widely recognized to enhance the transparency of capital market and fairness of corporate governance market, a few evidences present information effect of 5% rule. Using 7,088 non-financial firm-year observations listed on the Korea Stock Exchange from 2006 to 2012, we analyze the relation between trading volume and 5% rule disclosure. The results show that the daily and abnormal trading volume is increased when 5% rule disclosure is released. Moreover, the trading volume is significantly increased during cooling period. Specifically, trading volume is significantly greater when one day before cooling period or the expiration day of cooling period. We also find the information effect of firms with stable ownership structure before 5% rule disclosure is relatively smaller than the firms with unstable ownership structure with unstable ownership structure. These results imply that capital market participants use the information from 5% rule disclosure and reflect in their real economic decision.

Voluntary Disclosure, Financial Reporting Quality and Asymmetry Information

  • SUHARSONO, Riyanto Setiawan;NIRWANTO, Nazief;ZUHROH, Diana
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.1185-1194
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    • 2020
  • This study aims to test Voluntary Disclosure, Quality of Financial Reporting and Information Asymmetry as Moderation Variables. The Voluntary Disclosure variable is calculated using the Index Disclosure. This research uses quantitative methods and uses partial least square with EViews data analysis. The research sample consisted of 225 manufacturing companies listed on the Indonesian stock exchange for the period 2016-2018. The results of the study state that voluntary disclosure has a positive and significant effect on the quality of financial reporting through asymmetric information. The relationship between voluntary disclosure and asymmetric information has a negative effect on the quality of financial reporting, states that the disclosure of voluntary reports to companies can prevent information asymmetry, as well as the relationship of voluntary disclosure to information asymmetry states that companies that make voluntary disclosure will increase the interest of investors and other stakeholders. The quality of financial reporting states that if there is information asymmetry, the quality of financial reporting will also decline. The low value of relevance will affect the level of large or small information gaps between management and investors. The quality of financial reporting with increased relevance means that asymmetric information will have a negative impact on financial reporting.

The Effects of Chatbot Anthropomorphism and Self-disclosure on Mobile Fashion Consumers' Intention to Use Chatbot Services

  • Kim, Minji;Park, Jiyeon;Lee, MiYoung
    • 패션비즈니스
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    • 제25권6호
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    • pp.119-130
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    • 2021
  • This study investigated the effects of the chatbot's level of anthropomorphism - closeness to the human form - and its self-disclosure - delivery of emotional exchange with the chatbot through its facial expressions and chatting message on the user's intention to accept the service. A 2 (anthropomorphism: High vs. Low) × 2 (self-disclosure through facial expressions: High vs. Low) × 2 (self-disclosure through conversation: High vs. Low) between-subject factorial design was employed for this study. An online survey was conducted and a total of 234 questionnaires were used in the analysis. The results showed that consumers used chatbot service more when emotions were disclosed through facial expressions, than when it disclosed fewer facial expressions. There was statistically significant interaction effect, indicating the relationship between chatbot's self-disclosure through facial expression and the consumers' intention to use chatbot service differs depending on the extent of anthropomorphism. In the case of "robot chatbots" with low anthropomorphism levels, there was no difference in intention to use chatbot service depending on the level of self-disclosure through facial expression. When the "human-like chatbot" with high anthropomorphism levels discloses itself more through facial expressions, consumer's intention to use the chatbot service increased much more than when the human-like chatbot disclosed fewer facial expressions. The findings suggest that chatbots' self-disclosure plays an important role in the formation of consumer perception.

