Association between firm characteristics and corporate voluntary disclosure: evidence from Turkish listed companies

By Ali Uyar, Merve Kılıç, Nizamettin Bayyurt. 2013

149 citations recorded by the source corpus.

Purpose: This paper empirically investigates the factors that impact voluntary information disclosure level of Turkish manufacturing companies listed in the Borsa Istanbul (BIST). Design/methodology/approach: The data collection methodology of the study is content analysis of annual reports of the corporations listed on the BIST for the year 2010. In order to analyze the results, we employed Ordinary Least Square (OLS) and Two-Stage Least Squares (2SLS) regressions to examine the association between the explanatory variables and voluntary disclosure level. Findings: The findings provide evidence of a positive association between voluntary information disclosure level and the variables such as firm size, auditing firm size, proportion of independent directors on the board, institutional/corporate ownership, and corporate governance. However, leverage and ownership diffusion were found to have negative significant association with the extent of voluntary disclosure. The remaining variables, namely, profitability, listing age, and board size were found to be insignificant. Research limitations/implications: The study has got some implications for emerging markets particularly. Voluntary disclosure contributes to alleviate the agency

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a498d9000019d584f52a5596eb01c7b86c3ed585

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Cemil Kuzey
2. S. Senaratne
3. T. Cooray
4. A. Gunarathne
5. Merve Kılıç

In Strategy and Management

1. Cemil Kuzey
2. Merve Kılıç
3. S. Senaratne
4. T. Cooray
5. A. Gunarathne

Citations in the corpus

• Determinants of forward-looking disclosures in integrated reporting (2018, background): “This result is consistent with that reported by Cheng and Courtenay (2006), Elzahar and Hussainey (2012), Uyar et al. (2014) and Kiliç et al. (2015), who documented an insigni fi cant association between board size and company disclosures.”
• Does Corporate Governance Affect the Quality of Integrated Reporting? (2020, background): “Quality is a broad concept and the quality of “something” can be measured comparatively.”