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Accounting Assignment | Agency Theory & Stewardship

   

Added on  2020-05-11

17 Pages4189 Words113 Views
Accounting 1Accounting
Accounting Assignment | Agency Theory & Stewardship_1
Accounting 2Table of ContentsIntroduction:....................................................................................................................................3Question 1:.......................................................................................................................................4a:...................................................................................................................................................4b:...................................................................................................................................................5c:...................................................................................................................................................5Question 2: Agency theory, stewardship, and executive compensation:........................................5A) Assumptions of the traditional agency theory:.......................................................................5B) Influence of the agency theory on the compensation packages:.............................................6C) Employees Attitude to risk and their desired compensation package:...................................7D) Internal issues faced by the company when they viewed the executive compensation as excessive:.....................................................................................................................................7E) The assumption of agency theory and how it is challenged:...................................................8F) Two alternative theories of agency theory:.............................................................................8G) Evolution of stewardship and reporting:.................................................................................9Question 3:.....................................................................................................................................10Part a:.........................................................................................................................................10Part b:.........................................................................................................................................12Conclusion:....................................................................................................................................15References:....................................................................................................................................16
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Accounting 3Introduction:This report discusses and analyzes the four different articles of research in accounting. Itanalyzes the financial reporting and disclosure, and benefits and limitation of sampling based onthe research studies in Bangladesh and Sri Lanka. Apart from this, it analyzes the agency theory,the assumption of agency theory, stewardship, the executive compensation, and the alternativetheories of the agency theory. Furthermore, it analyzes an article by Kangarluie and Aalizadeh(2017) that focuses on the auditing expectation gap in Iran. This report includes the detailedanalysis of research article in terms of literature review, methodology, hypothesis, and result.Eventually, it evaluates an article by Adeyemi and Olowookere (2011) and defines thepopulation, research instrument in the article, and the relation between research questions andhypothesis in the article.
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Accounting 4Question 1: a: The table 3 in the study of financial reporting in Bangladesh and table 3 in the same study in SriLanka show the percentage of the companies making different kinds of disclosure to theirstakeholders. The table 3 from the research study on the financial reporting in Bangladesh showsthe reporting by the companies in investor’s relation. The number of companies studied was 98.The companies engaged in disclosing the share related information, news and announcement ofthe company, information about payment of dividend, medias and gallery, and price sensitiveinformation (Mitra et al., 2017). Apart from this, the table 3 in this study shows the number ofcompanies for individual items of the disclosure. At the same time, table 3 in the study of Sri Lanka shows different kinds of information on theSri Lankan Corporate Websites. Along with this, percentage, it shows the sectors from whichcompanies were sampled. The table shows the information related to the history of the company,products and services of the company, and financial information. The Statistical test in the PanelB of table 3 shows that the industrial affiliation assists in determining that how intensively thecompanies in Sri Lanka involves in IFR practices (Kuruppu et al., 2015). This states thecompanies do IFR practices can disclose the financial information in different formats such asFlash, PDF, Audio, and Video. The Panel B of Table 3 shows the Chi-Square and LikelihoodRatio that helps in measuring the values and difference among industries in terms of types ofinformation presented by them.
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