메뉴 건너뛰기




Volumn 16, Issue 6, 2008, Pages 475-491

The effect of national governance codes on firm disclosure practices: Evidence from analyst earnings forecasts

Author keywords

Asia; Board policy issues; Corporate governance; Corporate governance codes; Financial auditing issues; Financial disclosure; Transparency

Indexed keywords


EID: 55149087062     PISSN: 09648410     EISSN: 14678683     Source Type: Journal    
DOI: 10.1111/j.1467-8683.2008.00707.x     Document Type: Article
Times cited : (29)

References (35)
  • 4
    • 0345447646 scopus 로고    scopus 로고
    • Regulation fair disclosure and earnings information: Market, analyst, and corporate responses
    • Bailey, W., Li, H., Mao, C. X. Zhong, R. (2003) Regulation fair disclosure and earnings information: Market, analyst, and corporate responses, Journal of Finance, 58 : 2487 514.
    • (2003) Journal of Finance , vol.58 , pp. 2487-2514
    • Bailey, W.1    Li, H.2    Mao, C.X.3    Zhong, R.4
  • 5
    • 0031184823 scopus 로고    scopus 로고
    • Disclosure level and the cost of equity capital
    • Botosan, C. (1997) Disclosure level and the cost of equity capital, The Accounting Review, 72 (3 323 49.
    • (1997) The Accounting Review , vol.72 , Issue.3 , pp. 323-349
    • Botosan, C.1
  • 6
    • 27944506968 scopus 로고    scopus 로고
    • The impact of statutory sanctions on the level and information content of voluntary corporate disclosure
    • Brown, P., Taylor, S. L. Walter, T. S. (1999) The impact of statutory sanctions on the level and information content of voluntary corporate disclosure, Abacus, 35 : 138 62.
    • (1999) Abacus , vol.35 , pp. 138-162
    • Brown, P.1    Taylor, S.L.2    Walter, T.S.3
  • 7
    • 84990348608 scopus 로고    scopus 로고
    • Corporate disclosure quality and properties of analysts information environment, Journal of Accounting
    • Byard, D. Shaw, K. (2003) Corporate disclosure quality and properties of analysts information environment, Journal of Accounting, Auditing and Finance, 19 (3 355 78.
    • (2003) Auditing and Finance , vol.19 , Issue.3 , pp. 355-378
    • Byard, D.1    Shaw, K.2
  • 8
    • 0000735805 scopus 로고    scopus 로고
    • Understanding risk and return
    • Campbell, J. (1996) Understanding risk and return, Journal of Political Economy, 104 : 298 345.
    • (1996) Journal of Political Economy , vol.104 , pp. 298-345
    • Campbell, J.1
  • 9
    • 37149011483 scopus 로고    scopus 로고
    • The change in corporate transparency of Korean firms after the Asian crisis: An analysis using analysts' forecast data
    • Chang, J., Cho, Y. J. Shin, H. H. (2007) The change in corporate transparency of Korean firms after the Asian crisis: An analysis using analysts' forecast data, Corporate Governance: An International Review, 15 (6 1144 67.
    • (2007) Corporate Governance: An International Review , vol.15 , Issue.6 , pp. 1144-1167
    • Chang, J.1    Cho, Y.J.2    Shin, H.H.3
  • 10
    • 33748148204 scopus 로고    scopus 로고
    • Board composition, regulatory regime and voluntary disclosure
    • Cheng, E. Courtenay, S. (2006) Board composition, regulatory regime and voluntary disclosure, The International Journal of Accounting, 41 (3 262 89.
    • (2006) The International Journal of Accounting , vol.41 , Issue.3 , pp. 262-289
    • Cheng, E.1    Courtenay, S.2
  • 11
    • 84984204202 scopus 로고
    • The inclusion of forecasts in the MDA section of annual reports: A voluntary disclosure perspective
    • Clarkson, P., Kao, J. Richardson, G. (1994) The inclusion of forecasts in the MDA section of annual reports: A voluntary disclosure perspective. Contemporary Accounting Research, 11 : 423 50.
