Transparency, corporate governance and firm performance in The Netherlands | Zendy

Herman Clasinus van Beusichem | Zendy; Abe de Jong | Zendy; Douglas V. DeJong | Zendy; Gerard Mertens | Zendy

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Transparency, corporate governance and firm performance in The Netherlands

Author(s) -

Herman Clasinus van Beusichem,

Abe de Jong,

Douglas V. DeJong,

Gerard Mertens

Publication year - 2016

Publication title -

maandblad voor accountancy en bedrijfseconomie

Language(s) - English

Resource type - Journals

eISSN - 2543-1684

pISSN - 0924-6304

DOI - 10.5117/mab.90.31343

Subject(s) - accounting , leverage (statistics) , transparency (behavior) , corporate governance , business , international financial reporting standards , finance , political science , statistics , law , mathematics

We explore the relations between transparency, corporate governance, and performance for Dutch exchange-listed firms over 1997-2007. Our measure for transparency is based on annual report information. In 2005 a new accounting standard (IFRS) became mandatory and applicable to the annual reports of Dutch listed firms. We investigate the effects of IFRS by comparing pre and post IFRS periods. We find that under IFRS transparency has increased substantially, and that the determinants of transparency have also changed. Pre-IFRS, disclosure is mainly driven by firm size, leverage and protective preference shares. Post-IFRS, we observe very little variation in disclosure practices.

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