The impact of corporate governance and ownership structure on voluntary disclosure in annual reports of Saudi listed-firms
Other Title(s)
أثر حوكمة الشركات و هيكل الملكية على الإفصاح التطوعي في الشركات السعودية المساهمة
Author
Source
Issue
Vol. 13, Issue 1 (30 Jun. 2014)40 p.
Publisher
Publication Date
2014-06-30
Country of Publication
Saudi Arabia
No. of Pages
40
Main Subjects
Financial and Accounting Sciences
Abstract EN
Purpose: This study deepens our understanding of the relationship between Corporate Governance (CG) and Voluntary Disclosure (VD) and examines if different ownership structures affect VD in Saudi Arabia, a developing country that suffers from a shortage of studies in this research area.
Methodology: We ran a multiple regression model to examine a sample of 361 firm-year observations between 2007 and 2011.
We used manual content analysis and a checklist consisting of 54 VD items to analyze the content of annual reports and determine the VD score.
Findings: We find that the average value of VD level is 35%, while the data analysis provides empirical evidence on the positive impact of board independence, audit committee activity, family ownership, and state ownership on VD.
However, a statistically insignificant correlation is found for role duality and institutional ownership.
Furthermore, larger, older, highly leveraged, and highly profitable firms are found to voluntarily disclose information more than others.
Originality/value: This study is of interest to policy makers and regulators.
Our findings imply that an effective CG system, characterized by a high level of board independence and an active audit committee, and ownership structures, characterized
American Psychological Association (APA)
al-Habbash, Murya Sad. 2014. The impact of corporate governance and ownership structure on voluntary disclosure in annual reports of Saudi listed-firms. Accounting Research،Vol. 13, no. 1.
https://search.emarefa.net/detail/BIM-782358
Modern Language Association (MLA)
al-Habbash, Murya Sad. The impact of corporate governance and ownership structure on voluntary disclosure in annual reports of Saudi listed-firms. Accounting Research Vol. 13, no. 1 (2014).
https://search.emarefa.net/detail/BIM-782358
American Medical Association (AMA)
al-Habbash, Murya Sad. The impact of corporate governance and ownership structure on voluntary disclosure in annual reports of Saudi listed-firms. Accounting Research. 2014. Vol. 13, no. 1.
https://search.emarefa.net/detail/BIM-782358
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references.
Record ID
BIM-782358