The impact of the characteristics of companies on the level of disclosure In the financial statements of the banks listed on the Libyan Stock Exchange

Abstract

The aim of this paper is to examine the linkage of corporate characteristics and the extent of Disclosure in the annual reports of listed Banks on the Libyan Stock Market. The study is based on Banks listed on the main schedule of the Libyan Stock Market. The study used analysis of Variance Test to examine the relationship between explanatory variable and the extent of disclosure as measure by partial compliance index method (PC). The empirical results indicated that there is significant positive association at 5% between total assets and the extent of disclosure, but the association between profitability and disclosure was positive but not significant. On the other side, the extent of disclosure was negatively related to capital adequacy and liquidity.