TBS 2nd Research Seminar in Accounting by Prof. Dr. Khaled Hussainey Dear colleagues, TBS will organize the 2nd research seminar in Accounting on Wednesday April 12th 2014 at 2pm. Our guest speacker is Prof. Dr. Khaled Hussainey, Professor of Accounting at Plymouth Universiyt, UK. Please find in the following the program. 2nd RESEARCH SEMINAR For Senior Accounting & Finance students Post-Graduate Students and Academic Staff Wednesday, April 9th 2014 Biography note: Prof. Dr. Khaled Hussainey obtained a PhD. in Accounting and Finance (Manchester University), and MSc in Accounting and Finance (Birmingham University). He held the position of Post-Doc at Manchester University, Lecturer, Senior Lecturer and Reader at Stirling University (U.K). He currently holds the position of Professor at Plymouth University (England). His research interests include voluntary disclosure, goodwill impairment, analysts’ reports, corporate governance, and earnings management. He sits on the editorial board of several international journals (Journal of Applied Accounting Research; Corporate Governance: The International Journal of Business in Society, etc.). He has reviewed articles for international academic Journals (e.g. British Accounting Review, European Accounting Review, Research in Accounting in Emerging Economies, Journal of Business Finance and Accounting). Professor Khaled Hussainey academic reputation is also reflected in the numerous invitations which he has received to give seminar presentations internationally (Germany: Frankfurt University; Italy: Naples University; Saudi Arabia: King Khaled University, etc.) and nationally (U.K.: Glasgow University, Hull University, Durham University, Bangor University). 14h00-14h05: Opening Remarks, Introduction of Seminar Prof. Dr. Hakim Ben Othman, in charge of the Accounting Major at Tunis Business School 14h05-14h30: An Introduction to the Content Analysis Method. Prof. Dr. Kahled Hussainey. 14h30-15h00: Research paper Economic consequences of Key Performance Indicators disclosure quality. Prof. Dr. Kahled Hussainey. Abstract Section 417 of the UK Companies Act (2006) requires the majority of UK companies to analyse their performance by using Key Performance Indicators (KPIs) in the Business Review of their annual reports. In addition, in 2006, the UK Accounting Standard Board (ASB) issued the reporting statement Operating and Financial Review which contains guidelines for the best practices regarding KPI disclosure. Motivated by the possible effects of the KPI disclosure quality, we examine their potential economic consequences for a sample of UK listed firms for the period of 2006 to 2010. Our sample consists of 448 observations. We first develop a measure for the quality of the KPI disclosure based on the ASBs guidelines. We then test the economic consequences of financial and nonfinancial KPIs disclosure quality both separately and combined into one variable. Our findings, after conducting various sensitivity tests, suggest that only the disclosure quality of financial KPIs matters. Our findings show a significantly negative effect on the implied cost of capital and a weak positive relation with firm value. These results inform regulatory bodies as well as the academic literature about the economic consequences of these disclosures. Keywords: KPIs reporting, Cost of capital, Value relevance, Disclosure quality, UK. JEL Classifications: M40, M41, M48, G10. 15h00-15h10: Break PhD. dissertations in progress: 15h10-15h35: “The Effect of Voluntary Disclosure, Corporate Governance, Proprietary Cost on Share Price Anticipation of Future Earnings: Evidence from MENA Emerging Markets”. Nejia Moumen Discussion 15h45-16h10: “Three Essays on Accounting Conservatism in Emerging Markets: Variations, Incentives and Economic Consequences”. Maha Khalifa Discussion 16h20-16h50: “The Effect of IFRS adoption on Earnings Quality in Emerging Stock Markets”. Sawcen Chebaane Discussion 17h00: Concluding remarks Organization Committee: Chair: Prof. Dr. Hakim Ben Othman, Professor of Accounting & Finance, TBS, University of Tunis Members: Mrs. Sawcen Chebaane, Teaching Assistant, TBS Mrs. Hounaida Mersni, Teaching Assistant, TBS
Posted on: Sat, 05 Apr 2014 19:46:53 +0000
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