Information Disclosure Transparency Research Articles

Information Disclosure Transparency and Shareholder Wealth: Based on Textual Analysis

Based on the textual analysis of A-share listed non-financial 2017-2022 annual reports, this paper investigates the shareholder wealth effect of annual report disclosure transparency. It is found that the improvement of annual report disclosure transparency has a good mitigating effect on the degree of information asymmetry between the company and the market, which in turn positively affects shareholders' wealth; it is further found that the above effect is more significant in firms with higher analysts' attention and a higher proportion of institutional shareholders.

Раскрытие ESG-факторов в интегрированной отчетности нефтедобывающих организаций как база для принятия инвестиционных решений

Abstract. Today organizations of the oil-producing complex are not limited to financial reporting forms that are mandatory for submission by national and international standards, but also compile reports on sustainable development, corporate social responsibility, environmental reporting, collectively referred to as integrated reporting. The increased attention of interested users and, mainly, investors, to environmental and social problems determine the importance and importance of the formation of integrated reporting by companies, disclosing information on both financial and non-financial indicators. In modern conditions, when the problem of climate change becomes more acute, the COVID-19 pandemic continues, the fight against corruption is underway, companies will apply the practice of disclosing ESG investment factors in reporting. Accordingly, in order to attract investors, Russian firms need to strive to meet the ESG criteria. Key and potential investors need objective, timely, complete and reliable information to make decisions about investing resources in an enterprise. The disclosure of these components in the reporting is the basis for meeting the information needs of a wide range of users and mainly plays an important role in making investment decisions. The information presented in the integrated reporting is primarily interesting and useful to investors — individuals and legal entities who make or plan to invest their capital in the company’s securities in order to obtain economic benefits and (or) exercise control, since the completeness and transparency of information disclosure in the integrated reporting reflects the investment attractiveness of the company and future benefits. The purpose of the study is to assess the degree of disclosure of information necessary for investors in the integrated reporting of large Russian organizations of the oil production complex. The research method is a quantitative and qualitative rating assessment of the specific weight of ESG factors in the integrated reporting of oil companies. As a result of the study, key ESG factors have been identified, which are currently insufficiently disclosed in non-financial statements of companies. The results of the study can be useful to companies when making decisions about the disclosure of ESG factors in integrated reporting.

Effective Analysis of Inpatient Satisfaction: The Random Forest Algorithm.

PurposeTo identify the factors influencing inpatient satisfaction by fitting the optimal discriminant model.Patients and MethodsA cross-sectional survey of inpatient satisfaction was conducted with 3888 patients in 16 large public hospitals in Zhejiang Province. Independent variables were screened by single-factor analysis, and the importance of all variables was comprehensively evaluated. The relationship between patients’ overall satisfaction and influencing factors was established, the relative risk was evaluated by marginal benefit, and the optimal model was fitted using the receiver operating characteristic curve.ResultsPatients’ overall satisfaction was 79.73%. The five most influential factors on inpatient satisfaction, in this order, were: patients’ right to know, timely nursing response, satisfaction with medical staff service, integrity of medical staff, and accuracy of diagnosis. The prediction accuracy of the random forest model was higher than that of the multiple logistic regression and naive Bayesian models.ConclusionInpatient satisfaction is related to healthcare quality, diagnosis, and treatment process. Rapid identification and active improvement of the factors affecting patient satisfaction can reduce public hospital operating costs and improve patient experiences and the efficiency of health resource allocation. Public hospitals should strengthen the exchange of medical information between doctors and patients, shorten waiting time, and improve the level of medical technology, service attitude, and transparency of information disclosure.

Information-driven stock return comovements across countries

This article analyses stock market comovements at a global level for 37 advanced and emerging countries in the last two decades. The article reports that international stock return comovements were greater in advanced countries than in emerging ones, but increased more rapidly in emerging countries than in advanced ones. The driving forces behind these comovements were country-specific fixed effects and time-varying factors over the period 2007–2015. These factors include not only the openness of international trade and finance but also institutional factors representing the development of information and communication technologies, the protection of property rights, and the transparency of information disclosure. These institutional factors worked in line with an information-driven comovement theory.

Transparency of Mandatory Information Disclosure and Concerns of Health Services Providers and Consumers.

Background: This study analyzed differences between transparency of information disclosure and related demands from the health service consumer’s perspective. It also compared how health service providers and consumers are associated by different levels of mandatory information disclosure. Methods: We obtained our research data using a questionnaire survey (health services providers, n = 201; health service consumers, n = 384). Results: Health service consumers do not have major concerns regarding mandatory information disclosure. However, they are concerned about complaint channels and settlement results, results of patient satisfaction surveys, and disclosure of hospital financial statements (p < 0.001). We identified significant differences in health service providers’ and consumers’ awareness regarding the transparency of information disclosure (p < 0.001). Conclusions: It may not be possible for outsiders to properly interpret the information provided by hospitals. Thus, when a hospital discloses information, it is necessary for the government to consider the information’s applicability. Toward improving medical expertise and information asymmetry, the government has to reduce the burden among health service consumers in dealing with this information, and it has to use the information effectively.

KETERBUKAAN INFORMASI DI PERADILAN DALAM RANGKA IMPLEMENTASI INTEGRITAS DAN KEPASTIAN HUKUM

As a public institution in the field of justice, the Supreme Court is required to commit to apply the disclosure of information. Nowadays, transparency of information disclosure in the context of justice for the Supreme Court is not only the public needs but also the needs of all residents of the judiciary. With the judicial transparency, will slowly happen to strengthen accountability and professionalism and integrity of the judiciary residents. Commitment to provide disclosure of both the process and the end result is a concrete manifestation of public services as access to justice (access to justice) given by the Court at the lowest levels up to the Supreme Court. Quality of excellent public services through the transparency of the judicial information disclosure is the estuary of execution Reform of Bureaucracy.Keywords : Information transparency, Judicial, Integrity and Legal Certainty

Work Values and Business Ethics in Korea

The problem and the solution. To contribute to the discussion on the meaning of work in Korea, this article starts by reporting findings from a review of Korean literature.The article further presents findings from a survey of both managerial and union members on the perceived importance of core values in the workplace. Among four people-centered core values, human-centered management/human resource development and knowledge sharing were the values preferred by the managerial group. Managers placed more importance on accountability values, among which obedience to the law was significantly emphasized by the managers.With respect to the social responsibility values, the managerial group scored higher for the value of social responsibility, faithful tax payment, and transparency of information disclosure with no significant difference.As to the leadership values, the managerial group's scores were higher for flexibility and capacity for change management, vision formation, and implementation capacity.The article closes with a discussion of the findings, limitations of this research, recommendations for further research, and the practical implications.