Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights

This study examines special aspect of interest conflict in the relationship between shareholders and voluntary disclosure in financial reporting. After theoretical review, testing three hypotheses designed in terms of the relationship concerning separation of cash flow rights from control rights in...

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Autores principales:	MohamadAli Aghaei, Vahid Ahmadian, Atena Mansouri
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2016
Materias:	voluntary disclosures separation of cash flow rights from control rights block holders needs to external financing Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/62ff0a21898c41d38cef4f62d041cf8e
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spelling	oai:doaj.org-article:62ff0a21898c41d38cef4f62d041cf8e2021-11-04T19:51:06ZCorporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights2008-89142476-292X10.22103/jak.2016.1442https://doaj.org/article/62ff0a21898c41d38cef4f62d041cf8e2016-09-01T00:00:00Zhttps://jak.uk.ac.ir/article_1442_c11a5a2ee46f88c97527540d3e88dbbc.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThis study examines special aspect of interest conflict in the relationship between shareholders and voluntary disclosure in financial reporting. After theoretical review, testing three hypotheses designed in terms of the relationship concerning separation of cash flow rights from control rights in corporate voluntary disclosure, and the impact of external financing needs and large non-management shareholder (as control mechanism) on the relationship. Study sample was taken from companies listed in the Tehran Stock Exchange, and the financial statements and reports of boards of directors of the companies in the period 2008-2012. The results of hypotheses testing, using multiple regression model, suggested that corporate voluntary disclosure is negatively correlated with the separation of cash flow rights from control rights, and that this relationship, after presence of big external shareholders, tends to shrink. Also, it was found that there is no impact from needs to external financing on the relationship between voluntary disclosure and separation of cash flow rights from control rights.MohamadAli AghaeiVahid AhmadianAtena MansouriShahid Bahonar University of Kermanarticlevoluntary disclosuresseparation of cash flow rights from control rightsblock holdersneeds to external financingAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 7, Iss 25, Pp 7-37 (2016)
institution	DOAJ
collection	DOAJ
language	FA
topic	voluntary disclosures separation of cash flow rights from control rights block holders needs to external financing Accounting. Bookkeeping HF5601-5689
spellingShingle	voluntary disclosures separation of cash flow rights from control rights block holders needs to external financing Accounting. Bookkeeping HF5601-5689 MohamadAli Aghaei Vahid Ahmadian Atena Mansouri Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights
description	This study examines special aspect of interest conflict in the relationship between shareholders and voluntary disclosure in financial reporting. After theoretical review, testing three hypotheses designed in terms of the relationship concerning separation of cash flow rights from control rights in corporate voluntary disclosure, and the impact of external financing needs and large non-management shareholder (as control mechanism) on the relationship. Study sample was taken from companies listed in the Tehran Stock Exchange, and the financial statements and reports of boards of directors of the companies in the period 2008-2012. The results of hypotheses testing, using multiple regression model, suggested that corporate voluntary disclosure is negatively correlated with the separation of cash flow rights from control rights, and that this relationship, after presence of big external shareholders, tends to shrink. Also, it was found that there is no impact from needs to external financing on the relationship between voluntary disclosure and separation of cash flow rights from control rights.
format	article
author	MohamadAli Aghaei Vahid Ahmadian Atena Mansouri
author_facet	MohamadAli Aghaei Vahid Ahmadian Atena Mansouri
author_sort	MohamadAli Aghaei
title	Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights
title_short	Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights
title_full	Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights
title_fullStr	Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights
title_full_unstemmed	Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights
title_sort	corporate voluntary disclosure and separation of cash flow rights from control rights
publisher	Shahid Bahonar University of Kerman
publishDate	2016
url	https://doaj.org/article/62ff0a21898c41d38cef4f62d041cf8e
work_keys_str_mv	AT mohamadaliaghaei corporatevoluntarydisclosureandseparationofcashflowrightsfromcontrolrights AT vahidahmadian corporatevoluntarydisclosureandseparationofcashflowrightsfromcontrolrights AT atenamansouri corporatevoluntarydisclosureandseparationofcashflowrightsfromcontrolrights
_version_	1718444594222333952

Corporate Voluntary Disclosure and Separation of Cash Flow Rights From Control Rights

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