What drives firms to report transparently?

Press/Media: Other

Description

The introduction of new international standards in financial reporting in 2005 has made companies’ financial reporting more transparent. But still, not all firms are equally open or transparent about the financial information they disclose, says PhD candidate Henry van Beusichem of Rotterdam School of Management, Erasmus University (RSM). He studied what drives these differences in transparency in financial reporting and discovered that being owned by a bank actually decreases a firm’s transparency. On the other hand, firms with preferred shares to protect themselves against hostile takeovers show more transparency in their financial reporting. He will defend his thesis on 16 June.

Period14 Jun 2016

Media coverage

1

Media coverage

  • TitleWhat drives firms to report transparently?
    Degree of recognitionNational
    Media name/outletRSM Discovery: Research Impact
    Media typeWeb
    CountryNetherlands
    Date14/06/16
    DescriptionThe introduction of new international standards in financial reporting in 2005 has made companies’ financial reporting more transparent. But still, not all firms are equally open or transparent about the financial information they disclose, says PhD candidate Henry van Beusichem of Rotterdam School of Management, Erasmus University (RSM). He studied what drives these differences in transparency in financial reporting and discovered that being owned by a bank actually decreases a firm’s transparency. On the other hand, firms with preferred shares to protect themselves against hostile takeovers show more transparency in their financial reporting. He will defend his thesis on 16 June.
    Producer/AuthorRamses Singeling, Media Officer for RSM
    URLhttps://discovery.rsm.nl/articles/detail/233-what-drives-firms-to-report-transparently/
    PersonsH.C. (Henry) van Beusichem

Keywords

  • Transperency
  • Annual reports
  • IFRS
  • Corporate governance
  • Financial performance
  • Listed companies (Euronext)
  • Bank ownership
  • Preference shares
  • Netherlands
  • PhD