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Web‐Based Disclosure About Value Creation Processes: A Monitoring Perspective

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  • DENIS CORMIER
  • WALTER AERTS
  • MARIE‐JOSÉE LEDOUX
  • MICHEL MAGNAN

Abstract

Adopting a monitoring perspective, this study aims to explain how and why firms provide web‐based disclosure about their value creation and its underlying processes. We rely on the balanced scoreboard approach to measure disclosure. Our results suggest that costs incurred by capital markets' participants as well as monitoring by the board and the media drive disclosure. Moreover, we argue and document that a firm's disclosure is actually a part of its governance configuration and influences some board processes.

Suggested Citation

  • Denis Cormier & Walter Aerts & Marie‐Josée Ledoux & Michel Magnan, 2010. "Web‐Based Disclosure About Value Creation Processes: A Monitoring Perspective," Abacus, Accounting Foundation, University of Sydney, vol. 46(3), pages 320-347, September.
    • Handle: RePEc:bla:abacus:v:46:y:2010:i:3:p:320-347
    DOI: 10.1111/j.1467-6281.2010.00321.x
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