Do Better‐Governed Australian Firms Make More Informative Disclosures?

Wendy Beekes () and Philip Brown

Journal of Business Finance & Accounting, 2006, vol. 33, issue 3‐4, 422-450

Abstract: Abstract: We investigate whether and if so, how, corporate governance ‘quality’1 is related to the information flows from a company and how the share market and its agents respond. Specifically, we study links between the ‘quality’ of a firm's corporate governance (CGQ) and the informativeness of its disclosures. We employ six indicators of informativeness. They include document counts, properties of analysts’ forecasts and a ‘timeliness’ metric, in the spirit of Ball and Brown (1968), that reflects the average speed of price discovery throughout the year. Our results suggest the answer to our question is ‘Yes’: better‐governed firms do make more informative disclosures.

Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (77)

Downloads: (external link)
https://doi.org/10.1111/j.1468-5957.2006.00614.x

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: https://EconPapers.repec.org/RePEc:bla:jbfnac:v:33:y:2006:i:3-4:p:422-450

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0306-686X

Access Statistics for this article

Journal of Business Finance & Accounting is currently edited by P. F. Pope, A. W. Stark and M. Walker

More articles in Journal of Business Finance & Accounting from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().