• International Journal of Internet, Broadcasting and Communication
• /
• 제14권3호
• /
• pp.270-275
• /
• 2022

Examining whether the relationship between proprietary information cost and management's disclosure decision is also valid for domestic companies is expected to provide meaningful implications for investors and regulatory authorities. However, there are no domestic studies related to proprietary information costs so far. This study examines whether managers tend to lower the disclosure level at their discretion in consideration of proprietary information costs. This study used the measurement quality of disclosure to examine whether managers tend to lower the disclosure level at their discretion in consideration of proprietary information costs. As a result of empirical analysis, it was confirmed that there is a negative relationship between proprietary information cost and the quality of disclosure. This suggests that management tends to make disclosure decisions in consideration of not only the benefits of disclosure but also proprietary information costs resulting from disclosure in order to maximize corporate value. These findings are expected to have significant implications for investors and related policy authorities.

• 한국도서관정보학회지
• /
• 제40권4호
• /
• pp.327-351
• /
• 2009

본 연구에서는 2008년 대학정보공시 대상 총 414개교 중 학교의 홈페이지를 가지고 있는 413개교를 대상으로 정보공개제도 및 대학정보공시제의 운영실태를 조사 분석하였다. 대학도서관의 정보공개제도 활성화를 위하여 '대학도서관용' 한국 도서관 통계 항목과 전국 도서관 운영평가 지표를 자율적인 정보공개 표준으로 활용하고, 국가도서관통계시스템의 효율적 활용방안을 제안하였다. 대학정보공시제의 효율화를 위하여 도서관 지원 현황에 대한 공시항목 및 범위는 대학도서관 재정 확보와 개선도에 초점을 두고 공시될 수 있도록 장서보유 현황과 도서관 예산 현황에 대한 개선방안을 각각 제안하였다. 대학도서관은 대학과 사회적 정책적 관심도를 높이기 위하여 정보공개제도와 대학정보공시제를 주요 수단으로 활용할 필요가 있다.

• 한국비블리아학회지
• /
• 제29권2호
• /
• pp.169-197
• /
• 2018

이 연구는 대학정보 사전공개서비스의 운영 현황을 대학기록물의 관리와 서비스라는 관점에서 분석하고 서비스의 안정적인 정착과 운영을 위한 개선방안을 제언하는 것을 목적으로 한다. 이를 위해 대학알리미 사이트와 대학정보공시 운영협력대학 40곳을 대상으로 각 대학 홈페이지에 공시된 대학정보를 중심으로 데이터를 수집하였다. 수집된 데이터를 분석한 결과, 첫째, 사전정보공개서비스를 통해 공시된 정보는 대학의 주요 기능인 연구나 교육에 관한 정보보다 대학행정 정보에 치우쳐 있었다. 둘째, 사전정보공개서비스를 통해 공개된 대학정보는 많은 오류와 잦은 수정으로 인해 신뢰성의 문제가 있었다. 끝으로, 각 대학 홈페이지의 정보공개 메뉴들은 형식적으로 기재되어 운영되고 있음이 밝혀졌다. 이상의 문제점을 해결하기 위한 운영방식의 개선을 제언하였다. 첫째, 공개된 대학정보의 신뢰성 확보를 위해 대학정보 공시방법의 개선을 위한 법적, 제도적 보완을, 둘째, 대학정보 사전공개서비스와 관련된 기관들간의 상호연계성 확보를 통한 운영의 일원화를, 셋째, 공개된 대학정보에 대한 메타데이터도 함께 공개할 것을, 마지막으로, 대학의 기본 기능에 충실한 정보들이 보유 관리되어 공개될 수 있도록 대학내 기록연구사를 배치할 것을 제언하였다.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권12호
• /
• pp.1185-1194
• /
• 2020

This study aims to test Voluntary Disclosure, Quality of Financial Reporting and Information Asymmetry as Moderation Variables. The Voluntary Disclosure variable is calculated using the Index Disclosure. This research uses quantitative methods and uses partial least square with EViews data analysis. The research sample consisted of 225 manufacturing companies listed on the Indonesian stock exchange for the period 2016-2018. The results of the study state that voluntary disclosure has a positive and significant effect on the quality of financial reporting through asymmetric information. The relationship between voluntary disclosure and asymmetric information has a negative effect on the quality of financial reporting, states that the disclosure of voluntary reports to companies can prevent information asymmetry, as well as the relationship of voluntary disclosure to information asymmetry states that companies that make voluntary disclosure will increase the interest of investors and other stakeholders. The quality of financial reporting states that if there is information asymmetry, the quality of financial reporting will also decline. The low value of relevance will affect the level of large or small information gaps between management and investors. The quality of financial reporting with increased relevance means that asymmetric information will have a negative impact on financial reporting.

• 한국환경과학회지
• /
• 제27권8호
• /
• pp.701-709
• /
• 2018

Few prior studies investigated the correlation between corporate ownership structure and environmental information disclosure. Using environmental index disclosure in GRI (Global Reporting Initiative) reports of the Korean companies, the study examines the effects of ownership structure on the magnitude of environmental information disclosure. A total of 220 firm-years during 2013-2016 period are analyzed. The empirical results of the study indicate that the institutional and foreign investors' ownership have positive correlations with environmental information disclosure, while the executives' within board of directors has a negative correlation. The ownership by largest shareholders including those with special interests shows no significant relationship with the environmental information disclosure.

