In section 2, we review the literature on information disclosure and the components considered in some information indicators constructed by various authors. These guidelines were developed inwith changes in and The guidelines allow the board to take advantage of the minimum information disclosure requirements to exercise discretion in presenting results .
Ejemplos de estudio de casos educativos
Companies provide information through regulated financial reports, although there are also companies that voluntarily provide information on management forecasts . Dimension components and eigenvalues of the TI. Bravo, Ma. Components m, n and k are associated with another dimension dimension 2. Journal of Accounting Research. Silva, D. Pereira and X. The 17 components used in this investigation to study the dimensions comprising the information disclosure TI are based on . Based on descriptive analysis of the sample, we find that the items with the lowest scores on a scale of 1 to 5 are those that relate to the following factors: the disclosure of information on non-auditor professional fees, intracompany and intercompany industry regulations, interim reviews of the accounting system, principal financial and non-financial features, the assignment of independent professional consultants, the company secretarial system and the involvement and relationships with external auditors see Table 1. For example, for dimension 1, these would be companies 4 and According to the taxonomy defined by  for transparency indices, the nature of the indicator used in the document corresponds to the category called "discretionary disclosure", and the object being studied is the degree of discretion with which administrators deliver information. Chen, H. Lee and W. Similar amounts of variance are explained by each of them 2. There is also a distinction between voluntary information disclosure and disclosure required by law or regulations .
For example, for dimension 1, these would be companies 4 and The Accounting Review. The methodology used allows us to analyze the disclosure behavior of the set of studied companies.
Estudio de caso ejemplo corto
Chung, C. Managerial Auditing Journal. Lee and W. Eng, K. Dimension 1 has a scope related to the following factors: disclosure of accounting policies and criteria in the notes of the financial statements, the availability of financial information sources, the main aspects of external audit and fines and fees paid to or by the company. Rahman and A. Table 2. Some of the most important examples are the following: Company data [21,23], Information on forecasts [21, , 27], Information on company management [21,23], Financial accounting information [21, 25, 27], information on external auditors [, ], Information on the board of directors [, ], Information on segments [, 27, 29], Voluntary and mandatory annual K form and quarterly Form Q information, required by regulatory entities, such as the Securities and Exchange Commission SEC . Pizarro "The influence of institutional investors on the transparency of the Chilean capital market".
Some companies voluntarily pass on more information. Furthermore, information disclosure is determined by internal mechanisms of corporate governance, so we consider authors who in some cases refer to good corporate governance indices and not only to information transparency and quality indices.
Asia-Pacific Journal of Accounting and Economics. Figure 2. An indirect way of measuring it is to consider it as a function of the bid-ask spread, such that a larger spread implies greater information asymmetry  Companies with poor transparency and information disclosure practices will experience severe asymmetry . Bravo, Ma. As in the previous case, scores tend toward zero at equilibrium positions, and as the value increases, it becomes more likely that the object will be represented by the conducted analysis. In Chile, the minimum information that should be disclosed by companies on the securities register is established by guidelines from the Superintendent of Securities and Insurance of Chile SVS, by its initials in Spanish. The development of financial markets require that the information disclosed to the providers of capital meet certain quality and transparency conditions, such that investors can have confidence in their investments. Date of visit: November 11, For this study, we used multidimensional analysis, which explains the majority of TI variance and provides the best interpretation of the phenomenon. The method should reduce the dimensions related to information delivery by the company, facilitate the understanding of information quality and transparency and fix the problem of low index variability identified in a previous study . The previous TI indicator did not allow us to efficiently differentiate between companies because, for example, it included non-discriminating variables c, f. Zhou and G. The Chilean stock market displays a high concentration of ownership.
The method should reduce the dimensions related to information delivery by the company, facilitate the understanding of information quality and transparency and fix the problem of low index variability identified in a previous study .
A new group of variables associated with a third dimension dimension 3 includes variables q and g, although the variables m and n also show a strong association with this dimension.
Garay and M. A new group of variables associated with a third dimension dimension 3 includes variables q and g, although the variables m and n also show a strong association with this dimension.
based on 78 review