Mapping of Mandatory and Voluntary Disclosures with Capital Market Variables and Future Research Opportunities: MBAR Research Study Period 2006-2015

Salman, Kautsar Riza (2019) Mapping of Mandatory and Voluntary Disclosures with Capital Market Variables and Future Research Opportunities: MBAR Research Study Period 2006-2015. International Journal of ADVANCED AND APPLIED SCIENCES, 6 (3). pp. 86-95. ISSN 2313-3724

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Official URL: http://science-gate.com/IJAAS/Articles/2019/2019-6...

Abstract

This paper aims to review a number of previous studies that examined the relationship of mandatory and voluntary disclosure variables with capital market variables such as market prices, market returns and the cost of equity capital. The first part of this paper is an explanation of the theories that form the basis of research on this topic. The second part of this paper is a review of some accounting research that examines the relationship between company disclosure and capital market variables. In this section, a relationship research map is described for each type of disclosure with capital market variables. The third part reveals several accounting research opportunities that can be done to continue the results of previous studies. The review process was conducted on twelve international journals related to capital market-based accounting research in the period 2006-2015. Based on the literature review, the results show that the basic theories that are widely used are efficient market theory, agency theory, behavior theory, economic theory, voluntary disclosure theory, value relevance, and net surplus theory. The most widely used model is the Ohlson (1995) model. The most widely conducted research is to examine the effect of mandatory disclosures on capital market variables such as returns, market value, firm value, and others. In addition, the majority of studies examine the impact of voluntary disclosure on capital market variables such as stock prices, equity capital costs, and returns. The archive method is more widely used by utilizing secondary data, whereas few use experiments. Research opportunities that can be directed to: (1) examine the impact of sharia disclosures on capital market variables (2) using experimental methods, and (3) test the association of social disclosures, environmental disclosures, disclosure of intellectual capital and other types of voluntary disclosures.

Item Type: Article
Subjects: 600 - TECHNOLOGY > 657 - ACCOUNTING
Divisions: Lecturer
Depositing User: KAUTSAR RIZA SALMAN
Date Deposited: 16 Mar 2020 04:50
Last Modified: 16 Mar 2020 04:50
URI: http://eprints.perbanas.ac.id/id/eprint/6569

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