Dennis Taylor
RMIT University
Network
Latest external collaboration on country level. Dive into details by clicking on the dots.
Publication
Featured researches published by Dennis Taylor.
Managerial Auditing Journal | 2009
Zaini Ahmad; Dennis Taylor
Purpose - Taking a cognitive perspective of internal auditor independence, the purpose of this study is to develop measures for the concepts of commitment to independence, role conflict and role ambiguity in the context of the internal auditors work environment, in order to provide evidence of the effects of role conflict and ambiguity, and their sub-dimensions, on the internal auditors commitment to independence. Design/methodology/approach - To measure these concepts, scales are developed for a questionnaire by drawing on measures established in the organizational behavior literature and adapting these to the internal auditors context. The questionnaire is sent to a sample of internal auditors drawn from the database of the Institute of Internal Auditors Malaysia in which listed companies with an in-house internal audit function are extracted. There are 101 useable responses. Findings - The results reveal that both role ambiguity and role conflict are significantly negatively related to commitment to independence. The underlying dimensions found to have the greatest impact on commitment to independence are: first, ambiguity in both the exercise of authority by the internal auditor and time pressure faced by the internal auditor; and second, conflict between the internal auditors personal values and both managements and their professions expectations and requirements. Originality/value - The results extend the literature on internal auditor independence and provide insights for auditing standards setters and corporate governance designers.
Asian Review of Accounting | 2009
Dennis Taylor
Purpose - The objective of this study is to compare the costs to financial statement prepares of making the transition to International Financial Reporting Standards (IFRSs) relative to the benefits to financial statement users from receiving “higher quality” IFRS-based information (measured as incremental value-relevance for listed companies in the UK, Hong Kong and Singapore). These countries had different approaches to harmonization leading up to IFRS adoption. Design/methodology/approach - This study is based on secondary data from financial statements and share market databases for a sample of 150 randomly selected listed companies in three countries for the year of first-time adoption of IFRSs. Findings - Results show that the extent and cost of adjustments to financial statements of UK companies at first-time adoption of IFRSs is greater than companies in Hong Kong and, in turn, Singapore. But, in each of the three countries, financial statements prepared under IFRSs generate insignificant benefits to users in terms of providing incrementally more value-relevant information than financial statements prepared under local generally accepted reporting practices. The self-develop-then-harmonize strategy of the UKs Accounting Standards Board caused companies to incur higher costs-to-benefits on adoption of IFRSs than the selective-importing-of International Accounting Standards strategy in Hong Kong and Singapore. Originality/value - The evidence enables a retrospective evaluation of historically different national standards setting strategies in terms of the cost-benefit outcomes at time of adoption of IFRSs.
Journal of Intellectual Capital | 2014
Sang Ho Kim; Dennis Taylor
Purpose – The purpose of this paper is to provide new evidence, made possible by human capital data that became available after IFRS adoption, on the productivity of intellectual capital and its components. These productivity measures are modelled to determine their value-relevance in the share market, and the modelling is extended to comparative productivity measures for the book-value of assets. Design/methodology/approach – Financial data are sourced from financial databases and company annual reports on a sample of 160 Australian listed firms over a five-year period. Panel regression analysis is used to test five models built from Riahi-Belkaouis (1999) general price model of the value-relevance of accounting numbers. Findings – The results show that the productivity of human capital, structural capital and intellectual capital are each significantly positively related to share price (i.e. have value-relevance), whereas the productivity of total assets at book-value is non-significant and tangible as...
International Journal of Law and Management | 2013
Maggie Williams; Dennis Taylor
Purpose – The purpose of this paper is to investigate the phenomenon in China of listed companies propping up their reported earnings through the use of abnormal related‐party sales. It is hypothesised that two factors associated with securities regulation of listed companies in China will distort the market for ownership control and consequently impact on the practice of propping. The first factor is the firms risk of being classified as a “special treatment” firm and potentially being delisted. The second factor is the proportion of non‐tradable shares retained by a State‐based controlling shareholder from a government allocation.Design/methodology/approach – The hypotheses are modelled and tested using secondary data from 2010 annual reports and a financial database for companies sampled from the top 100 on the Shanghai and Shenzen Stock Exchanges.Findings – Both hypotheses are supported. Abnormal sales (a proxy for propping) are found to be higher for firms whose ROE had fallen to a level that potent...
Procedia. Economics and finance | 2012
Damian Tien Foo Niap; Dennis Taylor
Abstract The primary focus of this study is to provide evidence on whether, during a period of economic turbulence, the personal reputation of CEOs holds up as a significant determinant of their remuneration, or whether the companys financial performance and governance structures are the more dominant determinants of CEOs’ remuneration. Using secondary data sampled from Australian Top 200 listed companies over a 3 year period straddling the global financial crisis, this study models determinants of total CEO remuneration. The results reveal that CEOs’ personal reputation does have a positive significant effect on total remuneration. Of the company financial performance influences on CEO remuneration, volatility of ROE and the net operating cash flow are found to have the most significant effects on total CEO remuneration, as expected during the period of economic turbulence studied. Governance structures of remuneration committee independence and the extent of substantial shareholdings were found to not have significant effect on total CEO remuneration.
