QUT ePrints

The Transparency Of Executive Stock Option Disclosures In Australian Annual Reports

Nelson, Jodie E. & Percy, Majella (2005) The Transparency Of Executive Stock Option Disclosures In Australian Annual Reports. Financial Reporting, Regulation and Governance, 4(2).

View at publisher (open access)

Abstract

We investigate the transparency of executive stock option disclosures of Australian firms for the financial years ending 2000 and 2002. Transparency is measured using an index based on the requirements of the accounting standards dealing specifically with the disclosure of executive stock options. Our study also examines the relationship between firm characteristics and disclosure transparency and the difference in transparency between the years 2000 and 2002. We find that the transparency of executive stock option disclosures is low but improves a little in the year 2002. We also find that the existence of a compensation committee is positively associated with transparency with size being the only significant control variable. Our results are consistent with the contention of Hope (2003a) that managers of firms appear to be treating mandatory requirements as voluntary, possibly due to the low levels of enforcement of the accounting standards.

Impact and interest:

Citation countsare sourced monthly from Scopus and Web of Science® citation databases.

These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.

Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.

Full-text downloads:

782 since deposited on 09 Nov 2005
275 in the past twelve months

Full-text downloadsdisplays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.

ID Code: 2341
Item Type: Journal Article
Additional Information: The contents of this journal can be freely accessed online via the journal's web page (see link).
Keywords: Disclosure quality, quality, transparency, compliance, executive stock options
ISSN: 1449-2318
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100)
Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2005 School of Accounting, Curtin Business School
Deposited On: 09 Nov 2005
Last Modified: 29 Feb 2012 23:15

Export: EndNote | Dublin Core | BibTeX

Repository Staff Only: item control page