An objective of many proposed corporate governance reforms is increased transparency. This goal has been relatively uncontroversial, as most observers believe increased transparency to be unambiguously good. We argue that, from a corporate governance perspective, there are likely to be both costs and benefits to increased transparency, leading to an optimum level beyond which increasing transpa...

This study aims to determine the effect of accountability, transparency and responsiveness on quality financial reports in Tulungagung. In this study, primary data collected by using Google form quantitativeemethods. The populationsin were villagesadministrative officer throughout By calculating Slovin formula, it generates 69 samples individual respondent. With a significance 0.684 tcount 0.40...

Financial literacy of investors reduces uncertainty on future decisions and increases predictability of investment policies in financial markets. Thus, the lack of clear information on financial markets is a determining factor in the arrival of domestic and foreign capitals and their quick exit in case of crisis. The lack of transparency and basic knowledge on decisions and failure to provide r...

Abstract The updated Directive 2013/34/EU brought a legal duty for large undertakings in the EU to include their management report non-financial statement. Considering UN Agenda 2030, European Green Deal and Action Plan on Financing Sustainable Growth, there was enacted Regulation (EU) 2020/852 aka Taxonomy which adds this reporting information about environmental sustainability of economic act...

We test whether mandatory IFRS adoption affects firm-level ‘crash risk,’ defined as the frequency of extreme negative stock returns. We separately analyze non-financial firms and financial firms because IFRS is likely to affect their crash risk differently. We find that crash risk decreases among non-financial firms after IFRS adoption, especially among firms in poor information environments an...