Journal of Human Resource Costing & Accounting | 2011
Sang Ho Kim; Dennis Taylor
Purpose – This paper aims to investigate changes in corporate disclosures of labour‐related costs in financial statements arising from a change in the accounting regime from generally accepted accounting principles (GAAPs) to international financial reporting standards (IFRSs) in Australia.Design/methodology/approach – An archival empirical approach is taken. Data are sampled for 160 listed companies in Australia over seven years covering Australian GAAPs (2003‐2005) and Australian IFRSs (2006‐2009) periods. To measure disclosures, a classification and count is made of line items for labour‐related costs found on the face of and in the notes to financial statements. These disclosures are analysed against firm‐specific characteristics and industry categories.Findings – Results reveal companies disclosing “total labour costs” rose from about 60‐85 per cent, and the discretionary disaggregation of “total labour costs” became more prevalent. Companies providing disaggregated information in the post‐IFRSs peri...
International Journal of Accounting and Information Management | 2017
Mohammad Tareq; Dennis Taylor; Clive Morley; Nurul Houqe
Discretionary related party transactions (also known as tunnelling or self-dealing transactions) are non-arms length transactions with related parties of controlling shareholders for private benefit at the cost of other shareholders. Though there are studies on discriminatory related party transactions, there has been limited effort to develop a measure for such discriminatory transactions. Current measures are based on weak theoretical underpinnings and prone to high measurement error. This paper develops and tests a new measure for these discriminatory transactions. Type 1, Type 2 error rates and power of the new measurement are compared with an existing measure using computer simulated and real data. The capital market sensitivity of the new measure is also tested and compared with an existing measure. The new measure is found to be superior. This is the first systematic effort to develop a measure for discriminatory related party transactions. It will contribute in policy-making in relation to discriminatory related party transactions.
Journal of Accounting & Organizational Change | 2014
Pavithra Siriwardhane; Dennis Taylor
Purpose – The purpose of the study is to investigate differences between the perceptions of the Mayors and Chief Executive Officers (CEOs) of local government authorities (LGAs) with regards to the attributes of power, legitimacy and urgency of different identified stakeholder groups regarding their claims and needs concerning infrastructure assets. Stakeholder groups are categorised into those at the public level and those at higher-tier government level. Design/methodology/approach – A survey of 420 LGAs throughout Australia was undertaken using an instrument developed from the constructs in Mitchell et al.’s (1997) theory of stakeholder identification and salience. Findings – The results first reveal that there are more similarities than differences between the perceptions of the Mayors and CEOs with regard to stakeholder attributes of different stakeholder groups. Second, both Mayors and CEOs view stakeholders in infrastructure decision-making as largely “expectant dependant”. However, there is eviden...
Archive | 2012
Sang Ho Kim; Dennis Taylor
Disclosure of human resources-related expenditure that contributes to a firm’s value-creation, would expect to have value relevance in equity markets. This study uses data from listed companies in Australia over 8 years, covering accounting regime change and share-market upheaval, to trace the value relevance of disclosure of human capital expenditure (HCE). In doing so, it extends the basic value relevance model to provide findings not only on total and disaggregated HCE disclosures but other factors affecting the market’s evaluation of HCE’s value-creation process, namely, diminishing marginal return from labour and the reliability of using industry-based HCE information.
Pacific Accounting Review | 2017
Pavithra Siriwardhane; Dennis Taylor
Purpose The purpose of this study is to investigate the relationship between the degree of stakeholder salience and the degree of emphasis placed on accountability dimensions for infrastructure assets (IFAs) as perceived by mayors and chief executive officers (CEOs) of local government authorities (LGAs). Comparisons are drawn between the salience accorded to two broad stakeholder groups at the public level and at the government level. Design/methodology/approach Perceptions of mayors and CEOs are examined through a mail questionnaire survey administered among LGAs in Australia. Findings Overall accountability for IFAs by the LGAs is influenced by the salience accorded to the demands and needs of public stakeholders (PSs) but not the salience accorded to government stakeholders (GS). It is evident that public and managerial accountabilities are impacted by PS salience, whereas political accountability is impacted by the salience of GS. Thus, it emphasises that the establishment and implementation of policies, processes and systems that render transparency and responsiveness to the public, as well as service quality and the disclosure of performance measures, are positively affected by the salience accorded to PS groups. Research limitations/implications The results of the study may be affected by the inherent weaknesses associated with mail surveys. Practical implications Accountability of LGAs for IFAs to GS needs enhancement, specifically stronger policy incentives. Originality/value This paper contributes to the literature, providing evidence on how mayors and CEOs of LGAs perceive the salience of different stakeholders of IFAs and its impact on the perceived accountability.