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The nature of corporate voluntary reporting in Sri Lanka

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dc.contributor.author Mohamed Nijam, Habeeb
dc.date.accessioned 2022-07-14T08:02:54Z
dc.date.available 2022-07-14T08:02:54Z
dc.date.issued 2022-05-25
dc.identifier.citation Book of Abstracts - Proceedings of the 10th International Symposium 2022 on "Multidisciplinary Research for Encountering Contemporary Challenges”. 25th May 2022. South Eastern University of Sri Lanka, Oluvil, Sri Lanka. pp. 58. en_US
dc.identifier.isbn 978-624-5736-37-9
dc.identifier.uri http://ir.lib.seu.ac.lk/handle/123456789/6195
dc.description.abstract Purpose –This study examines the extent and determinants of voluntary disclosure of companies listed in Colombo Stok Exchange (CSE). Design/methodology/approach – Complying with the previous empirical studies on corporate voluntary disclosures, this study surveyed the annual reports of 43 randomly drawn sampled firms using 60 disclosure items constructed into three voluntary disclosure indices namely the corporate strategic disclosure index (CSDI), financial and capital market information disclosure index (FCMDI), social reporting disclosure index (SRDI). The samples firms were observed for three reporting periods from 2016 through 2018. Data was analyzed using descriptive statistics, correlation, and OLS regression analysis. Findings – The study found that the extent of voluntary disclosures by firms listed in CSE gradually grew over the years. The extent of disclosure of such corporate strategic information as ‘ways of improvement in product/service quality and the customer service’, ‘research development activities, and ‘future product and development’ is relatively higher than the other corporate and strategic information surveyed. Financial and capital market-related disclosure items that reflect on companies’ market value have been disclosed relatively at higher rates then the items that connect to the assessment of current and potential risk, return and operating cash flows useful for industry comparison. Research limitations/implications – Following previous studies, this paper surveyed only the annual reports of listed firms, which is a regular medium of companies’ disclosures. This paper however excludes voluntary disclosure contents in other such media as the company’s website, magazine, and sustainability reports etc. Originality/value – Distinguished from similar empirical works, the descriptive analysis on the extent of disclosures has in detail been directed to items within disclosure constructs. This account of analysis helps the inference of patterns/ reasons/motives/attitudes that underlie voluntary disclosures. en_US
dc.language.iso en_US en_US
dc.publisher South Eastern University of Sri Lanka, Oluvil, Sri Lanka. en_US
dc.subject Voluntary Disclosures en_US
dc.subject CSE en_US
dc.subject Annual Report en_US
dc.subject Sri Lanka en_US
dc.subject Corporate Strategic Disclosure Index en_US
dc.subject Financial and capital Market Information Disclosure Index and Social Reporting Disclosure Index en_US
dc.title The nature of corporate voluntary reporting in Sri Lanka en_US
dc.type Article en_US


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