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Dissertations / Theses on the topic 'Financial reports'
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Brady, Richard T. "Framework for financial ratio analysis of audited federal financial reports." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 1999. http://handle.dtic.mil/100.2/ADA374352.
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Thesis (M.S. in Management) Naval Postgraduate School, December 1999."December 1999". Thesis advisor(s): O. Douglas Moses, Lawrence R. Jones. Includes bibliographical references (p. 145-148). Also available online.
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Boström, Daniel. "Environmental information : A study of environmental disclosure in financial analyst reports, annual reports, CSR reports and environmental risk profiles." Thesis, Umeå University, Umeå School of Business, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-24589.
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The awareness of environmental issues has increased among the public the last decades. An environmental movement is occurring and companies are beginning to adapt themselves and their business activities to the changing view of environmental issues. Greater attention are turning to companies around the world due to the view that they have a responsibility concerning environmental and sustainability matters in their business operations. The development of environmental guidelines such as the Global Reporting Initiative and the presenting of separate Corporate Social Responsibility (CSR) reports illustrate the emerged demand of an environmental awareness from various stakeholders. Government regulations and inter-continental agreements of carbon taxes, emission trade rights and various environmental targets are influencing the operations and the environmental approach for the companies.
An important link in the information chain is the financial analysts and their role as information intermediaries. The characteristics of their profession combined with their expertise knowledge of evaluating companies are reasons behind their function in the investment value chain. Traditionally, the valuation of companies has been based on financial figures and the models derive from typical tangible assets such growth numbers, estimated future earnings and cash flow. Environmental issues have throughout the years been considered of secondary importance due to the specific kind of information it represents.
This study examines factors influencing the amount of environmental information presented in financial analyst reports. The amount of environmental information presented in annual reports, CSR reports and an environmental risk profile developed by GES Investment Services have been selected as predictor variables to determine the amount of environmental information in the financial analysts’ reports.
40 companies from the industrial sector have been included in the study and the results reveal that no or very little environmental information can be found in the financial analyst reports. The financial analysts’ seem to prioritize other kinds of information when evaluating companies and creating analyst reports. The study also reveals that companies with separate CSR reports seem to have a higher amount of environmental information presented in annual reports as well as a better environmental risk profile.
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Laine, M. Kristiina. "Cloze analysis of financial reports readability : a multilingual comparison." Thesis, Bangor University, 1996. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.318944.
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Opong, Kwaku K. "The information content of interim financial reports : U.K. evidence." Thesis, University of Glasgow, 1988. http://theses.gla.ac.uk/2037/.
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The aim of this study is to investigate whether the public release of interim financial reports in the United Kingdom conveys information that affects share prices. The major objective for reporting the financial affairs of business enterprises is assumed to be the provision of information to help investors make investment decisions. Interim reports fulfil an important role as a source of frequent information regarding the events in the business enterprise which could give investors some indication about the risks and uncertainties attached to a particular firm's cash flows. Accounting data, therefore, is assumed to be part of the broad market information set that is utilised in establishing prices. The study is carried out in the context of a semi-strong form market efficiency since the announcement of interim earnings puts the information in the announcement in the public domain. An efficient securities market impounds price relevant information into prices instantaneously and without bias. Changes in security prices therefore reflect the flow of information to the market information set utilised in establishing prices. The information in interim earnings can therefore be established if security prices change on the public release of the earnings data barring any other price sensitive information at the same time period. The major finding in the study is that interim accounting reports have information contents which affect price activity on the day of release. It is argued that accounting policy makers have incentive to provide economic benefits by recommending the preparation of quarterly reports by firms.
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Kisaku, Jobra Mulumba. "Impact of Financial Reporting Frameworks on the Quality of Not-for-Profit Financial Reports." ScholarWorks, 2017. https://scholarworks.waldenu.edu/dissertations/4644.
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Even when clean audit reports are issued for not-for-profit organizations (NFPOs), misuse of donor resources may continue for years without detection by financial statement users. Previous research has established creative accounting, haphazard reporting, and fraud among NFPOs. As a result, aid has been reduced and some projects have been suspended. With Uganda as the study area, the key research question was the following: What is the impact of financial reporting frameworks on the quality of financial reports in Uganda, controlling for class of external auditors? The purpose of this quantitative, causal-comparative study was to establish whether reporting frameworks used by NFPOs in Uganda affect the quality of financial reports. Survey data through a researcher-developed instrument were collected from a purposefully selected sample of 74 NFPOs. Data included financial reporting frameworks as the independent variable, quality of financial reports as the dependent variable, and class of external auditors as a covariate. The data were analyzed using analysis of covariance. Dhanani and Connolly's accountability theory was adopted as the central theory. Findings indicated that there were no significant associations between financial reporting frameworks and quality of financial reports. The highest quality score was 25.2% with a mean of 15.6%, indicating poor NFPO quality reporting in Uganda. These findings support creation of a financial reporting framework for NFPOs. Such a framework could boost donor funding, uniform reporting, and standardized guidelines for external auditors, as well as increased transparency and government confidence in NFPOs.
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Siu, Yuet-yung, and 蕭月容. "Forward-looking statements in annual reports : how is futurity expressed?" Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2014. http://hdl.handle.net/10722/207135.
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In the US, regulations on the writing of “Management's Discussion and Analysis of Financial Condition and Results of Operations” (MD&A) are being strengthened after the eruption of numerous financial scandals (e.g. Enron). For this reason, the traditional backward-looking reporting model gave way to a forward-looking one that is more reader-oriented. In this study, an investigation of the lexico-grammatical features used by organizations of different financial capabilities to present prospective information in the MD&A was conducted. Using Bhatia’s (2004) Critical Genre Analysis and an adapted legitimation taxonomy based on Castello and Lozano’s (2011) and Beattie, McInnes, and Fearnley’s (2004) studies, the lexical verbs, tenses, and aspect used by the top three (Exxon Mobil, Walmart, Chevron) and bottom three (Nash-Finch, KeyCorp, Molina Healthcare) companies on the 2012 Fortune 500 list were compared. The quantitative and qualitative findings showed that the linguistic practices of the top-performers and bottom-performers were largely similar. In terms of rhetoric types, strategic rhetoric dominated the corpora while dialectic and institutional rhetoric came in second and last respectively. As for lexical verbs, activity, existence, and occurrence verbs were found to be consistently used across rhetoric types and temporal spaces. With regard to tense and aspect, it was found that constructions that are typically used to refer to the present, such as the simple present and present progressive tenses, were more commonly used to express futurity rather than the simple future tense, modals, or conditionals. Although resembling features were shared by both groups, a few findings from the top-performers’ corpus did suggest that the top-performers were more assertive in their creation of possible futures.
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Applied English Studies
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Master of Arts in Applied Linguistics
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Tanner, Margaret Morgan. "An Analysis of Factors Associated with Voluntary Disclosure of Management's Responsibilities for Internal Control." Thesis, University of North Texas, 1992. https://digital.library.unt.edu/ark:/67531/metadc278899/.
