This study examines risk reporting in annual reports of Malaysian listed companies. The mandatory and voluntary disclosures of risk information are analyzed and the authors examine whether a relationship exists betwee...This study examines risk reporting in annual reports of Malaysian listed companies. The mandatory and voluntary disclosures of risk information are analyzed and the authors examine whether a relationship exists between company size, leverage, and industry type and risk disclosure levels. 150 listed companies from five industries are selected as sample. Content analysis and risk disclosure index of dichotomous measurement are used in data collection. Overall the results indicate that level of risk information disclosed in the annual reports is still minimal. OLS （Ordinary least squares） regression analysis indicates that the level of risk information disclosure is positively associated with size and not with leverage. However, a mixed result has been found for industry type; where only property industry shows a significant relationship with level of risk disclosure, and not for the other industries. This study contributes to financial reporting literature in relation to risk reporting, particularly the practice of Malaysian companies. Findings from this study are also useful to regulators and accounting standard setting body to assess the level of compliance to regulations and standards relating to risk reporting by these companies. More studies are required to further understand the importance of risk information disclosure, such as risk disclosure within specific industry, cross-country studies and usefulness of risk information disclosure from the stakeholders＇ perspectives.展开更多
In this paper,we study the abnormal stock price returns of the top 10 stocks in the Chinese stock market in terms of total market capitalization before and after the release of their annual reports in the past 10 year...In this paper,we study the abnormal stock price returns of the top 10 stocks in the Chinese stock market in terms of total market capitalization before and after the release of their annual reports in the past 10 years,using the event study method implemented by the Event Study package of the Alpha Library under Python,using a market model to estimate normal returns.The results find that and most of the events have insider phenomenon.展开更多
Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system ...Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system inChina, the exchange rate mechanism of Renminbi must bethoroughly transformed. To accomplish this goal, I believethere are three problems that must be solved: first,展开更多
On the evening of March 8th,Innuovo released its annual report,in which,business income grew steadily,and net profits soared a lot over the same period.The annual report on annual board of directors in 2017 is as foll...On the evening of March 8th,Innuovo released its annual report,in which,business income grew steadily,and net profits soared a lot over the same period.The annual report on annual board of directors in 2017 is as follows:1.An overview In 2017,the trend of global economic recovery was obvious.展开更多
specific groups such as women,children,ethnic minorities,the elderly,and persons with disabilities are facing special difficulties in exercising their rights The protection of their rights is an important part of the ...specific groups such as women,children,ethnic minorities,the elderly,and persons with disabilities are facing special difficulties in exercising their rights The protection of their rights is an important part of the development of China’s human rights cause The Annual Report on China’s Human Rights have outlined the tremendous achievements China has made in protecting the rights of specific groups over the past ten years It also reflects that all human rights actors have born fruitful results of innovation in values,legal systems,paths for practice,and international cooperation of rights protection,which will continue to inspire and en courage people to participate in the common cause of human rights protection.展开更多
Voluntary disclosure is one of the major sign of the mature security market. Chinese securities market is in her young age. The quality and way of information disclosure in listed companies is one of major concern for...Voluntary disclosure is one of the major sign of the mature security market. Chinese securities market is in her young age. The quality and way of information disclosure in listed companies is one of major concern for the market. With the development and expansion of the market, the voluntary disclosure has been drawn a great attention by investors. However, in China, the information disclosure is mainly mandatory and only very a few companies are willing to disclose voluntarily. In general, the information voluntary disclosure in China is lacking. This paper discusses the current status, possibility, and problems for the voluntary disclosure based on data from the annual reports prepared by listed companies. Recommendation for the future improvement and fulfillment of the voluntary disclosure are out forward accordingly.展开更多
文摘This study examines risk reporting in annual reports of Malaysian listed companies. The mandatory and voluntary disclosures of risk information are analyzed and the authors examine whether a relationship exists between company size, leverage, and industry type and risk disclosure levels. 150 listed companies from five industries are selected as sample. Content analysis and risk disclosure index of dichotomous measurement are used in data collection. Overall the results indicate that level of risk information disclosed in the annual reports is still minimal. OLS （Ordinary least squares） regression analysis indicates that the level of risk information disclosure is positively associated with size and not with leverage. However, a mixed result has been found for industry type; where only property industry shows a significant relationship with level of risk disclosure, and not for the other industries. This study contributes to financial reporting literature in relation to risk reporting, particularly the practice of Malaysian companies. Findings from this study are also useful to regulators and accounting standard setting body to assess the level of compliance to regulations and standards relating to risk reporting by these companies. More studies are required to further understand the importance of risk information disclosure, such as risk disclosure within specific industry, cross-country studies and usefulness of risk information disclosure from the stakeholders＇ perspectives.
文摘In this paper,we study the abnormal stock price returns of the top 10 stocks in the Chinese stock market in terms of total market capitalization before and after the release of their annual reports in the past 10 years,using the event study method implemented by the Event Study package of the Alpha Library under Python,using a market model to estimate normal returns.The results find that and most of the events have insider phenomenon.
文摘Exchange rate functions under systems of centrallyplanned economy and market economy are quite different,and the mechanism to determine such exchange rate is alsodifferent. To adopt a socialist market economic system inChina, the exchange rate mechanism of Renminbi must bethoroughly transformed. To accomplish this goal, I believethere are three problems that must be solved: first,
文摘On the evening of March 8th,Innuovo released its annual report,in which,business income grew steadily,and net profits soared a lot over the same period.The annual report on annual board of directors in 2017 is as follows:1.An overview In 2017,the trend of global economic recovery was obvious.
文摘specific groups such as women,children,ethnic minorities,the elderly,and persons with disabilities are facing special difficulties in exercising their rights The protection of their rights is an important part of the development of China’s human rights cause The Annual Report on China’s Human Rights have outlined the tremendous achievements China has made in protecting the rights of specific groups over the past ten years It also reflects that all human rights actors have born fruitful results of innovation in values,legal systems,paths for practice,and international cooperation of rights protection,which will continue to inspire and en courage people to participate in the common cause of human rights protection.
文摘Voluntary disclosure is one of the major sign of the mature security market. Chinese securities market is in her young age. The quality and way of information disclosure in listed companies is one of major concern for the market. With the development and expansion of the market, the voluntary disclosure has been drawn a great attention by investors. However, in China, the information disclosure is mainly mandatory and only very a few companies are willing to disclose voluntarily. In general, the information voluntary disclosure in China is lacking. This paper discusses the current status, possibility, and problems for the voluntary disclosure based on data from the annual reports prepared by listed companies. Recommendation for the future improvement and fulfillment of the voluntary disclosure are out forward accordingly.
