Voluntary disclosure of sales by small private companies: the role of ownership, perceived competition and the accountant.

Research output: Chapter in Book/Report/Conference proceedingConference paper

Abstract

Small businesses are the backbone of the economy in many countries. In Europe, for example, small companies represent more than 90% of all companies (e.g., Lukacs, 2005). Despite the fact that these companies represent such an important portion of the economy, few studies have been examining voluntary disclosure decisions by this type of companies. Since small companies possess certain unique characteristics as compared with their larger counterparts, the general applicability of past voluntary disclosure studies to small companies is questionable. This study investigates whether ownership, competition and accountant factors influence the decision to disclose financially sensitive information on a voluntary basis. Our results (based upon an email questionnaire, n= 1,102) show that approximately one-third of the responding companies are not aware of their disclosure behaviour. For the companies that are aware of their disclosure behaviour, the logistic regression analysis shows that the ownership structure of the company is the most important determinant of voluntary disclosure. This is followed by perceived competition and the accounting software package.
Original languageEnglish
Title of host publicationEAA annual congress
Publication statusUnpublished - 21 May 2014
Event37th Annual Congress of the European Accounting Association - Tallinn, Estonia
Duration: 21 May 201423 May 2014

Conference

Conference37th Annual Congress of the European Accounting Association
CountryEstonia
CityTallinn
Period21/05/1423/05/14

Keywords

  • Voluntary disclosure
  • SMEs
  • Small private companies

Fingerprint

Dive into the research topics of 'Voluntary disclosure of sales by small private companies: the role of ownership, perceived competition and the accountant.'. Together they form a unique fingerprint.

Cite this