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The purpose of this study was to identify company characteristics associated with the presence of disclosures regarding internal control in the annual report. Gibbins, Richardson and Waterhouse [1990] have developed a framework from which to examine financial disclosure,. These authors define two dimensions of a company's disclosure position; opportunism and ritualism. I examined the association between variables representing the dimensions identified by these authors and a company's decision regarding disclosure of a management report on internal control. I compared specific characteristics of companies disclosing this information to those of companies not disclosing. The dependent variable represented the presence or absence of disclosure. I used logit analysis to test the significance of the chosen characteristics relative to the decision to include or exclude a management report on internal control in the annual report. My results were consistent with the existence of ritualism with respect to this issue. Reporting on internal controls was associated with membership in the Financial Executives Institute, auditor choice, certain industry designations and prior inclusion of such a report. FEI membership was closely related to initial reporting decisions as well'. I found evidence of opportunism as well. The likelihood of reporting on internal controls was related to company size (and presumably control strength), and growth rates. I also found an association between reporting and the issuance of publicly traded securities in the succeeding year and more moderate levels of debt relative to an industry average. In addition, I found that initial reporting decisions were associated with external events relating to potential legislation of the reporting issue. This research provides insight into the corporate response to reporting on internal controls.
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Ishmela, Milad Rajab. "Users' perceptions of annual financial reports in the Libyan environment." Thesis, Liverpool John Moores University, 2010. http://researchonline.ljmu.ac.uk/5997/.
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Mignot, Helen R. "Users and accounting information preferences of government department financial reports." Thesis, Edith Cowan University, Research Online, Perth, Western Australia, 1996. https://ro.ecu.edu.au/theses/936.
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The introduction of an accounting standard requiring government departments to replace fund-type, cash-based accounting statements with business-type, accrual based accounting statements has led to criticism that business-type, general purpose financial statements do not take account of the information requirements of major users. Such criticism echoes a long standing debate in which the users of public sector financial statements and their informational requirements are analysed in competing models. One view suggests that there are many users with homogeneous informational needs, who can be classified into a few broad groups. The other view maintains that there are few users who have differential informational requirements. This research adds to the few empirical studies on the usefulness of public sector accounting statement information. The purpose of this research is to test the hypothesis that users perceive that there is no difference in the usefulness of fund-type, cash-based; business-type, accrual-based accounting statements, and both cash and accrual combined accounting statements. Responses from legislators, citizen/ interest group members, and preparers to a questionnaire provides the data for statistical analysis. Test results suggest that there is only moderate support for the hypothesis that heterogenous users have different information needs. Strong support is found for the hypothesis that combined sets of statements as opposed to cash, or accrual are more useful. This conclusion holds for both the importance and useability dimensions of the construct perceived usefulness.
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Al-Yaqout, Abdullah A. "The usefulness of quarterly financial reports to Kuwaiti financial users in the Kuwait Stock Exchange." Thesis, Loughborough University, 2006. https://dspace.lboro.ac.uk/2134/7799.
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This thesis contributes to the literature on financial reporting in less developed countries, with special reference to the Kuwait Stock Exchange (KSE) and the Gulf Co-Operated Countries GCC area in particular. The study aims to examine the usefulness of quarterly financial reports (QFRs) to investors in Kuwait. It draws attention to the importance of quarterly accounting information and emphasises the critical theoretical and practical roles that quarterly accountings tatementsc an play in helping financial usersm ake financial decisions. The main findings indicate that quarterly financial reports in the Kuwait Stock Exchange are useful to Kuwaiti investors; however, such reports need further refinement and closer regulation in order to increase their usefulness, especially in relation to companies' expected performance and the future expectations of companies. In addition, the study shows that QFRs increase investor confidence when making and subsequently monitoring investments, evaluating management performance, making predictions about the future performance of companies, and predicting the future values of dividends and share prices. The findings also revealed that respondents believed that the prices and volumes of shares traded on the KSE are sensitive to financial information contained in QFRs. Specifically, the results indicate that company earnings, dividends payments, annual reports, quarterly reports and management experience were the most influential factors affecting purchasing attitudes and share prices. With regard to QFRs the majority of respondentsb elieved that auditor involvement in QFRs improved their reliability; however, most of the users expressed dissatisfaction with the current reporting lag of 45 days and would ideally like to see this reduced to less than 30 days. Respondents were also generally dissatisfied with current disclosures and wanted more information relating to the financial position of companies incorporated in to QFRs. Finally, the results indicate that information on the financial and capital leverage (or gearing) of the company, the risk exposure of the firm and an information on the type of industry in which the businesso perates,w ere the most likely factorst o increaset he demandf or QFRs.
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Canteiro, Francisco Dinis Baltazar. "Did the financial crisis change the way investors analyse the financial statements?" Master's thesis, Instituto Superior de Economia e Gestão, 2017. http://hdl.handle.net/10400.5/15254.
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Mestrado em FinançasEste estudo analisa a informação fornecida pelos relatórios financeiros e como os investidores podem ter alterado a informação que consideram relevante devido à crise de 2007-2009. Este acontecimento e a falência de várias empresas poderão ter levado à diminuição da confiança na informação fornecida nestes relatórios. Foram analisados os retornos das ações e os relatórios financeiros de forma a concluir se a crise alterou os dados que os investidores consideram relevantes. Foram usados dois métodos (método direto e o método de avaliação inputs-to-equity) e variáveis consideradas relevantes em estudos e períodos anteriores (return on equity, return on assets, EBITDA, EBIT, Net Cash flow e Net Income). Adicionalmente, foi também incluída uma nova variável de responsabilidade social que ganhou relevância recentemente (Lins et al, 2016). No primeiro método, os resultados revelaram o ROE como a medida contabilística preferida e o ROA como também sendo estatisticamente significativo. De acordo com o segundo método, os resultados obtidos anteriormente foram reforçados, sendo ambas medidas consideradas as mais relevantes. Adicionalmente, não foi encontrada evidência estatística de que a responsabilidade social corporativa tem efeito no retorno das ações no período subsequente à crise financeira.
This study analyses the information provided by financial reports and how investor may have changed the data that they consider relevant due to the financial crisis of 2007-2009. This event and the bankruptcy of several companies have leaded to a lack of confidence in the information provided. I analysed the stock returns and the financial reports in order to conclude if the crisis changed the data that investors consider relevant. It was used two different methods (direct method and inputs-to-equity valuation method) and variables considered relevant in previous studies and periods (return on equity, return of assets, EBITDA, EBIT, Net Cash flow and Net Income). Additionally, it was included a new variable of Corporate Social Responsibility that has gained relevance recently (Lins et al, 2016). The results obtained using the first method revealed that ROE was the preferred measure and ROA was also statistically significant. According to the second method, those two ratios were the most relevant measures for investors when analyzing the financial reports. Also, there was no statically evidence that Corporate Social Responsibility influence the stock returns after the crisis.
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Limacher, Joseph. "Attitude and aggregation in financial reports : their effects on the assessment of company performance and management credibility /." Thesis, Connect to this title online; UW restricted, 1997. http://hdl.handle.net/1773/8778.
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Chiang, Christina. "The consideration of environmental matters in the audit of financial reports." Click here to access this resource online, 2008. http://hdl.handle.net/10292/534.
