Transparency Of Financial Information Research Articles

Family business: transparency in financial information from corporate governance practices

The studies on family businesses hold significance due to the imperative to understand their historical and current influence on regional and national economies globally. This article aims to identify and characterize governance practices in such businesses and determine their impact on crafting and presenting transparent financial information—a strategy that ensures sustainability. The study defines transparency by weaving in intricate factors of family business and bases its evaluation on management theory contributions and professionalization elements. Such an approach serves as a foundation to bolster the prevailing consolidation trends in these entities. The research adopts a case study methodology combined with a descriptive lens, incorporating fundamental aspects of explanatory and correlational research. Employing Pearson's correlation coefficient helped establish causal relationships and discern the interplay between variables, facilitated by a questionnaire. Analysis unveils a pronounced and contemporary correlation between corporate governance variables and financial transparency.

ENTREPRENEURIAL SOCIAL CAPITAL AND PERFORMANCE OF MICRO, SMALL, AND MEDIUM ENTERPRISES

This study aimed to establish how entrepreneurial social capital influenced the Performance of MSMEs in Mombasa so as to gain an understanding of which strategies need to be formulated so as to stimulate the performance of the MSMEs. To achieve this objective, specific objectives included assessing the extent to which structural social capital, relational social capital, and, thirdly, cognitive and social capital influence the performance of MSMEs in Mombasa County. The research was guided by theories, including Social, signaling, and Resource-based view theories. The research adopted a descriptive design, with the population targeted being drawn from MSMEs operating within Mombasa County, from which a representative sample of 353 SMEs was selected as respondents. The respondents were selected using random sampling. Data that the researcher collected was collected with the aid of structured questionnaires, and finally, data was assessed, and inferences were made through descriptive statistics that guided the researcher to draw conclusions. The researcher found that dimensions of social capital, structural, relational, and cognitive, do significantly and positively influence the performance of MSMEs in Mombasa County. The study concluded that a positive correlation exists, implying that business management has to harness social capital correctly to improve business performance and poster upward growth. The study advances the empirical findings and theoretical foundations of social capital. In further research in this field, it would be useful to compare the influence of social capital on competitiveness indicators confirmed in firms’ financial reports by using a sample of enterprises with more transparent financial information.

Analysis of Regional Financial Report Disclosure Factors: A Literature Review

This research looks at various factors influencing regional government financial report disclosure in Indonesia. The method used is a literature review using the SINTA database with a publication period of ten years. The results show that good audit opinions, a high level of independence, and effective regional revenue management positively impact the disclosure of regional government financial reports. Other factors, such as political pressure, population size, and regional wealth, also play an important role in shaping transparency. Increasing openness of financial information at the regional level strengthens accountability and builds public trust in local government. Based on these findings, it is known that it is important for local governments to pay attention to factors such as audit opinion, level of independence, and revenue management to increase financial report disclosure. In addition, understanding political pressures, population size, and regional wealth is also needed to form effective transparency policies. Increasing the transparency of financial information at the regional level is expected to strengthen government accountability and build public trust, support good governance, and increase the efficiency of regional financial management

Transparency, Trust and Sustainability in Financial Information

Transparency, Trust and Sustainability in Financial Information

IMPACT OF THE AUDIT ON THE TRANSPARENCY AND DISCLOSURE OF FINANCIAL INFORMATION

This research work focuses on auditing and its impact on companies. The general objective is to exhaustively analyze the “impact of auditing on the transparency and disclosure of financial information in companies” by conducting interviews with an auditor to know her opinion on the importance of the audit and the positive impact that companies have when applying it. To achieve this objective, a qualitative approach was used. The mandatory tax audit is a legal requirement and not an option, its value is established by the SET and must be requested. According to the suppliers, the accounting is rated with a “5”. The audited companies provide additional details, such as purchase forms by items or areas and by type of products, which increases the reliability of financial information.Auditors monitor the implementation of policies and procedures, identify errors and poor practices, and offer recommendations for improvements. Although auditing is not the only source for investment decisions, more than 85% of investors consider it. Interpersonal relationships improve significantly with the auditors’ opinion, increasing the transparency of the company. It is suggested that the audit should be carried out without being mandatory to have a greater impact. The audited companies must know the technical control standards to comply with them rigorously, and the results The final results of the audits must be objective, comply with the technical processes and the law. In conclusion, this research work provides valuable information on the implementation of the audit in companies.

