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Corporate Governance and Voluntary Disclosures: A Story about Corporate Transparency from Indonesia

Cahaya, Fitra Roman and Yoga, Gunadi (2020) 'Corporate Governance and Voluntary Disclosures: A Story about Corporate Transparency from Indonesia.' International Journal of Monetary Economics and Finance, 13 (3). ISSN 1752-0479

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Abstract

This study examines the impacts of corporate governance attributes on Indonesia Stock Exchange (IDX) listed companies' voluntary disclosures. Year-ending 2012 annual report disclosures of 100 IDX listed companies are analysed using a disclosure index. The results show a low level of voluntary disclosures (25.97%). The regression analysis shows that board size is a positive and significant predictor of voluntary disclosure practices. Agency theory thus partially explains the variability of these disclosure practices. Older companies also provide more disclosures. It is implied that the number of commissioners determines the strength of the board of commissioners in pushing the board of directors to be more transparent. Thus, to be more informed, international investors should invest their money in older companies having a greater number of commissioners.

Item Type: Article
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Elements
Date Deposited: 09 Sep 2020 12:45
Last Modified: 28 Jul 2021 01:00
URI: http://repository.essex.ac.uk/id/eprint/28138

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