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There has been a dearth of research on ‘auditors and environmental matters’ since Collison (1996) and Collison and Gray (1997) completed their study on the views of UK auditors about whether auditing is changing, or should be changing, in relation to environmental concerns. It is now more than ten years since the publication of that study. Growing international concern for environmental matters has since led to the issue of International Auditing Practice Statement (IAPS) -1010: The consideration of environmental matters in the audit of financial report in 1998 and, in New Zealand, Audit Guidance Statement (AGS) -1010: The consideration of environmental matters in the audit of a financial statement in 2001. Yet, to date, there has been no examination of the impact of IAPS-1010 or AGS-1010 on either current audit practice, or the issues raised by Collison (1996) and Collison and Gray (1997). This doctoral thesis has attempted to address the environmental impact gap in the auditing research literature. In particular, it has investigated the consideration of environmental matters in the audit of financial reports in the light of AGS-1010, with a view to understanding better the following issues: (1) how auditors generally perceive the consideration of environmental matters in the audit of financial reports; (2) the common approaches and practices auditors undertake when auditing environmental matters; (3) the challenges (if any) that auditors face in the audit of environmental matters (4) the impact (if any) of AGS 1010 on current audit practice and, finally, (5) how current practices in the audit of environmental matters may be improved and further developed to meet better the espoused aims of AGS-1010. Qualitative interviews with twenty-seven senior financial audit practitioners and others in New Zealand provided the basis for the findings. The interviews were taped, transcribed and managed with the use of computerised qualitative analysis software (NViVo7). Key findings from the research interviews were as follows: (1) the introduction of AGS-1010 had little impact on current audit practice in New Zealand; (2) environmental matters were treated no differently from any other audit issues, and auditors tended to apply common, familiar audit approaches in dealing with environmental matters; (3) auditors found the effective auditing of environmental matters challenging owing to their inability to identify such matters, and their lack of relevant expert knowledge. The most significant finding from this study is that, in general, common audit practices were riddled with issues of concern. These issues point to a broader and more significant problem. It would seem that current audit practices fail to consider many potential audit issues (including environmental matters) adequately in the audit of financial reports. For auditors to be more effective in their audit practice and in protecting the public interest, not only does audit methodology need a major review, but auditors themselves need to change their attitudes and mindsets in their approach to auditing.
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Westerdahl, Ludvig. "Predicting the Financial Impact of the CEO’s Comments in Quarterly Reports." Thesis, Linköpings universitet, Institutionen för datavetenskap, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-166361.
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This thesis investigates how the CEO’s comments in quarterly reports affect the financial performance of a company by predicting their stock price using machine learning and natural language processing. The dataset used consists of historical information such as the stock price (quantitative data) and the CEO’s comments (qualitative data). Where the qualitative information was embedded using the paragraph vector document embedding technique and used with the quantitative data in three type of models. The models tested was Support Vector Machine and Artificial Neural Network against a Naive Bayes base- line. Further, each model was trained and evaluated using the quantitative, qualitative and both datasets and the results were confirmed using statistical significant testing. Finally, the best models from the evaluation step were used to simulate a trading strategy to buy the stock if the model predicted that the price of the stock would rise. The statistically significant improvements of using the CEO’s comments and the hypothetical profits the trading strategies rendered show that the CEO’s comments adds some predictive ability in terms of their stock price and thus their financial performance.
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Dardor, Zuhir Omar. "Publishing delay and the usefulness of annual reports in Libya." Thesis, Bournemouth University, 2009. http://eprints.bournemouth.ac.uk/16480/.
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The research has three objectives. The first is to investigate the extent of publishing delay and its determinants in Libya. The second is to find out how useful the annual report is to five user groups in Libya namely the Tax Authority, Academics, Auditors, Banks and the Auditing Authority. Finally, the research also seeks to determine the impact publishing delay has on banks, Tax and Auditing Authorities. A sample of 33 companies over two year period was used to determine the extent of publishing delay and its determinants. The results indicate that the average publishing delay is 154.86 days. The results of the ordinary least square regression analysis indicate that company size, profitability, company age, number of accountants, accountant qualification, and audit opinion are significantly associated with publishing delay. However, the type of accounting system is not associated with publishing delay. The results of the usefulness of the annual report indicate that the balance sheet is regarded as the most important followed by the profit and loss account, auditors' report, management report and the funds flow statement. The results also suggest that there are significant differences in the perceived usefulness of 'on-time' and 'late' annual reports in terms of predictive value, confirmatory value and faithful representation. The results of the impact of the publishing delay on banks, Tax authority and Auditing authorities are as follows. Loans advanced by banks on the basis of 'on-time' annual reports are more likely to be repaid than those made on the basis of 'late' annual reports. The Tax Authority collect less revenue from companies whose annual reports are produced late compared to those whose annual reports are produced on time and Auditing Authority is more likely to issue a qualified audit report if the annual report is produced late compared to one produced 'on-time'. The results have important implication for the Libyan Authorities in terms of what actions they should take to reduce the publishing delay. Reduction in publishing delay is likely to increase the usefulness of the annual report and reduce the impact the delay is having on banks, Tax and Auditing Authority.
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Al-Ketbi, Humaid-Ali. "Government accounting and performance reports in the United Arab Emirates." Thesis, University of South Wales, 2001. https://pure.southwales.ac.uk/en/studentthesis/government-accounting-and-performance-reports-in-the-united-arab-emirates(780976ee-96e2-413c-afb3-9b25e8a594dc).html.
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During the last three decades, financial reporting, performance measurement and accountability for the use of resources by the public sector have received a great deal of attention in numerous countries, especially in the developed world. This study is concerned with exploring these issues in the public sector of the United Arab Emirates (UAE) and, specifically, its central government. Following an initial introductory chapter a detailed analysis of the literature relating to financial reporting and performance measurement in the public sector is undertaken. This is then developed through a detailed study of the financial reporting and auditing requirements specified under UAE law. This analysis reveals a number of weaknesses in the system of governmental reporting adopted in the UAE. As a result of the literature survey and the findings relating to the system of financial reporting by central government practiced in the UAE two key areas are then developed through the research methodology outlined in the text. Firstly, issues relating to government financial reports are examined. These include the: importance of financial reports, frequency and purposes of using financial reports, quality of financial reports, potential ways of improving financial reports, external potential users of financial reports and, finally in this section, reasons that prevent the users from reading or using governmental financial reports in the UAE. Secondly, various issues relating to performance measurement in the public sector are also discussed. These concern: the importance of non-financial information, methods of comparison, reasons for conducting performance measurement, users of performance measurement reports, reasons that prevent government units from carrying out performance measurement, procedures undertaken by the external audit for measuring performance, the quality of audit reports, ways of improving audit reports, the external potential users of government audit reports, and the reasons that prevent the external auditor carrying out performance auditing in governmental units in the UAE. Finally appropriate conclusion on the basis of the analysis is presented.
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Wiklund, Daniel, Samuel Sölgén, and Oskar Olsson. "Swedish Companies´ Perception of Quarterly Reports." Thesis, Mälardalen University, School of Sustainable Development of Society and Technology, 2008. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-749.
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Aim of the Thesis: To investigate from a company’s perspective if the pressure for companies to produce quarterly reports has turned away their attention from working towards long-term value creation. The companies investigated are listed on the large-cap section on the Swedish stock exchange (OMX Nordic Exchange Stockholm AB).
Methodology: A quantitative approach has been used and empirical data has been collected through questionnaires. The data has been analyzed and presented with descriptive statistics.