An Analysis of Lagos Audience Perception of Channels Business Morning Programme on Investor Relations

This study analysed the perception of Channels’ Business Morning programme on investor relations in Lagos. The objectives of the study were to: find out the extent of exposure of audience in Lagos to Channels’ Business Morning programme; investigate the perception of audience in Lagos of Channels’ Business Morning and ascertain whether or not the perception of audience in Lagos of Business Morning translates to investment decision. The survey research design was employed for the study. The population of the study was 2,952,861 from selected cities in Lagos, with 384 as the sample size using the Keyton’s table. The questionnaire was the instrument for data collection. Among others, the study found out that there is a high level of exposure to Channels’ Business Morning programme in Lagos. It also showed that respondents held positive perception of the programme as a valid and objective source of business news and investment- related information. The researchers recommended that citizens should take advantage of their exposure to financial programmes such as Channels’ Business Morning to continually increase their understanding of finance and investments and improve their financial wellbeing. Corporate organisations should leverage on financial media programmes such as Channels’ Business Morning, to enhance their engagement with shareholders and potential investors by making available accurate and transparent financial information. T

Региональные особенности соблюдения требований FATF

Increasingly expanding international requirements in the field of combating money laundering and terrorist financing(AML/CFT) force the public and financial sector to seek a balance between the rising costs of their implementation andsanctions threats for non-compliance. A number of scientific publications describe regional AML/CFT cooperation in theEuropean Union (EU) as an example of such a balance. Some EU countries coordinate their actions within the frameworkof the Financial Action Tasks Force on Money Laundering (FATF), which is the methodological centre of the global antimoneylaundering movement. Russia is a member of the FATF and its two regional groups: Moneyval, organized by theCouncil of Europe, and the Eurasian Group (EAG) initiated by Russia itself, which unites Russiaʼs neighbouring, mainlyAsian, countries. This study covers the results of assessments of compliance by EU and EAG countries with FATF requirementsin order to study approaches to AML/CFT regional cooperation and to identify problems arising in this process andprospects for international cooperation. The methods of comparative and graphical analysis were used. The authors showthat deep regional integration of lawmaking is not in itself a fundamental factor in achieving equally high rates of compliancewith FATF requirements. Indifference to matters of monitoring compliance with approved regional anti-money launderingstandards allows particular EU countries to act in the national interest, contrary to the 40 FATF recommendations and thegoals of the global AML/CFT regime. On the contrary, the EAG countries demonstrate steady progress in the introductionof legislation and practical implementation of FATF requirements, which indicates their collective awareness of the benefitsfrom financial information transparency and the possibility of exchanging this information at the international level.

Analysis of the Application of PSAP No. 13 Concerning Presentation of Public Service Agency Financial Statements at Bhayangkara Tk.III Hospital Manado

This study aims to analyze the suitability of the preparation and presentation of public service agency financial reports at Bhayangkara Tk.III Manado Hospital based on PSAP No. 13. The type of research used is descriptive qualitative. The results of this study indicate that Bhayangkara Hospital Tk.III Manado has implemented PSAP Number 13 as a whole in the preparation and presentation of financial reports on an accrual basis, namely an accounting recording technique where the recording is made when a transaction occurs even though cash has not been received, so as to be able to present transparent financial information and accurate and accountable. One of the important factors supporting the preparation and presentation of financial reports at Bhayangkara Tk.III Manado Hospital is including and presenting LRA, Balance Sheet, LO, LPE, LAK, LP SAL, CaLK., in the procedures for studying financial reports at Bhayangkara Tk.III Hospital Manado

