The effect of vice-chancellor characteristics and internal governance mechanisms on voluntary disclosures in UK higher education institutions
The effect of vice-chancellor characteristics and internal governance mechanisms on voluntary disclosures in UK higher education institutions
This study examines the extent to which UK higher education institutions (HEIs) voluntarily make governance disclosures, and investigates whether vice-chancellor characteristics and governing board mechanisms influence such voluntary governance disclosures. Using a sample of 117 UK HEIs over a 6-year period (i.e., 702 university-year observations), we find that the level of governance disclosures among HEIs in the UK is generally low, which is consistent with the findings of earlier studies on the general disclosure practices among HEIs. We also find that vice-chancellor characteristics and governing board mechanisms have a significant impact on voluntary governance disclosures. Specifically, we find a positive and significant association among vice-chancellor tenure, governing board independence, governing board meetings, the presence of a governance committee, and voluntary governance disclosures. By contrast, we find that vice-chancellor age and governing board ethnic/gender diversity have a negative association with the governance disclosures, whereas vice-chancellor gender and education background have no association with the governance disclosures.
Governance quality, Voluntary disclosure, Reforms, UK higher education institutions (HEIs)
Elmagrhi, Mohamed H.
4961f329-8a2d-47c5-83ee-34fc058030fe
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Wang, Yan
2240068a-12e7-4ebb-9f2b-e1236d83ea5e
Elamer, Ahmed A.
41f0a000-ef97-4e6b-b741-d755def01823
Crossley, Richard
8ce74811-4413-43dc-867f-d1ed6fe881cf
December 2021
Elmagrhi, Mohamed H.
4961f329-8a2d-47c5-83ee-34fc058030fe
Ntim, Collins
1f344edc-8005-4e96-8972-d56c4dade46b
Wang, Yan
2240068a-12e7-4ebb-9f2b-e1236d83ea5e
Elamer, Ahmed A.
41f0a000-ef97-4e6b-b741-d755def01823
Crossley, Richard
8ce74811-4413-43dc-867f-d1ed6fe881cf
Elmagrhi, Mohamed H., Ntim, Collins, Wang, Yan, Elamer, Ahmed A. and Crossley, Richard
(2021)
The effect of vice-chancellor characteristics and internal governance mechanisms on voluntary disclosures in UK higher education institutions.
Journal of International Accounting, Auditing and Taxation, 45, [100428].
(doi:10.1016/j.intaccaudtax.2021.100428).
Abstract
This study examines the extent to which UK higher education institutions (HEIs) voluntarily make governance disclosures, and investigates whether vice-chancellor characteristics and governing board mechanisms influence such voluntary governance disclosures. Using a sample of 117 UK HEIs over a 6-year period (i.e., 702 university-year observations), we find that the level of governance disclosures among HEIs in the UK is generally low, which is consistent with the findings of earlier studies on the general disclosure practices among HEIs. We also find that vice-chancellor characteristics and governing board mechanisms have a significant impact on voluntary governance disclosures. Specifically, we find a positive and significant association among vice-chancellor tenure, governing board independence, governing board meetings, the presence of a governance committee, and voluntary governance disclosures. By contrast, we find that vice-chancellor age and governing board ethnic/gender diversity have a negative association with the governance disclosures, whereas vice-chancellor gender and education background have no association with the governance disclosures.
Text
JIAAT_Full_Manuscript_17_January_2021
- Accepted Manuscript
More information
Accepted/In Press date: 17 January 2021
e-pub ahead of print date: 20 September 2021
Published date: December 2021
Additional Information:
Funding Information:
We are grateful to the Editor-in-Chief, Professor Robert K. Larson, and two anonymous reviewers for their valuable comments and suggestions. We would like to acknowledge the Leadership Foundation for Higher Education (now part of Advance HE) (UK) for their generous support of this project through the 2015 Small Development Projects funding stream.
Publisher Copyright:
© 2021 Elsevier Inc.
Keywords:
Governance quality, Voluntary disclosure, Reforms, UK higher education institutions (HEIs)
Identifiers
Local EPrints ID: 446005
URI: http://eprints.soton.ac.uk/id/eprint/446005
ISSN: 1061-9518
PURE UUID: d1e1884d-460d-41f4-b9bb-942100614840
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Date deposited: 19 Jan 2021 17:30
Last modified: 06 Jun 2024 04:18
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Contributors
Author:
Mohamed H. Elmagrhi
Author:
Yan Wang
Author:
Ahmed A. Elamer
Author:
Richard Crossley
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