IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Determinants of the Extent of Voluntary Disclosure in the Annual Reports of the Tunisian Firms

Listed author(s):
  • Raida CHAKROUN


    (High Institute of Business Administration, University of Sfax, Tunisia)

  • Hamadi MATOUSSI

    (High Institute of Accounting and Administration, University of Manouba, Tunisia)

The main purpose of this paper is to analyze the interactions between the external and internal mechanisms of governance and voluntary disclosure in the annual reports (external mechanism of governance) in the Tunisian emerging market. Our investigation is specifically about the study of the direct links between the regulatory reform, competition on the market of goods and services, ownership structure, composition of the board of directors, and the extents of voluntary disclosure in the annual reports either closely linked to mandatory disclosure or not. We conducted our statistical analysis on a sample of Tunisian listed firms of the non-financial sector of 144 observations (firm-years) during the period 2003-2008. The results of this study show that the firms of our sample tend to disclose voluntary information closely linked to mandatory disclosure rather the one not closely linked. Moreover, the results provide a strong support that both indexes of voluntary disclosure (closely linked to mandatory disclosure and the one not closely linked) are affected by the external and internal mechanisms of governance. Specifically, governance mechanisms sometimes represent substitutes and sometimes complements to both measures of the voluntary disclosure extents. Nevertheless, we find that the impacts of the institutional and managerial ownership on the extent of both the voluntary disclosure not closely linked to mandatory disclosure and the one closely linked are similar. However, the effects of the other variables are different either in significance, in sign, or in magnitude.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies in its journal Journal of Accounting and Management Information Systems.

Volume (Year): 11 (2012)
Issue (Month): 3 (September)
Pages: 335-370

in new window

Handle: RePEc:ami:journl:v:11:y:2012:i:3:p:335-370
Contact details of provider:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ami:journl:v:11:y:2012:i:3:p:335-370. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Cristina Tartavulea)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.