Financial Reporting Practices in the Textile Manufacturing Sectors of Bangladesh
DOI:
https://doi.org/10.18034/abcjar.v3i2.38Keywords:
Corporate Governance, Voluntary Disclosure, Textile Companies, DSEAbstract
The aim of this study is to examine the factors that influence companies to disclose voluntary information in their annual reports of Textile Manufacturing Companies in Bangladesh. The study is used ordinary least squares (OLS) regression model to examine the relationship between dependent variable and independent variables. The factors are proportion of independent non-executive directors (INDs), board size, board audit committee, ownership structure, Profitability and firm size. The extent of voluntary disclosure level is measured by using 68 items of information. Data have been taken from annual reports of 21 listed Textile Manufacturing Companies in DSE of Bangladesh-2010. The result shows a positive association between board size and voluntary disclosure and also total assets with voluntary disclosure. In contrast, the extent of voluntary disclosure is negatively related to the ownership structure.
Metrics
Downloads
References
Abdurrouf, M. (2011)Ownership Structure and Voluntary Disclosure in Annual Reports of Bangladesh”, Pakistan Journal of Commerce and Social Science, Volume-5, Number-1, 2011,Pp-129-139
Abdurrouf, M. (2011)The Role of CEO, Board Composition and Firm Performance: An Empirical Study of Listed Companies in Bangladesh” Indian Journal of Commerce & Management Studies, Volume-II, Issue-2, March-2011, pp-77-84
Abdurrouf.M.(2012)Ownership Structure, Audit Committee and Corporate Performance, Journal of the Institute of Cost and Management Accounts of Bangladesh, Volume-XL, Number-5, September-October, 2012, Pp-40-45
Adams, C. A., Hill, W. and Roberts, C.B.(1998) Corporate Social Reporting Practices in Western Europe: Legitimating Corporate Behavior. British Accounting Review-30,1-21
Ahmed AA and Ahmad M. 2009. An Empirical Analysis of Performance Measurement of the Disclosure in Financial Reporting: A Study of Banking Sector in Bangladesh COMSATS Institute if Information Technology 2nd COMSATS International Business Research Conference. Lahore, Pakistan: CIIT.
Ahmed AA and Dey MM. 2011. Accounting Disclosure Scenario: An Empirical Study of the Banking Sector of Bangladesh Accounting & Management Information Systems, 9.
Ahmed AA, Dey MM, Akhter W and Raza A. 2011. Timeliness attributes and the extent of accounting disclosure: a study of banking companies in Bangladesh Interdisciplinary Journal of Contemporary Research in Business, 3, 915-925.
Ahmed AA, Khan W and Hossain MS. 2011. Reporting Practice of Accounting Disclosure on Changes in Listed Companies of Bangladesh ASA University Review, 5, 83-96.
Ahmed AA. 2012. Disclosure of Financial Reporting and Firm Structure as a Determinant: A Study on the Listed Companies of DSE ASA University Review, 6, 44-60.
Ahmed, K. and John, K. C. (1999) Associations between Corporate Characteristics and Disclosure Levels in Annual Reports: A Meta-Analysis, British Accounting Review (1999) 31, 35–61
Akhtaruddin, M., Hossain, M. A., Hossain, M. & Yao Lee (2009) Corporate Governance and Voluntary Disclosure in Corporate Annual Reports of Malaysian Listed Firms, The Journal of Applied Management Accounting Research, Vol-7 Number-1, 2009
Akhtaruddin, M.,(2005) Corporate mandatory disclosure practices in Bangladesh, The International Journal of Accounting 40(2005) 399-422
Alsaeed Khalid (2006) The association between firm-specific characteristics and disclosure: The case of Saudi Arabia, Managerial Auditing Journal: 2006 Volume: 21 Issue: 5 Page: 476 - 496
Al-Shammari, B. (2008). Voluntary disclosure in Kuwait corporate annual reports, Review of Business Research, 1,10−30.
Apostolos, K. A. and Konstantinos, A.N. (2009) Voluntary accounting disclosure and corporate governance: evidence from Greek listed firms, International Journal of Accounting and Finance 2009 - Vol. 1, No.4 pp. 395 - 414
Barako, D.G., Hancock, P. & Izan, H. Y (2006) Factors influencing voluntary corporate disclosure by Kenyan companies, Corporate Governance: An International Review 14 (2): 107-125.
Bradbury, M.E.(1992) Voluntary disclosure of financial segment data: New Zealand evidence, Accounting and Finance, 32, 15-26
Bruce, J. M. and Merridee, B. (2006) Corporate Governance: Factors Influencing Voluntary Disclosure by Publicly Traded Canadian Firms, Canadian Academic Accounting Association.
Chau, GK and Gray, SJ (2002) Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore, The International Journal Account.37:247-265
Chen, C. J. P., and Jaggi, B. (2000) Association between independent non-executive directors, family control and financial disclosures in Hong Kong, Journal of Accounting and Public Policy 19 (4-5): 285-310.
