Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran

The purpose of this paper is to examine the impact of corporate governance mechanisms on the extent of voluntary disclosure in annual reports of 213 companies listed in the Tehran Stock Exchange (TSE) for the period 1388 to 1389. In this study, to measure the level of voluntary disclosure in annual...

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Autores principales:	Rafik Baghoumian, Sajad Naghdi
Formato:	article
Lenguaje:	FA
Publicado:	Shahid Bahonar University of Kerman 2014
Materias:	corporate governance board characteristics ownership structure voluntary disclosure un-weighted index Accounting. Bookkeeping HF5601-5689
Acceso en línea:	https://doaj.org/article/87c7b71fa775487ba920e41530208808
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spelling	oai:doaj.org-article:87c7b71fa775487ba920e415302088082021-11-04T19:46:52ZImpact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran2008-89142476-292X10.22103/jak.2014.664https://doaj.org/article/87c7b71fa775487ba920e415302088082014-05-01T00:00:00Zhttps://jak.uk.ac.ir/article_664_e3f136a5c7e669d772280ffda3354f4b.pdfhttps://doaj.org/toc/2008-8914https://doaj.org/toc/2476-292XThe purpose of this paper is to examine the impact of corporate governance mechanisms on the extent of voluntary disclosure in annual reports of 213 companies listed in the Tehran Stock Exchange (TSE) for the period 1388 to 1389. In this study, to measure the level of voluntary disclosure in annual reports, an un-weighted disclosure index of 50 voluntary items has been used. We also used the Ordinary Least Squares (OLS) regression model to test the research hypotheses. The empirical results indicate that there is positive and statistically significant relationship between institutional ownership and voluntary disclosure. We did not find statistically significant relationships between the extent of voluntary disclosure and any of board characteristics, directors’ ownership, and block holders’ ownership. In fact institutional ownership is represented as the factor that causes firms to disclose information voluntarily. This study provides empirical evidence assisting regulators to enforce new policies to improve the quality of financial reporting.Rafik BaghoumianSajad NaghdiShahid Bahonar University of Kermanarticlecorporate governanceboard characteristicsownership structurevoluntary disclosureun-weighted indexAccounting. BookkeepingHF5601-5689FAمجله دانش حسابداری, Vol 5, Iss 16, Pp 119-136 (2014)
institution	DOAJ
collection	DOAJ
language	FA
topic	corporate governance board characteristics ownership structure voluntary disclosure un-weighted index Accounting. Bookkeeping HF5601-5689
spellingShingle	corporate governance board characteristics ownership structure voluntary disclosure un-weighted index Accounting. Bookkeeping HF5601-5689 Rafik Baghoumian Sajad Naghdi Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran
description	The purpose of this paper is to examine the impact of corporate governance mechanisms on the extent of voluntary disclosure in annual reports of 213 companies listed in the Tehran Stock Exchange (TSE) for the period 1388 to 1389. In this study, to measure the level of voluntary disclosure in annual reports, an un-weighted disclosure index of 50 voluntary items has been used. We also used the Ordinary Least Squares (OLS) regression model to test the research hypotheses. The empirical results indicate that there is positive and statistically significant relationship between institutional ownership and voluntary disclosure. We did not find statistically significant relationships between the extent of voluntary disclosure and any of board characteristics, directors’ ownership, and block holders’ ownership. In fact institutional ownership is represented as the factor that causes firms to disclose information voluntarily. This study provides empirical evidence assisting regulators to enforce new policies to improve the quality of financial reporting.
format	article
author	Rafik Baghoumian Sajad Naghdi
author_facet	Rafik Baghoumian Sajad Naghdi
author_sort	Rafik Baghoumian
title	Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran
title_short	Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran
title_full	Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran
title_fullStr	Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran
title_full_unstemmed	Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran
title_sort	impact of corporate governance attributes on voluntary disclosure: evidence from iran
publisher	Shahid Bahonar University of Kerman
publishDate	2014
url	https://doaj.org/article/87c7b71fa775487ba920e41530208808
work_keys_str_mv	AT rafikbaghoumian impactofcorporategovernanceattributesonvoluntarydisclosureevidencefromiran AT sajadnaghdi impactofcorporategovernanceattributesonvoluntarydisclosureevidencefromiran
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Impact of Corporate Governance Attributes on Voluntary Disclosure: Evidence from Iran

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