Dissemination Of Financial Information Research Articles

On Analyzing the Linguistic Features of English Financial Reports

This study is dedicated to exploring and analyzing the unique characteristics of English financial reports in terms of language usage, aiming to reveal their unique style and expression from various levels, such as vocabulary, syntactic structure, semantic comprehension and rhetorical strategies. By systematically comparing the linguistic characteristics of English financial reports with those of other news genres, this dissertation aims to provide readers with a basis for in-depth understanding of English financial reports, and then provide theoretical references and practical guidance for the future development of the field of financial information dissemination and news reporting practice.

Pentingnya Transparasi: Kurangnya Komunikasi di Perusahaan Pt Garuda Indonesia (Persero) Tentang Kisruh Lepkuei Garuda dan Ojk Mengenai Analisis Laporan Keuangan

This journal reveals issues at PT Garuda Indonesia (Persero) due to a lack of communication involving the Lapkeu Garuda turmoil, which implicates the OJK (Financial Services Authority), primarily stemming from miscommunication problems between the OJK and Garuda Indonesia's management. Insufficient communication adversely impacts the company's performance and results in inaccurate and non-transparent financial reporting. Utilizing a qualitative literature review method, this research investigates various relevant literature sources on the topic. The study aims to explore the significance of transparency concerning the communication deficit at PT Garuda Indonesia (Persero), particularly regarding the Lapkeui Garuda turmoil and the OJK's role in financial statement analysis. This journal provides practical implications, indicating that transparency in financial reporting is not only an obligation but also a long-term investment for sustainability and company growth. The company needs to enhance both internal and external communication and improve collaboration with regulators to ensure adequate transparency in financial information dissemination. Collaborative efforts will aid in restoring stakeholder trust, reducing reputation risks, and establishing a strong foundation for sustainable business growth.

Membangun Platform Digital Desa Margamulya Tanjung Kait Untuk Menuju Masyarakat Society 5.0

The village of Margamulya Tj. Kait is one of the foster villages of LPPM Ukrida. From the results of interviews and direct observations, there are several main issues faced by partners, including: limited access and dissemination of financial information and village profiles to external parties as well as to the villagers themselves. Community service is conducted by utilizing technology to develop a digital village community ecosystem where social media-based platforms serve as everyday communication, socialization, and collaboration tools. The implementation method is carried out through: (1) development of social media platforms; (2) training on platform usage. With the developed social media platform program, the target output is achieved through the evaluation of activities, where the benefit of interaction between village officials and villagers, as well as the dissemination and access to important information, becomes easier. Keywords: digital platform; village digitalization; digital village; margamulya village

Research on strategies to enhance the effectiveness of financial information dissemination under the background of rural revitalization

This paper aims to put forward optimization strategies for the shortcomings of rural financial information dissemination, so as to improve the effectiveness of financial information dissemination in rural areas，so as to form a win-win situation of two-way financial information interaction between rural commercial banks and farmers, stimulating rural development. Under the background of rural revitalization, financial information dissemination can help financial enterprises establish brand image and promote financial products and services, which plays a significant role in getting through the "last mile" of Inclusive finance. At present, facing the dual effects of policy environment and market environment, banks and other financial institutions are altering their focus and continuously increasing the dissemination of rural financial information. However, due to the influence of multiple factors such as regional environment and audience characteristics, related products, services and financial knowledge have not been fully, sufficiently and effectively disseminated. This paper takes the communication behavior of farmers and rural commercial banks in Jiangsu as the research object.In order to integrate into consumers' life and understand consumers' exposed or potential needs, we analyze the characteristics of information communication and audience in rural areas in the form of questionnaire and written interview, and put forward targeted optimization strategies according to the problems and difficulties existing in the current actual communication, so as to improve the effectiveness of financial information communication.The innovative feature of this paper is to carry out interdisciplinary research, cross integrate the theories of Journalism and communication and finance, and apply the information communication theory in journalism and communication to the field of finance.

