Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
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 -