Voluntary Disclosure Research Articles

Self-regulation and self-presentation in sustainability reporting: Evidence from firms' voluntary water disclosure

Self-regulation and self-presentation in sustainability reporting: Evidence from firms' voluntary water disclosure

The impact of disclosure characteristics of conference calls on bankruptcy risk: From perspectives of redundancy and boilerplate

In recent years, the volatility of global financial markets has attracted widespread attention, particularly due to numerous bank bankruptcies it has triggered. This gradual realization underscores the critical importance of adequate information disclosure for a company’s stable operation. Conference call represent a significant form of voluntary information disclosure by businesses. This paper aims to study the impact of redundancy and boilerplate in conference call on a company’s bankruptcy risk. By quantifying redundancy and boilerplate indicators in conference call textual data as explanatory variables and employing Altman’s Z-score model to measure a company’s bankruptcy risk as the explained variable, the study utilizes a fixed-effects model for regression analysis and conducts robustness tests on the model. The final research findings indicate that lower redundancy and higher boilerplate in conference call documents are conducive to reducing a company’s bankruptcy risk, thereby aiding companies in achieving long-term, stable operational status. These research results hold significant reference value for investors and corporate managers in the financial market, providing insights into enhancing corporate stability and market trust through improved methods of telephone conference information disclosure.

Does Voluntary Climate Risk Disclosure Mitigate or Induce Perceived Information Uncertainty? Evidence from CDP’s Effect on Bid-Ask Spreads

Does Voluntary Climate Risk Disclosure Mitigate or Induce Perceived Information Uncertainty? Evidence from CDP’s Effect on Bid-Ask Spreads

Effect of Board Size and Board Meeting Frequency on Environmental Disclosure of Listed Manufacturing Firms in Nigeria

In contemporary times the environment is more threatened now than ever before as evidenced by increased pollution, emission, degradation, deforestation, and other climate change effects leading to high mortality rate as a relation of deadly diseases across the globe. There fore the study examined effect of board size and board meeting frequency on environmental disclosure of listed manufacturing firms in Nigeria covering the period of ten (10) year 2013-2022. The study adopted ex-post facto research design and secondary data was used for analysis which was obtained from Nigerian Exchange Group. Panel regression analysis technique was used to analyse the research data. The result showed that board size has a positive and significant effect on environmental disclosure of manufacturing firms in Nigeria while board meeting frequency has a negative significant effect on environmental disclosure of manufacturing firm in Nigeria. The study therefore concludes that board size and board meeting frequency has significant effect on environmental disclosure of manufacturing firm in Nigeria. The study recommend that management of manufacturing firm maintain the maximum number of directors that a company can have on its board which will not decline the extent of voluntary and transparent environmental disclosure. These bodies should equally ensure that the maximum number to establish should capture the necessary expertise needed for the effective and efficient running of the business because of the positive effect.

Is Tone in Voluntary Disclosure Credible?

Is Tone in Voluntary Disclosure Credible?

How Labor Unions affect Corporate Environmental and Social Voluntary Disclosures: Theory and Evidence

How Labor Unions affect Corporate Environmental and Social Voluntary Disclosures: Theory and Evidence

Has the Voluntary Disclosure Program Run Optimally? Insights from a Primary Tax Office in Wates

This research aims to increase taxpayer compliance with the voluntary disclosure program and to determine whether the voluntary disclosure program carried out by the Pratama Wates Tax Office is running optimally. The data used in this research were the results of interviews with 16 respondents: taxpayers, extension teams, and account representatives, as well as 32 respondents from taxpayer questionnaires. The data analysis technique used qualitative methods to analyze the level of taxpayer compliance with the voluntary disclosure program. The research results show that ways to improve this voluntary disclosure program can be achieved through socialization, sanction, and knowledge, so intense and comprehensive socialization and more emphasis on sanction and program benefits must be emphasized. High tariff sanctions will give taxpayers a sense of fear and deterrence so that taxpayers will be more compliant. Taxpayers’ knowledge must always be explored in various ways, such as regular outreach and providing comprehensive and even information. This is implied by the installation of billboards, appeal letters, special consultation places, potential stands, and distribution via email, WhatsApp, and Instagram. The voluntary disclosure program carried out by Pratama Wates Tax Office has been running less than optimally.