Theoretical Perspectives: A literature review has been conducted and resulted in a theoretical framework illustrating the concepts of quarterly reporting, long-term value creating, short-termism and forecasting.
Empirical data: The empirical data was collected by distributing questionnaires to the companies listed on the large-cap section of the OMX.
Conclusion: Companies listed on the large cap section of the OMX do not perceive that the pressure to produce quarterly reports affects them in a negative way. The study also showed that many companies lack awareness of the risks associated with short-termism.
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Quinlivan, Michael Dale. "Local government accountability – financial, efficiency, effectiveness and sustainability performance reports : stakeholder perspectives." Thesis, Curtin University, 2012. http://hdl.handle.net/20.500.11937/2025.
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The question posed in this study was whether local government is held accountable for their financial management, efficiency, effectiveness and sustainability and if local government reports contribute to this. In this study perceptions of how residents form their views about the performance of their local government were gained by interviewing residents and senior managers. Three local governments differing in the size of the organisation, the demography of the residents, and their urban environment took part in the study. A qualitative methodology within the constructivist paradigm was used with the rigour of the study being judged in terms of its method and analysis, and the findings and recommendations assessed against quality criteria particularly its usefulness in the real world of local government.Using a grounded research approach, the study found that residents’ perceptions of local government are highly subjective and influenced by many factors including trust in the local government, personal experience, public perceptions and personal values. Using economics of information theory in which the cost of information is balanced against the benefits of the information, residents’ behaviour was classified into four categories: detached, vicarious, specific purpose and engaged. A tentative model of assurance emerged from the findings. The model provides a means of explaining the personal, institutional and exogenous conditions that affect the benefits and cost to residents of performance information. The emergent model was used to understand issues about the accountability of local government, and implications for community engagement, models of management and local government sustainability programmes.
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Hughes, Mark, and n/a. "The format effects of operating lease disclosures on the quality of decision-making by non-professional investors." University of Canberra. Law, 2003. http://erl.canberra.edu.au./public/adt-AUC20060203.114404.
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The recent proposal by the Group of Four Plus One to modify the accounting
treatment of operating leases has attracted considerable comment. However, a review
of the publicly available submissions to this proposal reveals that no one has
addressed the issue in terms of the primary objective of general purpose financial
reports, that is, to provide decision useful information to non-professional investors.
This thesis seeks to redress this gap by providing some evidence of the ability of nonprofessional
investors to evaluate operating leases as they are presented according to
current accounting standards and alternative presentation formats.
The thesis reports the results of an experiment carried out on surrogates for nonprofessional
investors. The main finding is that the vast majority of subjects were
unable to evaluate operating lease information when it was disclosed in the notes,
rather than reported in the body of the Statement of Financial Position. Subjects
consistently relied on reported figures and seemed unable to incorporate information
presented in the notes to the financial reports, even when the links between the notes
and the reported figures were made more obvious than is currently the case.
The finding has a number of implications. It would appear that the existing accounting
treatment of operating leases is the source of a structural information asymmetry, as a
substantial proportion of users were unable to evaluate information relating to
operating leases. This information asymmetry should be removed for reasons of
economic efficiency. The recent withdrawal by non-professional investors from
equity markets shows that non-professional investors will react strongly if they start to
doubt the ability of general-purpose financial reports to provide them with decision
useful information.
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Yahya, Sofri B. "The communicate effectivness of market risk disclosures in the annual reports of financial firms." Thesis, University of Southampton, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.249994.
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Al-Mubarak, Fuad. "The usefulness of corporate annual reports to investment analysts in Saudi Arabia." Thesis, University of Newcastle Upon Tyne, 1997. http://hdl.handle.net/10443/278.
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In a developing country such as Saudi Arabia where alternative sources of company information tend to be more limited in a quantity and quality, the role of corporate annual reports for investment activities assumes a much more dominant and prominent role than in the more advanced and economically developed countries. This study was undertaken to examine empirically the usefulness of corporate annual reports to investment analysts in Saudi Arabia and their role in the investment activities. Before undertaking the empirical investigation it was essential to provide a background of the economic and accounting environment under which the Saudi companies operate and investment activities being carried out. Three chapters are designed to fulfil this objective, these are Chapter 2,3 and 4. Chapter 5 is focused in reviewing the literature related to usefulness of financial information. This review is believed to be an important step in providing a framework for the empirical investigation. To achieve the main objective of this research which is to evaluate the importance of corporate annual reports to the investment analysts in Saudi Arabia, a questionnaire survey was carried out to obtain the investment analysts views of the annual reports, the importance they attached to them and the uses of these reports in their investment activities. The results of the survey are presented and discussed in chapters seven and eight. The statistical tests results show that Saudi Arabian investment analysts, despite the differences in their background characteristics, still regard corporate annual reports as the most important source of information for their investment activities. A summary of the main conclusions of the study, as well as a number of recommendations, are reported in the final chapter.
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Freixinho, Catarina Alexandra Fena. "Reporting earnings per share: Evidence from Portuguese annual reports." Master's thesis, NSBE - UNL, 2012. http://hdl.handle.net/10362/9582.
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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsThe importance of the Earnings per Share (EPS) has been increasing in the last decade and its disclosures have become more common. Still, there are no studies about EPS financial reporting in Portugal. Being so, this project offers a first analysis of EPS financial reporting in Portugal, reviewing the regulation, providing evidence on the current practices and presenting recommendations to improve them. It concludes that not all of the Portuguese companies are in compliance with regulation (IAS 33) regarding EPS; they only voluntarily disclose what is more favorable and the crisis of 2010 had a great impact on EPS amounts.
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Qiu, Xin Ying. "On building predictive models with company annual reports." Diss., University of Iowa, 2007. http://ir.uiowa.edu/etd/167.
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Mack, Janet. "An investigation of the information requirements of users of Australian public sector financial reports." Thesis, Queensland University of Technology, 2003. https://eprints.qut.edu.au/15854/1/Janet_Mack_Thesis.pdf.
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The emergence of new public management has been implicated in the changes that have occurred in the public sectors of western democracies. One outcome of these changes is that the public sector is expected to operate in a more commercial manner and that it be accountable not only for the money that it spends but also for the effectiveness with which it spends those funds. In response to these expectations, changes have occurred in both the accounting technologies and reporting mechanisms for the public sector. The Treasuries and Departments of Finance for each jurisdiction in Australia set accounting and financial reporting policy for the public sector. However, since the establishment of the Public Sector Accounting Standards Board in 1983, the commonwealth and state governments have shown a willingness to adopt standards issued by the accounting profession. The adoption of three specific public sector accounting standards developed by the accounting profession in accordance with the conceptual framework, mean that a financial reporting model, based on the private sector 'decision-useful model', has been adopted in the Australian public sector. The 'decision-useful model' incorporates dependent users who are reliant on general purpose financial reports to make economic decisions. The decision to adopt this model for all public sector reporting entities, did not receive unanimous support. The complexities of the public sector formed the foundation for critics to question the applicability of this model to the public sector. In addition, critics argued that the model lacked empirical substantiation. The purpose of this research is to determine the applicability of the 'decision-useful model' to the public sector by empirically identifying users of public sector general purpose financial reports and their information requirements. Prior empirical research has been piecemeal in terms of both scope and research method. As a result, it has not been cumulative. This research will refine and extend the work of previous studies in two ways. First, in terms of scope, it will encompass all public sector entity types and will address all three elements of the 'decision-useful model' - the identity of users, what information they use and their purposes for requiring information. Second, this research will adopt a method which directly accesses users across public sector entity types. As a consequence, an assessment is able to be made of the applicability of the 'decision-useful model' in general and its application to specific public sector entity types. The findings of this research indicate that the 'decision-useful model' is misspecified in the public sector and that there are significant differences among public sector entity types in terms of users and their information requirements. First, the classification of users as normatively determined is not exhaustive and includes a large representation of non-dependant users. Second, all users preferred performance information and narrative information was preferred over general purpose financial reports. Further, users considered that general purpose financial information was more useful for accountability purposes than for decision making. These results should be useful to policymakers and accounting standard setters in the future prescription of the contents of financial reports for public sector entities.
