PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2020 | nr 2 (45) | 77--103
Tytuł artykułu

Shareholders' Perception of Management Communications in Annual General Meetings: Narrative or Not?

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
This study investigates management communications in annual general meetings (AGMs) from a narrative perspective. This study evaluates the effective elements of AGMs from the shareholder's viewpoint. According to the theoretical framework, the authors developed a conceptual model and extracted the suggested narrative model for the first time. The shareholder's perception was measured through a questionnaire survey containing three sections - narrative, audience, and narrator - with 32 indicators from 151 shareholders measuring shareholders' opinions about AGMs in Iran. The results indicate that although shareholders do not consider the AGM communications made by management board as a narrative, they obtain relevant information with a logical flow in AGMs, and believe that these relations are useful. The characteristics of the management board impact on the persuasiveness of their communications. The results supported the mediating effect of AGM communication between managers and shareholders.(original abstract)
Rocznik
Numer
Strony
77--103
Opis fizyczny
Twórcy
  • Islamic Azad University, Iran
  • Islamic Azad University, Iran
  • Islamic Azad University, Iran
Bibliografia
  • Aarikka-Stenroos, L., The contribution and challenges of narrative data in interorganizational research. 26th International IMP Conference, Budapest: impgroup.org, http://www.impgroup.org/uploads/papers/7553.pdf. Accessed 30 February 2015, pp. 1-24, 2010.
  • Adorisio, A. L. M., A narrative lens for financial communication: Taking the "linguistic turn", "Studies in Communication Sciences", https://doi.org/10.1016/j.scoms.2015.03.010, Vol. 15, No.1, pp. 77-82, 2015.
  • Apostolides, N., Exercising corporate governance at the annual general meeting, "Corporate Governance: The International Journal of Business in Society", Vol. 10, No. 2, pp. 140-149, doi:10.1108/14720701011035666, 2010.
  • Apostolides, N., Directors versus Shareholders: evaluating corporate governance in the UK using the AGM scorecard, "Corporate Governance: An International Review", http://dx.doi.org/10.1111/j.1467-8683.2007.00646, Vol. 15, No. 6, pp. 1277-1287, 2007.
  • Brandt, P., Forces and spaces-Maupassant, Borges, Hemingway: toward a semio-cognitive narratology, "Social Science Research Network", http://ssrn.com/abstract=1595803, Accessed 27 February 2015, 2009.
  • Brickley, J. A., Interpreting common stock returns around proxy statement disclosures and annual shareholder meetings, "Journal of Financial and Quantitative Analysis", https://doi.org/10.2307/2331047, Vol. 21, No. 3, pp. 343-349, 1986.
  • Carrington, T., Johed, G., The construction of top management as a good steward: A study of Swedish annual general meetings, "Accounting, Auditing & Accountability Journal", https://doi.org/10.1108/09513570710779018, Vol. 20, No. 5, pp. 702-728, 2007.
  • Cohen, J., A power primer, "Psychological Bulletin ", Vol. 112, No.1, pp. 155-159, 1992.
  • Cordery, C. J., The Annual General Meeting as an Accountability Mechanism, http://dx.doi.org/10.2139/ssrn.1286930, Accessed 30 September 2016, 2005.
  • Davison, J., Sacred vestiges in financial reporting: Mythical readings guided by Mircea Eliade, "Accounting, Auditing & Accountability Journal", http://dx.doi.org/10.1108/ 09513570410545821, Vol. 17, No. 3, pp. 476-497, 2004.
  • De Beaugrande, R. A., Dressler, W. U., Introduction to text linguistics, Vol. 1, Longman, London, 1981.
  • Firth, M., The relative information content of the release of financial results data by firms, "Journal of Accounting Research", http://www.jstor.org/stable/2490878, Vol. 19, No. 2, pp. 521- 529, 1981.
  • Fisher, W. R., Narration as a human communication paradigm: The case of public moral argument, "Communication Monographs",http://dx.doi.org/10.1080/03637758409390180, Vol. 51, No. 1, pp. 1-22, 1984.
  • Fisher, W.R., The narrative paradigm: An elaboration, "Communication Monographs", http://dx.doi.org/10.1080/03637758509376117, Vol. 52, No. 4, pp. 347-367, 1985.
  • Fisher, W. R., Narrative paradigm. In: E. M. Griffin (Ed.), A first look at communication theory, 8th ed., McGraw-Hill, New York, 2011.
