INTEGRATED THINKING AND INFORMATION ASYMMETRY: The role of performance and shareholder-orientation
| dc.contributor.advisor | Reimsbach, Daniel | |
| dc.contributor.author | Hellemond, Thomas | |
| dc.date.issued | 2019-07-04 | |
| dc.description.abstract | Integrated reporting practices have become more prominent as the information demands of shareholders shift from strictly financial information to a combination of both financial and nonfinancial information. An integrated report combines these two aspects. It integrates financial and non-financial information and encourages a long-term vision. Integrated thinking is the active consideration of both financial and non-financial aspects of a firm and is what theoretically leads to a highly integrated annual report. It is expected that this integration of information in conjunction with a long-term vision lead to a lower information asymmetry as measured by the bid-ask spread. Using a global sample of over 6.000 firms, three main results are found: 1) Contrary to the expectations integrated thinking leads to a higher information asymmetry. 2) It is found that the relation between integrated thinking and information asymmetry is moderated by both financial and non-financial performance. 3) Firms located in a shareholder-oriented country have increased information asymmetry following integrated thinking, while firms located in stakeholder-oriented have the opposite effect. This thesis ends with a discussion of the found results and present recommendations for future research | en_US |
| dc.embargo.lift | 10000-01-01 | |
| dc.embargo.type | Permanent embargo | en_US |
| dc.identifier.uri | https://theses.ubn.ru.nl/handle/123456789/7835 | |
| dc.language.iso | en | en_US |
| dc.thesis.faculty | Faculteit der Managementwetenschappen | en_US |
| dc.thesis.specialisation | Accounting & Control | en_US |
| dc.thesis.studyprogramme | Master Economics | en_US |
| dc.thesis.type | Master | en_US |
| dc.title | INTEGRATED THINKING AND INFORMATION ASYMMETRY: The role of performance and shareholder-orientation | en_US |
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