Ausgehend von den Rahmenbedingungen der Geschaeftsberichterstattung, u.a. von Corporate Governance Richtlinien, wird untersucht, inwieweit und wie sich deutsche und daenische Unternehmen der ...Chemischen Industrie nach aussen als dialogorientiert darstellen. Darueber hinaus wird auf Dilemmas bei der Darstellung des Stakeholderdialogs und auf ungenutzte Potenziale dieser Darstellung als Differenzierungsparameter gegenueber der Konkurrenz aufmerksam gemacht. (Stakeholder dialogues are part of Corporate Governance Regulations and therefore a management instrument that many companies deal with and communicate about. This article investigates how German and Danish chemical companies present and construct dialogue with stakeholders in their annual reports. This entails analyzing, first, to what extent stakeholder dialogue is articulated, second how the stakeholder dialogue is evaluated linguistically and, third, what approaches to stakeholder dialogue are expressed in the reports. Moreover, I address some possibilities for better communication about stakeholder dialogue as a means of differentiation and corporate identity profiling in relation to competitors.)
This study examines the intellectual capital (IC) disclosure practices in the annual reports of 100 listed UK firms selected from sectors considered to be IC-intensive. It also investigates the ...possible determinants of such disclosure practices from the three perspectives of corporate governance structure, company characteristics and market factors. IC disclosures were captured using content analysis, and were measured by a disclosure index, supported by word count and percentage of word count metrics to assess the variety, volume and focus of IC disclosure respectively, at both overall and subcategory levels. The presentational formats and locations of IC disclosures were also recorded. The results indicate that the UK firms sampled provide considerable IC information in their annual reports, mainly in text form, with popular use of numerical information, while the use of graphs and pictures for many IC elements remains low. The distribution of IC disclosures, captured in three categories, varies by the three measures of disclosure applied. IC information was found in virtually all sections of the annual report and was most concentrated in the Operating and Financial Review section. IC terms typically used in the academic literature do not feature in the sampled annual reports. The results of the statistical analyses based on the three measures of IC disclosure indicate significant associations with a number of corporate governance factors (i.e. board composition, share concentration, audit committee size and frequency of meeting, board directors' shareholding, audit committee directors' shareholding, and board directors with cross-directorships), company characteristics (i.e. firm size, profitability, and listing age), and market factors (i.e. 'hidden value', share price volatility, share turnover, and multiple listing). These findings offer support for a number of theories, such as information asymmetry, agency and signalling theory. The influence of these explanatory factors on human, structural and relational capital disclosures, based on all three disclosure measure metrics, as well as on the format of IC disclosure, was also explored. The study also finds that its IC framework is more effective than a less detailed framework used in prior studies for the purpose of examining IC disclosure practice and its determinants. The study contributes to the further advancement of the state of knowledge in relation to IC disclosure both empirically and methodologically. It provides information users, preparers, regulatory bodies and academics with a state-of-the-art understanding of IC disclosure practices in the annual report. The transparent content analysis process enables future replication and comparison of results. The rigorous measurements of IC disclosure, the greater specificity of disclosure about the location and presentational format, and the more detailed IC research framework can be usefully applied by other studies. By examining the relationship between explanatory factors and IC disclosure, it helps shareholders and other groups of information users as well as the regulatory bodies to identify factors that may encourage IC disclosure in the annual report.
This paper investigates the relationship between annual report disclosure, market liquidity, and capital cost for firms registered on the Deutsche Börse. Disclosure is comprehensively measured using ...the innovative Artificial Intelligence Measurement of Disclosure (AIMD). Results show that annual report disclosure enhances market liquidity by changing investors’ expectations and inducing portfolio adjustments. Trading frictions are negatively associated with disclosure. The study provides evidence for a capital-costreduction effect of disclosure based on the analysis of investors’ return requirements and market values. Altogether, no evidence is found that the information processing at the German capital market is structurally different from other markets.
Business organisations are facing the challenge of disseminating environmental information as the public concerns regarding these issues have increased. This study examines the environmental ...reporting practices in the annual reports of 243 companies listed on the Main Board of
Bursa Malaysia for the year 2005. Content analysis approach was utilized to determine the quantity and quality of the environmental information disclosure in annual reports. The results indicated that only 28% of the companies reported this information in their annual reports and merely five sentences were dedicated for these reports. It was also revealed that the average quality of environmental reporting per company is 3.24%. In addition, it was discovered that larger companies and companies in environmentally sensitive areas published more information as well as provided higher quality disclosure. Additionally, it was also revealed that companies with high level of quantity environmental reporting are also having high level of quality environmental reporting.
ECDC’s Annual Epidemiological Report 2013 offers an overview of more than 50 diseases and pathogens monitored by ECDC as part of its mandated disease surveillance programme for the countries of the ...European Union as well as Liechtenstein, Iceland and Norway.
All professions began the countdown to the new world, considering the year 2000 to be the first year of the new millennium. Most of the actual impacts are already in place, including multinational ...businesses and the Euro as the first regional multinational currency. Most of the impacts have been harsh, and relief to individual consumers and professional people will be minor and felt mainly in enhanced ease of communication and media offerings. On the side of the conduct of the profession, the advantages will be far more narrow, as individual practitioners will be facing far stronger forms of competition for their services. Truly, the only way to survive will be for all of us to become more aware of the forces that impact engineering geology and the opportunities that engineering geologists have to provide their services, so basic to all forms of engineering, environmental protection and resource utilization.
For CPA, the general audit objective of the listed company, is the audit opinion to accounting statements, which is the final product that CPA provide -all kinds of audit opinion types reports. ...First, from the role of audit report for the annual report the, we introduce the five type audit report; Second, analysis 2011 audit report of listed company, combining audit report the two years before, summarizes the characteristics of the audit report and the problems reflected by the audit report. According to the question, we put forward the corresponding measures.
In Year 2000, it became clear that Engineering Geology was moving into a higher plane of personal dedication by its practitioners. For economic reasons there has been an increased reliance by clients ...on the practitioner, who universally is expected to deliver more for less, as well as more rapidly. This pressure will have but one positive result, to produce surviving engineering geologists who will be masters of site characterization, as the true core method and product of the profession. We believe that the engineering geologist can become even more indispensable on the world scene. Wherever our brother and sister colleagues are not involved, there clearly will be increased risks in construction, operation, and maintenance of engineered works for societal and environmental protection purposes.
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