Corporate Governance and Voluntary Disclosure Practices in Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F21%3A43919694" target="_blank" >RIV/62156489:43110/21:43919694 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.11118/actaun.2021.012" target="_blank" >http://dx.doi.org/10.11118/actaun.2021.012</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.11118/ACTAUN.2021.012" target="_blank" >10.11118/ACTAUN.2021.012</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Corporate Governance and Voluntary Disclosure Practices in Czech Republic

Popis výsledku v původním jazyce

The decision to disclose enough information in annual reports is seen as an act of transparency. This study seeks to measure the extent of voluntary disclosure and to examine the relationship between corporate governance determinants and the level of voluntary disclosure. The study reports an average of 51.5% as the level of voluntary disclosure. Four corporate governance variables are used as the basis for the regression analysis. The evidence shows a positive association between the level of voluntary disclosure and the proportion of independent directors, block holder and the proportion of the audit committee with only the proportion of audit committee to the board showing statistical significance. The board size has a negative association. The category of corporate governance information items as part of the total voluntary checklist is largely disclosed among Czech firms. The study contributes to the literature on voluntary disclosure in a transition economy. The findings prove useful to investors and financial statement preparers as the knowledge informs them to question and request more information from the firms which are open to the capital market.

Název v anglickém jazyce

Corporate Governance and Voluntary Disclosure Practices in Czech Republic

Popis výsledku anglicky

The decision to disclose enough information in annual reports is seen as an act of transparency. This study seeks to measure the extent of voluntary disclosure and to examine the relationship between corporate governance determinants and the level of voluntary disclosure. The study reports an average of 51.5% as the level of voluntary disclosure. Four corporate governance variables are used as the basis for the regression analysis. The evidence shows a positive association between the level of voluntary disclosure and the proportion of independent directors, block holder and the proportion of the audit committee with only the proportion of audit committee to the board showing statistical significance. The board size has a negative association. The category of corporate governance information items as part of the total voluntary checklist is largely disclosed among Czech firms. The study contributes to the literature on voluntary disclosure in a transition economy. The findings prove useful to investors and financial statement preparers as the knowledge informs them to question and request more information from the firms which are open to the capital market.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis

ISSN

1211-8516

e-ISSN

—

Svazek periodika

69

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

15

Strana od-do

111-125

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85103498519