Applied Research in Financial Reporting

Applied Research in Financial Reporting

English Investigating the Relationship Between Corporate Characteristics and Information Disclosure in Management Commentary in Firms Listed in Tehran Stock Exchange (TSE)

Document Type : Original Article

Authors
Iman Barjaneh
Nezamoddin Rahimian
Shole Bagheripormehr
Abstract
The purpose of this study is to investigate the overall level of voluntary compliance of information disclosure in the management commentary of companies listed on the Tehran Stock Exchange, according to the requirements of IFRS’s professional statement of 2010 and to investigate the relationship between company characteristics and the overall level of information disclosure in management commentary. For this purpose, the information of 310 companies listed on the Tehran Stock Exchange for 2020 was examined. In this study, we used a checklist to examine the compliance with the IFRS’s professional statement in companies and used multiple regression to analyze the hypotheses. The analysis results indicate that the rate of compliance with the IFRS’s professional statement in companies in Iran is in the range of 12% to 100%, with an average of 42.8%. Analysis indicates that companies disclose more financial information than non-financial information in management commentary. Also, the analysis of hypotheses shows that among the characteristics of companies, the age of companies has no effect on the level of information disclosure in management commentary.
Keywords
Management commentary
Companies financial reports
Information disclosure
Corporate governance

  • Receive Date 10 September 2021
  • Revise Date 14 September 2022
  • Accept Date 14 September 2022