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Mack, Janet. "An Investigation of the Information Requirements of Users of Australian Public Sector Financial Reports." Queensland University of Technology, 2003. http://eprints.qut.edu.au/15854/.
Full textAbstract:
The emergence of new public management has been implicated in the changes that have occurred in the public sectors of western democracies. One outcome of these changes is that the public sector is expected to operate in a more commercial manner and that it be accountable not only for the money that it spends but also for the effectiveness with which it spends those funds. In response to these expectations, changes have occurred in both the accounting technologies and reporting mechanisms for the public sector. The Treasuries and Departments of Finance for each jurisdiction in Australia set accounting and financial reporting policy for the public sector. However, since the establishment of the Public Sector Accounting Standards Board in 1983, the commonwealth and state governments have shown a willingness to adopt standards issued by the accounting profession. The adoption of three specific public sector accounting standards developed by the accounting profession in accordance with the conceptual framework, mean that a financial reporting model, based on the private sector 'decision-useful model', has been adopted in the Australian public sector. The 'decision-useful model' incorporates dependent users who are reliant on general purpose financial reports to make economic decisions. The decision to adopt this model for all public sector reporting entities, did not receive unanimous support. The complexities of the public sector formed the foundation for critics to question the applicability of this model to the public sector. In addition, critics argued that the model lacked empirical substantiation. The purpose of this research is to determine the applicability of the 'decision-useful model' to the public sector by empirically identifying users of public sector general purpose financial reports and their information requirements. Prior empirical research has been piecemeal in terms of both scope and research method. As a result, it has not been cumulative. This research will refine and extend the work of previous studies in two ways. First, in terms of scope, it will encompass all public sector entity types and will address all three elements of the 'decision-useful model' - the identity of users, what information they use and their purposes for requiring information. Second, this research will adopt a method which directly accesses users across public sector entity types. As a consequence, an assessment is able to be made of the applicability of the 'decision-useful model' in general and its application to specific public sector entity types. The findings of this research indicate that the 'decision-useful model' is misspecified in the public sector and that there are significant differences among public sector entity types in terms of users and their information requirements. First, the classification of users as normatively determined is not exhaustive and includes a large representation of non-dependant users. Second, all users preferred performance information and narrative information was preferred over general purpose financial reports. Further, users considered that general purpose financial information was more useful for accountability purposes than for decision making. These results should be useful to policymakers and accounting standard setters in the future prescription of the contents of financial reports for public sector entities.
26
Atrill, Peter. "An examination of the role, content and utility of published interim financial reports." Thesis, Henley Business School, 1986. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.373084.
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Asseeri, Abdullah Ali Abdullah. "Income management practices of UK companies : an empirical and theoretical investigation." Thesis, University of Dundee, 1994. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.337720.
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Watson, Anna Elizabeth. "The voluntary disclosure of accounting ratios : a survey of disclosure practices and an investigation of company characteristics associated with disclosure." Thesis, Northumbria University, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.245263.
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Alrazeen, Abdulrahman M. H. "The quality of annual financial reports of Saudi corporations : users' perceptions and companies' practices." Thesis, Cardiff University, 1999. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.310676.
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Feige, Peter. "Communicating information via corporate reports : the potential and the limitations of financial accounting research." Thesis, University of Birmingham, 1995. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.633093.
Full textAbstract:
The present dissertation addresses itself to methodological issues in conjunction with financial accounting research. Its objective is to assess the implications of the nature of financial reporting information for the design of academic research in this discipline. In the thesis, 'classification models' of national financial accountancy systems and the methodology of 'positive accounting theory' serve as examples of contemporary research in the subject. These theoretical notions are subjected to scrutiny from two different perspectives. Firstly, they are critically evaluated on the basis of an abstract analytical line of reasoning. Secondly, a survey of the accounting policies of British and German chemical companies provides empirical evidence which complements the aforementioned abstract critique. The enquiry arrives at the conclusion that the claims to the achievement of high 'scientific standards' in their research which are typically advanced by the authors of international accounting 'classification models' and by certain advocates of 'positive accounting theory', ought to be qualified. The analyses carried out in this dissertation indicate that such claims are logically flawed, in that they proceed from a number of fundamental metatheoretical misconceptions. Moreover, they turn out to be empirically valid only up to a point if confronted with financial accounting data prepared in distinct economic and legal frameworks. The above-mentioned findings suggest that the very aims of academic research in financial accounting need to be thoroughly reconsidered as a prerequisite for the proposal of theoretical principles
31
Singh, Anil. "The information technology, risk and return triad : a longitudinal analysis of corporate financial data /." Digital version accessible at:, 1999. http://wwwlib.umi.com/cr/utexas/main.
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32
O'Sullivan, Madonna. "An Investigation of the Role Played by Corporate Governance in the Voluntary Disclosure of Forward-Looking Information and the Quality of Corporate Financial Reports." Queensland University of Technology, 2005. http://eprints.qut.edu.au/16459/.
Full textAbstract:
This study investigates the role played by corporate governance in the firm's decision to disclose forward-looking information in financial reports, as well as the quality of such reports. More effective corporate governance has often been linked to voluntary disclosure within the annual report (Karamanou and Vafeas 2005). Similarly, recent studies document a positive association between reporting quality and the standard of corporate governance (Wright 2001). This study proposes that stronger corporate governance will be associated with increased forward-looking disclosures in financial reports and higher financial reporting quality. The results indicate that audit quality, the presence and quality of board committees and the overall efficacy of corporate governance are positively associated with forward-looking disclosures in 2000. However, corporate governance does not have a positive association with such disclosures in 2002. Regarding the relationship between financial reporting quality and corporate governance, audit quality is the only governance variable that yields a significant result and is only associated with higher reporting quality in 2002.
33
Al-Hajji, Abdullah Yousef. "The usefulness of annual reports of Islamic financial institutions in GCC countries to investors : the case of Kuwait." Thesis, University of South Wales, 2003. https://pure.southwales.ac.uk/en/studentthesis/the-usefulness-of-annual-reports-of-islamic-institutions-in-gcc-countries-to-investors(591a36a3-ea5d-4b31-9ad7-b7a7ad865fa3).html.
