Accountability of Corporate Boards in Finland
Virtanen, A., & Takala, T. (2016). Accountability of Corporate Boards in Finland. Management Research and Practice, 8(1), 5-24. http://mrp.ase.ro/no81/f1.pdf
Published inManagement Research and Practice
DisciplineBasic or discovery scholarshipJohtaminenLaskentatoimiBasic or discovery scholarshipManagement and LeadershipAccounting
© Management Research and Practice, 2016. This is an open access article published by Academia de Studii Economice din Bucuresti.
This paper focuses on accountability and reporting from a corporate governance (CG) perspective. Drawing on a theoretical framework, empirical analysis was conducted on a dataset collected using a questionnaire implemented with a sample of board members of Finnish listed companies. We had two study questions. 1) To whom are the board members accountable? and 2) What information is required to deliver adequate reporting to meet accountability requirements? The findings show that board members are accountable to shareholders and stakeholders, and their accountability encompasses responsibilities to society and the environment. They see that current financial reporting does not provide sufficient information on ethical, environmental and societal issues. Focusing on board accountability, the study provides empirical evidence to support the concept of accountability and explains the relationship between accountability and reporting in the Finnish context.
PublisherAcademia de Studii Economice din Bucuresti
Publication in research information system
MetadataShow full item record
- Kauppakorkeakoulu 
Showing items with similar title or keywords.
Blame game or dialogue? Financial, professional and democratic accountabilities in a complex health care setting Pellinen, Jukka; Mättö, Toni; Sippola, Kari; Rautiainen, Antti (Emerald Group Publishing Limited, 2018)Purpose The purpose of this paper is to investigate how the complexity of the network governance setting affects accountability practices. The authors pay particular attention to the organizational characteristics that ...
Tauriainen, Anniina (2012)Yritykset käyttävät verkkosivujaan tuotteiden ja palveluiden markkinoinnin ohella myös yrityksen mainostamiseen ja verkkoidentiteetin luomiseen. Verkkoidentiteetti heijastaa kielen ja visuaalisen ilmeen kautta yrityksen ...
The growth of Finnish software companies in 2008-2011 : empirical investigation of financial ratios as the determinants of growth Kaasalainen, Mikko (2014)The purpose of this study is to examine the relation of growth and the financial ratios of a company. The theoretical portion of the study focuses on the concept of growth in entrepreneurship theory. The empirical portion ...
From state-owned smokestacks to post-industrial dreams : The Finnish government in business, 1970–2010 Nevalainen, Pasi; Yliaska, Ville (Routledge, Taylor & Francis, 2021)While state-owned enterprises (SOEs) used to be considered obsolete tools for governmental intervention in the economy, in recent years governmental intervention in the business sector has re-emerged as a topic of debate. ...