Voluntary Corporate Disclosure

Part of the Contributions to Management Science book series (MANAGEMENT SC.)


This chapter presents and discusses the literature on voluntary corporate disclosure. It pays attention to the costs and benefits of voluntary disclosure. The discourse also considers the leading role that corporate governance structures play in shaping firms’ voluntary information environment. This discussion focuses on the literature on corporate board, firm characteristics, and ownership structures that have the biggest influence on corporate voluntary disclosure. Furthermore, to date it appears increasingly relevant to examine the channels that companies use to disseminate information voluntarily, such as conference calls and management forecasts, as well as certain specific types of disclosures like those related to intellectual capital. Finally, the chapter concludes with an analysis of the challenges and opportunities of voluntary disclosure, trying to track the number of paths for future research.


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Authors and Affiliations

  1. 1.Department of AccountingMonash UniversityCaulfield East - MelbourneAustralia
  2. 2.Department of Economics and ManagementUniversity of PisaPisaItaly

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