Journal ArticleDOI
The influence of company characteristics and accounting regulation on information disclosed by Spanish firms
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In this paper, the influence of market pressures and pressure from regulatory bodies on information disclosure by Spanish firms is analyzed. But the authors do not consider the impact of positive accounting theory on the disclosure of information.Abstract:
Accounting information is subject to two different influences: market pressures and pressure from regulatory bodies. This paper provides an empirical analysis of the influence of both these forces on information disclosure by Spanish firms. To test hypotheses concerning the influence of regulation, annual reports of three different years for 49 companies have been analysed. Given that new Spanish accounting rules have been in force since 1990, annual accounts of a sample of quoted companies have been analysed for the period 1989–1991. In order to consider the influence of positive accounting theory, several characteristics relating to company attributes were selected and tested empirically for the sample of 49 companies. The information disclosed by the sample companies was measured through an information index, based on a list of 50 items of information, and it was regressed on the variables related to company characteristics. The influence of regulation was analysed through a panel data analysis includi...read more
Citations
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L'analyse de l'impact des mécanismes de gouvernance sur le niveau de divulgation volontaire : Cas des sociétés tunisiennes non financières
Lobna Loukil,Mohamed Triki +1 more
TL;DR: The authors examine les aspects de la gouvernance qui incitent les dirigeants a publier volontairement des informations dans leurs rapports annuels dans un contexte de concentration de propriete.
Divulgación voluntaria estratégica ante un evento laboral: evidencia empírica para el mercado continuo español
TL;DR: The authors analyzes the actividad de divulgacion en prensa escrita alrededor de un evento laboral and the movimientos del precio de los titulos afectados by el evento, of las empresas cotizadas en el mercado continuo espanol.
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The continuous market cycle of the short-term insurance industry
TL;DR: In this article, the authors focused on the improvement of financial decision-making when executives of the short-term insurance industry are managing their business during the various phases of the continuous market cycle.
Posted Content
Evolution des déterminants culturels et économiques des choix comptables des entreprises de 1998 à 2002 : le cas des éléments incorporels
TL;DR: In this article, the determinants des choix comptables des entreprises concernant les pratiques de valorisation and de publication relatives aux incorporels are investigated.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
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The Market for “Lemons”: Quality Uncertainty and the Market Mechanism
TL;DR: In this paper, the authors present a struggling attempt to give structure to the statement: "Business in under-developed countries is difficult"; in particular, a structure is given for determining the economic costs of dishonesty.
Journal ArticleDOI
Job Market Signaling
TL;DR: In this paper, the authors present a model in which signaling is implicitly defined and explains its usefulness, in which the employer is not sure of the productive capabilities of an individual at the time he/she hires him.
Book
Analysis of Panel Data
TL;DR: In this paper, the authors propose a homogeneity test for linear regression models (analysis of covariance) and show that linear regression with variable intercepts is more consistent than simple regression with simple intercepts.
Journal ArticleDOI
Auditor size and audit quality
TL;DR: In this paper, the authors argue that audit quality is not independent of audit firm size, even when auditors initially possess identical technological capabilities, and when incumbent auditors earn client-specific quasi-rents, auditors with a greater number of clients have more to lose by failing to report a discovered breach in a particular client's records.
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