摘要：Financial reporting system and disclosure are very important means of communicating financial performance and information asymmetry to the shareholders and users of accounting information. It is stated that corporate disclosure is crucial for an efficient capital market. The demand for sound financial reporting emanates from asymmetry and principal agent conflicts that are the conflict between the managers’ and the shareholders’. This research paper is purely a conceptual review.Financial performance measurements technique like Return on Asset (ROA) and Tobin q are discussed and there linkages with corporate governance mechanism. The paper proposes to use multivariate panel data analysis on the corporate reporting transparency variables and proxy for firm performance. The increase in economic change, globalization of trade and businesses and internationalization of capital market has called for bettertransparent financial reporting.
关键词：Financial Transparency; Corporate Governance; Information Asymmetry; Firm Performance and Agency theory
