The effect of managers' ability characteristics on voluntary information disclosure

Document Type : Research Paper

Authors

1 Department of Management Accounting, Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran

2 Professor Department of Accounting, Faculty of Management and Accounting, Shahid Beheshti University, Tehran, Iran.

3 Department of Accounting, Faculty of Management and Accounting,Shahid Beheshti University, Tehran, Iran

10.22099/jaa.2024.50073.2422

Abstract

The main reason for emphasizing voluntary disclosure and transparency of information is that these two are the main infrastructure to protect the interests of shareholders. Full disclosure approaches along with transparency in financial reporting can create safe conditions and increase the assurance of protecting investors' interests. But providing this information depends on the managers' decisions. Therefore, the purpose of this research is to investigate the effect of the ability characteristics of managers of companies admitted to the stock exchange on the voluntary disclosure of information. For this purpose, the data of 125 companies admitted to Tehran Stock Exchange during the period of 2012 to 2023 (1500 company-years) were selected as a sample and tested using multiple regression equations based on Panel data method. After the statistical analysis, the results of the research hypothesis test showed that the characteristics of managers' ability had a positive and significant effect on the voluntary disclosure of companies' information. Based on the obtained results, it is expected that managers with more ability and skill can play an important and practical role in improving the quality of financial reporting and improving the performance of the company and finally the quality of voluntary disclosure to attract investors and increase the value of the company, that is, the ability of managers can Improve the level of voluntary information disclosure.

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History

  • Receive Date: 11 May 2024
  • Revise Date: 27 November 2024
  • Accept Date: 10 December 2024

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