The higher the level of information asymmetry between a firm and its investors, the higher is the firm’s reluctance to raise money externally, potentially leading to investment distortions. An improved disclosure system reduces information asymmetry and therefore, lessens the adverse selection effects of external financing, thereby moderating investment inefficiencies. In this paper, we examine the impact of potentially improved transparency stemming from stricter disclosure requirements (Clause 49) on financing and investment decisions of Indian firms. The results show that reliance of Indian firms on internal financing in the pre-reform period gives way to greater use of external financing in the post-reform period, and alleviation in financial constraints. While expanded funding sources do not seem to improve investment unambiguously, firms that suffered under-investment prior to the reform show a significant improvement in investment post-reform. Firms also increase their financial slack making it possible for them to engage in acquisitions within India as well as abroad.

Sexual victimization is experienced by about 20% of women and two percent of men (Black et al., 2011). Disclosure of these incidences is high, with about 90% of survivors speaking out at least once about their assault (Ullman & Peter-Hagene, 2014). Though disclosure rates appear high, common reactions given by formal (e.g. law enforcement) and informal (e.g. a friend) sources are negative and counterintuitive to survivor growth (Ullman & Brecklin, 2002). Often studied with military veterans and suicide, perceived burdensomeness and thwarted belonging are tied to social disconnect and perceived rejection from interpersonal support systems, and often follow stressful life events such as trauma (Hill & Pettit, 2014; Ford & Collins, 2010; Van Orden, Cukrowicz, Witte, & Joiner, 2012). Negative reactions to disclosures, and the consequent rejection, can lead to diminished mental health, including depression and posttraumatic stress disorder (PTSD; Ullman & Peter-Hagene, 2014; Starzynski, Ullman, Filipas, & Townsend, 2005). Furthermore, shame has been researched as a possible emotional response to experiencing a traumatic event (La Bash & Papa, 2014), and this may play a role in people’s likelihood of experiencing distress following the receipt of negative social reactions. To explore the underlying processes and outcomes related to negative social reactions upon disclosure, the following hypotheses were proposed. First, the five negative social reactions (i.e., control, blaming, distracting, egocentric, and treating differently) would be positively associated with psychological distress (i.e., depression and PTSD symptoms). Next, the five negative social reactions subscales were predicted to be positively associated with state shame, perceived burdensomeness, and thwarted belonging. Finally, it was predicted that the relationships between the five negative social reaction subscales and psychological distress would be mediated by state shame, perceived burdensomeness, and thwarted belonging. Though all five negative reactions were associated with PTSD, blame and distraction were not associated with depression. Further, blame and treating differently were associated with perceived burdensomeness, however the other negative reactions and outcome associations varied. Surprisingly, an intervening relationship of the five negative reactions, shame, perceived burdensomeness, thwarted belonging, and psychological distress was not established. Implications of this study may provide important insight into relationships previously not examined with sexual assault and mental health outcomes.

The study of self-disclosure has been developed and elaborated mainly in the United States, and only a few studies have directly examined self-disclosure in the Japanese cultural context. This study was designed to extend the study of self-disclosure to Japanese culture, and using the concept of ingroup and outgroup relationships, examine the relationship between the level of self-disclosure and perceived social attraction in initial interaction between Japanese strangers. Based on the literature on self-disclosure and features of Japanese culture and communication, two hypotheses were constructed: Hl: For the ingroup members, the high discloser will be perceived to be more socially attractive than the low discloser. H2: For the outgroup members, the low discloser will be perceived to be more socially attractive than the high discloser. As respondents, a total of 328 Japanese college graduate and undergraduate students living in the Kansai area in Japan participated in the research. The data collection instrument consisted of McCroskey and McCain's (1974) social attraction scale and a culture-specific scale of social attraction constructed by the researcher. A two-way analysis of variance (ANOVA) and ~ tests were used to test the two hypotheses and interaction between the two variables. In addition, to test gender effects, the data were analyzed by using three, three-way ANOVAs. The results of the data analyses revealed that in initial interaction between Japanese strangers, the level of self-disclosure was a main factor in determining the stranger's perceived social attraction. Low self-disclosure led to positive evaluation of perceived social attraction, and high self-disclosure led to negative evaluation of perceived social attraction. The results also suggested that the stranger's group identification mediated the relationship between the stranger's level of self-disclosure and perceived social attraction. Ingroup membership produced greater perceived social attraction than did outgroup membership. Thus, the highest perceived social attraction was produced by the low disclosing stranger identified as being an ingroup member. Further, Japanese subjects distinguished ingroup and outgroup membership for low self-disclosure, but not for high self-disclosure. No significant effects due to gender were found in this study.

