ANNOTATED BIBLIOGRAPHY 2
Annotated Bibliography
Feng, R., Kimbrough, M. D., & Wei, S. (2021). The role of information transparency in the
product market: an examination of the sustainability of profitability differences. Review
of Accounting Studies, 27(2), 668–705. https://doi.org/10.1007/s11142-021-09626-4
Summary
The main topic that the researchers are discussing is the competitive advantage that
private firms have over public firms due to having to be more transparent with their
financial reporting.
The main argument of the research is that when it comes to financial reporting firms can
use their counterpart’s information to have an advantage over them.
The main findings of the research article are that information transparency is positively
associated with how fast businesses enter or exit an industry according to information
that is provided on reports.
Assessment
The article is useful because it provides information on the role that financial
transparency has regarding private versus public firms and how it influences business
decisions.
It compares to other resources because several businesses are made after reviewing the
financial report of a company.
Reflection
The source will be useful in my decision because it evaluates how financial reporting
plays a role in the markets and in society. It analyses how financial reporting can cause
profitability for a business to be impacted based on decisions to exit a market.
ANNOTATED BIBLIOGRAPHY 3
I plan to use this source to further research the extent to which financial transparency can
negatively have an impact on the markets and society.
Janský, P., Palanský, M., & Wójcik, D. (2023). Shallow and Uneven Progress towards Global
Financial Transparency: Evidence from the Financial Secrecy Index. Geoforum, 141,
103728. https://doi.org/10.1016/j.geoforum.2023.103728
Summary
The main topic that the researchers are discussing is how the level of financial
transparency has changed over the course of the years in some global markets.
The main argument of the research is that some global markets because of their
jurisdictions have decreased their financial transparency.
The findings of the article are that while there has been an advancement in the amount of
global financial transparency it is still very limited and not comparable across markets.
Assessment
The article is useful because it provides an overview on how financial transparency in
global markets can have an impact on both society and the markets such as limited
information of how money is used in politics can negatively impact society.
The article compares to other sources because it provides evidence of the reasoning of
having to keep financial reporting private to avoid other businesses having a competitive
advantage.
Reflection
The source will be useful in my discussion because it analyzes how financial
transparency has decreased over the years and how it can have an impact in the markets.
ANNOTATED BIBLIOGRAPHY 4
I plan to use this source to further research how limited information of financial reporting
can have impacts in the global market and the economy.
Kusi, B., Agbloyor, E., Gyeke‐Dako, A., & Asongu, S. (2020). Financial sector transparency,
financial crises and market power: A cross‐country evidence. International Journal of
Finance & Economics. https://doi.org/10.1002/ijfe.2380
Summary
The main topic that the researchers are discussing is how financial transparency can have
an influence on the bank’s market power.
The main argument of the research article is that regulators can control the bank’s market
power by enforcing financial transparency.
The main findings of the article are that the public sector has a negative effect on the
bank market power thus when financial sector transparency is enforced by regulators it
reduces the pricing power of banks.
Assessment
The article is useful because it provides an overview of how the markets are affected
when there are regulators appointed to enforce financial transparency.
It compares to other sources because it analyzes how regulators enforcing financial
transparency in the public sector can have a negative effect on them because the
private sector keeps information in its database that it does not disclose to the public.
Reflection
The source will be useful in my discussion because it analyzes how there is several
control variables that have an effect in the market.
ANNOTATED BIBLIOGRAPHY 5
I plan to use this article to further research how financial transparency in the market has
an impact on individuals who are considered low income.
Puron-Cid, G., Reddick, C. G., & Ganapati, S. (2019). Public value of online financial
transparency. International Journal of Public Sector Management, 32(5), 467–488.
https://doi.org/10.1108/ijpsm-03-2018-0073
Summary
The main topic that the researchers are discussing are how online financial reporting can
help keep government officials accountable as to how the funds are being used.
The main argument of the article is that government corruption can be easily identified if
regulators enforce online financial reporting.
The main findings of the article are that state governments should straighten their
accounting standards to be able to provide financial transparency systems to the public.
Assessment
The article is useful because it analyzes how states that enforce online financial
reporting for government officials are held more accountable and provide trust to the
public by being able to view what the government officials are spending money on.
It compares to other sources because it provides pushes for public officials to be held
accountable if there is a discrepancy in the financial reporting provided.
Reflection
The source will be useful in my discussion because I will be able to analyze how
society is impacted when financial reporting is available to them online.
I plan to use this article to further research the percentage of corruption that has been
found since online reporting has been enforced in some states.
ANNOTATED BIBLIOGRAPHY 6
Rodríguez López, Á., Rodríguez Gutiérrez, G., & Rubio Martín, G.-M. (2023). Anti-corruption
barriers, financial transparency and accounting quality in political parties: Evidence from
Spain. Revista de Contabilidad, 26(1), 164–178. https://doi.org/10.6018/rcsar.464091
Summary
The main topic that the researchers are discussing is the need for a stricter policy on
financial transparency in the government sector.
The main argument of the article is that if there is a stricter policy on the financial
transparency required by the government sector it will allow for the public to have greater
trust in the elected officials.
The main finding of the article is that the current accounting reporting requirements to
battle anti-corruption have not been sufficed.
Assessment
The article is useful because it analyzes how there is a gap in the accounting that is
reported when it comes to government officials.
It compares to other sources because it evaluated how trust among the public can be
increased with proper financial reporting and how sanctions should be imposed amongst
elected officials if there is a discrepancy in the financial reports.
Reflection
The source will be useful in my discussion because it evaluates how good quality
financial reporting is needed to have a positive impact on society.
I plan on using this article to further research if there is sanctions already in place for
government officials that report incorrect information and if there is a reduction in
reporting mistakes and how inaccurate reporting can negatively affect the market in the
government sector.
ANNOTATED BIBLIOGRAPHY 8
References
Feng, R., Kimbrough, M. D., & Wei, S. (2021). The role of information transparency in the
product market: an examination of the sustainability of profitability differences. Review
of Accounting Studies, 27(2), 668–705. https://doi.org/10.1007/s11142-021-09626-4
Janský, P., Palanský, M., & Wójcik, D. (2023). Shallow and Uneven Progress towards Global
Financial Transparency: Evidence from the Financial Secrecy Index. Geoforum, 141,
103728. https://doi.org/10.1016/j.geoforum.2023.103728
Kusi, B., Agbloyor, E., Gyeke‐Dako, A., & Asongu, S. (2020). Financial sector transparency,
financial crises and market power: A cross‐country evidence. International Journal of
Finance & Economics. https://doi.org/10.1002/ijfe.2380
Puron-Cid, G., Reddick, C. G., & Ganapati, S. (2019). Public value of online financial
transparency. International Journal of Public Sector Management, 32(5), 467–488.
https://doi.org/10.1108/ijpsm-03-2018-0073
Rodríguez López, Á., Rodríguez Gutiérrez, G., & Rubio Martín, G.-M. (2023). Anti-corruption
barriers, financial transparency and accounting quality in political parties: Evidence from
Spain. Revista de Contabilidad, 26(1), 164–178. https://doi.org/10.6018/rcsar.464091
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