[Retracted]Relationship between Corporate Governance and Risk Disclosure: A Systematic Literature Review Using R-Tools

  • Ag Kaifah Riyard, KIFLEE;Nornajihah Nadia, HASBULLAH;Suddin, LADA;Faerozh, MADLI
    • The Journal of Asian Finance, Economics and Business
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    • 제10권2호
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    • pp.355-365
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    • 2023
  • This study examined the relationship between corporate governance and risk disclosure via a systematic literature review and bibliometric visualization analysis. The study aimed to present evidence of risk disclosure intellectual structure, volume, and development knowledge trends. Data was extracted from Scopus and analyzed with Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines and RTools. In turn, 64 articles were extracted from the Scopus database. The results demonstrated that the number of corporate governance and risk disclosure publications increased significantly from 2015 to 2019 compared to before 2015. RTools revealed the most prominent journals, authors, and interests in the field. The co-occurrences map was constructed based on 208 keywords from 64 articles, where the keywords were required to appear once in the research. Interestingly, the keyword search yielded new concepts relatively unexplored in the risk disclosure field. The 13 clusters were generated, which contained 1987 total links and 1567 direct citations. Based on the scientific analysis discussion, corporate governance and risk disclosure is an interesting topic that has produced many publications. Applying research keywords arguably aided in producing and publishing papers in top journals. Despite the number of publications decreasing due to the COVID-19 pandemic, the pandemic also presented new opportunities for future research.

항공안전투자 공시제도 현황 분석 및 향후 발전 방안 연구 (Analyzing the Public Disclosure of Aviation Safety Investment System and Studying Future Development Strategies)

  • 남승주;이엘리사;송운경
    • 한국항공운항학회지
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    • 제32권2호
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    • pp.72-81
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    • 2024
  • Korean aviation authority required air service providers to submit public disclosure of aviation safety investment to encourage proactive and voluntary safety investments. In 2023, two airport operators and seventeen airlines disclosed their safety investment results and plans for the first time. This study aims to examine and analyze the current status of the disclosure system, identify insights for its development, and set directions for the future. Safety investments by airport operators decreased by 14.3% in 2022 compared to 2021 due to decreased aviation demand. Airline increased their safety investment by 46% to 4 trillion won, investing heavily in MRO and aircraft replacement, leading to a decrease in the average fleet age by 0.8 years. FSCs have shown a significantly higher level of safety investment compared to LCCs. However, LCCs show higher safety investment relative to revenue. It is necessary to consider the characteristics of each operator as well as the scale when comparing safety investments. A roadmap is suggested based on the importance of disclosure items for the strategic approach and improvement measures for the aviation safety investment disclosure system.

모바일 인스턴트 메신저 상황에서 소속감, 외로움이 자기노출 행동에 미치는 영향: 시스템 품질의 조절효과를 중심으로 (The Effects of Belongingness and Loneliness on Self-Disclosure in MIM: The Moderating Role of System Quality)

  • 정보희;김한구
    • 유통과학연구
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    • 제14권9호
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    • pp.85-94
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    • 2016
  • Purpose - Recently, Mobile technologies and devices including smart phones and tablets have increased the possibility of communicating with other people and sharing personal information without time and space restriction. In order to realize the market potential related to mobile technologies, a large number of internet services have been incorporated into mobile platforms. Especially, The number of MIM(Mobile Instant Messenger) users has been increasing dramatically and services using MIM platform also have diversified. In spite of drastic growth in markets related to MIM, there is little empirical research on MIM and users' behaviors. This study designed to examine the structural relationships among belongingness, loneliness, self-disclosure intention, system quality, and self-disclosure behavior in context of MIM. Research design, data, and methodology - Three hypotheses were about the relationship among belongingness, loneliness and self-disclosure intention. The other two hypotheses were about the moderating effect of system quality in the causal relationship between self-disclosure intention and self-disclosure behavior. The data was analyzed by structural equation modeling. Research data were obtained from 330 undergraduate students who were KakaoTalk users and total 314 valid questionnaires were used in the final analysis. Results - The results from this study are as follow. First, the belongingness and the loneliness had a significant impact on self-disclosure intention in MIM. Second, the self-disclosure intention in MIM also had a positive impact on the self-disclosure behavior. Lastly, there is a moderating effect of the system quality in the relationship between the self-disclosure intention and self-disclosure behavior in MIM. Specifically, the higher system quality level was perceived, the positive effect of the self-disclosure intention in MIM on the self-disclosure behavior was greater. Conclusions - Based on the results from this study, academic and practical implications can be drawn. First, the study extends the scope of research about SNS through focusing on MIM to be classified by closed type SNS and identifies the relationship between emotion, behavioral intention and behaviors in MIM. Second, this study provides strategic guidelines to increase the efficiency for promotion activity. Limitations for the study also should be discussed.

