Factors influencing corporate governance disclosure of companies listed on the Alternative Exchange (AltX) in South Africa

dc.contributor.authorScholtz, Henriëtte
dc.contributor.authorSmit, Anna-Retha
dc.date.accessioned2016-08-30T13:50:00Z
dc.date.available2016-08-30T13:50:00Z
dc.date.issued2015-01
dc.description.abstractThis article examines the various factors that influence the level of conformance with corporate governance recommendations for companies listed on the Alternative Exchange (AltX) in South Africa. To achieve this objective, a corporate governance disclosure index was developed by examining the extent to which AltX companies apply the corporate governance recommendations as set out in King II and King III. The corporate governance disclosure index was then regressed on a number of corporate governance and firm characteristics to determine the influence of various factors on the level of conformance with corporate governance recommendations. It was found that larger companies, where the CEO and chairman of the board are separate, companies with an independent audit committee and companies with higher debt levels are more likely to conform to corporate governance recommendations. There is no evidence that levels of corporate governance conformance are influenced by the growth and profitability of companies, or by corporate governance characteristics, such as the independence of the board.en_ZA
dc.description.departmentTaxationen_ZA
dc.description.librarianhb2016en_ZA
dc.description.urihttp://www.tandfonline.com/loi/rsar20en_ZA
dc.identifier.citationHenriëtte Scholtz & Anna-Retha Smit (2015) Factors influencing corporate governance disclosure of companies listed on the Alternative Exchange (AltX) in South Africa, South African Journal of Accounting Research, 29:1, 29-50, DOI:10.1080/10291954.2015.999471.en_ZA
dc.identifier.issn1029-1954 (print)
dc.identifier.issn2376-3981 (online)
dc.identifier.other10.1080/10291954.2015.999471
dc.identifier.urihttp://hdl.handle.net/2263/56498
dc.language.isoenen_ZA
dc.publisherRoutledgeen_ZA
dc.rights© 2015 South African Journal of Accounting Research. This is an electronic version of an article published in South African Journal of Accounting Research, vol. 29, no.1, pp. 29-50, 2015. doi : 10.1080/10291954.2015.999471. South African Journal of Accounting Research is available online at : http://www.tandfonline.com/loi/rsar20.en_ZA
dc.subjectCorporate governanceen_ZA
dc.subjectAgency theoryen_ZA
dc.subjectSmall companiesen_ZA
dc.subjectBoards of directorsen_ZA
dc.subjectIndependence of the boarden_ZA
dc.subjectAlternative Exchange (AltX)en_ZA
dc.subjectSouth Africa (SA)en_ZA
dc.titleFactors influencing corporate governance disclosure of companies listed on the Alternative Exchange (AltX) in South Africaen_ZA
dc.typePostprint Articleen_ZA

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