This paper studies the short-run announcement effects of compliance with the German Corporate Governance Code (‘the Code’) on firm value. Event study results suggest that firm value is unaffected by the announcement, although such market reactions to the first time disclosure of the...

The purpose of this study is to examine the association between corporate voluntary disclosure (VD) and share prices; and if this association is influenced by investors expectations. The study conducted on non-financial companies listed in the Saudi Arabia's (SA) stock market, a country where VD...