| 000 -LEADER |
|---|
| fixed length control field |
01567pab a2200169 454500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
|---|
| fixed length control field |
180718b2004 xxu||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Bozee, Richard |
| 245 ## - TITLE STATEMENT |
|---|
| Title |
The impact of reform in Canadian state-owned enterprise on voluntary disclosure in annual reports |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. |
|---|
| Date of publication, distribution, etc. |
2004 |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
p.360-78. |
| 362 ## - DATES OF PUBLICATION AND/OR SEQUENTIAL DESIGNATION |
|---|
| Dates of publication and/or sequential designation |
Fall |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
This study examines the impact of reform in Canadian state-owned enterprises (SOES) on the level of information disclosure in their annual reports. Reform in SOES encompasses two critical stages: commercialization and privatization. Commercialization instills into SOES common principles and practices typical of the private sector. As a result, the mandate of the firm shifts away from social towards profitability objectives. Privatization refers to the legal transfer of public ownership to private hands. The author argues that SOE reform leads to greater information asymmetries between management and stakeholders (creditors and shareholders), increasing financial costs for business. In accounting literature, this factor is considered a component that positively influences disclosure. The study's findings support such a proposition. More precisely, the results suggest that commercialization and privatization do provide incentive for managers to disclose additional information in their annual reports. Most of the incremental disclosure is financial. - Reproduced. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Administrative reform - Canada |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Administrative reform |
| 773 ## - HOST ITEM ENTRY |
|---|
| Main entry heading |
Canadian Public Administration |
| 909 ## - |
|---|
| -- |
62834 |
