Impact of Stakeholder Characteristics on Voluntary Dissemination of Interim Information and Communication of its Level of Assurance

25 Pages Posted: 11 Dec 2007

See all articles by Lei Chen

Lei Chen

University of New South Wales (UNSW)

Elizabeth Carson

University of New South Wales

Roger Simnett

UNSW Australia Business School, School of Accounting

Abstract

Equity of access to information for listed entities is a key principle in an efficient and effective market. Direct mailing is a mechanism for achieving this. This study examines equity of access by identifying the half-yearly financial information, if any, voluntarily mailed out by Australian listed entities and associated stakeholder characteristics. We find that certain stakeholder characteristics (presence of audit committee and shareholder dispersion) are associated with voluntary mail-out of half-yearly financial information, along with certain control variables (size of entity, industry and audit opinion). This study further identifies that there are very few instances of the higher level of assurance (audit) being chosen, and where half-year information is disseminated there are very few instances of the level of assurance on this information being communicated to shareholders.

Suggested Citation

Chen, Lei and Carson, Elizabeth and Simnett, Roger, Impact of Stakeholder Characteristics on Voluntary Dissemination of Interim Information and Communication of its Level of Assurance. Accounting & Finance, Vol. 47, No. 4, pp. 667-691, December 2007. Available at SSRN: https://ssrn.com/abstract=1067085 or http://dx.doi.org/10.1111/j.1467-629X.2007.00224.x

Lei Chen

University of New South Wales (UNSW)

Kensington
High St
Sydney, NSW 2052
Australia

Elizabeth Carson (Contact Author)

University of New South Wales ( email )

Sydney, NSW 2052
Australia
+612 9385 5822 (Phone)
+612 9385 5925 (Fax)

Roger Simnett

UNSW Australia Business School, School of Accounting ( email )

Sydney, NSW 2052
Australia
+61 2 9385 5825 (Phone)
+61 2 9385 5925 (Fax)

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