Corporate disclosure determinants: a cross-country investigation

Vincenzo Farina

MPRA Paper from University Library of Munich, Germany

Abstract: The wave of bankruptcies that have followed one upon the other in recent years as the consequence of financial scandals and the integration among the financial systems of various countries have given rise to a search for mechanisms suitable for protecting investors and regulating growing capital flows. More and more frequently, scholars are looking upon the disclosure as a very important tool within the context of the said mechanisms. The factors affecting the actual disclosure levels are analyzed through an empirical verification based on data relative to a sample of 45 countries. The initial evidence suggests that disclosure is affected both by the efficiency in the application of the judicial procedures and by factors directly connected with the national culture.

Keywords: Corporate Disclosure; Judicial Enforcement; National Culture (search for similar items in EconPapers)
JEL-codes: K40 M14 (search for similar items in EconPapers)
Date: 2005
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Related works:
Chapter: Corporate Disclosure Determinants: A Cross-Country Investigation (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5676

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