원문정보공개 서비스에서의 개인정보 보호 실태 (The Status of Personal Information Protection for Original Text Information Disclosure Service)

  • 안혜미
    • 한국기록관리학회지
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    • 제19권2호
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    • pp.147-172
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    • 2019
  • 원문정보공개 서비스가 제공되면서 원문정보의 공개를 결정하는 데에 소모되는 시간이 매우 짧아지고 원문정보공개 건수는 크게 증가하였다. 공공기관에서는 개인정보 노출의 위험성 또한 높아졌다. 본 연구에서는 원문정보공개 서비스에서의 개인정보 보호 실태를 알아보고 개인정보 노출 원인을 분석하여 개선방안을 제안하였다. 실태 조사 결과는 다음과 같다. 첫째, 수집한 원문정보 중 13%의 원문정보가 비공개 대상정보인 개인정보를 포함하고 있었다. 둘째, 비공개 대상정보인 개인정보가 포함된 원문정보 중 공무원의 개인정보가 포함된 원문정보가 가장 많은 비중을 차지했다. 특히 휴가 병가에 관한 기록물이 많았다. 셋째, 계약업무를 주로 다루는 기관에서는 대표자 개인에 관한 정보가 노출되는 사례가 많았다. 넷째, 개인정보 필터링에 감지되지 않는 개인정보가 많았다. 개인정보 노출 원인을 분석하여 제안한 개선방안은 다음과 같다. 첫째, 개인정보 보호지침을 재설계해야 한다. 둘째, 원문정보의 공개 비공개를 결정하는 업무담당자의 교육을 강화해야 한다. 셋째, 정부의 양적 실적 위주의 과도한 정보공개정책을 완화해야 한다. 넷째, 원문정보공개 시스템의 개인정보 필터링 기능을 개선해야 한다.

마이크로 블로그 사용자의 자기노출에 영향을 미치는 요인에 관한 연구 (Explicating Factors explaining Self-Disclosure in the Usage of Micro-blog)

  • 이성준;김용원;이봉규
    • 인터넷정보학회논문지
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    • 제12권5호
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    • pp.127-136
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    • 2011
  • 본 논문의 목적은 마이크로 블로그를 사용함에 있어서 자발적인 자기 노출에 영향을 주는 요인을 살펴보는데 있다. 마이크로 블로그 사용이 폭발적으로 증가하고 있는 상황에서, 자신의 정보를 자발적으로 노출하는 사람들에 대한 연구는 아직도 부족한 실정이다. 이러한 측면에서 본 연구는 마이크로 블로그 상에서 자발적인 자기 노출의 과정을 계획된 행위이론에 근거하여 조사하였다. 이를 위해 본 연구는 자기노출에 대한 태도, 주관적 규범, 인지된 행위 통제 등의 변수를 자기 노출 행위의 선행변수로 설정하였다. 또 프라이버시 염려, 인지된 즐거움, 사회적 참여를 위한 정보 동기, 관계적 동기의 자기 노출 태도에 대한 영향 정도를 조사하였다. 본 연구의 결과는 다음과 같다. 우선 자기노출에 대한 태도, 주관적 규범, 인지된 행위 통제 등의 변수는 자기노출 행위에 대해 통계적으로 유의한 관계를 갖는 것으로 나타났다. 하지만 인지된 즐거움을 제외하곤 프라이버시 염려, 정보 동기 및 관계적 동기 등은 통계적으로 유의한 관계를 갖고 있지 않은 것으로 나타났다.