Firm-Value Effect and Voluntary Disclosure Tendency under K-ETS

Firm-Value Effect and Voluntary Disclosure Tendency under K-ETS

Mandatory Disclosure of Sustainability Versus Voluntary Disclosure in the Iraqi Environment

The research aimed to study the mandatory disclosure of environmental and economic sustainability information by focusing on the usefulness of the information disclosed by economic units, and on the decision-making process. A targeted sample of academics and specialized professionals was taken. To reach the results, a questionnaire was designed according to the five-point Likert scale, consisting of fifteen questions. 125 questionnaire forms were distributed, and 103 valid answers were obtained.

Estrutura do conselho de administração como mecanismo para atingir a Agenda 2030 na América Latina

Abstract This study aims to investigate the effect of board structure on companies’ engagement with the Sustainable Development Goals (SDGs). The characteristics of the board of directors related to the size of the board, independence, and diversity were analyzed, as well as the disclosure of the 17 SDGs of 371 companies headquartered in Latin America from 2016 to 2020. The data were analyzed using data regression in a panel with fixed effects and regression of panel data using the logit method. Research findings showed that board size and board independence have a positive effect on SDG disclosure. The results are in line with the Upper Echelons Theory, as it advocates that the company’s strategic choices and positioning are made by senior management - the members of the board of directors. The research expands the explanation of this theory, confirming that top management is crucial for strategic positioning in environmental and social issues. Managers and shareholders must understand that certain features, such as the social responsibility committee and the preparation of a sustainability report, can also contribute to the 2030 Agenda. At the government level, the results are useful for public policy makers, as they can encourage the creation of norms for the voluntary disclosure of environmental and social information.

Extent and determinants of voluntary disclosure: an empirical study of Indian private sector banks

Extent and determinants of voluntary disclosure: an empirical study of Indian private sector banks

Unveiling the Motivations Behind Malaysian Taxpayer Participation in Voluntary Disclosure Programme

In the pursuit of enhanced tax compliance, voluntary disclosure programmes (VDP) serve as valuable tools when executed effectively. This study delves into tax professionals’ perspectives on factors influencing taxpayer participation in Malaysia’s VDP when first introduced in 2015 to boost revenue and compliance. This survey of 135 tax practitioners from prominent firms in Johor Bahru and Kuala Lumpur sheds light on critical VDP participation drivers. The findings indicate that the VDP’s success hinges on several factors. Foremost among these is the size of penalty reduction, which holds the greatest sway in motivating participation. Following closely is the apprehension of further audits, while fear of detection and punishment ranks third. The efforts made by the Inland Revenue Board of Malaysia in promoting the VDP emerge as the fourth significant driver. This study, among the first to explore VDP implementation in Malaysia, anticipates inspiring future research and policy refinements in the realm of tax compliance.

Nexus between integrated reporting and firm value: A systematic literature review

The objective of this manuscript is to review the existing literature regarding integrated reporting (IR), focusing on theories, factors influencing it and its outcomes, and the methodologies adopted. The review encompasses a total of 27 studies conducted between 2006 and 2023. Following the earlier studies, four significant steps, i.e., searching for relevant studies, applying inclusion/exclusion criteria, applying methodological review protocol and finally synthetizing the protocol has been used to collect the relevant studies. The findings of the present study indicate that the majority of previous studies have relied on quantitative research methods and secondary data sources. Moreover, only two studies Boshnak (2022) and Alyousef and Alsughayer (2021) have considered both financial and non financial disclosures which represent the features of IR. The findings of the present study also identified firm size, leverage, the degree of government ownership, the degree of family ownership, firm profitability, audit firm size, and firm age as the determinants of corporate social and environmental voluntary disclosure. Moreover, the finding also indicated that among all the theories that contribute to IR, only agency theory, resource based theory, legitimacy theory and stakeholder theory were mostly considered by the previous studies.

