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Determinants of Intellectual Capital Disclosure: An Investigation on DS30 Firms in Bangladesh 智力资本披露的决定因素:对孟加拉国DS30企业的调查
Pub Date : 2019-08-30 DOI: 10.22452/AJAP.VOL12NO2.2
Pappu Kumar Dey, M. Faruq
Research aim: The study aims to investigate intellectual capital disclosure (ICD) practices and its determinants in Bangladesh. Design/Methodology/Approach: The top 30 firms known as DS30 companies that reflect around 51 percent of the total equity market capitalisation have been considered as a sample. Content analysis is used to extract the data from the annual report of the respective firm for the years 2013 to 2017. Multiple regression analysis is performed to identify the determinants of ICD. Research findings: This paper finds that board independence and globally affiliated auditors have a substantial positive impact on ICD. In contrast, board gender diversity documents marginally significant negative association with ICD. However, our examination does not show any significant impact of board size, leverage, profitability and firm size on ICD quality. Theoretical contribution/ Originality: This study differs in its approach of narrowing down the items of ICD index to maintain the perspective of a developing country like Bangladesh. It is a longitudinal study and does not consider any particular industry of Bangladesh to identify the drivers of ICD. Practitioner/ Policy implication: Policymakers and regulators could consider the factors identified in this paper for setting corporate reporting regulations, particularly corporate governance mechanisms. Research limitation: This study considered only the top 30 firms and 30 disclosure items. Our investigation is limited to only the annual reports of the respective companies. Keywords: Bangladesh, DS30 Companies, Determinants, Human Capital, Intellectual Capital Type of Manuscript: Research paper JEL Classification: M41, M49
研究目的:本研究旨在调查孟加拉国的智力资本披露(ICD)实践及其决定因素。设计/方法/方法:反映总股本约51%的前30家公司被称为DS30公司,已被视为样本。内容分析用于从各公司2013年至2017年的年度报告中提取数据。进行多元回归分析以确定ICD的决定因素。研究发现:董事会独立性和全球关联审计师对ICD有实质性的积极影响。相比之下,董事会性别多样性与ICD呈显著负相关。然而,我们的研究并未显示董事会规模、杠杆率、盈利能力和公司规模对ICD质量有显著影响。理论贡献/独创性:本研究的不同之处在于,它缩小了ICD指数项目的范围,以保持像孟加拉国这样的发展中国家的视角。这是一项纵向研究,没有考虑孟加拉国的任何特定行业来确定ICD的驱动因素。从业者/政策启示:政策制定者和监管者在制定公司报告法规,特别是公司治理机制时,可以考虑本文中确定的因素。研究局限:本研究仅考虑前30家公司和30个披露项目。我们的调查仅限于各公司的年度报告。关键词:孟加拉国,DS30公司,决定因素,人力资本,智力资本手稿类型:研究论文JEL分类:M41, M49
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引用次数: 15
Analysis of the Budgeting System: A Case Study of a Manufacturing Company 预算制度分析:以某制造企业为例
Pub Date : 2019-08-30 DOI: 10.22452/AJAP.VOL12NO2.5
Nazanin Bybordi, A. A. Ousama, Obeid S. Shreim
Research aim: This paper aims to analyse the practice of the budgeting system in a light manufacturing company operating within the Iranian automotive industry. Design/ Methodology/ Approach: The paper uses a case study method based on a lighting manufacturing company. A semi-structured interview was implemented to collect the required data. The respondents consist of a total of four department managers and the Chief Executive Officer (CEO) of the company. Research finding: The paper found that the current system being used for budgeting is not efficient due to the significant variances between actual figures (performance) and planned budget. Theoretical contribution/ Originality: This paper is considered among the empirical studies to evaluate the budgeting system applied to a manufacturing company within the Iranian automotive industry. Practitioner/ Policy implication: The paper reveals important weaknesses in the budgeting system practised in Iran. This finding can be considered very useful as it highlights that the system suffers from inefficiency. Companies can attempt to improve the system by implementing effective methods such as the formation of a budget committee, and preparation of the cash budget to increase the efficiency of the system. Research limitation/ Implication: Although the paper provides evidence on the status of budgeting systems, it focused predominantly on interviews. Future research on this issue may use data triangulation by using other primary (e.g. questionnaire survey) and secondary data. Keywords: Budgeting System, Budget, Evaluation, Lighting Industry, Iran Type of article: Research paper JEL Classification: M4, M41
研究目的:本文旨在分析预算制度在伊朗汽车行业内一家轻工制造公司的实践。设计/方法/途径:本文采用基于一家照明制造公司的案例研究方法。采用半结构化访谈收集所需数据。受访者包括公司的四位部门经理和首席执行官(CEO)。研究发现:本文发现,由于实际数字(绩效)与计划预算之间存在显著差异,目前用于预算编制的系统效率不高。理论贡献/独创性:本文被认为是评估预算系统应用于伊朗汽车工业制造公司的实证研究之一。从业者/政策含义:本文揭示了伊朗实行的预算制度的重要弱点。这个发现可以被认为是非常有用的,因为它突出了系统的低效率。企业可以通过成立预算委员会、编制现金预算等有效的方法来提高制度的效率。研究局限/启示:虽然本文提供了预算制度现状的证据,但它主要集中在访谈上。未来对这一问题的研究可能会使用其他主要数据(如问卷调查)和次要数据进行数据三角测量。关键词:预算系统,预算,评估,照明行业,伊朗文章类型:研究论文JEL分类:M4, M41
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引用次数: 2
Real Earnings Management in Family-Affiliated Firms: Empirical Evidence from Malaysia 家族关联企业的真实盈余管理:来自马来西亚的经验证据
Pub Date : 2019-08-30 DOI: 10.22452/AJAP.VOL12NO2.1
W. A. Rahman, Noorhayati Mansor
Research aim:  This paper examines the effects of size and complex structure of family-affiliated business groups on Real Earnings Management (REM) practices in Malaysian listed firms. Design/Methodology/Approach: Family-affiliated business groups listed on Bursa Malaysia during the years 2006 to 2015 filtered using specific criteria were selected as the sample. STATA software was used to analyse the panel data, and two different regression models were run for the empirical testing to examine the effects of size and group complexity. Research finding: It is evidenced that the size and complexity structure of family-affiliated business groups are positively associated with REM, measured by abnormal cash flow from operations and abnormal discretionary expenses, but negatively associated with abnormal production cost. Theoretical contribution/Originality: Since previous studies based on Malaysian public listed firms focus on Accruals Earnings Manipulation (AEM), this study broadens the scope by providing empirical evidence on the relationship between family-affiliated firms’ characteristics and REM. Practitioner/ Policy implication: Investors, auditors, analysts and practitioners should consider family-affiliated firms as a factor that significantly induces earnings manipulation. The result is also relevant for regulators in regulating takeover rules or tax policy to affiliated groups in order to create incentives for them to maintain a specific size or complexity structure, or otherwise, be penalised for exceeding the size or complexity characteristics. Research limitation/ Implication: The results from this study may apply to Asian countries with similarities in family ownership to that in Malaysia. The findings, however, may not apply to developed countries where family concentration and pyramidal structure are not significant. Keywords: Real Earnings Management, Family-Affiliated Firms, Emerging Market, Entrenchment Effect, Malaysia Type of article: Research paper JEL Classification: M41
