Firm- Specific Characteristics and Voluntary Disclosure Reporting: An Empirical Research on Listed Companies of Bangladesh

Mohammad Rakiv

doi:10.32602/jafas.2019.15

Abstract

Firm- Specific Characteristics and Voluntary Disclosure Reporting: An Empirical Research on Listed Companies of Bangladesh

Highlights

Voluntary disclosure in the annual reports and in other information media has been one of the rapidly growing research areas in the accounting field
Recent guidelines provided by the Financial Accounting Standards Board (FASB) have recommended companies to make these disclosures in the Management Discussion and Analysis section of the annual reports (Boesso & Kumar, 2007)
A total number of 120 observations were used to check the impact of company characteristics on voluntary disclosure reporting practices

Summary

Introduction

Voluntary disclosure in the annual reports and in other information media has been one of the rapidly growing research areas in the accounting field. The extent of voluntary disclosure is influenced by changes in the attitudes in society, economic factors and behavioral factors such as the particulars in corporate culture. Business Reporting Research Project (BRRP) by FASB defines voluntary disclosure as the information disclosed voluntarily by listed companies, but not the basic financial information that is required to be publicized by the widely acceptable accounting principles and the requirements of securities regulatory agencies. There is not enough research emphasizing the requirements for voluntary reporting and the association of it with the company related characteristics in Bangladesh. There has been a research gap to find out the underlying firm-specific characteristics that influences the voluntary reporting practices by the companies. This research has been conducted to put some light in that particular research question

Objectives

Results

Conclusion