Corporate Governance and Voluntary Disclosure: A Literature Review
Abstract
This research paper will address the interrelationship between corporate governance and voluntary disclosure. In fact, understanding the mechanism of corporate governance plays fundamental role in clarifying the determinants of corporate governance and the level of disclosure. More specifically, the main focus of this paper is to understand how both internal and external governance mechanisms impact the information disclosed in annual reports. It will also answer do mangers tend to disclose less or more. Furthermore, it will examine the degree of compliance with the governance regulatory requirements. Furthermore, the ultimate objective of this study also is to address how corporate governance can influence information asymmetry between managers and stakeholders.s the footnote at the bottom of this column. Index Terms—Corporate Governance, Voluntary Disclosure