Loading...
Please wait, while we are loading the content...
Similar Documents
Do better governed firms make more informative disclosures? Canadian evidence
| Content Provider | Semantic Scholar |
|---|---|
| Author | Beekes, Wendy Brown, Philip Chin, Germaine |
| Copyright Year | 2007 |
| Abstract | We investigate the link between the informativeness of corporate disclosures and firms' corporate governance structures. Using a Canadian sample of firms rated in the November 2004 Board Shareholder Confidence Index, we examine whether corporate governance is a significant influence on the frequency of a firm's disclosures, on analyst behaviour and on the timeliness of price discovery. We find Canadian firms with better governance structures release more documents to the stock market. These firms also attract a larger following of analysts, and their share prices integrate value-relevant information more rapidly. Overall our results confirm other evidence suggesting corporate governance can play a significant role in determining the efficiency of a country's equity market. |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.881062 |
| Alternate Webpage(s) | http://eprints.lancs.ac.uk/48826/1/Document.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.881062 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
