Beekes, Wendy and Brown, Philip and Zhang, Qiyu (2014) Corporate governance and the informativeness of disclosures in Australia:a re-examination. Working Paper. Lancaster University, Lancaster. (Unpublished)Full text not available from this repository.
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 took effect 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. Nonetheless, better governed firms still make more disclosures, they are more balanced with respect to good and bad news, and their shares are priced more efficiently. Changes to disclosure laws have also influenced company practices.
|Item Type:||Monograph (Working Paper)|
|Uncontrolled Keywords:||Corporate governance ; Disclosure frequency ; Price discovery ; Timeliness|
|Subjects:||H Social Sciences > HF Commerce > HF5601 Accounting|
|Departments:||Lancaster University Management School > Accounting & Finance|
|Deposited On:||03 Sep 2012 13:47|
|Last Modified:||24 Jan 2014 08:56|
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