The Effect of Company Characteristics on Voluntary Disclosure with Corporate Governance as a Moderated Variables

Abstract

In the business world, information is the main source of economic decision making. Companies will be encouraged to disclose information related to the company's performance and prospects either voluntarily or not. The availability of important information that is needed by the users of the information is usually regulated by a regulator in a country. In Indonesia, the obligation to submit minimum information in the annual report of companies listed on the Indonesia Stock Exchange is regulated in Bapepam Rule Number X.K.6. In the Indonesian capital market, the level of compliance of companies related to mandatory disclosure is quite good, namely 88.89% (Diyanti 2010). Meanwhile, voluntary disclosure in Indonesia is still low, namely 33.71% (Yanuarto 2012). This low level of voluntary disclosure does not only occur in Indonesia but also in several other developing countries, as found by Barako (2007) in Kenya (11% -20%), Soliman (2013) in Egypt (31.92%) , AlShammari (2008) in Kuwait (15%), Bhasin et al (2012) in Khazastan (24.95%), Yuen et al (2009) in China (21.4%), and Hammami and Hossain (2009). ) in Qatar (36.84%).