KEBERADAAN CORPORATE GOVERNANCE DAN KONDISI FINANCIAL DISTRESSED TERHADAP VOLUNTARY DISCLOSURE
Riesanti Edie Wijaya
Fakultas Ekonomi Universitas Surabaya
Jl. Raya Kalirungkut Surabaya, 60293
Korespondensi dengan Penulis:
Riesanti Edie Wijaya: +62 31 298 1297, Fax. +62 31 298 1131
Voluntary disclosure meant giving information to public either about financial or non-financial regarding the firm’s operations without any legal requirement (Fishman and Hagerty, 1997). Giving information about voluntary disclosure enables all the concerned parties obtaining more relevant information about the strategies and critical elements of the firms. In this study, we examined the impact of corporate governance and financial distress condition on the level of voluntary information disclosure. This research used a sample of manufacture firms listed in Indonesian stock exchange. Based on data processing using sample above, we found that corporate governance and financial distress could be associated with the voluntary disclosure level.
Key words: voluntary disclosure, corporate governance, financial distress.