The Real Effects of Financial Information Dissemination on Innovation: Evidence from the EDGAR Implementation

The Real Effects of Financial Information Dissemination on Innovation: Evidence from the EDGAR Implementation

Does Political Oversight of the Bureaucracy Increase Accountability? Field Experimental Evidence from a Dominant Party Regime

Concerned with poor service delivery, a large literature studies accountability of politicians to voters. This article instead considers accountability relationships within governments—the ability of politicians to implement policies by holding bureaucrats responsible for their actions. In collaboration with the Ugandan government, I conducted a field experiment across 260 local governments. The objective of the reform was to empower local politicians to exercise closer oversight over the bureaucracy through training and the dissemination of financial information. Lowered oversight costs increase politicians’ monitoring effort and the quality of services, but only in areas where the political leadership is not aligned with the dominant party. In areas under ruling-party control, politicians fear uncovering mismanagement of funds. In contrast to scholars arguing that insulating bureaucrats allows them to do their jobs more effectively, these findings imply that increased political oversight can improve government responsiveness in settings with a modicum of party competition.

Poets of Promotion: Corporate Personality and Crowd Psychology in Guy Thorne and Leo Custance’s Sharks (1904)

Abstract This article deals with the relationship between fin-de-siècle crowd psychology and joint-stock companies in late Victorian and early Edwardian financial novels, most notably Guy Thorne and Leo Custance’s Sharks (1904). This satirical novel is not only an anatomy of the turn-of-the-century joint-stock economy, but also a critical examination of the legal principle of corporate personality and the ontology of the financial corporation. Tracing the launch and life of a ridiculously speculative joint-stock company, and employing a central metaphor of emergent corporative agency drawn from contemporary crowd psychologists such as Gustave Le Bon, the novel applies the formal logic of incorporation as a narrative principle and constructs a dystopic, farcical vision of the possibilities inherent in joint-stock companies for organizing, ordering, and connecting individuals. The article argues that, by positing the corporate person as a beheaded Leviathan, the novel portrays joint-stock business, and particularly the promotion of new companies, as an eminently imaginative kind of work, involving not simply the dissemination of financial information, but also an affective preconditioning of the investing public by means of an excessive production of texts across the period’s booming print industries.

Privately-Held Companies: Legislation, Regulation, and Limited Dissemination of Financial Information

Publicly-traded companies have reporting and disclosure requirements set by the U.S. Securities and Exchange Commission (SEC), which includes the public disclosure of financial statements and an annual 10-K report. In contrast, privately-held companies most often do not meet the SEC filing requirements, and therefore, are not required to disclose financial information. For investors and business researchers, this can provide clear challenges for researching privately-held companies. This paper first highlights a sample of the significant legislation and rules affecting disclosure requirements of public and private companies. Then, it offers other government sources for company and industry financial information. Finally, it suggests further resources to educate business owners, investors, and business researchers.

Industry 4.0: Employers Expectations of Accounting Graduates and its Implications on Teaching and Learning Practices

This study aims to examine employers’ expectations of knowledge and skills in accounting graduates before hiring them. Using a qualitative approach on accounting practitioners and academics, this study shows that the expectations employers place on accounting students in the Industry 4.0 environment is set to change significantly, particularly in technologies used in the preparation, reporting and dissemination of financial information. Specifically, this study showcases the strong views expressed by a panel of experts comprising accounting practitioners, particularly on the subjects of job redundancies and the degree of replacement of human activities by electronic devices and machines. The replacement of physical human activities by machines is therefore expected. In addition, accounting practitioners see the need for accounting graduates to focus on continuous learning and education, particularly in acquiring knowledge and skills in IT. Hence, there is a need for academics and universities to incorporate various accounting technologies and simulations that are applicable to the Industry 4.0 environment, in their teaching and learning activities. This study contributes to existing education literature by providing new findings on the expectations of employers of future accounting graduates. In addition, this study contributes to the further understanding of academics and universities in strategizing ways and innovating new teaching and learning approaches so that accounting graduates’ employability can be enhanced and the needs of the current market for accountants can be accommodated.

