Corporate governance and the informativeness of disclosures in Australia : a re-examination

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.

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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.

Item Type:
Monograph (Working Paper)
Uncontrolled Keywords:
?? corporate governancedisclosure frequencyprice discovery timelinessaccounting and financehf5601 accountingdiscipline-based research ??
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Deposited On:
30 May 2014 11:00
Last Modified:
15 Jul 2024 07:55