Previous research has shown that the high disclosure of corporate financial information can increase the efficiency of the investment. In addition, the mechanism of financial information disclosure and investment efficiency is a kind of reduction of information asymmetr More
Previous research has shown that the high disclosure of corporate financial information can increase the efficiency of the investment. In addition, the mechanism of financial information disclosure and investment efficiency is a kind of reduction of information asymmetry that prevents investment efficiency. Unlike financial information, which is mainly about the past performance of companies, non-financial information, in particular forward-looking non-financial information (FNFI), is about the future development of the company, which can provide information that is more relevant for decision makers. Therefore, the FNFI can reduce information asymmetry between companies and external sources of funding. The purpose of this study was to investigate the effect of forward-looking non-financial information on corporate investment efficiency & financing constraint in listed companies on Tehran Stock Exchange. To this porpuse, a sample of 150 companies during 2010-2016 was selected by systematic elimination sampling. The research method is library and correlation. Forward-looking non-financial information the study consists of seven non-financial indicators and the relationship between research variables by the regression model presented by Tan and Liu (2017) with the pooled data approach have been used. The results show that forward-looking non-financial information can reduce financing constraints and high disclosure quality will intensify the relationship between these two variables. Forward-looking non-financial information can also reduce the inefficiency of investment, and the high disclosure quality will intensify the relationship between these two variables, then alleviate the underinvestment effectively and meanwhile leavelittle opportunity for overinvestment.
Manuscript profile
The present study examines the effect of voluntary disclosure of historical and forward-looking non-financial information on sustainability performance and contributes to the existing literature by providing evidence of a definite relationship between the level of volun More
The present study examines the effect of voluntary disclosure of historical and forward-looking non-financial information on sustainability performance and contributes to the existing literature by providing evidence of a definite relationship between the level of voluntary disclosure and sustainability performance in Iran. For content analysis, a checklist tool consisting of 23 components and 186 indicators was used to describe the disclosure criteria. In order to achieve the purpose of the research, the required data of 910 year-company observations (7 years and 130 companies) resulting from the screening process by systematic elimination of companies listed on the Tehran Stock Exchange, have been used in a descriptive-correlational manner from sources such as corporate board reports, financial statements, resource management software and new results with the implementation of content analysis test and multivariate linear regression model. The results showed that there is a positive and significant relationship between voluntary disclosure of non-financial information, historical and forward-looking non-financial information and sustainability performance. These findings indicate that the motivation of companies to disclose voluntary information, especially about the Iranian economy, is very important, because companies must grow economically and therefore their need for capital is high. This study also showed that the level of corporate disclosure continues to increase during the study period.
Manuscript profile
Company reports are one of the most important sources of obtaining information, so that the theoretical foundations of accounting and reporting in most countries state that the general purpose of company reporting is to provide information. The purpose of this research More
Company reports are one of the most important sources of obtaining information, so that the theoretical foundations of accounting and reporting in most countries state that the general purpose of company reporting is to provide information. The purpose of this research is to determine the factors influencing the voluntary disclosure of non-financial information from the perspective of institutional theory. In this research, a qualitative research method has been used, which is a combination of resource review and Delphi method, at first it was used by using the resource review method and background studies, the factors affecting information disclosure were identified with the approach of voluntary disclosure of non-financial information, then to The categories of identified factors were discussed. In order to determine the factors affecting the voluntary disclosure of information, the Delphi method has been used.The statistical population of the present study were accounting specialists and experts who are experts in accounting and auditing, who were 20 people (10 academic and 10 executive) and were selected as a snowball. The findings of the resource review section showed that 33 indicators were identified and finally the known concepts were categorized into five groups. The desired indicators were included in the Delphi questionnaire through the literature review while presenting to the experts after the initial content validity and 17 out of 20 people They confirmed the indicators and the validity percentage was 85%, so the validity of the model was confirmed through the Delphi method.The results show that in three groups; 1) Involuntary factors and voluntary disclosure of non-financial information; 2) specific discretionary factors of the company and voluntary disclosure of non-financial information; 3) Normative factors and voluntary disclosure of non-financial information, 25 indicators were confirmed.
Manuscript profile
In the last decade, the use of sustainability reporting as a tool for communicating and reporting on the performance of sustainability objectives by companies has led to a growing awareness of its value and development in the corporate world. Therefore, exploring this p More
In the last decade, the use of sustainability reporting as a tool for communicating and reporting on the performance of sustainability objectives by companies has led to a growing awareness of its value and development in the corporate world. Therefore, exploring this phenomenon for a better understanding and identifying its characteristic elements is important. This study aims to systematically review the literature to establish the distinctive elements of sustainability reporting and provide a complete theoretical framework that allows the classification of the drivers that are crucial for adopting sustainability reporting. Through the analysis, we describe the characteristic elements of sustainability reporting in a homogeneous and concise summary. The drivers that result, may prove useful not only in the context of non-financial reporting but also in encouraging adequate economic-business reflections that may inspire new research trajectories for scholars field.Keywords: Legitimacy theory, Stakeholder theory, Institutional theory, non-financial information, Sustainability reporting, Institutional drivers.
Manuscript profile
Sanad
Sanad is a platform for managing Azad University publications
