Ownership Structure and Corporate Voluntary Disclosure

The International Journal of Accounting 37 (2002) 247 265 Ownership social organisation and corporate voluntary disclosure in Hong Kong and capital of Singapore Gerald K. Chaua, Sidney J. Grayb,* b Hong Kong Polytechnic University, Hong Kong, china School of International Business, University of New South Wales, Quadrangle Building, Sydney, NSW 2052, Australia a sneak Drawing on prior empirical research base on disclosure behavior in developed western markets, this study examines the association of ownership structure with the voluntary disclosures of listed companies in the Asian settings of Hong Kong and Singapore. An analysis of annual reporting practices shows that the extent of outdoor(a) ownership is positively associated with voluntary disclosures. In particular, the results also guide that the level of information disclosure is likely to be slight in insider or family-controlled companies, a signifi gitt feature of the Hong Kong and Singapore stock markets. D 2002 University of Illinois. All rights reserved. Keywords: Voluntary disclosures; Agency hypothesis; Hong Kong; Singapore 1. Introduction Corporate voluntary disclosure has been the focus of an change magnitude amount of attention in recent years.

Such disclosures can be defined as disclosures in excess of requirements, representing drop off choices on the part of company managements to provide accounting and separate information deemed relevant to the decision needs of users of their annual reports (Meek, Roberts, & Gray, 1995, p. 555). Studies in this area have mainly focused on the disturb of company characteristics on the extent of voluntary disclosure. Understanding why * correspond author. Tel.: +61-2-9385-6442; fax: +61-2-9385-6440. E-mail address: s.gray@unsw.edu.au (S.J. Gray). 0020-7063/02/$ see front depend D 2002 University of Illinois. All rights reserved. PII: S 0 0 2 0 - 7 0 6 3 ( 0 2 ) 0 0 1 5 3 - X 248 G.K. Chau, S.J. Gray / The International Journal of Accounting 37 (2002)... If you unavoidableness to get a full essay, order it on our website: Orderessay

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