Legal Justice: The Abolition of the Principle of Bank Secrecy for Tax Interests in Indonesia

As a member of the international community, Indonesia has a responsibility to participate in the execution of global policy. Recently, a global policy was implemented to address the sharing of financial information between countries. Financial information transparency between countries requires the sharing of bank customers’ financial information via both manual and automatic transmission. This policy aims to prevent economic crimes, including tax evasion. This study combines normative legal research and in-depth interviews aimed at determining how to determine how legal justice can be achieved in the context of the exchange of financial data for taxes purposes in Indonesia. The principle of bank secrecy functions as a safeguard to protect bank clients’ right to privacy, which is a human right that must be preserved. On the one hand, citizens have a civic duty to voluntarily fulfill their tax obligations. On the other hand, as bank clients, citizens also have the right to be protected from violations of privacy. Assuming the perspective of legal justice, this paper seeks to describe the balance between these two needs. Finally, the study’s results support the argument for abolishing the principle of bank secrecy, especially in the realm of taxation.

Evaluation of the Influence of Profitability and Financial Performance on Stock Price

To achieve the goal of realizing transparency and accountability of financial information, every company that is to be published is required to submit annual financial reports to the Indonesia Stock Exchange and to investors. This study aims to determine the effect of financial performance variables on profitability and its impact on stock prices in the Property sector and companies Real Estate listed on the Malaysia Stock Exchange in 2010-2015. The sample used is secondary data from the Malaysian Stock Exchange. Samples were taken by method purposive sampling, and there are 5 companies that meet the sample selection criteria. Statistical tests were carried out using the panel data regression test random effect. The research results show that partially Current Ratio No significant effect on Return on Asset. However Total Asset Turnover and Debt Ratio positive and significant effect on Return on Asset. Simultaneously variable Current Ratio, Total Asset Turnover and Debt Ratio significant effect on Return on Asset. Return on Asset also does not have a significant impact on the share price.

Does the adoption of Ind AS affect the performance of firms in India?

The increasing prevalence of IFRS adoption has resulted in enhanced transparency, accounting quality, and comparability of financial information among firms, especially in emerging markets worldwide, including India. Nonetheless, the question of whether the adoption of IFRS has led to improved firm performance persists. To address this question, this study examines the impact of transitioning from India’s GAAP-based accounting standards to IFRS-converged standards (Ind AS) on non-financial firms’ performance from 2013 to 2022. The empirical findings reveal that the convergence of Indian accounting standards with IFRS significantly improves firm performance, as demonstrated by a positive coefficient of 0.0166 for Ind AS in the fixed-effect model. The study also validates the original empirical findings using the return on equity (ROE) measure of firm performance, which yielded a coefficient of 0.0197, further confirming that the adoption of Ind AS leads to an increase in the performance of Indian firms. These results contribute new insights to the existing IFRS literature and have implications for policymakers and managers.

The debate around EPSAS: a structured literature review for scholars and practitioners

IMPACT This article looks at the debates about EPSAS (the harmonization process of public sector accounting in the European Union) from various perspectives. The authors’ aim is to motivate vital research co-operation between scholars and practitioners. Bridging theoretical research and practice will allow a deeper investigation of the accounting practices within the various levels of government and should reduce the options allowed by the future standards, guaranteeing transparency and comparability of financial information between and within member states.

