Measuring the effect of selected firm characteristics and profitability on corporate governance disclosures among publicly listed companies in the Philippiness

• Main Authors: Capistrano, Cherry Soy A., Faria, Kenneth B., Maranan, Mardelyn I., Ong, Bryan Timothy L.
• Format: text
• Language: English
• Published: Animo Repository 2009
• Subjects: Corporate profits > Accounting > Standards; Corporate governance; Disclosure in accounting > Philippines
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/14702
• Institution: De La Salle University

Disclosures in the annual reports are pieces of information that are useful to the decision-making processes. Due to recent financial setbacks, the corporate governance disclosures in the annual report are indirectly affected. As a consequence, users of the annual reports demand for more information to be disclosed to aid deliberating processes within firms. Due to limited studies in the Philippines regarding the corporate governance disclosures, this study aimed to provide an understanding on how selected firm characteristics influence the corporate governance disclosures of the publicly listed firms in the Philippines. The selected firm characteristics and profitability that this study covered were board ownership, non-executive directors, large audit firms, role duality, diffuse ownership, corporation size, audit committee, nomination committee, compensation committee, board size, and return on equity. Data was obtained from the 2007 and 2008 annual reports of the companies listed in the Philippine Stock Exchange as of year 2009. The study used the corporate governance index in measuring the compliance of the firms with the required corporate governance disclosures. By employing multiple regression analyses the study determined whether the firm characteristics are related to the level of corporate disclosure governance disclosures.