Operation of the Information Monitoring System for the Optimization of the Processing Time and the Dissemination of Financial Data

In this paper, we propose the concept of "information monitoring system "; we indicate its usefulness in the process of informative anticipatory system, in the face of the problem of financial information overload caused by the use of ICT. We present a grid of analysis of the accounting process in an indebted company. The concept is useful when the information intelligence is oriented "exploitation of the information anticipatory" for the anticipation, these being embedded in large financial data. Our experimentation on the problem studied will show us that these tools are effective to optimize the time of processing and dissemination of financial information for decision-making.

TEORI GRAF DALAM ANALISIS JEJARING SOSIAL: HUBUNGAN AKTOR UTAMA DENGAN PENGGUNA INTERNAL LAPORAN KEUANGAN

The position of a person in a network or within an organization is not only determined by how many people are connected to a person, but another important point of focus is whether a person is the link or bridge of people who have multiple networks. Social Networking Analysis plays an important role in describing the interaction of informal human interaction as a real situation. The form of social network that can be analyzed in this research is the main actors preparing the financial statements up to the network use of financial statements. This study aims to analyze social networking on financial information dissemination structure based on company organizational structure in general and structure of finance division in particular. By using Gephi software, the structure of financial information dissemination is transferred into mathematical form (graph theory), is then analyzed and is taken conclusion from social networking that happened based on properties/features of the formed graph. The results concluded that the main actors in the network of organizational structure in the dissemination of financial information is the accounting and finance department that has the three largest information networks as information brokers, which are financial director, production director and personnel director.

Information Acquisition in the Era of Fair Disclosure: An Application of Asymmetric Awareness

AbstractAs the cost of financial information dissemination continues to decline, investors, firms, and regulators are gradually adopting the principle of fair disclosure, which requires no preferential public disclosure. We use a simple model to examine the impact of this change on information acquisition with two alternative assumptions: (1) Investors have symmetric awareness about the underlying uncertainties, or (2) this awareness is asymmetric among them. Under the first assumption, the change reduces information asymmetry among investors and induces acquisition of high-quality information. Under the second assumption, however, the reduction of information asymmetry may be limited, and information acquisition is either reduced or less efficient. Specifically, investors with high awareness may either acquire high-quality information at a higher cost or not acquire it; investors with low awareness only acquire low-quality information. The loss in overall information quality is greater when awareness asymmetry is moderate than when it is high or low; this causes information asymmetry between the insiders and outside investors as a whole. These results offer explanations for intriguing empirical findings regarding the effect of a recent accounting regulation (Regulation Fair Disclosure).

Does herding behaviour vary in bull and bear markets? Perspectives from Egypt

This paper aims at examining the existence of herding behaviour in two opposite market condition: bullish and bearish. The paper extends Christie and Huang (1995) and Chang et al. (2000) methods. The sample includes daily and monthly data of Egyptian listed companies from January 2007-December 2012. The results show that: a) firms exhibit herding behaviour when the market is down; b) the Egyptian market is inefficient during bull and bear markets; c) there is asymmetric effects of trading volume and volatility on herding behaviour. The paper contributes to the literature as it shows the determinants of herding behaviour in a small market where dissemination of financial information is relatively slow and uncertainty is relatively high, thus herding differs during bull and bear movements. The paper carries practical implications in terms of detecting mispricing of stocks and market destabilisation.