    • (1994) Contemporary Accounting Research , vol.11 , pp. 423-450
    • Clarkson, P.1    Kao, J.2    Richardson, G.3
  • 12
    • 36849071378 scopus 로고    scopus 로고
    • Dominant shareholders, corporate boards and corporate value: A cross-country analysis
    • Dahya, J., Dimitrov, O. McConnell, J. (2008) Dominant shareholders, corporate boards and corporate value: A cross-country analysis. Journal of Financial Economic, 87 : 73 100.
    • (2008) Journal of Financial Economic , vol.87 , pp. 73-100
    • Dahya, J.1    Dimitrov, O.2    McConnell, J.3
  • 13
    • 0346762522 scopus 로고    scopus 로고
    • Meta-analytic reviews of board composition, leadership structure and financial performance
    • Dalton, D., Daily, C., Ellstrand, A. Johnson, J. (1998) Meta-analytic reviews of board composition, leadership structure and financial performance, Strategic Management Journal, 19 : 269 90.
    • (1998) Strategic Management Journal , vol.19 , pp. 269-290
    • Dalton, D.1    Daily, C.2    Ellstrand, A.3    Johnson, J.4
  • 14
    • 23244465898 scopus 로고    scopus 로고
    • The impact of board composition on firms' critical decisions: A meta-analytic review
    • Deutsch, Y. (2005) The impact of board composition on firms' critical decisions: A meta-analytic review, Journal of Management, 31 : 424 44.
    • (2005) Journal of Management , vol.31 , pp. 424-444
    • Deutsch, Y.1
  • 15
    • 19944408608 scopus 로고    scopus 로고
    • To steal or not to steal: Firm attributes, legal environment, and valuation
    • Durnev, A. Kim, E. H. (2005) To steal or not to steal: Firm attributes, legal environment, and valuation, Journal of Finance, 60 : 1461 93.
    • (2005) Journal of Finance , vol.60 , pp. 1461-1493
    • Durnev, A.1    Kim, E.H.2
  • 18
    • 33748793640 scopus 로고    scopus 로고
    • Does compliance with the German corporate governance code have an impact on stock valuation? An empirical analysis
    • Goncharov, I., Werner, J. Zimmermann, J. (2006) Does compliance with the German corporate governance code have an impact on stock valuation? An empirical analysis, Corporate Governance: An International Review, 14 (5 432 45.
    • (2006) Corporate Governance: An International Review , vol.14 , Issue.5 , pp. 432-445
    • Goncharov, I.1    Werner, J.2    Zimmermann, J.3
  • 19
    • 0000388461 scopus 로고    scopus 로고
    • Stock performance and intermediation changes surrounding sustained increases in disclosure
    • Healy, P., Hutton, A. Palepu, K. (1999) Stock performance and intermediation changes surrounding sustained increases in disclosure, Contemporary Accounting Research, 16 : 485 520.
    • (1999) Contemporary Accounting Research , vol.16 , pp. 485-520
    • Healy, P.1    Hutton, A.2    Palepu, K.3
  • 20
    • 0037289352 scopus 로고    scopus 로고
    • Regulation FD and the financial information environment: Early evidence
    • Heflin, F., Subramanyam, K. R. Zhang, Y. (2003) Regulation FD and the financial information environment: early evidence, Accounting Review, 78 : 1 37.
    • (2003) Accounting Review , vol.78 , pp. 1-37
    • Heflin, F.1    Subramanyam, K.R.2    Zhang, Y.3
  • 21
    • 0012583968 scopus 로고    scopus 로고
    • Boards of divectors as an endogenously determined institution: A survey of the economic literature
    • Apr
    • Hermalin, B. E. Weisbach, M. S. (2003) Boards of divectors as an endogenously determined institution: A survey of the economic literature. Economic Policy Review, Apr : 7 26.
    • (2003) Economic Policy Review , pp. 7-26
    • Hermalin, B.E.1    Weisbach, M.S.2
  • 23
    • 4043183773 scopus 로고    scopus 로고
    • Regulation fair disclosure, analyst following and analyst forecast dispersion