研究目的:本文探讨家族企业集团的规模和复杂结构对马来西亚上市公司真实盈余管理(REM)实践的影响。设计/方法/方法:选择2006年至2015年在马来西亚证券交易所上市的家族企业集团作为样本,使用特定标准进行筛选。采用STATA软件对面板数据进行分析,并运行两种不同的回归模型进行实证检验,以检验规模和群体复杂性的影响。研究发现:家族关联企业集团的规模和复杂结构与REM呈正相关,REM以异常的经营现金流和异常的可自由支配费用衡量,而与异常的生产成本负相关。理论贡献/独创性:由于先前基于马来西亚上市公司的研究主要关注应计盈余操纵(AEM),本研究通过提供关于家族关联公司特征与REM之间关系的实证证据扩大了研究范围。从业者/政策启示:投资者、审计师、分析师和从业者应将家族关联公司视为显著诱发盈余操纵的因素。这一结果也适用于监管机构对附属集团的收购规则或税收政策进行监管,以激励它们保持特定的规模或复杂结构,否则就会因超出规模或复杂特征而受到惩罚。研究局限/启示:本研究的结果可能适用于家族所有权与马来西亚相似的亚洲国家。然而,这些发现可能不适用于家庭集中度和金字塔结构不显著的发达国家。关键词:真实盈余管理、家族关联企业、新兴市场、堑壕效应、马来西亚文章类型:研究论文JEL分类:M41
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引用次数: 2
Trust and Power as Determinants of Tax Compliance in Asia: A Cross-Country Analysis 信任和权力是亚洲税收合规的决定因素:一项跨国分析
Pub Date : 2019-08-30 DOI: 10.22452/AJAP.VOL12NO2.3
Abdulsalam Mas'ud, Nor Aziah Abdul Manaf, Natrah Saad
Research aim: Prior to the emergence of the “Slippery Slope Framework”, studies on factors influencing tax compliance considered many independent variables. However, the framework simplified the tax compliance model in a parsimonious way with only two independent variables capable of explaining tax compliance. These are trust in authority and power of authority. In this study, an attempt is made to test the assumptions of the framework using cross-country data with a larger sample from Asia. Design/ Methodology/ Approach: A cross-sectional data from 41 Asian countries was generated and analysed through Ordinary Least Squares (OLS) regression analysis. Research finding: From the analysis, trust was found to have a significant influence on tax compliance across the countries investigated, while the power of authority was found to be weak in that regard. The interaction between the two variables in explaining tax compliance was also found to be weak across the sampled countries. Theoretical contribution/ Originality: Theoretically, the study supports not only the “Slippery Slope Framework” but also Social Exchange Theory as it shows that in social exchange contract such as paying tax by taxpayers and providing public goods and services by the central government. Trust plays an important role as taxpayers expect reciprocation. Practitioner/ Policy implication: The result highlights to the policymakers in 41 Asian countries that improving tax compliance requires a high level of trust from authorities. Taxpayers seek the judicious use of taxpayers’ money in executing projects and services needed by the nation. Research limitation/ Implication: Considering additional factors such as antecedents of trust and power will add to the explanation of tax compliance using the framework. Keywords: Power, Slippery Slope Framework, Tax Compliance, Trust Type of article: Research paper JEL Classification: H24, H25, H26
研究目的:在“滑坡框架”出现之前,对税收合规影响因素的研究考虑了许多自变量。然而,该框架以一种简约的方式简化了税收合规模型,只有两个能够解释税收合规的独立变量。这些是对权威的信任和权威的力量。在本研究中,试图使用来自亚洲的较大样本的跨国数据来检验框架的假设。设计/方法/方法:生成来自41个亚洲国家的横断面数据,并通过普通最小二乘(OLS)回归分析进行分析。研究发现:从分析中发现,信任对被调查国家的税收合规有重大影响,而当局的权力在这方面被发现较弱。在抽样国家中,这两个变量在解释税收合规方面的相互作用也很弱。理论贡献/独创性:在理论上,本研究不仅支持“滑坡理论”,也支持社会交换理论,因为在社会交换契约中,纳税人纳税,中央政府提供公共产品和服务。信任扮演着重要的角色,因为纳税人希望得到回报。从业者/政策启示:该结果向41个亚洲国家的政策制定者强调,提高税收合规性需要当局的高度信任。纳税人寻求明智地使用纳税人的钱来执行国家需要的项目和服务。研究局限/启示:考虑其他因素,如信任和权力的前因,将有助于使用该框架解释税收合规。关键词:权力滑坡框架税收合规信托文章类型:研究论文JEL分类:H24, H25, H26
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引用次数: 2
Determinants of The Revenue Efficiency of Indian Scheduled Commercial Banks 印度定期商业银行收入效率的决定因素
Pub Date : 2019-02-28 DOI: 10.22452/AJAP.VOL12NO1.4
A. Bhatia, Megha Mahendru