Previous research has produced heterogeneous findings regarding the effectiveness of expressive writing in reducing grief symptomatology among the bereaved (e.g., Collison, 2016; Lichtenthal & Cruess, 2010; Stroebe et al., 2006). The purpose of this study was to address these mixed results by exploring the effects and linguistic characteristics of a novel writing task (i.e., the acrostic poem) among bereaved undergraduates, using an innovative data analysis technique (i.e., Linguistic Inquiry and Word Count). The current study recruited 68 undergraduates who had lost a loved one. Participants were randomly assigned to write over multiple days using the acrostic poem, emotional disclosure prompt, or a control writing prompt. Consistent with previous research, the results indicated no significant differences in grief between conditions over time; however, there were key group differences in linguistic content. Further, while all participants endorsed improvements in grief one week following the intervention, the participants returned to baseline one month later. Patterns of writing, coping, religiosity/ spirituality, physical symptoms, and grief in bereaved emerging adults were also assessed. The results suggest that while expressive writing might not be an effective intervention for the bereaved, the content of writing might provide clinicians some insight on psychological and spiritual processes at play in bereaved emerging adults.

This study investigated the utility of applying the social constructionist perspective to adolescent sexual minority identity development, disclosure, and identity explorations. Differences between middle and late adolescents and male and females were examined. No differences were found between middle and late adolescents on measures of identity development and identity exploration; however, differences in identity disclosure were found regarding history of accidental discovery of sexual orientation. Biological sex differences were found for identity development, disclosure, and exploration. Relationships between same- and opposite-sex attractions, behaviors, romantic experiences, and self-labels are presented. Trends in intentional disclosure patterns and unintentional discovery identify predicted reaction as a primary motivator in disclosure. Finally, different relationship styles in which sexual minorities engage are presented. Outcomes of relationship styles show better psychosocial outcomes for those engaging in different relationship styles compared to those who do not participate in relationships.

This study examines the role of three institutional factors (regulative; normative and cultural-cognitive pillars of institutions) in addressing agency problems of Australia. In the wake of the series of corporate collapses of current decade, director and executive remuneration was identified as one of the major causes behind these scandals. The Australian government and other related organisations made both regulative and non-regulative institutional reforms to manage this agency conflict. These reforms, encapsulated in Corporate Law Economic Reform Program (CLERP) Act 2004 demanded an increased level of disclosure of director and executive remuneration particularly, the disclosure of performance based salary. Subsequently, these amendments provided an opportunity through a non-binding vote to shareholders to participate in executive remuneration decisions. This study proposes a new synthesis of institutional and agency theories by examining how institutional interventions addresses agency conflicts in the Australian context. A conceptual model is developed to measure both the conjoined and distinctive institutional impact on the disclosure level of director and executive remuneration in Australia. To measure and quantify the aforementioned impact a mixed method research strategy was used. First, content analysis as an investigative tool was used to develop a disclosure index which determined the level of disclosure of director and executive remuneration from top 100 Australian listed entities. Second, a conceptual model, positing the relationships between independent and dependent variables was verified through an econometric analysis of collected data, performed through the Statistical Package for the Social Sciences version 15. The findings of this research reveal that there exists a significant difference between the levels of disclosure in the pre and post stages of the introduction of the CLERP Act 2004. This result highlights the significance of regulatory intervention in addressing agency conflicts. The study also indicates that regulative and normative pillars have a higher impact than the culture-cognitive pillar on disclosure practices of Australian firms. In light of these results, the new blend between agency and institutional theories highlight the role of different institutions, particularly the government, in stabilising the organisational practices for good governance and creating national competitive advantages.

