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Voluntary disclosure in Malaysian corporate annual reports: views of stakeholders

Voluntary disclosure in Malaysian corporate annual reports: views of stakeholders Purpose – The purpose of this paper is to identify “qualitative” factors influencing voluntary information disclosure in annual reports. Design/methodology/approach – Semi‐structured interviews were held with twenty‐seven market participants in Malaysia to elicit opinions on issues related to voluntary information disclosure. Findings – Analysis of interview responses revealed that factors influencing voluntary disclosure in annual reports include the quality of management, gaining analyst trust and promoting company shares, good news versus bad news, the existence of other channel of communication, governance structure and market forces. Research limitations/implications – Some of the “qualitative” factors identified do not appear to be totally independent from one another. Further work using factor analysis can be an avenue for future research on accounting disclosure. Practical implications – The results also suggest that some companies may be willing to share information to selected interested parties such as analysts during private meetings rather than in a public document such as the annual report. Thus disclosure in a corporate annual report should not be taken as a conclusive measure of a company's extent of voluntary reporting. Originality/value – This paper is one of few studies which adopts an interview approach to identify “qualitative” factors influencing voluntary information disclosure in annual reports. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Responsibility Journal Emerald Publishing

Voluntary disclosure in Malaysian corporate annual reports: views of stakeholders

Social Responsibility Journal , Volume 4 (4): 13 – Oct 3, 2008

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References (47)

Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1747-1117
DOI
10.1108/17471110810909902
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to identify “qualitative” factors influencing voluntary information disclosure in annual reports. Design/methodology/approach – Semi‐structured interviews were held with twenty‐seven market participants in Malaysia to elicit opinions on issues related to voluntary information disclosure. Findings – Analysis of interview responses revealed that factors influencing voluntary disclosure in annual reports include the quality of management, gaining analyst trust and promoting company shares, good news versus bad news, the existence of other channel of communication, governance structure and market forces. Research limitations/implications – Some of the “qualitative” factors identified do not appear to be totally independent from one another. Further work using factor analysis can be an avenue for future research on accounting disclosure. Practical implications – The results also suggest that some companies may be willing to share information to selected interested parties such as analysts during private meetings rather than in a public document such as the annual report. Thus disclosure in a corporate annual report should not be taken as a conclusive measure of a company's extent of voluntary reporting. Originality/value – This paper is one of few studies which adopts an interview approach to identify “qualitative” factors influencing voluntary information disclosure in annual reports.

Journal

Social Responsibility JournalEmerald Publishing

Published: Oct 3, 2008

Keywords: Voluntary actions; Annual reports; Interviews; Malaysia; Quality management; Meetings

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