A cross-cultural perspective of voluntary disclosure: Italian listed firms in the stakeholder global context
Through this paper, we empirically studied the presence, evolution,
and determinants of voluntary disclosure with reference to the Italian Stock
Exchange context in a multi-stakeholder approach. In particular, we identified
eight stakeholders: customers, suppliers, competitors, institutions, community,
environment, human capital and corporate governance, and financial lenders.
For each one, we verified its disclosure in the following years: 2006, 2009, and
2012. As far as the presence and evolution of disclosure, our results show that