Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country

Alnabsha, A., Abdou, H., Ntim, C.G., and Elamer, A.A. (2017). Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country. Journal of Applied Accounting Research, Forthcoming.

44 Pages Posted: 8 Aug 2017

See all articles by Abdalrhman Alnabsha

Abdalrhman Alnabsha

University of Huddersfield, Business School, Students

Hussein Abdou

The Lancashire School of Business & Enterprise; Department of Management, Faculty of Commerce, Mansoura University

Collins G. Ntim

University of Southampton Business School, UK; University of Southampton

Ahmed A. Elamer

Brunel University London - Brunel Business School; Department of Accounting, Faculty of Commerce, Mansoura University

Date Written: August 6, 2017

Abstract

Purpose: This paper investigates the effect of corporate board attributes, ownership structure and firm-level characteristics on both corporate mandatory and voluntary disclosure behaviour in annual reports of Libyan firms.

Design/methodology/approach: Multivariate regression techniques are used to estimate the effect of corporate board and ownership structures on mandatory and voluntary disclosures of a sample of Libyan firms between 2006 and 2010.

Findings: First, we find that board size, board composition, the frequency of board meetings and the presence of an audit committee have an impact on the level of corporate disclosure. Second, this study finds an evidence that director ownership, foreign ownership, government ownership and institutional ownership have a non-linear effect on the level of corporate disclosure. Finally, we find that firm age, liquidity, listing status, industry type and auditor type are positively associated with the level of corporate disclosure.

Limitation: Future research could investigate disclosure practices using other channels of corporate disclosure, such as corporate websites. Useful insights may be offered also by future studies by conducting in-depth interviews with corporate managers, directors and owners regarding these issues.

Implication: Investors may also rely on such corporate governance characteristics to shape expectations about voluntary and/or mandatory information disclosure. Originality/value: Existing disclosure studies have mainly examined governance and voluntary disclosure relationship in non-listed firms. Our study, therefore, extends, as well as contributes to the existing literature by the examining the governance-disclosure nexus relating to both mandatory and voluntary disclosures in both listed and non-listed firms.

Paper type: Research Paper

Keywords: Corporate governance; Board and ownership structures; Corporate disclosure behaviour; Multi-theoretical perspective.

JEL Classification: G38

Suggested Citation

Alnabsha, Abdalrhman and Abdou, Hussein and Ntim, Collins G. and Elamer, Ahmed Ahmed, Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country (August 6, 2017). Alnabsha, A., Abdou, H., Ntim, C.G., and Elamer, A.A. (2017). Corporate Boards, Ownership Structures and Corporate Disclosures: Evidence from a Developing Country. Journal of Applied Accounting Research, Forthcoming.. Available at SSRN: https://ssrn.com/abstract=3014390

Abdalrhman Alnabsha (Contact Author)

University of Huddersfield, Business School, Students ( email )

Queensgate
Huddersfield, HD1 3DH
United Kingdom

Hussein Abdou

The Lancashire School of Business & Enterprise ( email )

The Lancashire Law School
Corporation Street
Preston, PR1 2HE
United Kingdom
00441772894700 (Phone)

Department of Management, Faculty of Commerce, Mansoura University ( email )

Mansoura, 35516
Egypt

Collins G. Ntim

University of Southampton Business School, UK ( email )

Southampton Business School
Highfield
Southampton, England SO17 IBJ
United Kingdom
+44 (0) 238059 4285 (Phone)
+44 (0) 238059 3844 (Fax)

HOME PAGE: http://www.southampton.ac.uk/business-school/about/staff/cgn1n11.page

University of Southampton ( email )

Southampton, SO17 1BJ
United Kingdom

Ahmed Ahmed Elamer

Brunel University London - Brunel Business School ( email )

Kingston Lane
Eastern Gateway Building
Uxbridge, Middlesex UB8 3PH
United Kingdom

Department of Accounting, Faculty of Commerce, Mansoura University ( email )

Faculty of Commerce, Mansoura University
Elgomhouria St.
Mansoura, Mansoura 35516
Egypt

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