CORPORATE GOVERNANCE AND INFORMATION TRANSPARENCY: A SIMULTANEOUS EQUATIONS APPROACH
Journal Title: Asian Economic and Financial Review - Year 2017, Vol 7, Issue 6
Abstract
The purpose of this paper is to review the relationship between corporate governance mechanisms and information transparency. In this paper, we aim to answer the important questions of whether corporate governance affects financial information transparency, if so, whether transparency reporting can affects corporate governance mechanisms and the interaction of internal and external governance mechanisms. This study uses a sample of 28 non-financial listed Tunisian companies and covers an eight-year period from 2006 to 2013. To test the hypotheses of this research, a simultaneous equation system model was applied. The results obtained shows that, for the Tunisians companies, financial transparency have a significant effect on board size and on audit quality. The current study also provides evidence that corporate governance mechanisms are interdependent. The findings may be of interest to those academic researchers, practitioners and regulators who are interested in discovering corporate governance practices in Tunisian context. This paper extends the existing literature, in the Tunisian context in particular, by examining the causal relationship between corporate governance and information transparency.
Authors and Affiliations
Maali KACHOURI*| Faculty of Economic Sciences and Management of Sfax, University of Sfax, Sfax, Tunisia, Anis JARBOUI| Professor of Finance and Accounting, University of Sfax, Tunisia
Keywords
Related Articles
- EP ID EP2390
- DOI -
- Views 648
- Downloads 87
INVESTIGATING THE HOUSING PRICE BUBBLE IN METROPOLISES OF IRAN DURING 2000-2006
Non-optimal allocation of resources, increased levels of speculative activities, increased transfer of capital in asset market can be considered as the main results of housing price bubble. The main reason for the import...
AN INVESTIGATION INTO THE EFFICIENCY OF MONETARY AND FISCAL POLICIES IN IRAN CASE STUDY: THE 4th ECONOMIC DEVELOPMENT PLAN
This study investigates the efficiency of the quantitative targets of monetary and fiscal policies of Iranian 4th economic development plan using dynamic simulation approach. An open macro economy model was designed and...
ENTREPRENEURIAL EMPOWERMENT OF AGRICULTURE AND INDUSTRIAL SECTOR IN RURAL AREAS OF SEMARANG REGENCY INDONESIA
Sources of income of farmers not only from the agricultural sector, but farmers often also work in other sectors such as in the non-agricultural sector. In this regard, the economic empowerment of farmers should also con...
ESTIMATING GROWTH IN INVESTMENT OF MICRO AND SMALL SCALE ENTERPRISES IN NIGERIA
This study analyzed the growth in investment of Micro and Small Scale Enterprises Intermediated by the informal credit market in Nigeria. Primary data for this study were collected from 10 (ten) Local Government Areas of...
THE LINKAGE OF EMPLOYEE SATISFACTION AND LOYALTY IN HOTEL INDUSTRIES OF PAKISTAN
Most of the hotel industries now a day facemany difficulties in making their employees satisfied. So they are failed to find out the reasons that made their workers satisfied and loyal. This study includes 13 variables o...