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Title: Essays in corporate disclosure practices
Author: Abraham, Santhosh
Awarding Body: University of Exeter
Current Institution: University of Exeter
Date of Award: 2008
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This thesis Essays on corporate disclosure adds to the financial reporting literature in a series of three studies which seeks to further advance knowledge on corporate disclosure practices. Forward looking information released by company management is increasingly gaining importance in accounting and finance research in response to the changing business environment and is t1).e primary focus of this thesis. The first study examines the relation between corporate governance factors and regulation on the extent of risk disclosure in corporate annual reports in the United Kingdom. The second study develops a methodology to examine and rank the quality of business risk reporting in the annual report ofUK companies over a period of three years. The fmal study examines the relation between the earnings environment firms are operating in and the amount of news disclosures in relation to future earnings that companies release to the stock market. Results from the first study (Chapter 4) provide evidence for a link between governance factors and the extent of risk disclosure in corporate annual reports. While the study shows that regulation has an impact on disclosure, the unconsolidated results on the different types of risk disclosure suggest that cross sectional variation in the pattern of narrative annual report risk information is dependent upon the form that disclosure regulation takes. The second study (Chapter 5) shows that for the period examined companies that disclose information on business risk factors provide industry specific information on risk factors but the study corroborates the fmding of prior studies that managers are reluctant to quantify the impact of risk factors in their external reporting. The third study in the thesis (Chapter 6) shows that when firms are in a negative earnings environment (earnings falling in relation to previous years) the frequency of future earnings related disclosure increase. Other issues discussed in this thesis include the motivation for the three studies examined in relation to financial reporting (Chapter 1), some of the key disclosure literature (chapte~ 2) and governance developments in the United Kingdom (Chapter 3). Chapter 7 provides conclusions from the study and also in~oduces areas for future research.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available