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Director Training and Financial Disclosure: Asian Insights

Journal Article


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Abstract


  • We provide evidence regarding the relationship between director training programs and improved financial reporting. Director Training Programs (DTP) help directors better understand the specific context in which a firm operates, including its operations and environment; awareness of business norms and values; standards of probity and accountability; and their fiduciary duties as an agent of investors. This study explores a recent requirement for director training and its effect on the quality of financial reporting for publicly listed companies in three eastern countries. This study examines the relationship between DTP and the quality of financial reporting of Australian, Malaysian and Pakistani publicly listed companies by using a sample of data from 2011 to 2013. We determined that Australian companies that incur additional DTP expenditures and have a flexible training schedule (Online DTP)improve their financial reporting quality and that a well-established DTP positively affects financial reporting quality in Malaysia. In addition, the results indicate that firm size negatively affects financial reporting quality in the Asia Pacific and older companies (firm age) suffer from low-quality financial reporting.

UOW Authors


  •   Yasser, Qaiser Rafique (external author)
  •   Mamun, Abdullah Al
  •   Rodrigs, Marcus (external author)

Publication Date


  • 2017

Citation


  • Yasser, Q., Mamun, A. & Rodrigs, M. (2017). Director Training and Financial Disclosure: Asian Insights. Contemporary Economics, 11 (2), 145-160.

Scopus Eid


  • 2-s2.0-85024101105

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2731&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1700

Number Of Pages


  • 15

Start Page


  • 145

End Page


  • 160

Volume


  • 11

Issue


  • 2

Place Of Publication


  • Poland

Abstract


  • We provide evidence regarding the relationship between director training programs and improved financial reporting. Director Training Programs (DTP) help directors better understand the specific context in which a firm operates, including its operations and environment; awareness of business norms and values; standards of probity and accountability; and their fiduciary duties as an agent of investors. This study explores a recent requirement for director training and its effect on the quality of financial reporting for publicly listed companies in three eastern countries. This study examines the relationship between DTP and the quality of financial reporting of Australian, Malaysian and Pakistani publicly listed companies by using a sample of data from 2011 to 2013. We determined that Australian companies that incur additional DTP expenditures and have a flexible training schedule (Online DTP)improve their financial reporting quality and that a well-established DTP positively affects financial reporting quality in Malaysia. In addition, the results indicate that firm size negatively affects financial reporting quality in the Asia Pacific and older companies (firm age) suffer from low-quality financial reporting.

UOW Authors


  •   Yasser, Qaiser Rafique (external author)
  •   Mamun, Abdullah Al
  •   Rodrigs, Marcus (external author)

Publication Date


  • 2017

Citation


  • Yasser, Q., Mamun, A. & Rodrigs, M. (2017). Director Training and Financial Disclosure: Asian Insights. Contemporary Economics, 11 (2), 145-160.

Scopus Eid


  • 2-s2.0-85024101105

Ro Full-text Url


  • https://ro.uow.edu.au/cgi/viewcontent.cgi?article=2731&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/1700

Number Of Pages


  • 15

Start Page


  • 145

End Page


  • 160

Volume


  • 11

Issue


  • 2

Place Of Publication


  • Poland