The purpose of this study is to determine if the impact of transparency and disclosure (TD) levels on shareholders …

Theories of delegated monitoring predict that when public disclosure is costly, monitoring by a large investor leads … management to supply more private information to that investor, and less public disclosure to other similarly aligned investors … reduce their public disclosures. Overall, our evidence supports the disclosure prediction of delegated monitoring theories …

guarantee the tax base of a country. Without adequate transparency and disclosure of tax information to the taxing authorities … existing mechanisms for transparency and disclosure, and the new developments including country-by-country reporting, automatic …

proposal and to vote in favor of it. We suggest that this indirect regulatory approach to disclosure can improve transparency …

Focusing on an environment where ownership concentration is prevalent and where sustainability disclosure is not a new … Initiative (GRI) guidelines to proxy for sustainability disclosure. Our results are consistent with insiders' legitimacy threats … and/or reputation concerns driving sustainability disclosure. To the extent that market participants interpret this …