The Relationship Between Voluntary Disclosure and Corporate Governance Mechanisms

Subject Areas :

Mohammad Kashanipoor ¹ (دانشیار دانشگاه تهران)
Majid Zanjirdar ² (استادیار دانشگاه آزاد اسلامی واحد اراک)
Seyed Mahdi Parchini Parchin ³ (کارشناس ارشد حسابداری دانشگاه مازندران)
Seyed Javad Babazadeh ⁴ (کارشناس ارشد حسابداری دانشگاه آزاد اسلامی واحد اراک)

Received: 2015-05-07 Accepted : 2015-05-07 Published : 2013-11-22

Keywords: Corporate governance, Voluntary Disclosure, Ownership Structure, Outside Directors,

Abstract :

Voluntary disclosure and corporate governance, as considerable issues in a world wide scale, requires moreattention in the scientific and research communities of our country. So this study tries to reviewand examine the relationship between them. In the model discussed, the corporate governance mechanisms are including Ownership structure and board composition. Ownership structure specified by managerial ownership, major shareholder and governmental ownership. Composition of board measuredby ratio of outside directors. Voluntary disclosure index is summarized based on previous researches. According to research results, decreasing in the level of managerial ownership and increasing in the percentage of major shareholders ownership is associated with an increasing in the level of voluntary disclosure. While there is no significant relationship between governmental ownership with voluntary disclosure.

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