Citation | Type of Disclosure | Sample | Variables | Methodology | Results - Variables or Factors That Influence the Level of Disclosure |
Singhvi, 1968; Singhvi and Desai, 1971; Buzby, 1975; Stanga, 1976 | general disclosure | 40 - 155 companies | Size, industry, rate of return, earnings margin, audit firm, type of management, number of stockholders, listing status | disclosure index; univariate/multivariate regressions | Size, industry, management, number of stockholders, listing status, |
Firth, 1979; McNally et al., 1982; Firth, 1984; | voluntary disclosure | 52 - 180 companies | size, rate of return, growth, audit firm, industry, listing status; Corporate governance, cultural and firm-specific | disclosure index; univariate | size, listing status, industry |
Tai et al., 1990; Wallace and Nasser 1995; Owusu-Ansah, 1998. | mandatory disclosure | 28 - 84 companies | Independent non-executive directors, family control, profitability, leverage, size, audit firm, ownership, age, multinational affiliation, profitability, industry, liquidity | disclosure index; OSL | Multinationality, accountant’s qualification, size |
Cooke, 1989a; Cooke 1992; | voluntary and mandatory disclosure | 35 - 138 companies | Listing status, parent company relationship size, number of shareholders, Cultural, legal, Culture, national, financial systems | multivariate/liniar regressions | Common law, culture |
Williams, 2001
| * voluntary environmental and social disclosure | 356 companies | Culture, political and civil system, legal system, level of economic development, | Content analysis (number if sentences); 3 linear regressions | Uncertainty avoidance, masculinity, political and civil systems |
Gray et al., 2001
| * social and environmental disclosure | 100 companies | Profit, turnover, capital employed, industry classification, number of employees | 8 measures of disclosure (CSEAR Social and Environmental Disclosure Database; O.L.S regressions | not relevant |