Research Doctorate - Doctor of Philosophy (PhD) / The rapid pace of growth in the field of human genetics has left researchers with many new challenges in the area of security and privacy. To encourage participation and foster trust towards research, it is important to ensure that genetic databases are adequately protected. This task is a particularly challenging one for statistical agencies due to the high prevalence of categorical data contained within statistical genetic databases. The absence of natural ordering makes the application of traditional Statistical Disclosure Control (SDC) methods less straightforward, which is why we have proposed a new noise addition technique for categorical values. The main contributions of the thesis are as follows. We provide a comprehensive analysis of the trust relationships that occur between the different stakeholders in a genetic data warehouse system. We also provide a quantifiable model of trust that allows the database manager to granulate the level of protection based on the amount of trust that exists between the stakeholders. To the best of our knowledge, this is the first time that trust has been applied in the SDC context. We propose a privacy protection framework for genetic databases which is designed to deal with the fact that genetic data warehouses typically contain a high proportion of categorical data. The framework includes the use of a clustering technique which allows for the easier application of traditional noise addition techniques for categorical values. Another important contribution of this thesis is a new similarity measure for categorical values, which aims to capture not only the direct similarity between values, but also some sense of transitive similarity. This novel measure also has possible applications in providing a way of ordering categorical values, so that more traditional SDC methods can be more easily applied to them. Our analysis of experimental results also points to a numerical attribute phenomenon, whereby we typically have high similarity between numerical values that are close together, and where the similarity decreases as the absolute value of the difference between numerical values increases. However, some numerical attributes appear to not behave in a strictly `numerical' way. That is, values which are close together numerically do not always appear very similar. We also provide a novel noise addition technique for categorical values, which employs our similarity measure to partition the values in the data set. Our method - VICUS - then perturbs the original microdata file so that each value is more likely to be changed to another value in the same partition than one from a different partition. The technique helps to ensure that the perturbed microdata file retains data quality while also preserving the privacy of individual records.

Sweeping financial management reforms occurred in New Zealand during the late 1980s and early 1990s which radically changed the face of the New Zealand public sector. These reforms sought to significantly restructure and reorganise local government thereby improving their effectiveness and efficiency and improving their accountability to their stakeholders. The principal vehicle for the discharge of this accountability is the annual report, which must be prepared according to Generally Accepted Accounting Practice (GAAP) and commercial principles. Organisations in the private sector are beginning to recognise the value of accounting for intellectual capital (IC) (see for example Quinn, 1992; Brooking, 1996; Sveiby, 1997; Edvinsson Malone, 1997; Bontis, Dragonetti, Jacobsen Roos, 1999; Guthrie, Petty Johanson, 2001; Bounfour, 2003). Studies on the measurement, management and reporting of IC have been undertaken internationally in Asia (Abeysekera Guthrie, 2005; Goh Lim, 2004; Ordenez de Pablos, 2002), Australia (Guthrie Petty, 2000), Europe (Bozzolan, Favotto and Ricceri, 2003; Olsson, 2001; Ordenez de Pablos, 2004), United Kingdom (Collier, 2001; Williams, 2001) and Ireland (Brennan, 2001). Despite the significant research interest in the field of intellectual capital internationally, scant attention has been paid to intellectual capital reporting by commercial organisations in New Zealand. An extensive review of the IC literature yielded only two New Zealand based studies (Miller Whiting, 2005; Wong Gardner, 2005). Further, no studies to date have addressed intellectual capital reporting by local governments in either New Zealand or internationally. This study aims to fill this gap through the development of an intellectual capital disclosure model that could be applied to local authorities. The research describes and explains the development of a disclosure index used to measure the extent and quality of current intellectual capital disclosure by local authorities in New Zealand. The index was developed through a consultative process with a panel of local government stakeholders which was used to establish the weightings for each item. The final index comprised 26 items divided into three categories: internal capital, external capital and human capital. The 2004/2005 annual reports of 82 New Zealand local authorities were scored for extent and quality of disclosure against the index. The results indicate that intellectual capital reporting by local authorities is varied. Manukau City Council scored the achieved the highest overall score (76%) out of the 82 reports analysed while Whakatane District Council scored the lowest with 33%. The most reported items were joint ventures/business collaborations and management processes. The least reported items were intellectual property and licensing agreements. The most reported category of intellectual capital was internal capital, followed by external capital. The least reported category was human capital. The findings indicate a number of areas of reporting that could be improved in order to meet with stakeholder disclosure expectations. In the internal capital category, intellectual property disclosures could be improved. In the external capital category disclosure concerning ratepayer demographics and licensing agreements could be improved. In the human capital category, disclosure of most items could be improved, in particular, entrepreneurial innovativeness and vocational qualifications. The study provided an insight into the current level and quality of intellectual capital disclosure by the NZ local government sector. The results indicated that local authorities are disclosing some aspects of intellectual capital in their annual report, however there is no consistent reporting framework, and many areas of IC disclosures are not meeting stakeholder expectations. More research is needed in the area of intellectual capital reporting in the public sector. This study provides a preliminary framework which can be used by local authorities to enhance intellectual capital disclosures in their annual reports.

