Managing continuous disclosure: Australian evidence

Diane Mayorga
  • Accounting Auditing & Accountability Journal, September 2013, Emerald
  • DOI: 10.1108/aaaj-03-2013-1259

Voluntary disclosure

What is it about?

Australian listed companies are required to continuously disclose price sensitive information to the Australian Securities Exchange - referred to as Continuous Disclosure (CD). This paper investigates the processes and systems companies use to manage their CD obligations and how managers make CD decisions.

Why is it important?

The findings indicate various internal and external factors impact the CD decision making process. The importance and weight of these factors is contingent on company characteristics. Large companies tend to rely on formal processes whereas small to medium size companies tend to rely on informal processes. Managers face multiple issues in managing CD.

Perspectives

Dr Diane M Mayorga
University of New South Wales

This paper provides descriptive evidence on the processes companies use to make difficult CD decisions. It also illustrates the difficulties managers face in making disclosure decisions. It therefore provides a basis for future research that examining key environmental or behavioral factors that are critical inputs into managers' voluntary disclosure decision making process.

Read Publication

http://dx.doi.org/10.1108/aaaj-03-2013-1259

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