The Voluntary Disclosure Determinants in French Family Firms

Literature Review

To define voluntary disclosure, several authors define it as being to disclose information that is not mandatory (Caby et al., 2020). Voluntary disclosure consists of making voluntary publications regarding their content, disclosed mandatory vectors such as annual reports or reference manuals. This voluntary and non-mandatory information will be of two categories in terms of content, which are information not provided for in accounting laws and information that gives more details to the mandatory publication. For the determinants of voluntary disclosure, they can be classified into three groups (Kolsi, 2017; Alsaeed, 2006; Alshareef & Tunio, 2022; Shaikh, et al., 2022; Tunio, et al., 2021; Memon, et al., 2021; Afshan, et al., 2021).

The first group is made up of determinants linked to ownership concentration and board independence. The second group contains the structure of the company (size of the company, leverage effect, concentration of ownership, independence of the board, and age of the company). The third group contains determinants related to the performance of the company (we will deal here with only one determinant with profitability) (Enache and Hussainey, 2020). And the last group includes market-related determinants (type of industry and size of an audit firm).