Research aim: The purpose of this paper is to investigate the internal (bank-specific) and external (macroeconomic and industry-specific) factors thataffect the revenue efficiency of banks. Design/Methodology/Approach: The paper considers all the Scheduled Commercial Banks operating in India over a period of 22 years from 1991-92 to 2012-13. Due to the non-availability of information for certain variables the sample varies across years. The revenue efficiency of banks is calculated by employing a non-parametric approach, namely, Data Envelopment Analysis (DEA). To determine the factors affecting revenue efficiency, the Panel Data Tobit model, as proposed by James Tobin (1958), is used. It is applied due to the censored nature of the dependent variable, i.e., the efficiency scores, which range from 0 to 1. Research finding: The results indicate that the Capital Adequacy Ratio (CAR), Net Non-Performing Assets to Net Advances (NPANA), Operating Expenses to Total Expenses (OETE), Business per Employee (BPE), Return on Assets (ROA), Size (LNTA), and Inflation (INF) reveal a negative relationship with the revenue efficiency scores. Equity to Total Assets (ETA), Total Loans and advances to Total Deposits (TATD), Total Investments to Total Assets (TITA), Total Expenses to Total Income (TETI), Spread to Total Assets (STA), Non-Interest Income to Total Income (NIITI), Cash Deposit Ratio (CDR), Time Dummy (TD), Public Dummy (PUBD), and Log of Gross Domestic Product (LNGDP) disclose a positive relationship for the revenue efficiency model. Theoretical contribution/Originality: This study is among the few that examine factors affecting the revenue efficiency of Indian Commercial Banks as limited research is available in the Indian Banking Literature. Practitioner/Policy implication: The empirical findings of this article clearly provide assistance to bank managers in understanding the factors that positively or adversely affect the revenue efficiency. It specifically recommends that managers focus on credit risk management and asset liability management. Research limitation/Implication: The present study may be extended by considering other efficiency parameters as dependent variables. Various risks faced by banks and off-balance sheet activities can also be taken into consideration. The impact of other events, such as global financial recession, might also be captured for future research. Keywords: Revenue Efficiency, Bank Specific Variable, Industry Specific Variable, Data Envelopment Analysis, Panel Tobit Regression Analysis, Indian Scheduled Commercial Banks Type of manuscript: Research paper JEL Classification: G2, C24, D61
研究目的:本文的目的是研究影响银行收益效率的内部(银行特定)和外部(宏观经济和行业特定)因素。设计/方法/方法:本文考虑了从1991-92年到2012-13年的22年间在印度经营的所有预定商业银行。由于某些变量的信息不可获得,样本在不同年份有所不同。银行收入效率的计算采用非参数方法,即数据包络分析(DEA)。为了确定影响收入效率的因素,我们使用了James Tobin(1958)提出的Panel Data Tobit模型。它的应用是由于因变量的审查性质,即效率分数,其范围从0到1。研究发现:结果表明,资本充足率(CAR)、净不良资产与净垫款(NPANA)、营业费用与总费用(OETE)、人均业务量(BPE)、资产收益率(ROA)、规模(LNTA)和通货膨胀率(INF)与收入效率得分呈负相关。权益与总资产之比(ETA)、总贷款与预付款与总存款之比(TATD)、总投资与总资产之比(TITA)、总费用与总收入之比(TETI)、总资产之比(STA)、非利息收入与总收入之比(NIITI)、现金存款比率(CDR)、时间虚拟人(TD)、公共虚拟人(PUBD)和国内生产总值对数(LNGDP)对收入效率模型显示出正相关关系。理论贡献/独创性:本研究是为数不多的研究影响印度商业银行收入效率因素的研究之一,因为印度银行业文献中的研究有限。从业者/政策启示:本文的实证研究结果清楚地为银行管理者理解积极或消极影响收入效率的因素提供了帮助。它特别建议管理者关注信用风险管理和资产负债管理。研究局限/启示:考虑其他效率参数作为因变量,本研究可以扩展。银行和表外活动面临的各种风险也可以考虑在内。其他事件的影响,如全球金融衰退,也可能被纳入未来的研究。关键词:收益效率,银行特定变量,行业特定变量,数据包络分析,面板Tobit回归分析,印度上市商业银行手稿类型:研究论文JEL分类:G2, C24, D61
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引用次数: 0
The Quality of Accounting Information: Relevance or Value-Relevance? 会计信息质量:相关性还是价值相关性?
