Web-Based Disclosure About Value Creation Processes: A Monitoring Perspective

• Autores: Denis Cormier, Walter Aerts, Marie Josee Ledoux, Michel Magnan
• Localización: Abacus: A journal of accounting, finance and business studies, ISSN 0001-3072, Vol. 46, Nº 3, 2010, págs. 320-347
• Idioma: inglés
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• Dialnet Métricas: 1 Cita
• Resumen

  • Adopting a monitoring perspective, this study aims to explain how and why firms provide web-based disclosure about their value creation and its underlying processes. We rely on the balanced scoreboard approach to measure disclosure. Our results suggest that costs incurred by capital markets' participants as well as monitoring by the board and the media drive disclosure. Moreover, we argue and document that a firm's disclosure is actually a part of its governance configuration and influences some board processes.