Red Tape or Transparency: How Regulation Shapes Information Asymmetry and Corporate Voluntary Disclosure

Red Tape or Transparency: How Regulation Shapes Information Asymmetry and Corporate Voluntary Disclosure

Technology Coopetition and Voluntary Disclosures of Innovation

Technology Coopetition and Voluntary Disclosures of Innovation

O disclosure de escândalos socioambientais e a reputação corporativa

ABSTRACT This research aimed to investigate the use of neutralization of disclosure of socio-environmental scandals and its relationship with corporate reputation. No studies were found observing the strategies and motivations of socio-environmental disclosure from a theoretical lens like the literature on neutralization techniques. This study sought its relevance by investigating the disclosure and reputation maintenance strategies used by companies involved in national socio-environmental scandals, identifying various paths for information neutralization, guided by the origin of each case and business motivations, in addition to highlighting empirical findings that stimulate the advance in research on neutralization techniques in corporate reports. The aim is to assist students and researchers by providing new evidence for corporate processes that involve socio-environmental disclosure strategies and reputational management. As well as contribute to ensuring that stakeholders see voluntary socio-environmental information better and in a well-founded manner, seeking to qualify decision-making. Corporations involved in the main national socio-environmental scandals between 2014 and 2021 were analyzed. This is an exploratory and quali-quantitative study, with content analysis and statistical tests to investigate socio-environmental scandals. Neutralization techniques were identified in information from voluntary corporate reports by companies involved in socio-environmental scandals. In addition to finding a positive correlation between neutralized disclosure and the reputation of these companies in the year the scandal took place and in the year after, there was also an increased use of techniques after the event. We hope to contribute to the literature by proposing the insertion of neutralization techniques in the investigation of strategies involving voluntary disclosure and corporate reputation. With a practical approach, we seek to build a rather critical view regarding voluntary reports and business mechanisms that may disqualify the information contained in them.

The Role of Voluntary Disclosure in Raising the Value of Industrial Companies Listed on the Amman Stock Exchange

The Role of Voluntary Disclosure in Raising the Value of Industrial Companies Listed on the Amman Stock Exchange

Artificial Intelligence Firms' Voluntary Disclosure for Estimated Nonrevenue Warranties: A Perspective for an Effective Probability Approach to Reliability and Risk Avoidance

Artificial Intelligence Firms' Voluntary Disclosure for Estimated Nonrevenue Warranties: A Perspective for an Effective Probability Approach to Reliability and Risk Avoidance

기업의 정보보호 수준과 감사노력과의 관련성에 관한 연구

[Purpose]Recently, the importance of information protection has been emerged with the increasing number of cases of cyber security incidents toward companies. In this study, we examine whether there is relevant implication to the input of additional audit efforts from the auditor’s point of view, whose work includes checking additional efforts invested by companies to improve the level of information protection by linking them with internal control risks. [Methodology]A regression analysis was conducted based on a sample constructed from TS2000 and the information security disclosure portal sites. [Findings]Results of the study show that there is a positive (＋) relationship between the level of information protection (investment amount, manpower) and audit effort (fee, hour). In addition, there is a positive (＋) relationship between information protection investment per person and audit effort, but the higher amount of information protection investment among the amount of technology investment might influence relationship, which reminded us of the need to appropriately consider the size of investment and the size of manpower in information security. [Implications]This study contributes by suggesting that it is possible to study the accounting aspect in the field of information protection and, at the same time, contributes to the expansion of related literature. In addition, by selecting information protection rather than external intrusion (hacking) as a substitute for cyber security, it is differentiated from previous studies by showing that it is possible to identify a relatively small sample to conduct empirical tests. However, since the mandatory information security disclosure system is in its infancy and the sample was selected based on compulsory disclosure and voluntary disclosure, it did not cover the entire industry and various sizes of companies, so care must be taken in interpreting the results.

The Role of External Assurance in Moderating the Effect of Sustainability Reporting Quality on Firm Value

This quantitative research aims to examine the role of external assurance in moderating the effect of sustainability reporting quality on firm value in all companies listed on the Indonesia Stock Exchange in 2018-2022. This study uses purposive sampling to determine the research sample so that 27 companies that meet the criteria are obtained. Data analysis was carried out with the Moderated Regression Analysis (MRA) model using IBM SPSS. The results found that the sustainability reporting quality indicated by the disclosure of sustainability reporting has a positive effect on firm value because the more items disclosed, the higher the sustainability reporting quality which has an impact on increasing firm value. Then this study found that external assurance does not moderate the effect of sustainability reporting quality and firm value because there are still several influencing factors. The results of this study contribute empirically that companies still have to improve the sustainability reporting quality through more voluntary disclosures to increase firm value, even though the existence of external assurance in sustainability reporting has not been considered by investors.