Pub Date : 2019-02-28 DOI: 10.22452/AJAP.VOL12NO1.1
Nasrin Azar, Z. Zakaria, Noor Adwa Sulaiman
Research aim: This paper critically evaluates the qualitative characteristics of accounting information that can be drawn from the Financial Accounting Standard Board (FASB)/International Accounting Standard Board (IASB) Conceptual Framework and Value-Relevance studies that are motivated by users of accounting information. Design/Methodology/Approach: This study reviews the value-relevance literature and Statement of Financial Accounting Concepts (SFAC) No. 8, which was issued by FASB in September 2010 in order to make a distinction between them. Research findings: The value-relevance literature, which reported the associations between accounting numbers and common equity valuations, has limited implications or inferences for accounting information users. Although some scholars believe that the value relevance model indicates that accounting information is relevant and reliable (faithfully represented), it is, however, difficult to attribute the cause of the lack of value relevance to the relevance or the reliability aspects as the value relevance model does not distinguish between relevance and reliability. Theoretical contribution/Originality: This study provides some recommendations and a framework for future academic research related to the qualitative characteristics of accounting information (especially earnings) and value-relevance models. Practitioner/Policy implications: According to the conceptual framework defined by the FASB and IASB, relevance and faithful representation, as fundamental qualitative characteristics, are required for the provision of the usefulness of accounting information, and should be taken into consideration by scholars and standard setters in the accounting area. Research limitation/Implication: This paper does not have a direct impact on practice. But, if the standard setters and researchers apply the concepts have been defined by this study in their accounting standards and their research, respectively, the results of those standards or research can be finally useful for the practice, especially for the investors. Keywords: Accounting Information, FASB/IASB Conceptual Framework, Value-Relevance, Relevance, Faithful Representation Type of manuscripts: Literature review JEL Classification: M480
研究目的:本文批判性地评估了会计信息的定性特征,这些特征可以从财务会计准则委员会(FASB)/国际会计准则委员会(IASB)概念框架和价值相关性研究中得出,这些研究是由会计信息使用者推动的。设计/方法/方法:本研究回顾了价值相关文献和FASB于2010年9月发布的财务会计概念说明书(SFAC)第8号,以便对它们进行区分。研究发现:价值相关文献报告了会计数字与普通股估值之间的关联,对会计信息使用者的影响或推论有限。虽然有学者认为价值关联模型表明会计信息具有相关性和可靠性(如实反映),但由于价值关联模型没有区分相关性和可靠性,因此很难将价值相关性缺失的原因归结为相关性或可靠性方面。理论贡献/独创性:本研究为未来与会计信息(尤其是盈余)和价值相关模型的定性特征相关的学术研究提供了一些建议和框架。从业者/政策影响:根据FASB和IASB定义的概念框架,相关性和忠实代表性作为提供会计信息有用性的基本定性特征,应被会计领域的学者和标准制定者考虑。研究局限/启示:本文对实践没有直接影响。但是,如果标准制定者和研究人员分别在其会计准则和研究中应用本研究定义的概念,这些标准或研究的结果最终可以对实践有用,特别是对投资者。关键词:会计信息,FASB/IASB概念框架,价值相关性,相关性,忠实表述稿件类型:文献综述JEL分类:M480
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引用次数: 10
Overlapping Memberships on The Audit and Other Board Committees: Impacts on Financial Reporting Quality 审计委员会和其他委员会成员重叠:对财务报告质量的影响
Pub Date : 2019-02-28 DOI: 10.22452/AJAP.VOL12NO1.3
Abdirahman Furqaan, Hairul Azlan Annuar, Hamdino Hamdan, Hafiz Majdi Abdul Rashid
Research aim: This research aims to investigate how overlapped members on the audit committee (AC) impact the primary role of the committee, especially in terms of improving the quality of the financial reporting of the company. Design/ Methodology/Approach: The population of the study consists of non-financial institutions listed on Bursa Malaysia (BM). Using purposive sampling, cross-sectional data were collected from the annual reports of the 100 top companies listed on BM. Research finding: The descriptive statistics of the study show that 98.7 per cent of the observed companies in this study have overlapping membership on the audit and other board committees. The study also shows that more than three-fourths of the AC members also serve on other board committees. The study found that overlapping memberships on the AC and other mandatory committees, significantly and positively impact the financial reporting quality (FRQ). Theoretical contribution/Originality: The results of this study suggest that overlapping memberships on the AC of the Malaysian big public listed companies play a significant role in terms of the FRQ of the company. Practitioner/Policy implication: Regulatory bodies and investors should encourage the chair of the AC to work on other board committees to bring relevant information to improve the performance of the AC.  