Faktor-Faktor yang Mempengaruhi Luas Pengungkapan Sukarela

Abstract

Annual report is a tool for a company to disclose the company activities and it has a function as a monitoring mechanism for a company performance. This research analyzed factors which would affect voluntary disclosures, in this case were a company size, leverage, portion of shares owned by public, liquidity, profitability, and a company age. This research focused on voluntary disclosure by using stakeholder theory as a main theory which had an aim for a company business going concern. Agency theory and legitimacy theory were also used as supporting theories. This research using 79 real sector companies listed in Indonesian stock exchange in 2009 and using regression method with 95% confident level. The results of this research showed that a company size and profitability had positively significant effects to voluntary disclosures, but a company age had negatively significant effect to voluntary disclosures. Leverage, portion of shares owned by public, and liquidity did not affect to company voluntary disclosures.