The effects of firm size, corporate governance quality, and bad news on disclosure compliance

被引：95

作者：

Ettredge, Mike ^{[1
]}

Johnstone, Karla ^{[2
]}

Stone, Mary ^{[3
]}

Wang, Qian ^{[4
]}

机构：

[1] Univ Kansas, Sch Business, Lawrence, KS 66045 USA

[2] Univ Wisconsin, Sch Business, Madison, WI 53706 USA

[3] Univ Alabama, Culverhouse Sch Accountancy, Tuscaloosa, AL USA

[4] Iowa State Univ, Coll Business, Ames, IA USA

来源：

REVIEW OF ACCOUNTING STUDIES | 2011年 / 16卷 / 04期

关键词：

Auditor change; Compliance; Mandatory disclosure; SEC staff comment letters; Size-based regulation; AUDIT COMMITTEE CHARACTERISTICS; EMPIRICAL-ANALYSIS; TAX COMPLIANCE; MANAGEMENT; RESIGNATIONS; RESTATEMENTS; FORECASTS; DIRECTORS; TURNOVER; REASONS;

D O I：

10.1007/s11142-011-9153-8

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Motivated by calls for increased compliance, size-based regulation, and continued exemption of small firms from internal control reporting requirements, we assess the incremental effects of firm size, corporate governance quality, and bad news on disclosure compliance. We examine compliance with the disclosure requirements of an SEC-mandated filing that requires no computations or complex judgments but is nonroutine and may reveal value-decreasing information (bad news) that otherwise would not become public. The disclosures studied are those that firms provide in Form 8-K Item 4 when changing external auditors. We find that noncompliant firms have lower quality corporate governance and less need for external financing but are not smaller than compliant control firms. Additional analyses indicate that compliance is negatively associated with bad news.

引用

页码：866 / 889

页数：24

共 50 条

[1] The effects of firm size, corporate governance quality, and bad news on disclosure compliance
Mike Ettredge
Karla Johnstone
Mary Stone
Qian Wang
[J]. Review of Accounting Studies, 2011, 16 : 866 - 889
[2] Corporate Control Contests and the Asymmetric Disclosure of Bad News: Evidence from Peer Firm Disclosure Response to Takeover Threat
Chen, Shuping
Miao, Bin
Valentine, Kristen
[J]. ACCOUNTING REVIEW, 2022, 97 (01): : 123 - 146
[3] Firm- and country-level antecedents of corporate governance compliance and disclosure in MENA countries
Sarhan, Ahmed A.
Ntim, Collins G.
[J]. MANAGERIAL AUDITING JOURNAL, 2018, 33 (6-7) : 558 - 585
[4] Corporate governance, size and disclosure of related party transactions, and firm value: Indonesia evidence
Utama C.A.
Utama S.
[J]. International Journal of Disclosure and Governance, 2014, 11 (4) : 341 - 365
[5] The Effect of Firm Size and Financial Performance on the Corporate Governance Disclosure Practices of Nigerian Companies
Foyeke, Oebigbemi Imoleayo
Iyoha, Francis Odianonsen
Ojeka, Stephen Aanu
[J]. CREATING GLOBAL COMPETITIVE ECONOMIES: 2020 VISION PLANNING & IMPLEMENTATION, VOLS 1-3, 2013, : 2045 - 2052
[6] Corporate governance, firm strategy disclosure, and executive compensation
Agapova, Anna
Volkov, Nikanor
[J]. ACCOUNTING AND BUSINESS RESEARCH, 2024,
[7] Firm performance and comply or explain disclosure in corporate governance
Rose, Caspar
[J]. EUROPEAN MANAGEMENT JOURNAL, 2016, 34 (03) : 202 - 222
[8] The substitutive relation between voluntary disclosure and corporate governance in their effects on firm performance
Luminita Enache
Khaled Hussainey
[J]. Review of Quantitative Finance and Accounting, 2020, 54 : 413 - 445
[9] The substitutive relation between voluntary disclosure and corporate governance in their effects on firm performance
Enache, Luminita
Hussainey, Khaled
[J]. REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING, 2020, 54 (02) : 413 - 445
[10] The joint effect of corporate risk disclosure and corporate governance on firm value
Haj-Salem, Issal
Damak Ayadi, Salma
Hussainey, Khaled
[J]. INTERNATIONAL JOURNAL OF DISCLOSURE AND GOVERNANCE, 2020, 17 (2-3) : 123 - 140

← 1 2 3 4 5 →