ABSTRACT This thesis investigates the legal and theoretical basis of continuous disclosure regulation in Australia as it applies to listed companies. An empirical study is undertaken to further investigate the operation of the legislation. As part of the Enhanced Disclosure regime, the continuous disclosure provision was effective from 5 September 1994 as s1001A of the Corporations Law, now the Corporations Act 2001 (Cth). This statutory provision is replaced by s674, inserted by Schedule 2 to the Financial Services Reform Act 2001 (Cth), and effective from 11 March 2002. The provision reinforces Australian Stock Exchange (ASX) listing rule 3.1. The rule requires a listed disclosing entity to notify ASX immediately of information that would be expected to have a �material effect� on the share price of the company. However, the disclosure requirement is weakened by a number of specific exemptions or �carve-outs� to listing rule 3.1. If a reasonable person would not expect the information to be disclosed, and if the confidentiality of the information is maintained, then disclosure is not mandatory in special circumstances. This study analyses 427 query notices, issued by ASX to listed companies from July 1995 to April 1996. The queries request information concerning unexplained movements in a company�s share price or a failure to comply with the listing rules. An analysis of the companies� replies to these notices provides a profile of the type of company that is likely to be queried. The study also attempts to evaluate the extent to which these companies have relied on the �carve-outs� as an exemption to the regulation.

This thesis examines the strategic and potentially legitimising nature of voluntary environmental reporting. First, the thesis examines the relationship between emission levels on the National Pollutant Inventory and the quantity of total voluntary environmental disclosures, voluntary emission disclosures and positive voluntary environmental disclosures in annual reports. Second, an examination of changes in the quantity of disclosures discussing compliance with the National Pollutant Inventory and/or disclosures concerning pollution emissions is undertaken. Taking into consideration the findings relating to the strategic nature of voluntary disclosures, the thesis then examines the potential of such disclosures to impact upon the usefulness of mandatory annual report disclosure requirements. This is undertaken by investigating whether significant differences exist between environmental disclosure practices in the voluntary sections of annual reports for corporations reporting non-compliance, and those not reporting non-compliance, in the directors' report pursuant with the requirements of s. 299(1)(f) of the Corporations Law. The findings suggest that, for the sample corporations, a change in environmental regulation may have been an impetus for changes in voluntary environmental disclosure practices in annual reports. Disclosures are identified as being discretionary, and potentially reactive to changes in environmental regulation, with a significant increase in the quantity of voluntary disclosures relating to the National Pollutant Inventory and in the number of corporations making voluntary emission disclosures during the period. Hence, voluntary disclosures, although discretionary, may provide some indication of the corporation's actual environmental activities and provides some support for industry arguments to maintain a voluntary environmental disclosure system. A comparison of the quantity and nature of voluntary disclosures for corporations required to report non-compliance with, and those reporting no non-compliance with, environmental regulations in the directors' report found no significant differences in disclosure practices between the two groups; that is, in contrast to the findings of previous research, those reporting non-compliance had no higher propensity for either greater quantities of voluntary environmental disclosures or positive voluntary environmental disclosures. The findings suggest that the limitations faced by s. 299(1)(f) in its early years may have resulted in it not being perceived as a legitimacy threat by the sample corporations or as a lesser threat than others such as the NPI. Therefore, questions remain as to whether the section is able to produce the outcomes proposed at its inception. Overall, taking into consideration the discretionary nature of voluntary environmental disclosures, and the limitations of s. 299(1)(f), concern remains as to the quality of the Australian annual report environmental reporting system and the potential for the existence of voluntary environmental disclosures in the annual report to reduce the usefulness of a mandatory disclosure system to users. These findings suggest a need for further research into the effect of both mandatory and voluntary environmental disclosures on users' perceptions of corporate environmental performance.