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
      Country/TerritoryNetherlands
      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