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The Need for Effective Communication with Market Stakeholders
Author(s) -
Hamilton Karen
Publication year - 2004
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.2004.tb00277.x
Subject(s) - listing (finance) , capital market , corporate governance , stock exchange , business , accounting , value (mathematics) , capital (architecture) , stock market , market value , enterprise value , finance , paleontology , archaeology , horse , machine learning , biology , computer science , history
Good corporate governance practices have become increasingly important in determining the cost of capital in global capital markets. The Australian Stock Exchange (ASX) aims to promote an environment of market confidence so that listed companies can obtain reasonably priced capital and maximise the value of their listing. As the market operator, the exchange has the ability to set and monitor disclosure standards and to support dialogue between companies and investors. However, a problem with corporate governance disclosures in Australia is that they have not delivered particularly meaningful information to investors about the performance of individual companies.