Do better governed Australian firms make more informative disclosures?

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

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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’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.

Item Type:
Monograph (Working Paper)
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
48756
Deposited By:
Deposited On:
11 Jul 2011 21:10
Refereed?:
No
Published?:
Published
Last Modified:
20 Sep 2020 23:38