Preliminary effect of the global economic crisis on the level of voluntary disclosure of listed firms in the Philippines

• Main Authors: Alino, Charles Jomar A., Encarnado, Reizel S., Mesina, Mari Janine Evan D., Rodriguez, Nelia Danica G.
• Format: text
• Language: English
• Published: Animo Repository 2009
• Subjects: Corporations > Accounting; Financial statements > Philippines; Philippines > Economic conditions
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/14714
• Institution: De La Salle University

Voluntary disclosures are important to investors, creditors, and other stakeholders of any company because it provides insight beyond that which required disclosures give. With the ongoing global economic crisis, the stakeholders are especially concerned with its effects on corporate transparency. This study aims to determine the preliminary effect of the global economic crisis on the level of voluntary disclosures. A disclosure index is used to measure the level of voluntary disclosures. The study assessed the indices of each company from years 2005 to 2008 to determine whether there is a significant difference in the level of voluntary disclosure in 2005, 2006, and 2007 from 2008. The study presented evidence that the global economic crisis increased the level of voluntary disclosures.