Web‐Based Disclosure About Value Creation Processes: A Monitoring Perspective |
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| Authors: | DENIS CORMIER WALTER AERTS MARIE‐JOSÉE LEDOUX MICHEL MAGNAN |
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| Affiliation: | 1. School of Management, University of Quebec at Montreal (ESG UQ?M);2. Department of Accounting and Finance, University of Antwerp;3. School of Management, University of Quebec at Montreal;4. Department of Accountancy, Concordia University |
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| Abstract: | 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. |
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| Keywords: | Corporate disclosure Corporate governance Monitoring Voluntary disclosure Web reporting |
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