Accounting Information Disclosure Research Articles

Research on ESG System Construction and Environmental Accounting Information Disclosure：A Case Study of CITIC Securities

Since the signing of the Paris Agreement, societal concern regarding climate change and sustainable development has grown exponentially. The construction of ESG (Environmental, Social, and Governance) frameworks and the disclosure of environmental accounting information have garnered significant attention. Constructing a financial ESG framework and refining its environmental accounting system holds paramount significance. This study employs a case study approach, using leading Chinese securities firm, CITIC Securities, as a focal point. It elucidates the complementary relationship between ESG frameworks and environmental accounting within financial institutions. Leveraging databases and publicly available information such as CITIC Securities' annual reports and corporate social responsibility report, the study systematically analyzes the development of CITIC Securities' ESG framework and the current status of environmental accounting information disclosure. Based on these findings, the study identifies issues in CITIC Securities' and other financial institutions' information disclosure practices, such as a tendency towards one-sided disclosure or the presence of "greenwashing" phenomena. Finally, the study proposes measures and recommendations in four key areas: standardization, enhanced disclosure, independent verification, and digitization empowerment.

ACCOUNTING INFORMATION DISCLOSURE: HOW FAR IS SO FAR

Purpose: Accounting information asymmetry increases moral hazard, agency costs, shareholders’ discontent, and further aggravates the discomfort of minority shareholders. As such, how far is so far when connecting information disclosure with firm characteristics has remained a debate. This study thus investigated the nexus between firm characteristics and accounting information disclosure with emphasis on the banking sub-sector in Nigeria.   Theoretical Framework: Accounting information disclosure is not hidden from theoretical discussions within the corridors of opportunistic behaviors, agency-theory and information asymmetry or information failure theory   Design/Methodology/Approach: Annual reports of eleven top banks in Nigeria were analyzed covering a period of 5 years from 2010 to 2014 using the firm characteristics – size, profitability, age, and international presence. A disclosure checklist consisting 137 voluntary items was developed and multiple regression analysis performed.   Findings: The results revealed a positive significant relationship between accounting information disclosure with age, international exposure, and a negative significant relationship was observed for profitability and size. Generally, the level of disclosure in the banking sector was found to be high at 62%.   Research, Practical & Social Implications: This study recommends accounting information democratization and sharing to build and restore confidence in banks’ activities and public perception.   Originality/Value: The investigation on how far is so far in accounting information disclosure should be perceived from the eye of the stakeholders investments. Be that as it may, it is only fair and ethically moral for persons/groups that have invested in a business and or in a bank to regularly have access to concrete and verifiable mandatory and voluntary information disclosure on the financial position of their hard-earn funds to make reasonable decisions.

Does social dishonesty accelerate corporate maturity mismatch of investment and financing?

This study investigates the effects of social dishonesty on the maturity mismatch of investment and financing in Chinese companies. Our findings reveal that social dishonesty significantly exacerbates the maturity mismatch, with the issue being particularly pronounced in non-state-owned enterprises, high-tech industries, and developed financial markets. Nevertheless, enhancing the quality of corporate accounting information disclosure, improving stock liquidity, achieving good ESG performance, and undergoing digital transformation can reverse the role of social dishonesty in exacerbating the maturity mismatch of investment and financing. This research highlights the significant influence of social dishonesty on corporate financial strategies within the framework of informal institutions.

Research on the Role of Accounting Information Disclosure and Corporate Governance Structure in Protecting Shareholders' Rights and Interests

The influence of accounting information disclosure and corporate governance structure on the protection of shareholders' rights and interests is a complex and key research topic. This paper discusses how accounting information disclosure and corporate governance structure work together to protect shareholders' rights and interests, aiming at revealing its internal mechanism and influence path. It is found that high-quality accounting information disclosure and optimized corporate governance structure can significantly enhance the protection of shareholders' rights and interests. First of all, transparent disclosure of accounting information helps shareholders to understand the financial situation and operating performance of enterprises, so as to make wise investment decisions. Secondly, an effective corporate governance structure can restrict the self-interest behavior of management, reduce the risk of insider control and further protect the rights and interests of shareholders. Therefore, for enterprises, it is very important to constantly improve the accounting information disclosure system and optimize the governance structure, which not only helps to enhance the overall value of enterprises, but also strengthens the trust and loyalty of shareholders to enterprises.