  • Garcia-Blandon, J., Martinez-Blasco, M., Argiles-Bosch, J. M., The Role of Annual General Meetings in a Civil-Law Country. In: J. Kose, A. K. Makhija, (Eds.), "International corporate governance (Advances in Financial Economics, Vol. 14)", UK: Emerald Group Publishing Limited, pp. 87-108, 2011.
  • Garcia-Blandon, J., Martinez-Blasco, M., Gonzalez-Sabate, L., Does the Annual General Meeting involve the release of relevant information in non-common law markets? Evidence from Spain, "Spanish Journal of Finance and Accounting / Revista Española de Financiación y Contabilidad", http://dx.doi.org/10.1080/02102412.2012.10779723, Vol. 41, No.154, pp. 209- 232, 2012.
  • Griffin, E. M., Sparks, G. G., Ledbetter, A. M., A first look at communication theory, 8th Ed., McGraw-Hill, New York, 2011.
  • Hair, J. F., Ringle, C. M., Sarstedt, M., PLS-SEM: Indeed a Silver Bullet, "Journal of Marketing Theory and Practice", http://dx.doi.org/10.2753/MTP1069-6679190202, Vol. 19, No. 2, pp. 139- 152, 2011.
  • Hair, Jr. J. F., Hult, G. M., Ringle, C.M., Sarstedt, M., A primer on partial least squares structural equation modeling (PLS-SEM), SAGE Publications Ltd., Thousand Oaks, CA, 2014a.
  • Hair, J. F., Sarstedt, J. M., Hopkins, L., Kuppelwieser, V. G., Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research, "European BusinessReview", https://doi.org/10.1108/EBR-10-2013-0128, Vol. 26, No. 2, pp. 106-121, 2014b.
  • Hartmann, F., Slapničar, S., How formal performance evaluation affects trust between superior and subordinate managers, "Accounting, Organizations and Society", https://doi.org/10.1016/j.aos.2008.11.004, Vol. 34, No. 6-7, pp. 722-737, 2009.
  • Henseler, J., Dijkstra, T. K., Sarstedt, M., Ringle, C. M., Diamantopoulos, A., Straub, D. W., et al., Common beliefs and reality about partial least squares: Comments on Ronkko&Evermann, "Organizational Research Methods", https://doi.org/10.1177/1094428114526928, Vol. 17, No. 2, pp. 182-209, 2014.
  • Henseler, J., Ringle, C. M., Sarstedt, M., A new criterion for assessing discriminant validity in variance-based structural equation modeling, "Journal of the Academy of Marketing Science", https://doi.org/10.1007/s11747-014-0403-8, Vol. 43, No. 1, pp. 115-135, 2015.
  • Herrmann, A. F., Narrative as an organizing process: identity and story in a new nonprofit, "Qualitative Research in Organizations and Management: An International Journal", https://doi.org/10.1108/17465641111188411, Vol. 6, No. 3, pp. 246-264, 2011.
  • Hodges, R., Macniven, L., Mellett, H., Governance of UK NHS trusts: The Annual General Meeting, "Corporate Governance: An International Review", http://dx.doi.org/10.1111/ j.1467-8683.2004.00375.x., Vol. 12, No. 3, pp. 343-352, 2004.
  • Holley, K. A., Colyar, J., Rethinking texts: Narrative and the construction of qualitative research, "Educational Researcher", https://doi.org/10.3102/0013189X09351979, Vol. 38, No. 9, pp. 680-686, 2009.
  • Jeacle, I., Accounting and the annual general meeting: the case of the Edinburgh University Tea Club 1920-1945, "Accounting History", https://doi.org/10.1177/1032373208095479, Vol. 13, No. 4, pp. 451-478, 2008.
  • Jones, M. D., McBeth, M. K., A narrative policy framework: clear enough to be wrong?, "Policy Studies Journal", http://dx.doi.org/10.1111/j.1541-0072.2010.00364.x., Vol. 38, No. 2, pp. 329- 353, 2010.
  • Klein, K., Boals, A., Coherence and narrative structure in personal accounts of stressful experiences, "Journal of Social and Clinical Psychology", https://doi.org/10.1521/jscp.2010.29.3.256, Vol. 29, No. 3, pp. 256-280, 2010.
  • Kock, N., Hadaya, P., Minimum sample size estimation in PLS-SEM: The inverse square root and gamma-exponential methods, "Information Systems Journal", Vol. 28, No. 1, pp. 227-261, 2018.
  • Lawal, T., Clustering of annual general meetings and stock returns: UK evidence, "Journal of Behavioral and Experimental Finance", https://doi.org/10.1016/j.jbef.2016.05.001, Vol. 11, pp. 9- 12, 2016.
  • Lewin, S., Green, J., Ritual and the organisation of care in primary care clinics in Cape Town, South Africa, "Social Science & Medicine", https://doi.org/10.1016/j.socscimed. 2009.02.013, Vol. 68, No. 8, pp. 1464-1471, 2009.
  • Martinez-Blasco, M., Garcia-Blandon, J., Argiles-Bosch, J. M., Annual General Meetings in Large Chinese Companies: The Value Relevance of Released Information, "Oxford Journal: An International Journal of Business & Economics", http://ojbe.org/oj/index.php/journals/article/viewFile/106/92 Accessed 30 September 2016, Vol. 9, No. 2, pp. 148-159, 2014.
