Evidence from research conducted on corporate accounting indicates that the interaction of environmental factors influences disclosure practices. The purpose of this study is to examine the importance of various corporate governance and cultural (race and education) characteristics, in addition to firm-specific factors, as possible determinants of voluntary (non-mandatory accounting and non-accounting information) disclosures in the annual reports of Malaysian listed corporations. The results of the regression analysis indicate significant associations (at the 5 percent level) between two corporate governance variables (viz. chair who is a non-executive director and domination of family members on boards) and the extent of voluntary disclosure. This finding has implications for corporate governance policy formulation by the Malaysian Institute of Corporate Governance (MISG). One cultural factor (proportion of Malay directors on the board) is significantly associated (at the 5 percent level) with the extent of voluntary disclosure suggesting that governmental focus on culture may solicit a response to secrecy from those who feel threatened.

https://papers.ssrn.com/sol3/Delivery.cfm/ABAC112.pdf?abstractid=336822&mirid=1&type=2

Culture, Corporate Governance and Disclosure in Malaysian Corporations

The impact of culture and governance on corporate social reporting

Evidence from research conducted on corporate accounting indicates that the interaction of environmental factors influences disclosure practices The purpose of this study is to examine the importance of various corporate governance and cultural (race and education) characteristics, in addition to firm-specific factors, as possible determinants of voluntary (non-mandatory accounting and non-accounting information) disclosures in the annual reports of Malaysian listed corporations The results of the regression analysis indicate significant associations (at the 5 per cent level) between two corporate governance variables ( viz  chair who is a non-executive director and domination of family members on boards) and the extent of voluntary disclosure This finding has implications for corporate governance policy formulation by the Malaysian Institute of Corporate Governance (MISG) One cultural factor (proportion of Malay directors on the board) is significantly associated (at the 5 per cent level) with the extent of voluntary disclosure suggesting that governmental focus on culture may solicit a response to secrecy from those who feel threatened

/pdf/culture-corporate-governance-and-disclosure-in-malaysian-2d8onpx6e0.pdf

Culture, corporate governance and disclosure in Malaysian corporations

Association between independent non- executive directors, family control and financial disclosures in Hong Kong

Board leadership, outside directors expertise and voluntary corporate disclosures

Not much information exists in the international accounting literature on Spanish accounting. Spain is selected as a subject of study because it is different from those countries that are subjects of the research concerned with investigating the multivariate impact of firm characteristics on disclosure in annual reports and accounts. The conceptual model underlying our empirical tests is based on economic and political incentives for providing greater detail in corporate annual reports and accounts. The paper provides evidence that the amount of detail in Spanish corporate annual reports and accounts is increasing in firm size and stock exchange listing, and decreasing in liquidity.

S O Wallace

Papers

The Relationship Between the Comprehensiveness of Corporate Annual Reports and Firm Characteristics in Spain