The Impact of Environmental Accounting Information Disclosure on Financial Risk: The Case of Listed Companies in the Vietnam Stock Market

This research study aims to assess the impact of environmental accounting information disclosure on financial risk within the context of Vietnam’s stock market. The data collection process involved 60 non-financial companies, carefully selected from both the pool of 100 Sustainable Companies listed in the “Programme on Benchmarking and Announcing Sustainable Companies in Vietnam (CSI)”, as organized by VBCSD, and companies outside this list. The data span a timeframe from 2018 to 2022. Afterward, we utilize regression models to assess relationships and employ the t-test to evaluate differences. The results indicate that environmental accounting information disclosure has an inverse effect on the financial risk of the current year and the following year. This implies that companies that are more transparent and proactive in reporting their environmental performance are likely to experience decreased financial risk. Furthermore, the results also show differences in financial risk between the group of companies within the “100 Sustainable Companies” list and the group of companies outside this list. This disparity underscores the potential financial benefits of being recognized as a sustainable company. Based on the findings, the research team has provided several recommendations to enhance environmental accounting information disclosure and awareness.

Research on Enterprise Green Accounting Information Disclosure under the Background of Low-carbon Economy

In order to explore the low carbon economic background of green accounting information disclosure, understand the industry how to adapt to the sustainable development and environmental trends, the article from the overview of the low carbon economy, analyzes the low carbon economy of home appliance enterprise green accounting information disclosure requirements, after according to the current home appliance enterprise green accounting information disclosure problems put forward the specific solutions, including encouraging home appliance enterprise voluntary disclosure of social responsibility information, improve the home appliance enterprise green accounting information disclosure constraint system, improve the home appliance enterprise green accounting information disclosure content, etc. Research shows that the green accounting information disclosure in the home appliance industry plays a key role in the era of low-carbon economy, and helps to improve the sustainability, transparency and credibility of enterprises. However, there are still some challenges, in order to achieve a greener and more sustainable economic development, home appliance enterprises need to further improve their green accounting information disclosure practices to meet the growing demand for environmental protection.

Environmental Accounting Information Disclosure and Shareholders Investment Decision in Listed Consumer Goods Manufacturing Firms in Nigeria

Adequate disclosure of information enhances investors’ confidence and decision making. The attainment of optimal investment decision making has remained one of the major goals of every shareholder and one of such shareholders’ investment decision is environmental accounting disclosure. Decision of shareholders to invest in consumer goods sector has negative effect on the growth of the sector. Studies have shown that not many listed consumer goods manufacturing firms have integrated environmental accounting information disclosure in their operations. Consequently, this study investigated the effect of environmental accounting information disclosure on shareholders’ investment decision using earnings per share in listed consumer firms in Nigeria. The E x-post facto research design was adopted in the study over the period 2012 to 2021. The population and sample size of the study was 21 and 16 respectively and purposive sampling technique was adopted. Based on the Global Reporting Index (GRI) 2013 criteria, data were gathered from the annual reports of the sampled firms through secondary method of data collection and multiple regression technique of data analysis was used for analysis. The findings showed that there is a positive and significant effect of community development disclosure and employee health and safety disclosure on shareholders’ investment decision making in Nigeria (Adj R2=0,091, F=5.945, p=0.001). The study concluded that environmental accounting disclosure influenced shareholders’ investment decision in listed consumer goods manufacturing firms in Nigeria. The study recommended among others, that management of listed consumer goods manufacturing firms should continue to increase community development disclosure and employee health and safety disclosure in order to boost earnings per share which will translate to increased shareholders’ investment decision-making because rational investors invest based on informed decision.

