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

Author

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  • Raida CHAKROUN

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

  • Hamadi MATOUSSI

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

Abstract

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.

Suggested Citation

  • Raida CHAKROUN & Hamadi MATOUSSI, 2012. "Determinants of the Extent of Voluntary Disclosure in the Annual Reports of the Tunisian Firms," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 11(3), pages 335-370, September.
  • Handle: RePEc:ami:journl:v:11:y:2012:i:3:p:335-370
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    Cited by:

    1. repec:taf:oaefxx:v:3:y:2015:i:1:p:1090944 is not listed on IDEAS
    2. Ayman Haddad & Wasim AlShattarat & Naser AbuGhazaleh & Haitham Nobanee, 2015. "The impact of ownership structure and family board domination on voluntary disclosure for Jordanian listed companies," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 5(2), pages 203-234, December.
    3. repec:aud:audfin:v:15:y:2017:i:148:p:686 is not listed on IDEAS

    More about this item

    Keywords

    Voluntary disclosure; mandatory disclosure; annual reports; external mechanisms of governance; internal mechanisms of governance;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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