Pengaruh Pendapatan Asli Daerah, Belanja Daerah dan Kompleksitas Pemerintahan Terhadap Transparansi Informasi Keuangan Daerah Via Website

This study aims to provide empirical evidence of the effect of regional original income, regional spending and government complexity on the transparency of regional financial information via websites in Indonesia. This study examines the transparency of financial information on the websites of 84 provincial governments in Indonesia based on the availability and accessibility of this information. This study was tested using 2 methods, namely the regression method for availability and the multiple regression method for the accessibility of financial information on the provincial government website. According to the findings of this study, regional own-source revenues have a beneficial and sizeable impact on financial transparency. Meanwhile, regional spending and government complexity have no effect on the transparency of the regional financial data website. The findings of this study reinforce the agency theory, namely that high local revenue indicates the government's success in carrying out its duties and responsibilities to the community. This research can help the government by providing quantitative empirical evidence about the effect of local original income on the transparency of regional financial information through websites, thereby enabling the government to be more open with other financial information.

Information gain in alternative data: Evidence from e‐commerce sales and analyst earnings forecasts

AbstractBased on the e‐commerce sales data of A‐share listed firms in China, we explore how e‐commerce sales information affects analyst earnings forecasts. We find that firms' e‐commerce sales information is related to firms' value, increases firms' information transparency, broadens analysts' information channels, and thus improves analyst forecast behavior. Further analysis shows that e‐commerce sales information's positive effect is more significant in firms with high growth ability, low financial information transparency, and without management earnings forecasting. We also find that the positive effect is more salient in the bull market. The findings provide new insights for improving the analyst earnings forecast and offer evidence for the positive significance of e‐commerce sales of alternative data for the capital market in the information era.

The impact of digital finance on stock price crash risk: evidence from China

PurposeThe paper's purpose is to investigate the effects of digital finance on the risk of stock price crashes and the underlying transmission mechanisms, and to provide suggestions to inhibit the stock crash risk (CR).Design/methodology/approachThis paper selects all companies that were listed on the Shanghai Stock Exchange and the Shenzhen Stock Exchange from 2011 to 2020. It then uses the two-way fixed effect model and the intermediary effect model to verify such effects.FindingsThe overall outcomes demonstrate such a result that the CR of listed companies in China can be significantly reduced by the development of digital finance, and the overall transparency of business financial information and the equity pledge of controlling shareholders are the two underlying transmission mechanisms that digital finance can cause effects on the CR of stocks.Research limitations/implicationsThe main limitations are that there may exist some problems in the method for evaluating the CR of stocks. And there may be a problem of endogeneity caused by the empirical model cannot control all correlation variables.Practical implicationsThis paper would provide policy implications, for different roles, to inhibit the stock CR and to make the development of the economy more stabilize.Social implicationsDigital finance can promote economic development while restraining financial risks at the same time. Therefore, although this study is based on the relevant data from China, it can also provide a reference for other economies with different basic conditions from China, to promote the overall development of the world economy.Originality/valueThe current academic research on digital finance or stock price CR has been relatively sufficient, but there are few papers that combined both. By combining digital finance with stock CR, this paper researches the influence of digital finance on the CR of stocks through empirical analysis. So, this paper would provide new research ideas and evidence for potential influence factors of the CR of stocks, fill the gap in this research field and provide certain help for subsequent scholars to conduct relevant research.

Non-Financial Information Disclosure and High-Tech Executives' Insider Trading

This study investigates the relationship between non-financial information disclosed in annual reports and the probability of high-tech executives' insider trading by analyzing the readability of annual reports of high-tech companies listed on A-share markets from 2007 to 2021. The study finds that the lower the readability of the annual report, the higher the likelihood of insider trading by high-tech executives. This suggests that executives may manipulate annual reports to "conceal the obvious." Further research indicates that transparency in financial information, private ownership, and institutional investor holdings can restrain executives' opportunistic motives. This study offers insight for improving existing market supervision mechanisms for high-tech companies.

