A Review of The Information Disclosure: Discussion

Abstract

Corporate disclosure has consistently remained a significant subject of interest for both scholars and participants in the capital market. This study aims to conduct a thorough review of the existing body of literature on corporate disclosure and offer insights for prospective directions. In particular, our examination focuses on three key disclosure categories: MD&A (Management Discussion and Analysis), MFs (Financial Statements), and ESG (Environmental, Social, and Governance). The primary emphasis of this paper revolves around delving into the factors that influence disclosure, the determinants driving it, and the resultant economic implications. Concurrently, drawing from prior research, this paper posits that regional disparities could also exert an impact on disclosure outcomes, thereby highlighting potential avenues for further investigation.