The Quality of Corporate Governance Reporting –Empirical Evidence from Germany

Reiner Quick () and Dipl. Kffr. Daniela Wiemann
Additional contact information
Reiner Quick: University of Technology, Department of Accounting and Auditing, Hochschulstrasse 1, 64289 Darmstadt, GERMANY

Advances In Management, 2011, vol. 4, issue 8

Abstract: According to the German Corporate Governance Code, a separate corporate governance report should be published in the annual report. In this study a scoring model is developed to evaluate the quality of corporate governance reports published by the 50 largest listed companies in Germany. The assessment criteria were derived from the German Corporate Governance Code and from the recommendations of a national research group. Results show that the reporting on supervisory board, management board and compliance statement is of a relatively good quality. Larger deficiencies can be found regarding the reporting on general meeting, ownership of shares and directors’ dealing, risk management and internal control system and in particular regarding reporting and audit of annual financial statements. Results of univariate and multivariate analyses suggest that the reporting quality is mainly determined by firm size. With regard to the univariate test results, size and a NYSE listing turned out to be significant variables as well.

Date: 2011
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.managein.net/bk_issue/abst_4_8.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:mgn:journl:v:4:y:2011:i:8:a:5

Access Statistics for this article

More articles in Advances In Management from Advances in Management
Series data maintained by Shankar Gargh ().