Full textAbstract:
Over the last twenty years, there has been a rapid expansion of Islamic financial institutions that do not deal in interest-based transactions. The financial information of Islamic financial institutions issued in their annual reports is different in certain features from the annual reports offered by conventional financial institutions. This study attempts to investigate the usefulness of annual reports produced by these institutions to investors. In particular, the study is concerned with the perceptions of both institutional investors and customers in Kuwait about the annual reports of Islamic financial institutions. In addition, the study investigates the opinions of the preparers of annual reports of Islamic financial institutions in GCC countries regarding various aspects of the annual reports that could help investors make their investment decisions. To achieve the above objective, two types of questionnaires and interview were designed. The first type of questionnaire was carried out to solicit the investors' perceptions of annual reports, the importance they attached to them and the uses of these reports in their investment activities. The second type of questionnaire was specifically used to investigate the opinions of the preparers of annual reports regarding various aspects of annual reports that could help investors make their investment decisions. The interview method was mainly used to identify the customers' perceptions of Islamic financial institutions in Kuwait about the usefulness of these annual reports. The results of the questionnaire and the interviews indicated that the annual reports are considered by customers and investors to be the main source of information for investment decisions. The results also revealed that the timeliness and credibility of information were perceived by respondents as the most important qualitative characteristics that might affect the usefulness of information sources about the performance of Islamic financial institutions. Regarding the accounting regulation of financial information of Islamic financial institutions, the results indicated that there is a need for accounting information to be regulated in order to enhance the credibility of financial statements produced by these institutions and increase their comparability and transparency to the users.
34
Al-Ulis, Ibrahim. "Corporate financial reporting reform in economics in transition : the extent of compliance with international financial reporting standards disclosure requirements in annual reports." Thesis, University of Surrey, 2006. http://epubs.surrey.ac.uk/2730/.
Full textAbstract:
This thesis investigates the extent of compliance with International Financial Reporting Standards disclosure requirements in annual reports of listed companies in seven economies in transition countries in the Middle East region. This thesis extends the literature on corporate financial reporting in economies in transition. The adoption of International Financial Reporting Standards as one type of corporate financial reporting reform in economies in transition may increase the quantity and quality of corporate disclosure in annual reports, thus meeting the needs of market participants, particularly investors and creditors, and serving the purpose of economic reforms, in particular with regard to attracting foreign investments and retaining national capital and preventing capital leakage. To achieve the objective, the following analyses were conducted. First, the extent of compliance with International Financial Reporting Standards disclosure requirements in annual reports of listed companies was computed. The indexes of the extent of compliance with International Financial Reporting Standards disclosure requirements range from 23% to 90% with a mean of 69%. This indicates that there are substantial variations in the extent of compliance with International Financial Reporting Standards disclosure requirements in annual reports of listed companies in the seven countries. Second, a cross-sectional study was used to investigate what environmental factors were influencing variations in the extent of compliance with International Financial Reporting Standards disclosure requirements in annual reports of listed companies in the seven economies in transition. It was found that five variables can explain 75% of the cross-sectional variations in the extent of compliance with International Financial Reporting Standards disclosure requirements in annual reports. Of these variables, three are country-specific, namely level of foreign direct investment, capital market size and country governance regime, and two are firm-specific, namely company size and ownership structure were significantly associated with the extent of compliance with International Financial Reporting Standards in annual reports of listed companies in the seven economies in transition in the Middle East region. Consistent with the literature on disclosure and compliance with International Financial Reporting Standards, the results were mixed. The results suggest that it is the incentive of reforming the financial reporting environment, rather than the adoption of International Financial Reporting Standards per se that is crucial in corporate financial reporting reform for the seven economies in transition. This means that to achieve a high level of compliance with IFRS disclosure requirements in a country, a strong country governance regime with a high degree of political and economic freedom are needed.
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Benetti, Cristiane. "The role of accounting information and the relevance of IFRS : an international survey of financial officers, financial analysts and auditors." Thesis, Grenoble, 2011. http://www.theses.fr/2011GRENG010.
Full textAbstract:
L'objectif principal de cette étude est de déterminer comment les individus impliqués dans le processus de vue comptable, regardent le rôle de l'information comptable dans un environnement économique où les marchés financiers sont dominants. L'étude tente également de déterminer si International Financial Reporting Standards (IFRS) parti dans l'accomplissement de ce rôle. À cette fin, on compare les perceptions des directeurs financiers, les analystes financiers et les auditeurs de deux environnements de marché très différents, l'Europe comme une variable pour un environnement de marché de capitaux très développés et le Brésil comme une variable pour un environnement de marché des capitaux moins développé. Par le biais d'une enquête, nous voulons déterminer si les producteurs de données comptables (directeurs financiers), les utilisateurs de ces données (analystes financiers) et les contrôleurs de l'information comptable (auditeurs) partagent les mêmes vues sur l'utilité et les objectifs du processus de la comptabilité financière. L'extension de l'étude à plusieurs pays est un des moyens possibles pour déterminer si et comment l'environnement économique affecte l'opinion des personnes interrogées sur des informations comptables. Notre instrument d'enquête a été validé en trois langues (anglais, français et portugais) et utilisé dans six groupes de pays (un pour le Brésil, quatre groupes différents pour les pays européens et un pour les autres participants volontaires). Nous avons utilisé des statistiques descriptives et l'analyse des correspondances multivariée (ACM) pour faire notre analyse et interprétation des résultats. Nos résultats suggèrent que l'activité de nos répondants ont moins d'impact sur leurs réponses que les pays ou ils sont placésThe main objective of this study is to determine how individuals involved in the accounting process view the role of accounting information in an economic environment where capital markets are dominant. The study also attempts to determine whether International Financial Reporting Standards (IFRS) play a part in fulfilling this role. To this end, we compare the perceptions of financial officers, financial analysts and auditors from two distinctly different market environments, using Europe as a proxy for a highly developed capital market environment and Brazil as a proxy for a less developed capital market environment. By means of a survey, we want to identify whether producers of accounting data (financial officers), users of that data (financial analysts), and controllers of accounting information (auditors) share the same views on the usefulness and goals of the financial accounting process. Extending the study to several countries is a potential means for determining whether and how the economic environment affects the respondents' views of accounting information. Our survey instrument was validated in three languages (English, French and Portuguese) and applied in six groups of countries (one for Brazil, four distinct groups for European countries and one for other voluntary participants). We used descriptive statistics and multivariate correspondence analysis (MCA) to analyze and interpret the results. Our results suggest that the activity of our respondents has less influence on their answers than the country they work in
36
Fok, Davy Nai Hung. "A study of the form and content of investigating accountants' reports in prospectuses." Thesis, Queensland University of Technology, 1995. https://eprints.qut.edu.au/36281/1/36281_Fok_1995.pdf.
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This study has examined the form and content of 100
Investigating Accountants' Reports (IARs) contained in
prospectuses of companies. Hypotheses were developed to
test the variables that may affect investigating accountants in: (1) stating the level of assurance clearly and (2) presenting historical proforma financial statements. This study has also examined: (1) how investigating accountants stated the nature of their engagement; (2) reporting procedures of IARs; and (3) investigating accountants' opinion on financial forecasts. This study hopes to provide some insight for regulators and accounting bodies to determine if new regulations are required for IARs in order for investors to obtain the information "reasonably required" by them in making investment decisions.
37
Mak, Ka Ying Angela. "Processing Chinese corporate performance information via the signaled stopping technique." HKBU Institutional Repository, 1999. http://repository.hkbu.edu.hk/etd_ra/165.
