The Association Between The Firm Characteristics And Corporate Mandatory Disclosure The Case Of Greece

Citations Over TimeTop 10% of 2011 papers

Abstract

The main thrust of this paper is to assess the level of disclosure in the annual reports of non-financial Greek firms and to empirically investigate the hypothesized impact of several firm characteristics on the extent of mandatory disclosure. A disclosure checklist consisting of 100 mandatory items was developed to assess the level of disclosure in the 2009 annual reports of 43 Greek companies listed at the Athens stock exchange. The association between the level of disclosure and some firm characteristics was examined using multiple linear regression analysis. The study reveals that Greek companies on general have responded adequately to the mandatory disclosure requirements of the regulatory bodies. The findings also indicate that firm size was significant positively associated with the level of disclosure. The remaining variables such as age, profitability, liquidity, and board composition were found to be insignificant in explaining the variation of mandatory disclosures. The outcome of this study is undoubtedly of great concern to the investment community at large to assist in evaluating the extent of mandatory disclosure by Greek firms and explaining the variation of disclosure in light of firm-specific characteristics.

Related Papers

• → The influence of company characteristics and accounting regulation on information disclosed by Spanish firms(1997)805 cited
• → The Relationship Between the Comprehensiveness of Corporate Annual Reports and Firm Characteristics in Spain(1994)785 cited
• → Firm-specific determinants of the comprehensiveness of mandatory disclosure in the corporate annual reports of firms listed on the stock exchange of Hong Kong(1995)778 cited
• → Corporate mandatory disclosure practices in Bangladesh(2005)351 cited