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Web‐Based Disclosure About Value Creation Processes: A Monitoring Perspective
Author(s) -
CORMIER DENIS,
AERTS WALTER,
LEDOUX MARIEJOSÉE,
MAGNAN MICHEL
Publication year - 2010
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.2010.00321.x
Subject(s) - perspective (graphical) , business , corporate governance , accounting , value (mathematics) , capital (architecture) , capital market , measure (data warehouse) , industrial organization , finance , computer science , database , archaeology , machine learning , artificial intelligence , history
Adopting a monitoring perspective, this study aims to explain how and why firms provide web‐based disclosure about their value creation and its underlying processes. We rely on the balanced scoreboard approach to measure disclosure. Our results suggest that costs incurred by capital markets' participants as well as monitoring by the board and the media drive disclosure. Moreover, we argue and document that a firm's disclosure is actually a part of its governance configuration and influences some board processes.