Value-relevance of financial statements

Purpose– The Chinese capital markets are divided into two segments comprising of A-shares (traded by domestic investors) and B-shares (traded by foreign investors). Firms issuing A-shares are required to produce accounting reports under the Chinese Accounting Standards (CAS) and firms issuing B-shares are required to report under the International Accounting Standards (IAS). The purpose of this paper is to investigate the comparative value-relevance of accounting information in the Chinese capital markets, in particular whether the value-relevance associated IAS exceeds that of CAS.Design/methodology/approach– This study undertakes a capital market research approach. Two statistical models are employed to test the value-relevance of competing accounting information on share prices: the Price Model and the Return Model. This study takes advantage of the parallel reporting frameworks governing the A-share and B-share markets buy using the same firms which issue both A-shares and B-shares.Findings– The analysis supporting the study demonstrates that both CAS and IAS information is value relevant to investors in the Chinese capital markets but that IAS provide more useful information. Additionally it is observed that reconciliation variables (representing the discrepancy between IAS- and CAS-based accounting figures) are not significant in explaining market valuation or returns on stock.Research limitations/implications– This study provides evidence of value-relevance of accounting reports on the Chinese capital markets for the period of 1999-2005. The period under investigation captures the significant development in China's accounting regulations which took place in 1998 and 2001. The recent shift in accounting regulations in China from CAS to IAS is expected to improve the dissemination of financial information by publicly listed Chinese firms.Practical implications– This study investigates the reporting requirements on the Chinese capital markets during a period in which accounting reporting requirements underwent a significant change as part of the internationalization of accounting standards. Both A- and B-share markets were investigated simultaneously in order to provide an objective analysis and avoid sampling selection bias present in other studies.Social implications– The recent shift in accounting regulations in China from CAS to IAS is expected to improve the dissemination of financial information by publicly listed Chinese firms.Originality/value– This paper extends previous research on value-relevance of accounting reports in the Chinese capital markets by capturing the period in which the reporting requirements had experienced significant change. This paper also takes advantage of the dual reporting framework in order to mitigate potential sampling bias present in previous studies and employs a reconciliation variables not previously used.

The Agency Theory: The Main Foundational Base to Explain the Auditing in Portuguese Investor-Oriented Firms

In today's society, theories justifying auditing have to be framed in the social and cultural context in which this branch of knowledge exercises a fundamental and credible role in the dissemination of financial information. Today, the audit is an important control mechanism of any economic system. Therefore, finding a suitable theory to explain its existence, in a context of constant change and within a contradictory debate underlying the various approaches until now put forward by English-speaking authors is an academic requirement, an intellectual challenge and an important contribution to a more appropriate and universally accepted conceptual framework. We also carried out an empirical study with Portuguese auditing professionals in order to investigate how they interpret and explain the existence of the audit in society. Aims: The study aims a framework of agency theory in the justify theory of audit, by testing the following hypothesis: H1 – audit professionals in Portugal interpret the audit based on agency theory; H2 – audit professional in Portugal explain its existence based on information theory. Study Design: Overview of the different theories that justify audit and their successive integrations. Place and Duration of Study: Portugal, between 2009 to 2010. Methodology: Interpretative and a field survey of 1275 enquiries to professionals and higher education auditing teachers. Original Research Article British Journal of Economics, Management & Trade, 4(2): 275-304, 2014 276 Results: Response rate was 447 (35%) consisting of 51 (4%) for internal auditors, 25 (2%) for court auditors, 159 (12%) for higher education teachers and 212 (17%) for statutory auditors. Three hypotheses were tested using X at 0.95 level of confidence and 0.05 level of significance. X indicates that the factors indicated do not influence the answers given. All areas of professional activity have values p<0.05, indicating that these professionals demonstrate a preference for information theory with the exception of auditor’s with connections to international network, who indicate a greater extent agency theory. Conclusion: The study shows that the credibility theory and agency theory, as an attempt to explain reality, are too reductionist, their approach being too focused on particular or atomized aspects, and therefore do not achieve a reasonable level of general acceptance. In turn, a more in-depth analysis of the content of each explanatory theory, points to the existence of firm connecting links between them, and suggests that agency theory is a deeper, more concrete, rational and suitable explanation in relation to the present economic environment, characterised by a permanent conflict of interests, although in Portugal, the empirical evidence points to information theory.

Development of Geospatial Information System Database for Banking Facilities within Gusau Metropolis, Zamfara State, Nigeria

The technological development and progress of geographical world is taking place in a very fast pace. This necessitates having a system capable of manipulating spatial and non-spatial data in digital form and giving the output in short time. GIS can be used by companies to site new locations to take advantage of previously underserved market. In recent years, the banking industry has been undergoing drastic changes, reflecting a number of underlying developments. Significant advancements in communication and information technology accelerated and broadened the dissemination of financial information and financial services and also increased the complexity. Another key impetus for change has been the increasing competition among a broad range of domestic and foreign institutions in providing banking and related financial services. Regulations are forcing the banks to adopt better operational strategies and upgrade their skills. All these factors throw more challenges to banking sector. Unfortunately, the distribution of these facilities in Gusau metropolis is quite uneven, which make customer waste time and fuel in getting access to such facilities. IKONOS satellite imagery (1m resolution) was geo-referenced and digitized showing the location of each and every banking facility in the study area. The geo-database was created using Ms Excel 2007, and ArcGIS 9.3 software. The database was queried and the results were analyzed. The results showed the locations of these facilities and how secured they are, by relating their distribution with that of the security agencies.