    • Irani, A.J. Karamanou, I. (2003) Regulation fair disclosure, analyst following and analyst forecast dispersion, Accounting Horizons, 17 : 15 29.
    • (2003) Accounting Horizons , vol.17 , pp. 15-29
    • Irani, A.J.1    Karamanou, I.2
  • 24
    • 8844252399 scopus 로고    scopus 로고
    • Corporate governance, investor protection, and performance in emerging markets
    • Klapper, L. Love, I. (2004) Corporate governance, investor protection, and performance in emerging markets. Journal of Corporate Finance, 10 : 703 28.
    • (2004) Journal of Corporate Finance , vol.10 , pp. 703-728
    • Klapper, L.1    Love, I.2
  • 26
    • 85043446032 scopus 로고    scopus 로고
    • Corporate disclosure policy and analyst behaviour
    • Lang, M. H. Lundholm, R. J. (1996) Corporate disclosure policy and analyst behaviour, Accounting Review, 65 : 461 76.
    • (1996) Accounting Review , vol.65 , pp. 461-476
    • Lang, M.H.1    Lundholm, R.J.2
  • 30
    • 43749092365 scopus 로고    scopus 로고
    • Are East Asian companies benefiting from Western board practices?
    • Nowland, J. (2008) Are East Asian companies benefiting from Western board practices? Journal of Business Ethics, 79 : 133 50.
    • (2008) Journal of Business Ethics , vol.79 , pp. 133-150
    • Nowland, J.1
  • 31
    • 0002037905 scopus 로고
    • Asymptotic intervals for indirect effects in structural equations models
    • In: Leinhart, S. (. ed. Jossey-Bass, San Francisco.
    • Sobel, M. E. (1982) Asymptotic intervals for indirect effects in structural equations models. In : Leinhart, S. (ed. Sociological Methodology 1982, 290 312. Jossey-Bass, San Francisco.
    • (1982) Sociological Methodology 1982 , pp. 290-312
    • Sobel, M.E.1
  • 32
    • 33947724834 scopus 로고    scopus 로고
    • Disclosure standards and market efficiency: Evidence from analysts forecasts
    • Tong, H. (2007) Disclosure standards and market efficiency: Evidence from analysts forecasts, Journal of International Economics, 72 (1 222 41.
    • (2007) Journal of International Economics , vol.72 , Issue.1 , pp. 222-241
    • Tong, H.1
  • 34
    • 15544389794 scopus 로고    scopus 로고
    • Compliance with the German corporate governance code: An empirical analysis of the compliance statements by German listed companies
    • Werder, A., Talaulicar, T. Kolat, G. (2005) Compliance with the German corporate governance code: An empirical analysis of the compliance statements by German listed companies, Corporate Governance: An International Review, 13 (2 178 87.
    • (2005) Corporate Governance: An International Review , vol.13 , Issue.2 , pp. 178-187
    • Werder, A.1    Talaulicar, T.2    Kolat, G.3
  • 35
    • 85043430637 scopus 로고    scopus 로고
    • Implementation of the recommendations and suggestions of the German corporate governance code: An empirical survey of the DAX, MDAX and SDAX companies
    • John Nowland is a Lecturer in the School of Economics and Finance at Queensland University of Technology, Australia. His research focuses on the governance practices of Asian and family-owned companies. He has recently published in the Journal of Business Ethics, Australian Journal of Management, International Review of Finance, and The Company Lawyer.
    • Werder, A. Talaulicar, T. (2006) Implementation of the recommendations and suggestions of the German corporate governance code: An empirical survey of the DAX, MDAX and SDAX companies, Corporate Governance Report 2006, 181 90.
    • (2006) Corporate Governance Report , vol.2006 , pp. 181-190
    • Werder, A.1    Talaulicar, T.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.