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Determinants of Voluntary Disclosures in Management Disclosure and Analysis(MD&A): Korean Evidence
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ahn, Tae-Sik | - |
dc.contributor.author | Lee, Junghun | - |
dc.date.accessioned | 2010-06-29T04:25:53Z | - |
dc.date.available | 2010-06-29T04:25:53Z | - |
dc.date.issued | 2004 | - |
dc.identifier.citation | 한국회계학회 학술연구발표회 논문집, 2004년 하계, 207-240 | en |
dc.identifier.issn | 1229-3288 | - |
dc.identifier.uri | https://hdl.handle.net/10371/67979 | - |
dc.description.abstract | This study examines the economic determinants of the voluntary disclosure of
management disclosure and analysis (MD&A). The MD&A disclosures in Korea provide a unique setting to test the economic motives of voluntary disclosure because there are no regulations on MD&A contents and formats in Korea. We measure the level of voluntary disclosure by the number of words in an MD&A and the frequency of financial and nonfinancial information keywords within the MD&A. We find the levels of MD&A disclosure are positively associated with external financing, industry concentration, firm size, ownership of small investors, and top management's involvement in MD&A disclosure. These associations are robust to controlling industry membership and using change variables instead of level variables. Our results suggest managers use an MD&A as an information medium to communicate to the public even in the absence of mandatory requirements for MD&A disclosure. | en |
dc.language.iso | en | en |
dc.publisher | 한국회계학회 | en |
dc.subject | voluntary disclosure | en |
dc.subject | management discussion and analysis | en |
dc.subject | ownership structure | en |
dc.title | Determinants of Voluntary Disclosures in Management Disclosure and Analysis(MD&A): Korean Evidence | en |
dc.type | Article | en |
dc.contributor.AlternativeAuthor | 안태식 | - |
dc.contributor.AlternativeAuthor | 이정훈 | - |
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