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Full-Text Articles in Business
Information Disclosure And Banking Sector Performance And Stability, Perihan Iren
Information Disclosure And Banking Sector Performance And Stability, Perihan Iren
ETD Archive
Over the last decade, financial and capital markets have grown very rapidly and the markets have become more complex as a result of increased used of derivative securities. The recent subprime crisis has intensified the debate regarding the need for greater transparency. The purpose of this study is to contribute to this debate by examining the relationship between the quantity and quality of information disclosure regarding a bank's securitization and credit derivative activities and the subsequent impact on bank performance and stability. The results show a significant relationship between the quality/quantity of disclosure and bank performance/stability. When information on securitization …
The Influence Of Board Size On Intellectual Capital Disclosure By Kenyan Listed Firms, Indra Abeysekera
The Influence Of Board Size On Intellectual Capital Disclosure By Kenyan Listed Firms, Indra Abeysekera
Faculty of Commerce - Papers (Archive)
Purpose – The purpose of this paper is to examine the effect of board size on firms disclosing more, rather than less, strategic and tactical intellectual capital resources using the top 26 of the 52 firms ranked by the Nairobi Stock Exchange for market capitalization in 2002 and in 2003. This study identifies intellectual capital disclosure by three separate categories: internal capital, external capital, and human capital. Hence, this study examines the influence of board size on six disclosure outcomes. Design/methodology/approach – The study develops hypotheses using the resource dependency theory. Using content analysis for data generation, this study classifies …
Disclosure Quality And Capital Investment, James Frederickson, Gilles Hilary
Disclosure Quality And Capital Investment, James Frederickson, Gilles Hilary
James R. Frederickson
We examine whether disclosure quality affects the link between a firm’s cash flow or asset values and its capital investment. We use a unique setting to examine this issue: a sudden 50% decrease in oil prices in 1986. This setting allows us to examine the effect of disclosure quality immediately prior to an unexpected, exogenous increase in a firm’s capital constraint on the firm’s capital investment immediately following the shock. In contrast to prior research, which examines the association between the level of disclosure and the level of a firm financing attribute (e.g., cost of public equity capital), we examine …