Ownership Structure, the Board Structure, and Level of Information Disclosure: Views of Corporate Governance

This research takes a view of corporate governance to discuss the following problem: How will companies’ board structure and ownership structure affect their voluntary information disclosure level? To answer the above question, this research adopts stratified sampling from TSEC-listed and OTC-listed firms to select 513 as research sample. On the basis of controlling organization size, organization age, and industry, this research used hierarchical regression model to proceed examination. The empirical results showed as below: (1)Company’s stocks percentage held by the government was positively related to non-financial information disclosure level; The higher company’s board size was, the higher non-financial information disclosure level was; Stock percentage held by a company’s board members was negatively related to non-financial information disclosure level. (2)There were no significant relationships between board structure and ownership structure and financial information disclosure level.