"Dissemination Of Financial Information Into The Publicsector - An Approach From The View Of The Central Public Administration Entities From Romania "

The dissemination of financial information into the sector ensures and develops thetransparency and trust of the community into the state entities. In this context, the undertakenqualitative research has as objective to identify the extent to which the entities belonging to thesector of central public administration from Romania disseminate financial information in order toshape a trend of financial transparency. The research results have shown that disseminationthrough the agency of the official sites of financial information on the basis of complete financialreports is limited. This limitation is shown also in the direction of disseminating financialinformation on the basis of the individual components of the financial reports. Most of the entitiesfrom the central public administration disseminate on the official sites information regarding thebudget of revenues and expenses, net monthly wages and activity reports and only two entities donot offer financial information. In temporal terms, the timely extent of the financial informationdisseminated is relative, it prevails the dissemination of retrospective financial information, whilethe prospective information is reduced. This survey was foregone by the identification ofapproaches in respect of the dissemination of financial information into the public sector both fromthe view of the academic environment, and the professional one, at national and international level.In this respect, the research has shown that adopting the International Public Sector AccountingStandards (IPSAS) into the process of financial reporting ensures and promotes transparency,completeness, credibility, relevance and comparability of financial information into the publicsector entities.

Effect of Local Government Financial Information Communication on Transparency , Citizenry Participation and Infrastructural Development in Imo State , Nigeria

Financial information communication is a deterrent to mismanagement of funds and leads to transparency. The aim of this survey was to determine the effect of financial information dissemination by the local governments in Imo State, Nigeria on infrastructural development, empowerment of the citizens and their participation in developmental issues, and the local government’s transparency in the utilization of funds allocated to and generated by the local governments. Questionnaire was used in data collection while Statistical Package for Social Sciences (SPSS) was used for the analysis of the data and test of the hypotheses. Spearman Correlation statistics was utilized to test all the three hypotheses at 95% (0.05) significance level. Result was represented in discrete figures, percentages, graphs and tables. The research discovered that there is a positive interrelationship between financial information communication and infrastructural development, citizens’ participation and development. The research recommended that a body be empowered by the federal government to ensure that the local governments disseminate financial information to the citizens since it helps in development of the local governments.

Asymmetric trading by insiders – comparing abnormal returns and earnings prediction in Spain and Australia

AbstractThis paper examines whether the ‘external governance’ imposed by comparative financial accounting standards reduces the trading advantage of insiders. We do this by directly comparing insider trading returns and insider’s ability to predict future earnings from accruals in Spain and Australia. Results show higher excess returns and greater prediction of future earnings from conditioned insider trading in Australia that is then utilized by financial analysts to lower forecast errors – particularly in contrarian‐based accruals trading. Possible explanations include: (i) a high asymmetric quality for market‐based accruals, (ii) information transfer from informed insiders to uninformed insiders and financial analysts and (iii) a more timely dissemination of financial information in Spain through different ownership and governance structures.

Determinants of Bank Distress in Europe: Evidence from a New Data Set

Using a unique data set on bank distress, this paper provides novel empirical evidence on the determinants of bank soundness in the European Union (EU) as a whole. The estimation results are consistent with the hypothesis that bank risks have converged across EU members, providing empirical support for introduction of a more centralized system of financial regulation in the EU. We show that asset quality and earning profile of banks are important determinants of bank distress next to leverage, suggesting that these should be central in EU-wide financial regulation and supervision. We find that market discipline, both by depositors and by stock market participants, plays a role in the EU, supporting the notion that transparency and dissemination of financial information would contribute to the financial soundness of banks. Our data also point to the presence of contagion effects, relatively higher fragility of concentrated banking sectors, and hazards associated with high ratios of wholesale funding.