Cheng and Courtenay (2006) Board composition, regulatory regime and voluntary disclosure, The International Journal of Accounting 41 (3): 262-289.
Eng, L. L., and Mak, Y. T. (2003) Corporate governance and voluntary disclosure, Journal of Accounting and Public Policy 22 (4): 325-345.
Ferguson, M. J., Lam, K. C., & Lee, M. G. (2002) Voluntary disclosure by state-owned enterprises listed on the stock exchange of Hong Kong. Journal of International Financial Management and Accounting, 13(2), 125−152
Gerald K. C and Sidney J. G (2002) “Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore”, The International Journal of Accounting, Volume 37, Issue 2 , 2002, Pages 247-265
Haniffa, R. M., and T. E. Cooke (2002) Culture, corporate governance and disclosure in Malaysian Corporations, Abacus 38 (3): 317-349
Ho & Wong (2001)A study of corporate disclosure practices and effectiveness in Hong Kong, Journal of International Financial Management and Accounting, 12(1), 75-101.
HongxiaLi & Ainian Qi (2008) Impact of Corporate Governance on Voluntary Disclosure in Chiness Listed Companies, Corporate Ownership & control/ Volume-5, Inssue-2, Winter-2008.
Hossain, M. and Hammami, H.(2009)Hossain, M., & Reaz, M. (2007) Determinants and characteristics of voluntary disclosure by Indian banking companies, Corporate Social Responsibility and Environmental Management Corp. Soc. Responsibility, Environment Management, 14(5), 274−288
Hossain, M., Perera, M.H.B., & Rahman, A.R.(1995) Voluntary disclosure in the annual reports of New Zealand companies, Journal of International Financial Management and Accounting,6, 69-87.
Hossain,M., Tan, L.M., & Adams,M. (1994). Voluntary disclosure in an emerging capital market: Some empirical evidence from companies listed on the Kuala Lumpur Stock Exchange. The International Journal of Accounting, 29, 334−351
Karim, A.K.M.W (1996) The association between corporate attributes and the extent of corporate disclosure, Journal of Business Studies, University of Dhaka, 17(2), 89-124.
Kusumawati, D. N (2006) Profitability and Corporate Governance Disclosure: An Indoneian Study. Simposium Nasional Akuntansi-9 Padahg, 23-26 Agustus, K-INT-14, pp-1-19
Leventis, S. and Weetman, P.(2004)Voluntary Disclosures In An Emerging Capital Market: Some Evidence From The Athens Stock Exchange , Advances in International Accounting, Volume 17, 2004, Pages 227-250
Lim, S., Matolcsy, Z. and Chow, D. (2007) Association between Board Composition and Different Types of Voluntary Disclosure, European Accounting Review, Forthcoming, July 12, 2007
Marston, C., & Robson, P. (1997) Financial reporting in India: Changes in disclosure over the period 1982 to 1990. Asia-Pacific Journal of Accounting, 4(6), 109−139
Meek, G. K., Roberts, C. B., & Gray, S. J. (1995) Factors influencing voluntary annual report disclosures by U.S., U.K. and continental European multinational corporations, Journal of International Business Studies, 26(3), 5−572
Naser, K., Al-Hussaini, A., Al-Kwari, D., & Nuseibeh, R. (2006) Determinants of corporate social disclosure in developing countries: The case of Qatar. Advances in International Accounting, 19,1–23.
New. D., Warsame, H. & Pedwell, K. (1998) Managing Public Impressions: Environmental Disclosures in Annual Reports, Accounting, Organizations and Society, Vol.23, No.3, P-265-282
Obeua S Persons (2009) Audit committee characteristics and earlier voluntary ethics disclosure among fraud and no-fraud firms, International Journal of Disclosure and Governance (2009) 6, 284–297
Ros, H & Terry, C (2000) Culture, Corporate Governance and Disclosure in Malaysian Corporations, The Asian AAA World Conference in Singapore, 28-30 August 2000.
Rosario, M. and Flora, M. (2005)Corporate Characteristics, Governance Rules and the Extent of Voluntary Disclosure in Spain, Advances in Accounting, Volume 21, 2005, Pages 299-331
Samir, M, James, E. G. & Fornaro, M. (2003) An Empirical Investigation of Corporate Voluntary Disclosure of Management’s Responsibilities for Financial Reporting, Lubin School of Business Faculty Working Papers, Pace University
Simon, S.M. H. and Kar, S. W (2001) A study of the relationship between corporate governance structures and the extent of voluntary disclosure, Journal of International Accounting, Auditing and Taxation, Volume 10, Issue 2, Summer- 2001, Pages 139-156
Voluntary disclosure in the annual reports of an emerging country: The case of Qatar, Advances in International Accounting, Volume 17, 2009, Pages 227-250
Wang Xue (2008) Voluntary Disclosure Behavior and Strategy in Chinese Listed Companies, Journal of Modern Accounting and Auditing, ISSN 1548 -6583, USA, Vol.4 (Serial No. 35)
--0--
Downloads
Published
Issue
Section
License
