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- Title
Corporate governance and the informativeness of disclosures in Australia: a re-examination.
- Authors
Beekes, Wendy; Brown, Philip; Zhang, Qiyu; Cahan, Steven
- 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.
- Subjects
AUSTRALIA; CORPORATE governance; DISCLOSURE in accounting; BAD news; ORGANIZATIONAL transparency; BUSINESS enterprises
- Publication
Accounting & Finance, 2015, Vol 55, Issue 4, p931
- ISSN
0810-5391
- Publication type
Article
- DOI
10.1111/acfi.12088