Corporate Governance and Voluntary Disclosure Practices in Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F21%3A43919694" target="_blank" >RIV/62156489:43110/21:43919694 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.11118/actaun.2021.012" target="_blank" >http://dx.doi.org/10.11118/actaun.2021.012</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/ACTAUN.2021.012" target="_blank" >10.11118/ACTAUN.2021.012</a>
Alternative languages
Result language
angličtina
Original language name
Corporate Governance and Voluntary Disclosure Practices in Czech Republic
Original language description
The decision to disclose enough information in annual reports is seen as an act of transparency. This study seeks to measure the extent of voluntary disclosure and to examine the relationship between corporate governance determinants and the level of voluntary disclosure. The study reports an average of 51.5% as the level of voluntary disclosure. Four corporate governance variables are used as the basis for the regression analysis. The evidence shows a positive association between the level of voluntary disclosure and the proportion of independent directors, block holder and the proportion of the audit committee with only the proportion of audit committee to the board showing statistical significance. The board size has a negative association. The category of corporate governance information items as part of the total voluntary checklist is largely disclosed among Czech firms. The study contributes to the literature on voluntary disclosure in a transition economy. The findings prove useful to investors and financial statement preparers as the knowledge informs them to question and request more information from the firms which are open to the capital market.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
69
Issue of the periodical within the volume
1
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
15
Pages from-to
111-125
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-85103498519