The Determinants of Corporate Voluntary Disclosure: Evidence from the Tunisian Capital Market

Mohamed Chakib Kolsi

The IUP Journal of Accounting Research and Audit Practices, 2012, vol. XI, issue 4, 49-68

Abstract: The recent financial corporate scandals highlighted the role of accounting disclosure in misleading investors. While factors affecting voluntary disclosure policy in developed countries are well documented, little evidence is provided about those affecting such disclosure in emerging economies. The aim of this paper is to examine some determinants of voluntary disclosure policy adopted by a sample of Tunisian listed firms. By computing a disclosure index and running a multivariate regression analysis, our results show that firm leverage, audit quality, financial sector and profitability ratio are significant determinants of voluntary disclosure policy adopted by Tunisian firms. These results can be explained by the crucial role played by banks in financing the Tunisian economy. Contrary to our predictions, both ownership structure and firm size seem to have no effect on disclosure policy, since Tunisian firms are characterized by concentrated ownership structure with a family character and homogenous size on an average.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (5)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjar:v:11:y:2012:i:4:p:49-68

Access Statistics for this article

More articles in The IUP Journal of Accounting Research and Audit Practices from IUP Publications
Bibliographic data for series maintained by G R K Murty ().