International Journal of Business Analytics and Intelligence

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

The Effect of Ownership Structure on Voluntary Discloser in Tehran Stock Exchange


Affiliations
1 Department of Accounting, Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
2 Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
     

   Subscribe/Renew Journal


This study aims to investigate the impact of ownership structure on voluntary discloser in financial reporting of firms listed in Tehran Stock Exchange (TSE). To do so, ownership structure is classified into three groups namely institutional, managerial, and corporate ownership. In addition, voluntary disclosure is determined through 30 indexes which have been applied by previous studies, making some modifications. Sample of the study includes 101 firms listed in TSE whose financial statements and board activity reports are studied during the period of 2009 to 2011. To test each hypothesis, regression model using SPSS software is used which led to a comprehensive multivariate regression. The results show that there a positive significant relationship between ownership structure components (institutional, managerial and corporate ownership) and voluntary discloser in financial reporting of firms listed in TSE.

Keywords

Ownership Structure, Voluntary Discloser, Institutional Ownership, Managerial Ownership, Corporate Ownership
Subscription Login to verify subscription
User
Notifications
Font Size


  • Al-Akra, M., & Hutchinson, P. (2012). Family Firm Disclosure and Accounting Regulation Reform in the Middle East: The case of Jordan. Research in Accounting Regulation, http://dx.doi.org/10.1016/j.racreg.2012.11.003.

  • Al-Akra, M., & Jahangir Ali, M. (2012). The Value Relevance of Corporate Voluntary Disclosure in the Middle-East: The Case of Jordan. J. Account. Public Policy, 31, 533-549.

  • Al Harun, A. (2011). Ownership Structure and Voluntary Disclosure in Annual Reports of Bangladesh, pak. J. commer.soc.sci. 5 (1), 129-139.

  • Baek, H., Johnson, D., & Joung, W. (2009). Managerial Ownership, Corporate Governance and Voluntary Disclosure. Journal of Business and Economic Studies, 15(2) 44-61.

  • Beasley, M.S. (1996). An Empirical Analysis of the Relation between the Board of Director Composition and Financial Statement Fraud. The Accounting Review, 71, 443-465.

  • Ben Ali, C. (2009). Disclosure Quality and Corporate Governance in a Context of Minority Expropriation Available at SSRN: http://ssrn.com/abstract=1406149 or http://dx.doi.org/10.2139/ssrn.1406149.

  • Boesso, G., & Kumar, K. (2007). Drivers of Corporate Voluntary Disclosure. Accounting, Auditing & Accountability Journal, 20(2), 269-296.

  • Botosan, C.A. (1997). Disclosure Level and the Cost of Equity Capital. The Accounting Review, 72 (3), 323-349.

  • Chaua, G., & Grayb, S. J. (2010). Family Ownership, Board Independence and Voluntary Disclosure: Evidence from Hong Kong, Journal of International Accounting, Auditing and Taxation, 19, 93–109.

  • Chen, S., Chen, X., & Cheng, Q. (2008). Do Family Firms Provide More or Less Voluntary Disclosure? Journal of Accounting Research, 46, 499-536.

  • Chobpichien, J. (2008). The Quality of Board of Directors, Ownership Structure and Level of Voluntary Disclosure of Listed Companies in Thailand. University Sains Malaysia, 1-42.

  • Florini A. M. (1999). Does the Invisible Hand Need a Transparency Glove? The Politics of Transparency. The Annual World Bank Conference on Development Economics, Washington D.C., 28-30.

  • Elsayed, M.O., & Hoque, Z. (2010). Perceived International Environmental Factors and Corporate Voluntary Disclosure Practices: An Empirical Study. The British Accounting Review, 42, 17-35.

  • Eng, L. L., & Mak, Y.T. (2003). Corporate Governance and Voluntary Disclosure. Journal of Accounting and Public Policy, 22, 325-345.

  • Esmaeelzadeh Mogari, A., & Ahmad Sherbafi, M. (2010). Voluntary Discloser and Its Relationship with Stock Return in Investment Firms, Quantities Studies in Management, 3(1), 69-82.