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Khaledi, Soheila. "Corporate Risk Disclosure: A Content Analysis of Swedish Interim Reports." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-231965.
Full textAbstract:
The aim of this research is to examine the determinants of the level of corporate risk disclosure (CRD) in the interim reports of Swedish non-financial companies. A quantitative research approach is used, the sample data of which consist of 166 firms with 4,849 interim reports over a 10-year period. By utilizing the notion of risk and its definition, I have distinguished three categories of risk, namely risk as uncertainty, risk as threat and risk as opportunity. A systematic content analysis is conducted with the use of a software program, which is specifically designed for this purpose. The number of sentences that contain keywords related to the three risk categories is counted as the total CRD score, which is transformed to the disclosure index. I have examined the impact of firms’ characteristics and corporate governance mechanisms on the level of CRD based on agency theory. The ordinary least squares regression method with control for fixed year effects is used to analyse the data, which show that firm size and audit committee have a positive relationship with the level of corporate risk disclosure. The result demonstrates also that there is a negative relationship between family ownership and the level of CRD, and an insignificant relationship between leverage and the level of CRD.
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Binti, Sanayan Zarina. "The quality of Malaysian interim financial reports and the impact of corporate governance on the quality." Thesis, Cardiff University, 2013. http://orca.cf.ac.uk/45613/.
Full textAbstract:
This thesis examines the quality of Malaysian interim financial reports (interims) and the impact of corporate governance on the quality. The quality of interims is proxied by timeliness; compliance with the FRS 134, Interim Financial Reporting; compliance with the Bursa Malaysia Listing Requirements (BMLR); and comparability of profit and loss items when they were originally issued and placed in the next year’s corresponding quarter and comparison against the annual reports. Two methods are used to assess the quality of interims namely dichotomous and continuous. The first method provides one score for each proxy if it is in compliance and zero score otherwise and the latter method use the actual values. This thesis has found that the quality of interims is remarkably high for each proxy if a dichotomous method is used and it is moderate for continuous method. The lower quality is due to timeliness and comparability, because Malaysian companies are inclined to publish interims towards the end of the allowable period and most of the interims’is remarkably high for each proxy if a dichotomous method is used and it is moderate for continuous method. The lower quality is due to timeliness and comparability, because Malaysian companies are inclined to publish interims towards the end of the allowable period and most of the interims’ profit and loss items are not comparable. Consequently, compliance with the FRS 134 contributes the most to the quality of interims, while comparability contributes the least. Corporate governance is proxied by the frequency of directors’ meetings, independence, financial literacy, corporate governance expertise, and the ethnicity of directors. This thesis has found that all corporate governance variables are associated with the quality of interims except independence and corporate governance expertise. Despite these associations, multivariate regression reveals that the impact of corporate governance on the quality of interims is very low. These findings have implications for several users such as Malaysian regulatory bodies to ensure that PLC complied with the interim reporting standards; policymakers to ensure there is no misapplication of provision of accounting standards; protect shareholders to appoint appropriate composition of directors; and academicians for future research.
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Mühlbacher, Jürgen, Tom Siebenaler, and Ulrike Würflingsdobler. "The Rise of Non-financial performance Measures in Annual Reports. An Analysis of ATX-listed Companies." Faculty of Business and Management of Brno University of Technology, 2016. http://epub.wu.ac.at/6342/1/338%2D1496%2D1%2DPB.pdf.
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Purpose of the article: In the past, annual reports only included financial measures. More recently, this
shareholder value approach has been criticized of leading to a strategic short-term orientation. Consequently,
the use of strategic performance measurement systems (SPMSs), namely the Balanced Scorecard (BSC), is
proposed to communicate non-financial measures to investors and stakeholders. Besides the distribution of
critical information, the disclosure of non-financial measures should strengthen the employees' commitment
to the long-term strategy. The purpose of the article is thus to reveal whether Austrian companies disclose their
strategic performance measures in their annual reports.
Methodology/methods: Two observation points, 2002 and 2012, were chosen to analyse the annual reports of
companies listed on the ATX. This period of time allows to observe changes as well as new trends. The annual
reports have been downloaded from the companies' homepages or received via email or post. A document and
content analysis, followed by a frequency analysis, has been applied to identify several non-financial measures
with regard to the following BSC-derived perspectives: Customer perspective, internal business perspective
and innovation and learning perspective.
Scientific aim: The scientific aim of the following study is to examine the extent to which non-financial
performance measures are displayed in annual reports.
Findings: The analysis of the annual reports showed a tremendous increase in non-financial measures in
the time period between 2002 and 2012, which solely arose from the augmented disclosure activities of the
innovation and learning perspective. On the other hand, the customer and internal perspectives decreased
in importance. Moreover, the top ten measures in 2002 have changed and are dominated by diversity and
environmental issues in the year 2012.
Conclusions: Similar findings in the literature as well as the influence of legal disclosure requirements are
discussed. Possible limitations are the sole use of the Balanced Scorecard as a SPMS or the chosen time period
of ten years.
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West, Darron. "A review of disclosure in the annual financial reports of life insurance companies in South Africa." Master's thesis, University of Cape Town, 1999. http://hdl.handle.net/11427/9906.
Full textAbstract:
Includes bibliographical references.The globalisation of the South African economy and the recent corporate activity involving South African life insurance companies has renewed interest in financial reporting by these companies. There has been little development in guidance on reporting for long term insurers in South Africa since 1994 when AC121 "Disclosure in the Financial Statements of Long-Term Insurers" was published. South African life insurance companies have also fared poorly in recent Excellence in Financial Reporting surveys. Revisions to the reporting requirements of life insurance companies in the United Kingdom and Australia provide scope for the examination of the usefulness of the financial statements of life insurance companies in South Africa, by investigating the extent and adequacy of disclosure (as proxies for usefulness) by such companies in terms of local and international benchmarks.
42
Chan, Chi-Hung, and 詹啟弘. "Internationalization and Financial Reports Lag." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/65381367402183050193.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
102
The study aims to explore the effect of internationalization on the financial report lag. The sample firms include firms listed on the Taiwan Security Exchange Corporation and GreTai Securities Market in Taiwan during 2006-2012. Furthermore, this study chooses six international indicators, using principal component analysis to come up a compound index to be the proxy variable for internationalization. The empirical result of this study shows that the financial report lag is significant positive-correlated with internationalization. This study conducts several sensitivity tests, including replacing the six-index based internationalization index by the four-index based internationalization index test,replacing the financial report lag by the audit report lag, and electronics subsample/non -electronics subsample test.The results of these sensitivity tests are consistent with the main examination.
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Chen, Tsai-Lai, and 陳再來. "Institutional Investors and Financial Reports Lag." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/72313010674878500941.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
102
The study aims to examine the influence of different types of institutional investors on the timeliness of financial statements. The sample of this study consists of listed companies from 2006 to 2013 in Taiwan Empirical test results of this study are as follows: 1. Compared to other types of institutional investors, speculative institutional investors (i.e. institutional investors with high stockholding rates and high variation coefficient of stock holding rates) will strengthen company managers’ motivation to release financial statements earlier. Consequently, financial reports lag will be shorter. 2. Compared to other types of institutional investors, long-term institutional investors (i.e. institutional investors with high stockholding rates and low variation coefficient of stock holding rates) will extend the releasing time of financial statements. Consequently, financial reports lag will be longer.
