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Do better governed Australian firms make more informative disclosures?

Research output: Working paper

Published

Standard

Do better governed Australian firms make more informative disclosures? / Brown, P; Beekes, W A.
Lancaster University: The Department of Accounting and Finance, 2005. (Accounting and Finance Working Paper Series).

Research output: Working paper

Harvard

Brown, P & Beekes, WA 2005 'Do better governed Australian firms make more informative disclosures?' Accounting and Finance Working Paper Series, The Department of Accounting and Finance, Lancaster University.

APA

Brown, P., & Beekes, W. A. (2005). Do better governed Australian firms make more informative disclosures? (Accounting and Finance Working Paper Series). The Department of Accounting and Finance.

Vancouver

Brown P, Beekes WA. Do better governed Australian firms make more informative disclosures? Lancaster University: The Department of Accounting and Finance. 2005. (Accounting and Finance Working Paper Series).

Author

Brown, P ; Beekes, W A. / Do better governed Australian firms make more informative disclosures?. Lancaster University : The Department of Accounting and Finance, 2005. (Accounting and Finance Working Paper Series).

Bibtex

@techreport{4867a6c2f0114440a8dbf4de8f9818b2,
title = "Do better governed Australian firms make more informative disclosures?",
abstract = "We investigate whether and if so, how, corporate governance {"}quality{"} is related to the information flows from a company and how the stock market and its agents respond. Specifically, we study links between the {"}quality{"} of a firm{\textquoteright}s corporate governance (CGQ) and the informativeness of its disclosures. We employ a novel, intra-year {"}timeliness{"} metric, in the spirit of Ball and Brown (1968) and Brown et al. (1999), to capture the average speed of price discovery throughout the year. Our results suggest that the answer to our question is {"}Yes{"}: better-governed firms do make more informative disclosures.",
keywords = "corporate governance quality, disclosure frequency, analysts{\textquoteright} forecasts, price discovery, timeliness",
author = "P Brown and Beekes, {W A}",
year = "2005",
language = "English",
series = "Accounting and Finance Working Paper Series",
publisher = "The Department of Accounting and Finance",
type = "WorkingPaper",
institution = "The Department of Accounting and Finance",

}

RIS

TY - UNPB

T1 - Do better governed Australian firms make more informative disclosures?

AU - Brown, P

AU - Beekes, W A

PY - 2005

Y1 - 2005

N2 - We investigate whether and if so, how, corporate governance "quality" is related to the information flows from a company and how the stock market and its agents respond. Specifically, we study links between the "quality" of a firm’s corporate governance (CGQ) and the informativeness of its disclosures. We employ a novel, intra-year "timeliness" metric, in the spirit of Ball and Brown (1968) and Brown et al. (1999), to capture the average speed of price discovery throughout the year. Our results suggest that the answer to our question is "Yes": better-governed firms do make more informative disclosures.

AB - We investigate whether and if so, how, corporate governance "quality" is related to the information flows from a company and how the stock market and its agents respond. Specifically, we study links between the "quality" of a firm’s corporate governance (CGQ) and the informativeness of its disclosures. We employ a novel, intra-year "timeliness" metric, in the spirit of Ball and Brown (1968) and Brown et al. (1999), to capture the average speed of price discovery throughout the year. Our results suggest that the answer to our question is "Yes": better-governed firms do make more informative disclosures.

KW - corporate governance quality

KW - disclosure frequency

KW - analysts’ forecasts

KW - price discovery

KW - timeliness

M3 - Working paper

T3 - Accounting and Finance Working Paper Series

BT - Do better governed Australian firms make more informative disclosures?

PB - The Department of Accounting and Finance

CY - Lancaster University

ER -