The Relationship Between Voluntary Disclosure and Corporate Governance Mechanisms

Subject Areas :

Mohammad Kashanipoor ¹ , Majid Zanjirdar ² , Seyed Mahdi Parchini Parchin ³ , Seyed Javad Babazadeh ⁴

1 - دانشیار دانشگاه تهران
2 - استادیار دانشگاه آزاد اسلامی واحد اراک
3 - کارشناس ارشد حسابداری دانشگاه مازندران
4 - کارشناس ارشد حسابداری دانشگاه آزاد اسلامی واحد اراک

Received: 2015-05-07 Accepted : 2015-05-07 Published : 2013-11-22

Keywords: Corporate governance, Voluntary Disclosure, Ownership Structure, Outside Directors,

Abstract :

Voluntary disclosure and corporate governance, as considerable issues in a world wide scale, requires moreattention in the scientific and research communities of our country. So this study tries to reviewand examine the relationship between them. In the model discussed, the corporate governance mechanisms are including Ownership structure and board composition. Ownership structure specified by managerial ownership, major shareholder and governmental ownership. Composition of board measuredby ratio of outside directors. Voluntary disclosure index is summarized based on previous researches. According to research results, decreasing in the level of managerial ownership and increasing in the percentage of major shareholders ownership is associated with an increasing in the level of voluntary disclosure. While there is no significant relationship between governmental ownership with voluntary disclosure.

References:

 

آذر، عادل و منصور مؤمنی،(1385)، "آمار و کاربرد آن در مدیریت"(جلد دوم)، تهران، انتشارات سمت.

کاشانی پور، محمد، علی رحمانی و سیدمهدی پارچینی پارچین،(1388)، "رابطه بین افشای اختیاری و مدیران غیرموظف"، فصلنامه بررسی‌های حسابداری و حسابرسی، 16(57)، ص 85 الی 100.

Akhtaruddin, M. , Hossain, M. A. , Hossain, M. , & Yao, L. ,(2009), "Corporate Governance and Voluntary Disclosure in Corporate Annual Reports", Journal of Applied Management Accounting Research(Jamar), 7)1(,1-19.

Ashiq, A. , Tai-Yuan, C. , & Radhakrishnan, s. ,(2007), "Corporate Disclosures by Family Firms", Journal of Accounting and Economics, 44, 238-286.  

Beak, H. Y. , Darlene, R. J. , & Joung, W. K. ,(2009), "Managerial Ownership, Corporate Governance, and Voluntary Disclosure", Journal of Business & Economic Studies, 15)2(, 44-61.

Ben-Amar, W. , Bowenovi, et Ameur,(2008), "Corporate Governance Disclosure Transparency in Canada", Comptabilite Controle Audit Tome, 1, 169-190.

Berglof, E. , and Pajuste, A. ,(2005),"What Do Firms Disclose and Why?Enforcing Corporate Governance and Transparency in Central and Eastern Europe", Oxford Review of Economic Policy, 21)2(,178-197.

Boesso, G. , and Kumar, K. ,(2006), "Drivers of corporate voluntary disclosure", Accounting, Auditing & Accountability Journal, 20(2), 269-296.

Chau, G. K. , and Gray, S. J. ,(2002), "Ownership structure and corporate voluntary disclosure in Hong Kong and Singapore", The International Journal of Accounting, 37(2), 247-265.

Cheng, Eugene C. M. , and Courtenay, S. M. ,(2006), "Board Composition Regulatory Regime and Voluntary Disclosure", The International Journal of Accounting, 41(3), 262-289.

Darus, F. , Taylor, D. , and Othman, S. ,(2008), "Proprietary Cost, Ownership Structure and Credibility of Voluntary Disclosure", The Business Review, Cambridge, 10(2), 343-349.

Eng, L. L. and Mak, Y. T. ,(2003), "Corporate governance and voluntary disclosure", Journal of Accounting and public policy, 22, 325-345.

Ho, Simon, S. M. and Wong, K. S,(2001), "A Study of the Relationship between Corporate Governance Structures and the Extent of Voluntary Disclosure", Journal of International Accounting, Auditing and Taxation, 10(2), 139-156.

Labelle,R. ,(2002),"The Statement of Corporate Governance Practice:Voluntary Disclosure and Corporate governance Perspective", Governance and Forensic Accounting, 1-35.

Lakhal, F. ,(2005), "Voluntary Earnings Disclosures and Corporate Governance: Evidence France", Rewiew of Accounting & Finance, 4(3), 64-85.

Miihkinen, A. ,(2008), "Efficiency of Authoritative Disclosure Recommendations: Evidence IFRS transition disclosure in Finland", Journal of Financial Regulation and Compliance, 16(4), 384-413.

Patelli, L. and Prencipe, A. ,(2007), "The Relationship Between Voluntary Disclosure and Independent Directors in the Presence of a Dominant Shareholder", Journal of European Accounting Review, 16(1), 5-33.

Premuroso, R. F. , Bhattacharya, S. ,(2008), "Do early and voluntary filers of financial Information in XBRL format signal superior corporate governance and operating performance?", International Journal of Accounting Information Systems, 9, 1-22.

Tsamenyi, M. , Enninful-Adu, E. , & Onumah, J. ,(2007),"Disclosure and Corporate governance in developing countries: evidence Ghana", Managerial Auditing Journal, 22(3), 319-334.

Wan, H. , Wan, N. ,(2009),"The impact of family-firm structure and board composition on corporate transparency: Evidence based on segment disclosures in Malaysia", The International Journal of Accounting, 1-21.

Wee Goh, B. , Ng, J. , Yong, K. O. ,(2008), "Corporate Governance and Liquidity: An Exploration of Voluntary Disclosure, Analyst Coverage and Adverse ion as Mediating Mechanisms", November 27, 2008, Electronic copy available at: http://ssrn. com.

Meek, G. K. , Roberts, C. B. , Gray, S. ,(1995), "Factors influencing voluntary annual report disclosures by US, UK and Continental European multinational corporations". Journal of International Business Studies, 26(3), 555–572.