Abstract

http://ssrn.com/abstract=2139511
 


 



Corporate Governance and the Informativeness of Disclosures in Australia: A Re-Examination


Wendy Beekes


Lancaster University - Department of Accounting and Finance

Philip R. Brown


University of Western Australia - Department of Accounting and Finance; University of New South Wales - Australian School of Business; Lancaster University - Department of Accounting and Finance; Financial Research Network (FIRN)

Qiyu Zhang


Lancaster University Management School

June 3, 2014

Forthcoming in Accounting and Finance

Abstract:     
We re-examine the association between corporate governance and disclosures reported by Beekes and Brown (2006), using an extended time series of Australian data. Since the ASX corporate governance guidelines were introduced in 2003, firms generally have increased their disclosure frequency and demonstrated an improvement in the timeliness of bad news relative to good news, indicating a levelling of disclosure practices and greater transparency. Better governed firms have become more cautious in their disclosure practices. However they continue to be more balanced with respect to good and bad news timeliness. Changes to disclosure laws have also influenced company practices.

Number of Pages in PDF File: 48

Keywords: Corporate governance, Disclosures, Price discovery, Timeliness, Transparency

JEL Classification: G30, G38, M40

Accepted Paper Series


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Date posted: September 1, 2012 ; Last revised: June 10, 2014

Suggested Citation

Beekes, Wendy and Brown, Philip R. and Zhang, Qiyu, Corporate Governance and the Informativeness of Disclosures in Australia: A Re-Examination (June 3, 2014). Forthcoming in Accounting and Finance. Available at SSRN: http://ssrn.com/abstract=2139511 or http://dx.doi.org/10.2139/ssrn.2139511

Contact Information

Wendy Beekes (Contact Author)
Lancaster University - Department of Accounting and Finance ( email )
Lancaster LA1 4YX
United Kingdom
++44 (0)1524 593623 (Phone)
Philip R. Brown
University of Western Australia - Department of Accounting and Finance
School of Business, M250
35 Stirling Highway
Crawley WA 6009
Australia
+61 8 6488 2899 (Phone)
+61 8 6488 1047 (Fax)
University of New South Wales - Australian School of Business ( email )
Sydney, NSW 2052
Australia
Lancaster University - Department of Accounting and Finance ( email )
Lancaster LA1 4YX
United Kingdom
Financial Research Network (FIRN)
C/- University of Queensland Business School
St Lucia, 4071 Brisbane
Queensland
Australia
HOME PAGE: http://www.firn.org.au

Qiyu Zhang
Lancaster University Management School ( email )
Lancaster, LA1 4YX
United Kingdom
Feedback to SSRN


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