• 디자인융복합연구
• /
• 제18권3호
• /
• pp.71-87
• /
• 2019

Previous research has shown that the use of self-disclosure, the process of revealing personal thoughts and feelings, in conversational agents (CAs) increases overall user evaluations. However, research exploring the effects of self-disclosure in different situations or dialogue types is limited. This study investigated the effects of self-disclosure and dialogue type (task- vs. social-oriented) on trust, usefulness, and usage intention. Results showed significant interaction effects between self-disclosure and dialogue type. For CAs that did not use self-disclosure, trust, usefulness, and usage intention were higher in task-oriented dialogues. In contrast, CAs that did use self-disclosure had higher trust, usefulness, and usage intention in social-oriented dialogues. These results suggest that researchers and designers should consider the specific dialogue types and corresponding user goals when adding human qualities, such as self-disclosure, to CAs.

• International Journal of Internet, Broadcasting and Communication
• /
• 제13권2호
• /
• pp.20-26
• /
• 2021

Considering the role of a financial analyst that directly affects investors as an information mediator, management's decision to disclose to maximize corporate value will have an important impact on investors as well. On the other hand, whether or not managers vary the level of disclosure depending on the corporate form will have great implications for policy authorities. However, there is no domestic research on the relationship between the corporate form and the quality of voluntary disclosure. Our study shows that the corporate form tends to deepen the negative relationship between the proprietary information cost and the quality of disclosure. Examining whether the relationship between proprietary information cost and management disclosure decision making is valid for domestic companies is expected to provide meaningful implications for investors and regulators. Depending on the corporate form, if an entity makes a discriminatory disclosure, the cost of capital will be affected. A more in-depth follow-up study on this should be done.

• 아태비즈니스연구
• /
• 제15권2호
• /
• pp.23-40
• /
• 2024

Purpose - The purpose of this study is to examine the relation between accruals quality and managers' choice on the type of voluntary disclosure. Design/methodology/approach - Samples of this study are 8,248 firm-year observations listed in Korea Stock Exchange. Poisson regression analysis was hired in order to analyze the association between disclosure frequency and accruals quality because the dependent variables are count data. Findings - First, this study finds that managers' use of non-earnings-related type of voluntary disclosure is negatively related to accruals quality while their use of earnings-related disclosure is positively related to accruals quality. Second, discretionary accruals quality as well as innate accruals quality is significantly associated with disclosure frequency. Research implications or Originality - This study extends the line of research by incorporating the content of voluntary disclosure, earnings- and non-earnings-related information. The results of this study suggest that accruals quality may play a role in the choice of disclosure manner when investigating managers' voluntary disclosure.

• The Journal of Asian Finance, Economics and Business
• /
• 제6권1호
• /
• pp.281-288
• /
• 2019

This study examines the relationship between R&D intensity and disclosure. R&D activities are essential in bringing innovation to companies. However, R&D activities are naturally uncertain and increase information asymmetry. Thus, firms with high R&D activities are more likely to have the incentive to communicate the potential of R&D investment to the market through voluntary disclosure and, concurrently, resolve information asymmetry. Meanwhile, incentives to less voluntary disclosure exist because of the proprietary cost and the risk of competitiveness loss. Furthermore, the uncertainties inherent in R&D activities caused the possible decrease in the information accuracy. For the two opposing views, this study investigates the relationship between R&D intensity and disclosure frequency using the Regulation Fair Disclosure data in Korea. Moreover, the relationship between R&D intensity and usefulness of the information disclosed is also examined. Using firm sample listed in the 2011-2016 Korea Stock Market, results show that firms with high R&D intensity make disclosures more frequent. Subsequently, the analysis using forecast sample shows that management forecast error is higher in firms with high R&D intensity. This research contributes to the existing literature by presenting evidence that R&D intensity is a significant factor affecting manager's disclosure behavior and information usefulness.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권5호
• /
• pp.111-118
• /
• 2022

The purpose of this research is to evaluate the quality of non-financial information disclosure by companies listed on the Vietnamese stock exchange. In 2019, 140 annual reports from 140 companies listed on the Vietnam Stock Exchange were included in the research sample. The remaining 134 reports were eligible study after removing those that lacked essential data. Using the statistical software SPSS version 25 and Excel office software, the study has selected the data processing method and the disproportionate disclosure index method to evaluate the quality of non-financial information disclosure of companies. The findings of the study demonstrate that companies listed on the Vietnam stock exchange are particularly interested in giving non-financial information to financial statement consumers as required by law, although the level of disclosure is still inadequate. The findings also illustrate the varying levels of non-financial information disclosure by category of information, as well as substantial disparities between them (general information about the company, environmental and social information, corporate governance information, etc.). The findings of the study show that the majority of Vietnam's publicly traded enterprises are less interested in reporting environmental information.