An investigation on significance of adoption and implementation of IFRS for SMEs in malawi among non-incorporated construction companies: A study of selected SMEs in blantyre

SMEs have come to accept the importance of harmonizing accounting information to remain in today's business environment. Hence, for better continuation of rendering their services, SMEs are required to keep books of accounts bound by the statutory rules of Malawi. In 2009, the IASB developed and published IFRS for SMEs in response to the need for high-quality internationally comparable and transparent financial information. The objectives of the study were to investigate the significance associated with the adoption and implementation of IFRS (International Financial Reporting Standards) for SMEs among non-incorporated construction companies in Malawi, to measure the extent of adoption, the mechanism to promote adoption, and related problems for the adoption of IFRS for SMEs. To achieve the determined objectives, the study was conducted and the questionnaire guides were distributed. The sample was selected based on non-probability sampling from the greater area of Blantyre contractors coming up with 30 participants. The collected facts were analyzed using SPSS to obtain tables, pie charts and bar graphs from which conclusions, recommendations as well as areas for further research were made. The investigation revealed that 60% of the construction companies did not adopt IFRS for SMEs. Little effort has been made by the council to encourage the adoption of IFRS for SMEs. The benefits one could accrue in adopting the standard include building strong investors and other stakeholders' confidence, enhancing comparability, and easy access to bank loans due to better credit rating, tax compliance, increased transparency, and accountability, and played a big role in making effective decisions. This study recommends the need for continuous education, awareness campaigns, and communication to contractors on issues associated with IFRS for SMEs and should commence in earnest. Furthermore, a rigorous IFRS for SMEs capacity-building programs should be embarked upon by regulatory bodies (the NCIC in corroboration with ICAM) and training institutions to provide the required manpower for the successful implementation of the IFRS for SMEs.

“Impact of Bankruptcy Risk on Reporting Aelay: An Empirical Evidence from Engineering Industry in Bangladesh.”

The connection between bankruptcy risk and reporting timeliness by companies has significant effects on stakeholders’ decision-making process. And the purpose of this study is to investigate and comprehensively understand the direct influence of bankruptcy risk on reporting timeliness within the context of the engineering industry of Bangladesh. Considering the sample of 42 listed engineering firms over the period of 2016-2022, including 231 firm-year observation, it is evident that higher bankruptcy risk increased the chance of delayed reporting whereas the degree of high liquidity, debt, and cumulative profitability had the opposite effect. It also indicate that financial determinants that affect the goodwill of the annual report have a significant impact on reporting timeliness. By examining the relationship empirically, the study aims to shed light on how the heightened risk of bankruptcy faced by listed engineering firms in Bangladesh affects their ability to meet established reporting deadlines. Which ultimately contribute to the broader understanding of corporate financial challenges, information transparency, and stakeholder expectations.

Credit strategy of micro, small, and medium enterprises with known reputation risk: Evidence from a comprehensive evaluation model

With poor financial information transparency, and relatively weak profitability and asset strength stability, Small, medium and micro enterprises started late in China. This makes commercial banks need to bear more risks when providing loans to small, medium and micro enterprises than large enterprises. Big. When commercial banks do not have credit records of certain small, medium and micro enterprises, this will increase the risk that banks need to bear when lending to these small, medium and micro enterprises without credit records, and will also increase the difficulty of credit loan for small, medium and micro enterprises in commercial banks.First of all, we should comprehensively analyze the credit risk of enterprises, establish the TOPSIS comprehensive evaluation model, and then establish the constraint conditions according to the data given by the topic, calculate the interest rate of bank loans to each type of enterprises, so as to determine the bank’s credit strategy. The paper seeks the bank’s credit strategy for these enterprises when the annual total amount of credit is fixed. We use AHP (Analytic Hierarchy Process) to normalize the credit rating, and then get the relevant data ranking of enterprises with credit records through TOPSIS comprehensive evaluation model. Through cluster analysis, we divide them into nine categories, and make the optimal credit strategy from the perspective of interest rate and credit line.

Research on the impacts of China's existing short selling mechanism on the financial information transparency of Internet enterprises

Research on the impacts of China's existing short selling mechanism on the financial information transparency of Internet enterprises