文档介绍：原文:
The impact of corporate governance on financial reporting
The is a unique information dissemination tool in that it encourages flexible forms of presentation and munication with an unlimited number of potential and existing shareholders. Currently, the majority of financial reporting (IFR) practices is voluntary1 and, for the most part, unregulated. Financial information provided on corporate web sites varies panies and ranges widely from required Securities and mission (SEC) filings to various unaudited and forward-looking voluntary disclosures. In addition, IFR supports presentaion methods that are not available in traditional, paper-based financial reporting, such as hypertext, multiple file formats (. pdf, text-based), and multimedia. For example, Debreceny et al. (2002) conduct a cross-country analysis and show that firm size, listing on . securities market and the level of technology are significantly positively associated with the level of financial reporting. Ettredge et al. (2002) investigate the characteristics of IFR firms and document a significant positive association between voluntary financial disclosures and factors such as firm size, demand for external capital, information asymmetry, and disclosure quality ratings.
In examining the factors that affect listed panies’ voluntary adoption of IFR and their extent of disclosure, find significant association between -based disclosure choices and the multiclass of ownership structure, such as government agencies ownership, state-owned corporations ownership, and legal person ownership. We extend prior corporate governance and IFR research by examining the impact of firms’ corporate governance structures on the content and format of financial disclosures of . companies. There has been an increasing call for firms to improve on their corporate governance structure and financial disclosures. The current study examines several corporate governance mechanisms in a single model assuming dif