An in-depth study on the extent of influence of liquidity, leverage and return on equity on the voluntary disclosure level of listed Philippine banks

Date of Publication

2000

Document Type

Master's Thesis

Degree Name

Master of Science in Accountancy

Subject Categories

Economics

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Thesis Adviser

Divina M. Edralin

Defense Panel Chair

Tereso S., Tullao, Jr.

Defense Panel Member

Teresita T. Nadurata
Greg M. Villegas

Abstract/Summary

The disclosure of information is an essential ingredient of a well functioning market. A transparent disclosure practice creates a better venue for decision making since information is freely disclosed. The statutory policies promulgated by regulatory bodies lay down the minimum amount of information which economic entities communicate to external users. For capital allocation to proceed efficiently, information other than those conventionally required by regulatory bodies should likewise be disclosed.The study aims at ascertaining the extent of influence of liquidity, leverage and return on equity on the voluntary disclosure level of listed Philippine banks. With the use of the descriptive and correlational research designs, 50 annual reports of listed Philippine banks covering the period beginning 1994 to 1998 were culled to answer the research problem, objectives and hypothesis of the study.The data were analyzed using descriptive and inferential statistics. Content analysis, percentage and mean were employed for the descriptive part of the research and analysis of variance (ANOVA), Pearson correlation and simple and multiple regression were utilized to test the hypothesis of the study.

The analysis revealed the following findings: (a) liquidity has a significant correlation with disclosure level related to background information, (b) leverage has a significant correlation with disclosure level related to summary of historical result, (c) return on equity has a significant correlation with disclosure level related to economic environment and management discussion and analysis, (d) liquidity significantly influences the disclosure level on background information, (e) leverage significantly influences the disclosure level on summary of historical result, and (f) return on equity significantly influences the disclosure level on economic environment and management discussion and analysis.

Abstract Format

html

Language

English

Format

Print

Accession Number

TG03017

Shelf Location

Archives, The Learning Commons, 12F Henry Sy Sr. Hall

Physical Description

92 leaves ; ill. ; 28 cm.

Keywords

Banks and banking; Liquidity (Economics); Equity

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