Discretionary Disclosure of Non-Financial Listed Firms in an Emerging Market: Evidence from Ghana

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43914763" target="_blank" >RIV/62156489:43110/18:43914763 - isvavai.cz</a>

Výsledek na webu

<a href="http://pefnet.mendelu.cz/wcd/w-rek-pefnet/pefnet2018_abstracts_web.pdf" target="_blank" >http://pefnet.mendelu.cz/wcd/w-rek-pefnet/pefnet2018_abstracts_web.pdf</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Discretionary Disclosure of Non-Financial Listed Firms in an Emerging Market: Evidence from Ghana

Popis výsledku v původním jazyce

The purpose of this study is to investigate the extent of voluntary disclosure in relation to corporate governance attributes by non-financial listed firms in Ghana. It also aimed to rate the importance of voluntary items from the viewpoint of investors in Ghana. The paper adopts a longitudinal data analysis covering the period 2014 to 2016 and 24 non-financial listed companies were used. The corporate governance attributes examined are the proportion of independent directors to total number of directors on the board, outside share ownership, the existence of a voluntary audit committee, board size and the percentage of family members on the board. Using a weighted relative disclosure index for measuring voluntary disclosure, the results indicate that the existence of an audit committee is significantly and positively related to the extent of voluntary disclosure, while the percentage of family members on the board is negatively related to the extent of voluntary disclosure. The study outcome presents evidence to policy makers in Ghana for implementing the corporate governance attributes that are positively associated to voluntary disclosure. It also may be of interest to users such as investors to make investment decision based on the available information they acquire.

Název v anglickém jazyce

Discretionary Disclosure of Non-Financial Listed Firms in an Emerging Market: Evidence from Ghana

Popis výsledku anglicky

The purpose of this study is to investigate the extent of voluntary disclosure in relation to corporate governance attributes by non-financial listed firms in Ghana. It also aimed to rate the importance of voluntary items from the viewpoint of investors in Ghana. The paper adopts a longitudinal data analysis covering the period 2014 to 2016 and 24 non-financial listed companies were used. The corporate governance attributes examined are the proportion of independent directors to total number of directors on the board, outside share ownership, the existence of a voluntary audit committee, board size and the percentage of family members on the board. Using a weighted relative disclosure index for measuring voluntary disclosure, the results indicate that the existence of an audit committee is significantly and positively related to the extent of voluntary disclosure, while the percentage of family members on the board is negatively related to the extent of voluntary disclosure. The study outcome presents evidence to policy makers in Ghana for implementing the corporate governance attributes that are positively associated to voluntary disclosure. It also may be of interest to users such as investors to make investment decision based on the available information they acquire.

Druh

O - Ostatní výsledky

CEP obor

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OECD FORD obor

50205 - Accounting

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů