The Convergence of Disclosure and Governance Practices in the Worlds Largest Firms

17 Pages Posted: 16 Mar 2007

See all articles by Antonio Parbonetti

Antonio Parbonetti

University of Padua

Gary Previts

Case Western Reserve University - Department of Accountancy

Garen Markarian

WHU - Otto Beisheim School of Management

Abstract

Many studies discuss convergence of cross-border governance and governance-related disclosure practices, but provide little empirical evidence to support their arguments and analysis. Our study examines the governance and disclosure practices of the world's largest transnational firms. Using a unique dataset of 75 large firms in two time periods, 1995 and 2002, we examine both the governance practices, and disclosures regarding those governance practices, across Anglo-Saxon and non-Anglo-Saxon firms. Results indicate that non-Anglo-Saxon firms have developed their governance practices towards promoting an independent mechanism of control, namely a mechanism that is more similar to an Anglo-Saxon governance regime. In regard to governance-related disclosure practices, results indicate that for both Anglo-Saxon and non-Anglo-Saxon groups, disclosure practices have been evolving and converging towards more disclosures regarding governance matters.

Suggested Citation

Parbonetti, Antonio and Previts, Gary J. and Markarian, Garen, The Convergence of Disclosure and Governance Practices in the Worlds Largest Firms. Corporate Governance: An International Review, Vol. 15, No. 2, pp. 294-310, March 2007. Available at SSRN: https://ssrn.com/abstract=972525 or http://dx.doi.org/10.1111/j.1467-8683.2007.00561.x

Antonio Parbonetti (Contact Author)

University of Padua ( email )

Via del Santo 33
Padova, 35123
Italy
+39 049 8274261 (Phone)

Gary J. Previts

Case Western Reserve University - Department of Accountancy ( email )

Cleveland, OH 44106-7235
United States
216-368-2074 (Phone)
216-368-4776 (Fax)

Garen Markarian

WHU - Otto Beisheim School of Management ( email )

Burgplatz 2
Vallendar, 56179
Germany

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
17
Abstract Views
973
PlumX Metrics