Forward-Looking Information Disclosure and Corporate Governance:

مرکز و کتابخانه مطالعات اسلامی به زبان های اروپایی

منو

" Forward-Looking Information Disclosure and Corporate Governance: "
Ben K. Agyei-Mensah

Document Type	:	AL
Record Number	:	1063541
Doc. No	:	LA107170
Call No	:	‭10.1163/15692108-12341120‬
Language of Document	:	English
Main Entry	:	Ben K. Agyei-Mensah
Title & Author	:	Forward-Looking Information Disclosure and Corporate Governance: [Article] : Empirical Evidence from Year 2013 Listed Firms in Ghana\ Ben K. Agyei-Mensah
Publication Statement	:	Leiden: Brill
Title of Periodical	:	African and Asian Studies
Date	:	2018
Volume/ Issue Number	:	17/4
Page No	:	311–339
Abstract	:	This study investigated the influence of corporate governance on the disclosure of forward looking information by firms listed on the Ghana Stock Exchange. The forward-looking information used in this study were obtained from statements made for management in either the Managing Director or Board Chairman’s reports regarding future operating outcomes. The results of the extent of disclosure of forward looking information, mean of 35%, indicate that most of the firms listed on the Ghana Stock Exchange did not disclose sufficient forward looking information in their annual reports. The low level (35%) of forward looking information disclosure will also make it very difficult for the firms’ stakeholders to determine future performance of the company. In a country where corruption, even within the judiciary, is high one way of hiding corrupt practices is to hide information from the users of the financial reports. The results of the regression analysis indicate that board ownership concentration is the significant variable that explain the level of forward looking information disclosure. This study investigated the influence of corporate governance on the disclosure of forward looking information by firms listed on the Ghana Stock Exchange. The forward-looking information used in this study were obtained from statements made for management in either the Managing Director or Board Chairman’s reports regarding future operating outcomes. The results of the extent of disclosure of forward looking information, mean of 35%, indicate that most of the firms listed on the Ghana Stock Exchange did not disclose sufficient forward looking information in their annual reports. The low level (35%) of forward looking information disclosure will also make it very difficult for the firms’ stakeholders to determine future performance of the company. In a country where corruption, even within the judiciary, is high one way of hiding corrupt practices is to hide information from the users of the financial reports. The results of the regression analysis indicate that board ownership concentration is the significant variable that explain the level of forward looking information disclosure.
Descriptor	:	corporate governance
Descriptor	:	financial reporting
Descriptor	:	firm-specific characteristics
Descriptor	:	forward looking information
Descriptor	:	Ghana Stock Exchange
Descriptor	:	voluntary disclosure
Location & Call number	:	‭10.1163/15692108-12341120‬