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Corporate Governance And The Financial Reporting Process

Author

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  • Dumitru MatiÅŸ
  • Sorana Mihaela Mănoiu
  • Carmen Giorgiana Bonaci

Abstract

Our study approaches corporate governance in the context of the financial reporting process. From a theoretical point of view we draw on literature arguing that informational transparency connects corporate governance mechanisms and the financial reporting process with benefits for stakeholders. The empirical analysis being developed focuses on developing a corporate governance disclosure index for companies listed on the Bucharest Stock Exchange. Looking at similar studies in literature we further consider potential determinants of the disclosure index being computed. The employed research methodology relies on regression analysis. The obtained results document a low level of corporate governance disclosure and the external auditor belonging to the Big4 as a determinant of sample companies' corporate governance disclosure practices.

Suggested Citation

  • Dumitru MatiÅŸ & Sorana Mihaela Mănoiu & Carmen Giorgiana Bonaci, 2012. "Corporate Governance And The Financial Reporting Process," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-10.
    • Handle: RePEc:alu:journl:v:2:y:2012:i:14:p:10
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    References listed on IDEAS

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    1. Gary K Meek & Clare B Roberts & Sidney J Gray, 1995. "Factors Influencing Voluntary Annual Report Disclosures By U.S., U.K. and Continental European Multinational Corporations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(3), pages 555-572, September.
    2. Buzby, Sl, 1975. "Company Size, Listed Versus Unlisted Stocks, And Extent Of Financial Disclosure," Journal of Accounting Research, Wiley Blackwell, vol. 13(1), pages 16-37.
    3. Ionel-Alin IENCIU, 2012. "The Relationship between Environmental Reporting and Corporate Governance Characteristics of Romanian Listed Entities," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 11(2), pages 267-294, June.
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    Cited by:

    1. Delia Deliu, 2020. "Corporate Governance in Romania: Academic Literature Review and Research Perspectives," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 898-908, August.

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    More about this item

    Keywords

    Corporate governance; accounting information; financial reporting; disclosure index;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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