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V oluntary F inancial D isclosure B y A ustralian L isted C ompanies
Author(s) -
Hossain Mahmud,
Adams Mike
Publication year - 1995
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/j.1835-2561.1995.tb00381.x
Subject(s) - business , listing (finance) , leverage (statistics) , stock exchange , stock (firearms) , advertising , finance , computer science , mechanical engineering , engineering , machine learning
As Australia becomes an increasingly important equity market, the level of information disclosed by Australian listed companies is likely to be of interest to a growing audience of prospective investors. This study tests the relation between five firm‐specific variables drawn from agency theory and the general level of financial information voluntarily disclosed by companies listed on the Australian Stock Exchange. The five variables are foreign listing status, firm size; leverage, assets‐in‐place and type of audit firm. The empirical evidence suggests that foreign listing status, firm size, and type of audit firm are significantly related to the level of information voluntarily disclosed by listed companies.