Environmental accounting information disclosure from the perspective of game theory

Environmental accounting information disclosure from the perspective of game theory

The Impact of Short Selling on the Quality of Accounting Information Disclosure of Listed Companies

As the capital market develops and matures, the requirements for the quality of accounting information of listed companies gradually increase. Under these circumstances, it is essential to verify whether implementing this system can improve the quality of accounting information and realize the effective allocation of resources. In order to empirically test the governance effect of short selling on the accounting information disclosure of listed companies, this paper uses the data of A-share listed companies from 2009 to 2011, uses the differential and probit model, and finds that short selling has no significant impact on the quality of information disclosure. China officially implemented the short-selling system on March 31, 2010. During the early stages of implementation, the trading volume of short-selling was small, and the scale of short-selling of listed companies was also small. Therefore, short-selling transactions in a short period of time will not significantly affect the quality of accounting information disclosure.

Analysis of the Influence of Accounting Information Disclosure on Investors' Decision-Making in Corporate Social Responsibility Report

This paper discusses the influence of accounting information disclosure on investors' decision-making and corporate social responsibility. First of all, accounting information disclosure provides investors with important data about the financial situation and operating performance of enterprises, helping them to evaluate investment risks and returns. Secondly, disclosure also reflects the fulfillment of corporate social responsibilities, including charitable donations, environmental protection, employee benefits, etc. Transparency, timeliness and information quality help to build investors' trust and attract more investment. In addition, the disclosure of accounting information will help investors better understand the risks and opportunities of enterprises and help them formulate more sensible investment strategies.

The application of RAGA-PP model in environmental accounting information disclosure of enterprises in heavy pollution industries

The global concern for environmental protection has driven the demand for corporate environmental accounting information, especially in heavily polluting industries. Currently, there are deficiencies in China's research on environmental accounting information and its institutional development, and there is an urgent need for improved evaluation systems and models. The study proposes the RAGA-PP model, which is an environmental accounting information disclosure evaluation model that combines accelerated genetic algorithm and projection tracing algorithm. The model is based on 28 secondary evaluation indicators and aims to optimize the projection tracing through the accelerated genetic algorithm with real number coding to improve the stability and accuracy of data analysis. The experiment proves that the evaluation error value of the RAGA-PP model is 3.45 % on average, which is significantly lower compared to 9.55 % of the ant colony algorithm. The results show that the RAGA-PP model has significant advantages in accurately evaluating the quality of corporate environmental information disclosure, which confirms its application value in environmental accounting information disclosure in heavy pollution industries. The purpose of the study is to promote the improvement of the environmental accounting information disclosure system and to provide support for enhancing corporate environmental awareness and social responsibility.

System Defects and Countermeasures of Information Disclosure of Listed Companies in China--Taking Accounting Information Disclosure as the Research Point

System Defects and Countermeasures of Information Disclosure of Listed Companies in China--Taking Accounting Information Disclosure as the Research Point

Research on Carbon Accounting Information Disclosure of BS Company

Research on Carbon Accounting Information Disclosure of BS Company

Research on Environmental Accounting Information Disclosure of Yankuang Energy

Promoting green development and promoting harmonious coexistence between humans and nature is an inherent requirement for the comprehensive construction of a socialist modernized country. Coal enterprises are an important component of China's energy industry, and while promoting high-quality economic development, they have also encountered a series of problems such as pollution before treatment and resource waste. In recent years, among the many binding regulations issued by the government, the requirement for enterprises to disclose environmental accounting related information has been given top priority. Based on this form, this article takes Yankuang Energy as the research object, mainly analyzing it from two aspects of disclosure methods and content, and proposing relevant suggestions for improving information disclosure, in order to promote sustainable development of enterprises.

Research on the Quality of Accounting Information Disclosure by Listed Companies under the New “Securities Law”

The “Securities Law” serves as the fundamental law governing the market, which influences and regulates the orderly development of the capital market. The revised “Securities Law”, officially coming into effect in March 2020, has introduced more detailed provisions on the disclosure of corporate accounting information, explicitly outlining the requirements for accounting information disclosure, and expanding the definition of “significant events”. It has increased the penalties for the management of listed companies and further regulated the healthy and orderly development of the capital market. By comparing the disclosure of corporate accounting information and penalties during the implementation period of the original law, this study aims to clarify the superiority of the new “Securities Law” in terms of the authenticity, speed, and quality of information disclosure by listed companies.