Research limitation/Implication: The inherent drawback of the current research is the small sample size, and that it does not provide in-depth and comprehensive data from the documents of the company. The research sample was drawn from the largest 100 Malaysian companies. Therefore, the results of the study may not be generalisable to smaller companies. Keywords: Overlapping memberships, Audit committee (AC), Remuneration committee (RC), Nomination committee (NC), Financial Reporting Quality (FRQ) Type of manuscript: Research paper JEL Classification: M40
研究目的:本研究旨在调查审计委员会(AC)重叠成员如何影响委员会的主要作用,特别是在提高公司财务报告质量方面。设计/方法/方法:研究对象包括在马来西亚证券交易所(BM)上市的非金融机构。采用有目的的抽样,从BM上市的100家顶级公司的年度报告中收集横截面数据。研究发现:研究的描述性统计数据显示,在本研究中观察到的公司中,98.7%的公司在审计委员会和其他董事会委员会的成员重叠。该研究还显示,超过四分之三的咨询委员会成员还在其他董事会委员会任职。研究发现,审计委员会和其他强制性委员会的成员重叠对财务报告质量(FRQ)产生了显著而积极的影响。理论贡献/独创性:本研究结果表明,马来西亚大型上市公司董事会成员重叠对公司财务绩效有显著影响。从业者/政策启示:监管机构和投资者应鼓励董事会主席与其他董事会委员会合作,带来相关信息,以提高董事会的绩效。研究局限性/启示:目前研究的固有缺点是样本量小,并且没有提供深入和全面的公司文件数据。研究样本取自马来西亚最大的100家公司。因此,研究结果可能不适用于较小的公司。关键词:重叠成员,审计委员会(AC),薪酬委员会(RC),提名委员会(NC),财务报告质量(FRQ)稿件类型:研究论文JEL分类:M40
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引用次数: 5
Which Internal Factors Drive Companies to Social Reporting? An Empirical Study from A Developing Country Perspective 哪些内部因素促使企业进行社会报告?发展中国家视角下的实证研究
Pub Date : 2019-02-28 DOI: 10.22452/ajap.vol12no1.5
A. Chakraborty
Research Aim: This study examines the influence of firms’ internal factors and the impact of a statutory regulatory order on the extent of corporate social reporting by banking firms in Bangladesh in the period from 2011 to 2015. Design/Methodology/Approach: Besides using content analysis to construct a social disclosure index, multivariate regression analysis was performed to test a number of hypotheses related to the key variables of the study. Research Findings: The descriptive statistics of the social reporting disclosure index do not show a notable impact of the statutory regulatory order on the extent of firms’ social reporting. The study found that board meetings and board expertise have a significant positive impact on firms’ social reporting, while firm size is negatively associated with firms’ social reporting; thus, meaning that comparatively smaller firms perform better in terms of social reporting. However, no significant impact is found for board size and firm network on firms’ social reporting. Theoretical contribution/Originality: The study has contributed theoretical aspects about firms’ different internal factors and, particularly, how legal arrangements like SRO can be applied by the government to motivate a firm to undertake corporate social activities and disclosures. The application of resource dependence theory to CSR has been further fortified with this investigative study. Practitioner/Policy Implication: The empirical result implies that as CSR is practiced voluntarily in Bangladesh, such policies of government like tax exemption on CSR expenditure has not had much of an impact. Research Limitation: This study can be investigated with multi-industry data to further explore industry variations, but, due to poor and inconsistent CSR reporting of other industries in Bangladesh, only listed firms in the banking industry have been included to obtain appropriate results and findings.  Type of Manuscript: Research Paper. Keywords: Corporate Social Reporting, Internal Factors, Regulatory Impact, Banking Industry. JEL Classification: M14
研究目的:本研究考察了2011年至2015年期间孟加拉国银行公司内部因素和法定监管令对企业社会报告程度的影响。设计/方法/方法:在运用内容分析构建社会披露指数的基础上,运用多元回归分析对研究关键变量的若干假设进行检验。研究发现:社会报告披露指数的描述性统计并未显示出法定监管令对企业社会报告程度的显著影响。研究发现,董事会会议和董事会专业知识对公司社会报告具有显著的正向影响,而公司规模与公司社会报告呈负相关;因此,这意味着相对较小的公司在社会报告方面表现更好。然而,董事会规模和公司网络对公司社会报告没有显著影响。理论贡献/独创性:该研究对企业不同的内部因素,特别是政府如何运用SRO等法律安排来激励企业开展企业社会活动和信息披露的理论方面做出了贡献。本研究进一步强化了资源依赖理论在企业社会责任中的应用。实践者/政策启示:实证结果表明,由于孟加拉国的企业社会责任是自愿实践的,政府对企业社会责任支出的免税等政策并没有产生太大的影响。研究局限:本研究可以采用多行业数据进行调查,进一步探索行业差异,但由于孟加拉国其他行业的企业社会责任报告较差且不一致,因此仅纳入银行业上市公司,以获得适当的结果和发现。稿件类型:研究论文。关键词:企业社会报告,内部因素,监管影响,银行业JEL分类:M14
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引用次数: 0
Malaysian Individual Investors: What Are the Factors That Influence Their Financial Statement Usage? 马来西亚个人投资者:影响其财务报表使用的因素是什么?
