The Convergence of Disclosure and Governance Practices in the World's Largest Firms
Many studies discuss convergence of cross‐border governance and governance‐related disclosure practices, but provide little empirical evidence to support their arguments and analysis. Our study examines the governance and disclosure practices of the world’s largest transnational firms. Using a uniqu...
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| Veröffentlicht in: | Corporate governance : an international review 2007-03, Vol.15 (2), p.294-310 |
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| container_title | Corporate governance : an international review |
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| creator | Markarian, Garen Parbonetti, Antonio Previts, Gary John |
| description | Many studies discuss convergence of cross‐border governance and governance‐related disclosure practices, but provide little empirical evidence to support their arguments and analysis. Our study examines the governance and disclosure practices of the world’s largest transnational firms. Using a unique dataset of 75 large firms in two time periods, 1995 and 2002, we examine both the governance practices, and disclosures regarding those governance practices, across Anglo‐Saxon and non‐Anglo‐Saxon firms. Results indicate that non‐Anglo‐Saxon firms have developed their governance practices towards promoting an independent mechanism of control, namely a mechanism that is more similar to an Anglo‐Saxon governance regime. In regard to governance‐related disclosure practices, results indicate that for both Anglo‐Saxon and non‐Anglo‐Saxon groups, disclosure practices have been evolving and converging towards more disclosures regarding governance matters. |
| doi_str_mv | 10.1111/j.1467-8683.2007.00561.x |
| format | Article |
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| identifier | ISSN: 0964-8410 |
| ispartof | Corporate governance : an international review, 2007-03, Vol.15 (2), p.294-310 |
| issn | 0964-8410 1467-8683 |
| language | eng |
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| source | RePEc; Wiley Journals; EBSCOhost Business Source Complete |
| subjects | Accounting Big business Business practices Convergence corporate disclosure Corporate governance Disclosure Financial reporting International international accounting Large enterprises Multinational enterprises Studies Transnationalism |
| title | The Convergence of Disclosure and Governance Practices in the World's Largest Firms |
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