On the relationship between protection of proprietary information and transparency of accounting information

This paper explores the interplay between proprietary information leakage, intellectual property protection, and accounting transparency using data from A-share listed manufacturing companies (2019–2021). Findings include: 1) Firms with a higher risk of R&D information leakage show less accounting transparency, as management seeks to protect proprietary information and uphold their interests. 2) In regions with strong intellectual property protection, the incentive for management to reduce accounting transparency to safeguard proprietary information intensifies. Intellectual property protection level significantly impacts corporate accounting information disclosure.

Research on Accounting Issues of the Pension Insurance Fund for Urban Employees

Pension insurance is a vital component of China's social security system ensuring the welfare of the general public.This study centers on the revenue and expenses of City S's urban employee basic pension insurance fund. It introduces and analyzes the fund's accounting status from four key perspectives fund raising expenditure financial statement system and accounting information disclosure. The research identifies existing problems in City S's accounting system and conducts in-depth research on these issues. Furthermore an empirical analysis is conducted on the management of the pension insurance fund. Through this empirical study the paper aims to offer insights and recommendations for promoting stable and healthy development measures for City S's urban employee basic pension insurance fund.

Determinants of Strategic Management Accounting Information Disclosure under a Multi-Theoretical Framework: Evidence of Listed Firms on Ghana Stock Exchange

Sharing information is vital for decision-making as it helps mitigate risks by providing a wealth of relevant information. When the perceived risk is low, it ultimately reduces the costs associated with making a decision. Strategic Management Accounting Information is an important resource for decision-making. This study sought to identify the determinants of strategic management accounting information disclosure (SMAID) from multiple perspectives. The study used a non-experimental, quantitative correlational design to analyze 35 out of 36 firms listed on the Ghana Stock Exchange for a period between 2010 and 2019. The study employed a linear dynamic panel data model with a one-step system GMM. The model included lagged values of the dependent variable and accounted for unobserved panel-level effects. It was discovered that Board subcommittees have non-linear relationships with SMAID. The previous year's subcommittee negatively impacts SMAID, while the current year's has a positive influence. Past disclosures of strategic management and competitor accounting information have a positive impact on current SMAID. Past customer accounting information disclosures also positively influenced the current SMAID. The study reveals that past disclosures of strategic costing information positively and statistically affect current aggregate SMAID. It is recommended that firms establish effective board sub-committees that can provide oversight and guidance to the management team. Policymakers should consider enforcing the presence of such sub-committees to ensure high-quality and sufficient disclosure of SMAID. Maintaining a high level of SMAID from the previous year can positively impact the current year's SMAID, enabling firms to make better-informed decisions and enhance overall performance.

Sharia’s Accounting Information Disclosure, Accountability, and Auditor Independence Effects on Stakeholder Trust: Analysis on Sharia Companies in Capital Market

Businesses in the food and beverage sector have strong opportunities to grow in their operations because people consume more food and beverages. In order to calculate the level of future risk, data relating to financial proportions must be worked out in other financial investigation structures. Investigating the financial challenges faced by companies in the food and beverage sector that trade conventional and Islamic stocks on the Indonesia Stock Exchange is the aim of this study. The research examines the relationship between these factors and stakeholder trust in order to understand the impact of accounting practices and auditor independence on the trustworthiness of Sharia companies. The study utilizes quantitative and associative approach. By measuring linearly and clauses to describe the relationship between two or more variables, associative research techniques are a type of research that uses statistical calculations to test hypotheses. Audit delay is one of the things that tempts businesses to change auditors. This study supports the hypothesis that organizations that experience audit delays are more likely to change auditors in the next period in an effort to win back investor confidence. The test findings show that audit opinion, audit delay, and financial strain all impact auditor turnover at the same time. The research findings show that organizations that experience accounting losses do not experience financial difficulties directly. Usually, businesses whose shares are listed on the Islamic stock index have stronger financial strength.

Correlation of accounting information and the quality of accounting information disclosure —— From the listed companies related to the pension industry

This paper takes the sample of Shenzhen A-share pension industry in 2017-2020, and empirically studies the infect of accounting information correlation in the pension industry by quality of accounting information disclosure. The results show that the relevance of accounting information in the pension industry has a significant positive influence on the quality of accounting information disclosure; Meanwhile, the relevance of accounting information affects the quality of accounting information disclosure in different enterprises and different property rights.