Impression management: dual language reporting and voluntary disclosure |
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Authors: | Stergios Leventis Pauline Weetman |
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Affiliation: | aDepartment of Accounting, Lancaster University, UK;bDepartment of Accounting and Finance, University of Strathclyde, 100 Cathedral Street, Glasgow G4 0LN, UK |
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Abstract: | The presentation of corporate disclosure may be explained by impression management. The relative extent of corporate disclosure may be related to information costs. This paper links these two theoretical perspectives by comparing the extent of voluntary disclosure in companies that have chosen to present a dual language approach to reporting, relative to the disclosure provided by companies choosing to report only in one language. The analysis shows that voluntary disclosure is higher in companies that have higher visibility through dual language reporting and whose investors face higher information costs. The analysis also shows that voluntary disclosure by companies reporting only in one language is associated with domestic visibility in market listing and type of industry, while that of companies reporting in two languages is associated with responding to market pressures. |
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Keywords: | Impression management Dual language Voluntary disclosure Information costs |
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