  • Gao, L., & Klingb, G. (2012). The Impact of Corporate Governance and External Audit on Compliance to Mandatory Disclosure Requirements in China. Journal of International Accounting, Auditing and Taxation, 21, 17-31.

  • Ghazali, N., & Weetman, P. (2006). Perpetuating Traditional Influences: Voluntary Disclosure in Malaysia Following the Economic Crisis. Journal of International Accounting Auditing and Taxation, 15, 226-248.

  • Kim, J.W., & Shi, Y. (2011). Voluntary Disclosure and the Cost of Equity Capital: Evidence from Management Earnings Forecasts. J. Account. Public Policy, 30, 348-366.

  • Hendriksen, E.S, & Van Breda, M.F. (1992). Accounting Theory RichardIrwin Ine.

  • Hossain, M., & Hammami, H. (2009). Voluntary Disclosure in the Annual Reports of an Emerging Country: The case of Qatar. Advances in Accounting, Incorporating Advances in International Accounting, 25, 255–265.

  • International Accounting Standards Committee, (1975). Discloser of Accounting Policies, International Standard No 1.

  • Jiang, H., Habib, A., Hu, H. (2011). Ownership concentration, voluntary disclosures and information asymmetry in New Zealand, The British Accounting Review 1(43), 39–53.

  • Matoussi, H. Dan R. Chakroun. (2008). Board Composition, Ownership Structure and Voluntary Disclosure in Annual Reports: Evidence from Tunisia. Laboratoire Interdisciplinaire De Gestion Universite-Entreprise (LIGUE).

  • Namazi, M., & Kermani, E. (2009). The Effect of Ownership Structure on Firms Listed in Tehran Stock Exchange. Accounting and Auditing Review, 53, 83-100.

  • Patelli, L. & Preneipe. A. (2007). The Relationship between Voluntary Disclosure and Independent Directors in the Presence of a Dominant Shareholder. European Accounting Review, 16 (1), 5-33.

  • Simon, H., & Wong, K. (2001). A Study of the Relationship between Corporate Governance Structures and the Extent of Voluntary Disclosure. Journal of International Accounting, 10, 139-156.

  • Sun, Y., Yang Yi, Y., & Bin Lin, B. (2012). Board Independence, Internal Information Environment and Voluntary Disclosure of Auditors’ Reports on Internal Controls. China Journal of Accounting Research, 5, 145-161.

  • Wang, K. O. S., & Claiborne, M. C. (2008). Determinants and Consequences of Voluntary Disclosure in an Emerging Market: Evidence from China. Journal of International Accounting, Auditing and Taxation, 17(1), 14-30.


Abstract Views: 670

PDF Views: 2




  • The Effect of Ownership Structure on Voluntary Discloser in Tehran Stock Exchange

Abstract Views: 670  |  PDF Views: 2

Authors

Saeid Jabbarzadeh Kangarlouei
Department of Accounting, Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
Hamed Alizadeh Birjandi
Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of
Morteza Motavassel
Islamic Azad University, West Azarbyjan Science and Research Branch., Iran, Islamic Republic of

Abstract


This study aims to investigate the impact of ownership structure on voluntary discloser in financial reporting of firms listed in Tehran Stock Exchange (TSE). To do so, ownership structure is classified into three groups namely institutional, managerial, and corporate ownership. In addition, voluntary disclosure is determined through 30 indexes which have been applied by previous studies, making some modifications. Sample of the study includes 101 firms listed in TSE whose financial statements and board activity reports are studied during the period of 2009 to 2011. To test each hypothesis, regression model using SPSS software is used which led to a comprehensive multivariate regression. The results show that there a positive significant relationship between ownership structure components (institutional, managerial and corporate ownership) and voluntary discloser in financial reporting of firms listed in TSE.

Keywords


Ownership Structure, Voluntary Discloser, Institutional Ownership, Managerial Ownership, Corporate Ownership

References