Corporate Governance and Forward-Looking Information Disclosure: Evidence from a Developing Country

References

• Abraham, S., & Cox, P. (2007). Analysing the determinants of narrative risk information in UK FTSE 100 annual reports year? The British Accounting Review, 39(3), 227–248.
   Google Scholar
• Agyei-Mensah, B. K. (2018). Forward looking information disclosure and corporate governance: Empirical evidence from year 2013 listed firms in Ghana. African and Asian Studies, 17(4), 311–339.
   Web of Science ®Google Scholar
• Aljifri, K., & Hussainey, K. (2007). The determinants of forward-looking information in annual reports of UAE companies. Managerial Auditing Journal, 22(9), 881–894.
   Google Scholar
• Alsaeed, K. (2006). The association between firm-specific characteristics and disclosure: The case of Saudi Arabia. Managerial Auditing Journal, 21(5), 476–496.
   Google Scholar
• Barako, D. G., Hancock, P., & Izan, H. Y. (2006). Factors influencing voluntary corporate disclosure by Kenyan companies. Corporate Governance: An International Review, 14(2), 418–431.
   Web of Science ®Google Scholar
• Bowler, T. (2013, August 8). Zimbabwe: ‘Huge’ economic challenges after election. BBC News. Retrieved from https://www.bbc.com/news/business-23587667
   Google Scholar
• Bryman, A. (2008). Of methods and methodology. Qualitative Research in Organizations and Management: An International Journal, 3(2), 159–168.
   Google Scholar
• Bryman, A., & Cramer, D. (2007). Quantitative data analysis with SPSS for windows’. London: Routledge.
   Google Scholar
• Buertey, S., Sun, E.-J., Lee, J. S., & Hwang, J. (2019). Corporate social responsibility and earnings management: The moderating effect of corporate governance mechanisms. Corporate Social Responsibility and Environmental Management. doi:10.1002/csr.1803
   Web of Science ®Google Scholar
• Bushee, B. J., & Noe, C. F. (2000). Corporate disclosure practices, institutional investors, and stock return volatility. Journal of Accounting Research, 38, supplement: studies on Accounting Information and the Economics of the Firm, 171–202.
   Web of Science ®Google Scholar
• Celik, O., Ecer, A., & Karabacak, H. (2006). Disclosure of forward-looking information: Evidence from listed companies on Istanbul stock exchange (ISE). Investment Management and Financial Innovations, 3(2), 197–216.
   Google Scholar
• Eng, L., & Mak, Y. (2003). Corporate governance and voluntary disclosure. Journal of Accounting and Public Policy, 22(4), 325–345.
   Google Scholar
• Fama, E. F. (1980). Agency problems and theory of the firm. Journal of Political Economy, 88(2), 288–307.
   Web of Science ®Google Scholar
• Gamuchirai, C. (2014). Foreign investors and the performance of the Zimbabwe stock exchange in the multicurrency period. Retrieved from http://www.polity.org.za/article/foreign-investors-and-the-performance-of-the-zimbabwe-stock-exchange-in-the-multicurrency-period-2014-03-25
   Google Scholar
• Gandia, J. (2008). Determinants of internet-based corporate governance disclosure by Spanish listed companies. Online Information Review Journal, 32(6), 791–817.
   Web of Science ®Google Scholar
• Grossman, S. (1981). The informational role of warranties and private disclosure about product quality. The Journal of Law and Economics, 24(3), 461–483.
   Web of Science ®Google Scholar
• Hail, L. (2002). The impact of voluntary corporate disclosures on the ex-ante cost of capital for Swiss firms. The European Accounting Review, 11(4), 741–773.
   Google Scholar
• Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2009). Multivariate data analysis (7th ed.). New York: Pearson.
   Google Scholar
• Haniffa, R., & Cooke, T. (2005). The impact of culture and governance on corporate social reporting. Journal of Accounting and Public Policy, 24(5), 391–430.
   Google Scholar
• Hartzell, J. S., & Starks, L. (2003). Institutional investors and executive compensation. The Journal of Finance, 58(6), 2351–2374.
   Web of Science ®Google Scholar
• Herman, E. S. (1981). Corporate control, corporate power. New York: Cambridge university press.
   Google Scholar
• Hidalgo, R. L., García – Meca, E., & Martínez, I. (2011). Corporate governance and intellectual capital disclosure. Journal of Business Ethics, 100(3), 483–495.