  • Martinez-Blasco, M., Garcia-Blandon, J., Argiles-Bosch, J. M., Does the informational role of the annual general meeting depend on a country's legal tradition?, "Journal of Management &Governance", https://doi.org/10.1007/s10997-014-9294-9, Vol. 19, No. 4, pp. 849-873, 2015.
  • Mello, R. A., Collocation analysis: a method for conceptualizing and understanding narrative data, "Qualitative Research", https://doi.org/10.1177/146879410200200206, Vol. 2, No. 2, pp. 231-243, 2002.
  • Merrill, J. B., Stories of Narrative: On Social Scientific Uses of Narrative in Multiple Disciplines, "Colorado Research in Linguistics", http://citeseerx.ist.psu.edu/viewdoc/download? doi=10.1.1.589.1608&rep=rep1&type=pdf. Accessed 03 September 2015, Vol. 20, pp. 1-25, 2007.
  • Olibe, K. O., The incremental information content of non-US GAAP earnings disclosures: Evidence from UK firms, "Journal of International Accounting, Auditing and Taxation", https://doi.org/10.1016/j.intaccaudtax.2006.08.006, Vol. 15, No. 2, pp. 197-214, 2006.
  • Polkinghorne, D. E., Narrative knowing and the human sciences, Suny Press, New York, 1988.
  • Randall, D., Harms, A., Using stories for advantage: the art and process of narrative, "Strategy & Leadership", https://doi.org/10.1108/10878571211191666, Vol. 40, No. 1, pp. 21-26, 2012.
  • Riessman, C. K., Analysis of personal narratives, In: A. E. Fortune, W. J. Reid, R. Miller (Eds.), Qualitative research in social work, pp. 168-191, Columbia University Press, New York, 2002.
  • Rippington, F. A., Taffler, R. J., The information content of firm financial disclosures, "Journal of Business Finance & Accounting", http://dx.doi.org/10.1111/j.1468-5957.1995.tb00878.x., Vol. 22, No. 3, pp. 345-362, 1995.
  • Rodgers, W., Guiral, A., Potential model misspecification bias: formative indicators enhancing theory for accounting researchers, "The International Journal of Accounting", https://doi.org/10.1016/j.intacc.2010.12.002, Vol. 46, No. 1, pp. 25-50, 2011.
  • Sandelowski, M., Telling stories: Narrative Approaches in Qualitative Research, "Image: the Journal of Nursing Scholarship", http://dx.doi.org/10.1111/j.1547-5069.1991.tb00662.x., Vol. 23, No. 3, pp.161-166, 1991.
  • Sarstedt, M., Ringle, C. M., Smith, D., Reams, R., Hair, Jr. J. F., Partial least squares structural equation modeling (PLS-SEM): A useful tool for family business researchers, "Journal of Family Business Strategy", https://doi.org/10.1016/j.jfbs.2014.01.002, Vol. 5, No. 1, pp. 105-115, 2014.
  • Sarstedt, M., Wilczynski, P., Melewar, T. C., Measuring reputation in global markets-a comparison of reputation measures' convergent and criterion validities, "Journal of World Business", Vol. 48, No. 3, pp. 329-339, 2013.
  • Sekaran, U., Research Methods for Business a Skill-Building Approach, Fourth Edition, John Wiley and Sons, New York, 2003.
  • Smith, A. C. T., Stewart, B., Organizational Rituals: Features, Functions and Mechanisms, "International Journal of Management Reviews", http://dx.doi.org/10.1111/ j.1468-2370.2010.00288.x, Vol. 13, No. 2, pp. 113-133, 2011.
  • Strätling, R., General Meetings: a dispensable tool for corporate governance of listed companies?, "Corporate Governance: An International Review", http://dx.doi.org/10.1111/ 1467-8683.00303, Vol. 11, No. 1, pp. 74-82, 2003.
  • Sydserff, R., Weetman, P., A texture index for evaluating accounting narratives, an alternative to readability formulas, "Accounting, Auditing & Accountability Journal", https://doi.org/10.1108/09513579910283503, Vol. 12, No. 4, pp. 459-488, 1999.
  • Uche, C. O., Atkins, J. F., Accounting for rituals and ritualization: The case of shareholders' associations, "Accounting Forum", http://dx.doi.org/10.1016/j.accfor.2014.10.006, Vol. 39, No. 1, pp. 34-50, 2015.
  • Wong, K. K.K., Partial least squares structural equation modeling (PLS-SEM) techniques using SmartPLS, "Marketing Bulletin", https://s3.amazonaws.com/academia.edu/documents/43189928/Smartpls.pdf Accessed 19 June 2016, Vol. 24, pp. 1-32, 2013.
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.ekon-element-000171622910

Zgłoszenie zostało wysłane

Zgłoszenie zostało wysłane

Musisz być zalogowany aby pisać komentarze.
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.