The Association between Firm-Specific Characteristics and Corporate Disclosure: Evidence from Pakistan

This study explored the association among firm-specific characteristics and corporate disclosure level in Pakistan. For exploring this association latest data of 227 manufacturing companies of Pakistan in 2012 is collected. Two most recommended cross sectional data analysis techniques Correlation and Multiple regression analysis are used in order to investigate this relationship. In order to obtained robust results of regression analysis, diagnostic tests are applied. These tests detect multicollinearty and heteroskdasticity assumptions of regression analysis. The finding of this study shows that firm characteristics; profitability and auditor size have positive and significant relationship with corporate disclosure. This study can be very helpful for the managers in making decisions about giving corporate disclosure in annual reports. According to author’s knowledge, this study is conducted first time in Pakistan to explore the corporate disclosure.