Journal of Applied Sciences1812-56541812-5662Asian Network for Scientific Information10.3923/jas.2013.960.973UyarMetin YilmazGunes GunerMehmet Fatih 72013137The aim of this study is to diagnose whether there is a relationship
between company characteristics and disclosure. Therefore, the study adopts
and uses an architecture which includes an applied study and investigation which
demonstrates the impacts of companies managerial and financial properties on
companies voluntary disclosure via structural equation modeling that is high
level research technique and data organization method. In the first step of
the study, we discussed the financial and management aspects of company characteristics,
followed by a discussion on voluntary disclosure determinants. The hypotheses
set forth in the study were tested by the establishment of a structural model.
Using data from 237 listed companies, we find that the financial and management
characteristics of companies have a direct influence on the level of disclosure.
As a result of this finding we say information asymmetry tends to decrease in
companies with a strong financial structure along with advanced corporate administration
values. Such decrease in information asymmetry brings along an increase of the
disclosure level, which in turn has positive effects on a companys market values
which attract more people and investor to developing markets and countries around
the world.]]>Abdullah, S.N., J.H. Ahmad and R. Ishak,20043103122Adams, R., B.E. Hermalin and M.S. Weisbach,20104858107Affleck-Graves, J., C.M. Callahan and N. Chipalkatti,200240561583Ahmed, K. and J.K. Courtis,1999313561Anderson, R.C., S.A. Mansi and D.M. Reeb,200437315342Archambault, J.J. and M.E. Archambault,200338173194Attig, N., W.M. Fong, Y. Gadhoum and L.H. Lang,20063028752892Barako, D.G., P. Hancock and H.Y. Izan,200614107125Beretta, S. and S. Bozzolan,200823333376Botosan, C.A. and M.S. Harris,200038329353Botosan, C.A. and M.A. Plumlee,2002402140Brown, L. and M. Caylor,200625409434Bujaki, M. and B.J. McConomy,20021105139Byard, D., Y. Li and J. Weintrop,200625609625Byun, H.Y., L.S. Hwang and W.J. Lee,201119511534Chau, G.K. and S.J. Gray,200237247265Chau, G. and S.J. Gray,20101993109Chen, C.J. and B. Jaggi,200019285310Chen, W.P., H. Chung, C. Lee and W.L. Liao,200715644660Cheng, C.A., D. Collins and H.H. Huang,200627175204Cheng, E.C.M. and S.M. Courtenay,200641262389Cheung, Y.L., P. Jiang and W. Tan,201029259280Claessens, S., S. Djankov, J.P.H. Fan and L.H.P. Lang,20025727412771Core, J.E., W.R. Guay and T.O. Rusticus,200661655687DeFond, M.L., R.N. Hann and X. Hu,200543153193Deumes, R. and W.R. Knechel,2008273566Dey, A.,20084611431181Donnelly, R. and M. Mulcahy,200816416429Drobetz, W., M.C. Gruninger and S. Hirschvogl,20103421682184Eng, L.L. and Y.T. Mak,200322325345Fan, J.P.H. and T.J. Wong,200233401425Fields, T.D., T.Z. Lys and L. Vincent,200131255307Francis, J.R., I.K. Khurana and R. Pereira,20058011251162Garay, U. and M. Gonzalez,200816194209Goncharov, I., J.R. Werner and J. Zimmermann,200614432445Graham, J.R., C.R. Harvey and S. Rajgopal,200540373Gul, F.A. and S. Leung,200423351379Haggard, K.S., X. Martin and R. Pereira,200837747768Haniffa, R.M. and T.E. Cooke,200524391430Healy, P.M. and K.G. Palepu,200131405440Heflin, F., K.W. Shaw and J.J. Wild,200522137Hope, O.K.,200320295321Hussainey, K. and M. Walker,2009393755Jaggi, B. and S. Leung,2007162750Jiang, H., A. Habib and B. Hu,2011433953Kanagaretnam, K., G.J. Lobo and D.J. Whalen,200726497522Karamanou, I. and N. Vafeas,200543453486Klein, A.,200233375400Kothari, S.P., X. Li and J.E. Short,20098416391670Krishnamurti, C., A. Sevic and Z. Sevic,200538435454La Porta, R., F. Lopez‐De‐Silanes and A. Shleifer,199954471517Lang, M.H. and R.J. Lundholm,200017623662Lemmon, M. L. and K.V. Lins,20035814451468Leuz, C.,200341445472Lins, K.V.,200338159184Lundholm, R. and L.A. Myers,200214809839Matsumoto, D.A.,200277483514Meek, G.K., C.B. Roberts and S.J. Gray,199526555572Melis, A.,200413137Miller, G.S.,200240173204Ng, C.Y.M.,200520121146Price, R., F.J. Roman and B. Rountree,2011997696Haniffa, R. and M. Hudaib,20063310341062TOGT,20112011Tsui, J., B. Jaggi and F.A. Gul,200116189208Rubin, A.,200710219248Vander Bauwhede, H.,200939497513Watson, A., P. Shrivas and C. Marston,200234289313Jin, L. and S. Myers,200679257292Veldkamp, L.,200673823845