The Impact of Firm Characteristics on the Level of Voluntary Disclosure: Evidence from Listed Banks in Borsa Istanbul

Ali Altug Bicer and Isam Abdelhafid A. Milad
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Ali Altug Bicer: Accounting and Auditing Department, Istanbul Commerce University, Istanbul, Turkey
Isam Abdelhafid A. Milad: Accounting Department, Higher Institute of Administrative and Financial Sciences, Benghazi, Libya

International Journal of Finance & Banking Studies, 2020, vol. 9, issue 2, 13-25

Abstract: This study aims to examine the impact of some bank characteristics (age, size, profitability and leverage) on the extent of voluntary disclosure in annual reports of listed banks in Borsa Istanbul. All (13) listed banks represent the sample of the study. The study adopted the deductive approach by developing hypotheses based on the relevant theories and results of prior studies. The study also applied the panel data strategy to analyze the collected data from annual reports across five years (2013-2017). The results indicated that there is a positive relationship between each bank characteristic (age, size, profitability and leverage) and the level of voluntary disclosure. The results also show that profitability has a big impact on the level of voluntary disclosure followed by leverage, whereas, age and size have a small effect.There are a few studies on the extent of voluntary disclosure and its relationship with firm characteristics during a number of years (longitudinally) especially in the banking sector of developing countries, hence, it is expected that this study will provide evidence to clarify such relationship in Turkishbanking sector. Therefore, the research in this field is required to confirm or disprove the findings of prior studies.

Keywords: Voluntary Disclosure; Firm Characteristics; Feasible Generalized Least Squares (FGLS) Regression (search for similar items in EconPapers)
Date: 2020
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