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Corporate governance and the informativeness of disclosures in Australia: a re-examination

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Corporate governance and the informativeness of disclosures in Australia : a re-examination. / Beekes, Wendy; Brown, Philip; Zhang, Qiyu.

In: Accounting and Finance, Vol. 55, No. 4, 12.2015, p. 931-963.

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@article{d4191f1991194178a45569cf9425e5c2,
title = "Corporate governance and the informativeness of disclosures in Australia: a re-examination",
abstract = "We re-examine the association between corporate governance and disclosures reported by Beekes and Brown (2006), using an extended time series of Australian data. Since the ASX corporate governance guidelines were introduced in 2003, firms generally have increased their disclosure frequency and demonstrated an improvement in the timeliness of bad news relative to good news, indicating a levelling of disclosure practices and greater transparency. Better governed firms have become more cautious in their disclosure practices. However they continue to be more balanced with respect to good and bad news timeliness. Changes to disclosure laws have also influenced company practices.",
keywords = "Corporate governance, Disclosures, Price discovery, Timeliness, Transparency",
author = "Wendy Beekes and Philip Brown and Qiyu Zhang",
year = "2015",
month = dec
doi = "10.1111/acfi.12088",
language = "English",
volume = "55",
pages = "931--963",
journal = "Accounting and Finance",
issn = "0810-5391",
publisher = "Wiley-Blackwell",
number = "4",

}

RIS

TY - JOUR

T1 - Corporate governance and the informativeness of disclosures in Australia

T2 - a re-examination

AU - Beekes, Wendy

AU - Brown, Philip

AU - Zhang, Qiyu

PY - 2015/12

Y1 - 2015/12

N2 - We re-examine the association between corporate governance and disclosures reported by Beekes and Brown (2006), using an extended time series of Australian data. Since the ASX corporate governance guidelines were introduced in 2003, firms generally have increased their disclosure frequency and demonstrated an improvement in the timeliness of bad news relative to good news, indicating a levelling of disclosure practices and greater transparency. Better governed firms have become more cautious in their disclosure practices. However they continue to be more balanced with respect to good and bad news timeliness. Changes to disclosure laws have also influenced company practices.

AB - We re-examine the association between corporate governance and disclosures reported by Beekes and Brown (2006), using an extended time series of Australian data. Since the ASX corporate governance guidelines were introduced in 2003, firms generally have increased their disclosure frequency and demonstrated an improvement in the timeliness of bad news relative to good news, indicating a levelling of disclosure practices and greater transparency. Better governed firms have become more cautious in their disclosure practices. However they continue to be more balanced with respect to good and bad news timeliness. Changes to disclosure laws have also influenced company practices.

KW - Corporate governance

KW - Disclosures

KW - Price discovery

KW - Timeliness

KW - Transparency

U2 - 10.1111/acfi.12088

DO - 10.1111/acfi.12088

M3 - Journal article

VL - 55

SP - 931

EP - 963

JO - Accounting and Finance

JF - Accounting and Finance

SN - 0810-5391

IS - 4

ER -