   Web of Science ®Google Scholar
• Hussainey, K., & Al-Najjar, B. (2011). Future-oriented narrative reporting: Determinants and use. Journal of Applied Accounting Research, 12(2), 123–138.
   Google Scholar
• Jensen, M. C. (1986). Agency costs of free cash flow, corporate finance, and takeovers. American Economic Review, 76, 323–329.
   Web of Science ®Google Scholar
• Jensen, M. C. (1993). The modern industrial revolution, exit and the failure of internal control systems. The Journal of Finance, 48(3), 831–880.
   Web of Science ®Google Scholar
• Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
   Web of Science ®Google Scholar
• Kanagaretnam, K., Lobo, G., & Whalen, D. (2007). Does good corporate governance reduce information asymmetry around quarterly earnings announcements? Journal of Accounting and Public Policy, 26, 497–522.
   Google Scholar
• Kent, P., & Ung, K. (2003). Voluntary disclosure of forward-looking earnings information in Australia. Australian Journal of Management, 28(3), 273–285.
   Google Scholar
• Krause, J., Sellhorn, T., & Ahmed, K. (2017). Extreme uncertainty and forward-looking disclosure properties. Journal of Accounting, Finance and Business, 53(2), 240–272.
   Web of Science ®Google Scholar
• Lang, M., & Lundholm, R. (1993). Cross-sectional determinants of analyst ratings of corporate disclosures. Journal of Accounting Research, 31(2), 246–271.
   Web of Science ®Google Scholar
• Navarro, M. C. A., & Urquiza, F. B. (2015, April 28-30). Board of directors’ characteristics and forward-looking information disclosure strategies. Paper presented at the EAA Annual Congress, Glasgow. Retrieved from www.eaacongress.org/userfiles/GGMDLFL_FELHHL_MK3GL7UV.pdf
   Google Scholar
• O’Sullivan, N. (2000). The impact of board composition and ownership on audit quality: Evidence from large UK companies. The British Accounting Review, 32(4), 397–414.
   Google Scholar
• Palepu, K. G., Healy, P. M., & Peek, E. (2013). Business analysis and valuation: IFRS edition. Andover, MA: Cengage Learning.
   Google Scholar
• PriceWaterhouseCoopers Corporate. (2007). Reporting, guide to forward-looking Information. Retrieved from www.pwc.com/gx/en/audit … /860-global-forward-looking-guide.pdf
   Google Scholar
• Rogers, J., & Van Buskirk, A. (2009). Shareholder litigation and changes in disclosure behaviour. Journal of Accounting and Economics, 47, 136–156.
   Web of Science ®Google Scholar
• Ross, S. A. (1977). The determination of financial structure: The incentive signaling approach. Bell Journal of Economics, 8(1), 23–40.
   Google Scholar
• Solomon, J. (2010). Corporate governance and accountability (3rd ed). West Sussex: John Wiley and Sons Limited.
   Google Scholar
• Uyar, A., & Kilic, M. (2012a). Influence of corporate attributes on forward-looking information disclosure in public traded Turkish corporations. Procedia- Social and Behavioral Sciences, 62(2012), 244–252.
   Google Scholar
• Uyar, A., & Kilic, M. (2012b). The influence of firm characteristics on disclosure of financial ratios in annual reports of Turkish firms listed in the Istanbul stock exchange. International Journal of Accounting, Auditing and Performance Evaluation, 8(2), 137–156.
   Google Scholar
• Vanstraelen, A., Zarzeski, M. T., & Robb, S. W. (2003). Corporate nonfinancial disclosure practices and financial analyst forecast ability across three European countries. Journal of International Financial Management and Accounting, 14(3), 249–278.
   Google Scholar
• Wang, M., & Hussainey, K. (2013). Voluntary forward-looking statements driven by corporate governance and their value relevance. Journal of Accounting and Public Policy, 32(3), 26–49.
   Web of Science ®Google Scholar
• Watson, A., Shrives, P., & Marston, C. (2002). Voluntary disclosure of accounting ratios in the UK. The British Accounting Review, 34(4), 289–313.
   Google Scholar
• Wayne, S. U. (Jr) (2001). Business and Financial Reporting, Challenges from the New Economy: Financial Accounting Series. Retrieved from https:https://www.fasb.org/articles&reports/sr_new_economy.pdf
   Google Scholar
• Zikmund, W. G. (2010). Business research methods (6th ed.). Forth Worth, TX: Harcourt College Publisher.
   Google Scholar