Pub Date : 2019-02-28 DOI: 10.22452/AJAP.VOL12NO1.2
K. Kishan, E. Alfan
Research aim: This study seeks to examine the knowledge and attitudinal factors that influence financial statement usage among Malaysian individual investors. Design/ Methodology/Approach: A survey was conducted on a sample of 399 Malaysian individual investors using self-administered questionnaires. Research finding: The findings reveal that financial statement usage is positively associated with subjective norm, financial statement knowledge, attitude towards financial statement usage, and perceived behavioural control. However, it is negatively associated with trading frequency attitude. Theoretical contribution/Originality: This study seeks to contribute to the very limited research on the factors that influence individual investors’ financial statement usage. Additionally, it enriches the literature on financial statement usage among individual investors in Malaysia by showing the extent to which the three main financial statements are utilised by them. Furthermore, this research extends financial literacy research on stock investing to the realm of financial statement usage by highlighting the influence of financial statement knowledge on this behaviour. Thus, the study seeks to bridge the gap between financial reporting and financial literacy. Practitioner/Policy implication: The findings provide useful insights for the providers of investor education programmes in developing more holistic programmes. Research limitation/Implication: Non-random sampling was employed in this study, albeit such an approach is consistent with the literature. Also, respondents comprised individual investors who are proficient in English because the researchers seek to complement Malaysian studies on the readability of English language financial statement narratives. Keywords: Financial Reporting, Investment Decision-making, Financial Knowledge Type of manuscript: Research paper JEL Classification: M41, G41, D80
研究目的:本研究旨在探讨影响马来西亚个人投资者财务报表使用的知识和态度因素。设计/方法/方法:以399名马来西亚个人投资者为样本,采用自填问卷进行调查。研究发现:研究结果表明,财务报表使用与主观规范、财务报表知识、对财务报表使用的态度和感知行为控制呈正相关。然而,它与交易频率态度呈负相关。理论贡献/独创性:本研究旨在对影响个人投资者财务报表使用的因素的非常有限的研究做出贡献。此外,它丰富了在马来西亚的个人投资者之间的财务报表使用的文献显示的程度,其中三个主要的财务报表是由他们利用。此外,本研究通过强调财务报表知识对这种行为的影响,将股票投资的财务素养研究扩展到财务报表使用领域。因此,本研究旨在弥合财务报告与财务素养之间的差距。从业者/政策含义:研究结果为投资者教育计划的提供者提供了有用的见解,以制定更全面的计划。研究限制/启示:本研究采用非随机抽样,尽管这种方法与文献一致。此外,受访者包括精通英语的个人投资者,因为研究人员试图补充马来西亚关于英语财务报表叙述可读性的研究。关键词:财务报告,投资决策,财务知识稿件类型:研究论文JEL分类:M41, G41, D80
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引用次数: 6
Corporate Governance and Financial Distress: Malaysian Perspective 公司治理与财务困境:马来西亚视角
Pub Date : 2018-08-31 DOI: 10.22452/ajap.vol11no1.5
Mazurina Mohd Ali, Noriza Mohd Nasir
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引用次数: 23
期刊
Asian Journal of Accounting Perspectives
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