The impact of size, profitability and industry type on voluntary disclosure : a Singapore perspective.
Chng, Lai Hoon.
Date of Issue2002
College of Business (Nanyang Business School)
In 1998, the Singapore government adopted the Corporate Finance Committee reccommendation to shift from a merit-based regulatory system to a predominately disclosure-based regime. In other words, the responisbility for proper corporate disclosure lies with the companies. There are also plans to make disclosure a statutory obligation.