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Su, Huey-Wen, and 司薈文. "Audit Committe and Financial Reports Lag." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/69296673871204313052.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
102
This study aimes to examine the impact of audit committee setup on financial report lag. The sample of this study consists of public companies listed on TSE and OTC from 2007 to 2014 in Taiwan. The empirical results show that financial report lag is significantly negative-related with dummy variable for audit committee setup; in addition, audit report lag is significantly negative-related with dummy variable for audit committee setup. Thses results prove that financial report lag and audit report lag are shorter in the companies with audit committee than companies without audit committee. This study conducts several sensitivity tests, including replacing dummy variable for audit committee setup by natural log of number of independent director in audit committee, and electronics subsample test. The results of these sensitivity tests are consistent with the main examination.
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Chou, Shu-Fen, and 周淑芬. "CPA Discipline and Financial Reports Lag." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/24483178313191443953.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
103
This study aims to explore the effect of CPA discipline on financial reports lag. The sample of this study consists of TSE- listed and OTC-listed companies from year 2006 to 2014. The empirical results of this study are as follows: 1.There is a significant-positive relationship between the Main CPA discipline dummy variable and financial reports lag, which indicates that the firms with the Main CPA being disciplined are more likely to release their annual reports lately. 2.In some tests, there is a significant-positive relationship between the Secondary CPA discipline dummy variable and financial reports lag, which indicates that the firms with the Secondary CPA being disciplined are more likely to release their annual reports lately.
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Cheng, Hao, and 鄭豪. "IFRS Adoption and Financial Reports Lag." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/57878353345782571692.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
104
This study aims to explore the effect of IFRS adoption on the financial report lag. The sample of this study consists of Taiwan public companies listed on TSE/OTC/ROTC during 2011-2015. This study exludes 2012 from the main test because 2012 is IFRS preparation year and almost all of listed companies disclose their financial report ator near the deadline of disclosure. The empirical results of the main test show that both of financial report lags and audit report lags are significantly reduced after IFRS adoption. This study can conclude that listed firms after IFRS adoption disclose their financial report earlier than listed firms before IFRS adoption. And auditors after IFRS complete their financial report auditing activities earlier than auditors before IFRS adoption. This study conducts several sensitivity tests, including using consolidated financial report lag, including 2012 sample firms, and electronic/non-electronic subsample. The empirical results of these sensitivity analyses are consistent with the main test results.
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CHEN, HUNG-FEI, and 陳虹妃. "Female Directors and Financial Reports Lag." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/65497980145720752156.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
104
This study aims to explore the effect of female directors on the financial report lags. The sample of this study consists of TSE-listed /OTC-listed/ROTC- listed firms from year 2008 to 2015. The empirical result of this study shows that both of financial report lags and audit report lags are significantly positive-related with female-director ratio. It is concluded that firms with more female directors complete their financial report auditing activities earlier and disclose their financial report earlier than firms with less female directors. This study conducts several sensitivity tests. The empirical results of these sensitivity analyses are consistent with the main test results.
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Tu, Yuan-yao, and 杜姮瑤. "Reclassification of Financial Assets and the Timeliness of Financial Reports." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/8rkm7c.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
100
In order to reduce the impact of Financial Crisis in 2008, IASB announced to amend the IFRS 7 and IAS 39 to relax the rules regarding to the reclassification of financial assets on Oct. 13 2008. The Accounting Research and Development Foundation in Taiwan also amended Taiwan’s SFAS 34 on Oct. 17 2008 to relax the rules regarding to the reclassification of financial assets. This research explores the effect of adopting of reclassification of financial assets on financial report lag. The empirical results show that the dummy variable for the reclassification of financial assets is significantly positive-related with financial report lag. This study conducts several robustness tests including financial report lag deflated by the average financial report lag of the previous 2 years test, the amount of financial assets reclassification test, audit report lag test et al. The empirical results of robustness tests show that the previous result remain robust to various tests.
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Tang, Chih-Ya, and 湯治亞. "Accountant's Legal Responsibility to Fraudulent Financial Reports." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/57552449953805966739.
Full textAbstract:
碩士東吳大學
法律學系
93
During recent years, the cases of accountant’s auditing failures have grown up in large scale, which causes both positive and negative evaluations toward the accountant’s role in the society. This research is to explore the accountant’s position and responsibility in the capital market. Firstly, I would like to examine Taiwan’s judiciary stance on the accountant’s legal responsibilities of fraudulent financial reports through case. This research is to analyze and review the judicial verdict grounds as well as attack & defense measures of both parties on the framework of responsibility, purpose, culpability, interested party, cause & effect, and petition right. Secondly, this research will conduct a complete exploration, from the prospect of accountancy application, on how accountants select clients, set up auditing risk coefficients, build up significant standard sums, plan on auditing tasks, execute auditing procedures, and finally issue the auditing reports. With regard to accountants’ legal responsibilities, the intention is to discuss civil, criminal, and administrative liabilities of accountant. On the part of civil liability, I would like to elaborate in three parts: Accountants’ legal responsibility to clients in Taiwan, Accountants’ legal responsibility to the third party in Taiwan, and Accountants’ civil liability to the third party in the US, concluding with “Sarbanes-Oxley Act of 2002”—the severest mop-up on corporate fraudulence in the American history. On the criminal liability aspect, this research will focus on how to judge accountants’ fraudulent condition as deliberate crime or significant mistake in hopes to build up a statistic data as judiciary reference. As to the administrative liability, this research is to evaluate the current penal system on accountants in Taiwan. In respect of the structure, the intention is to investigate accountants’ current practicing environment and the system of accountants’ liability insurance. Currently, benefits conflict as well as unbalanced demands and supplies between accountants and clients are the two most important and unconquered problems in the accountancy world. While referring to accountants’ liability insurance, present accountant law amendment has enforced corporate accountant firms to take out liability insurance. On the other hand, this research will compare the developments of accountant liability insurances between the US and Taiwan. Last of all, this research will make a clearer explanation on accountants’ civil, criminal, and administrative responsibilities, attempting to raise possible suggestions and improvements on securities exchange amendment as well as accountant law amendment in hopes to attain the win /win situation for both the public and accountants.
50
Lin, Yu-Ying, and 林玉英. "Internal Control Weakness and Financial Reports Lag." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/56865701431891158870.
Full textAbstract:
碩士輔仁大學
會計學系碩士班
101
The study aims to explore the effect of internal control weakness on the financial report lag. The sample firms include firms listed on the Taiwan Security Exchange Corporation and GreTai Securities Market in Taiwan during 2006-2012. Furthermore, this study uses the penalty cases of internal control weakness announced by the Financial Supervisory Commission to proxy internal control weakness. The empirical results show that financial report lags are significantly positive-related with internal control weakness. We can conclude that financial report lags of firms with worse internal control are longer than that of firms with better internal control. This study conducts several sensitivity tests, including replacing the internal control weakness variable by the amount of the penalty due to weak internal control, the frequency of the penalty due to weak internal control test and replacing audit change by audit firm change test etc. The empirical results of these sensitivity analyses are consistent with the main test results.