A transparency Disclosure Index measuring disclosures: Chinese listed companies
This study addresses the question whether transparency matters among Chinese listed companies. We construct a comprehensive scorecard, based on the OECD Principles of Corporate Governance, in order to assess the transparency of 100 major Chinese listed companies. Based on the scorecard, we construct...
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| Veröffentlicht in: | Journal of accounting and public policy 2010-06, Vol.29 (3), p.259-280 |
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| container_title | Journal of accounting and public policy |
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| creator | Cheung, Yan-Leung Jiang, Ping Tan, Weiqiang |
| description | This study addresses the question whether transparency matters among Chinese listed companies. We construct a comprehensive scorecard, based on the OECD Principles of Corporate Governance, in order to assess the transparency of 100 major Chinese listed companies. Based on the scorecard, we construct a Transparency Index (
TI) which is used to assess these major Chinese listed companies during 2004–2007. The results reveal that there is a positive and significant relation between company transparency and market valuation. When we further split the
TI into Mandatory and Voluntary Disclosure Indexes, it is found that market valuation is only related to the Voluntary Disclosure Index. Finally, we find that more profitable, overseas-listed, and companies with a separate CEO and board chairman tend to disclose more on a voluntary basis. |
| doi_str_mv | 10.1016/j.jaccpubpol.2010.02.001 |
| format | Article |
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TI) which is used to assess these major Chinese listed companies during 2004–2007. The results reveal that there is a positive and significant relation between company transparency and market valuation. When we further split the
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TI) which is used to assess these major Chinese listed companies during 2004–2007. The results reveal that there is a positive and significant relation between company transparency and market valuation. When we further split the
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| identifier | ISSN: 0278-4254 |
| ispartof | Journal of accounting and public policy, 2010-06, Vol.29 (3), p.259-280 |
| issn | 0278-4254 1873-2070 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_755158065 |
| source | RePEc; PAIS Index; Elsevier ScienceDirect Journals |
| subjects | Accounting China Corporate Governance Corporate Governance Disclosure China OECD Principles Disclosure Financial reporting Firm value Indexation Market analysis Measurement OECD Principles Profitability Public companies Studies Transparency Valuation |
| title | A transparency Disclosure Index measuring disclosures: Chinese listed companies |
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