In a stakeholder perspective, this paper deals with information transparency through use of the non-listed companies (SME’s). One of the main incentives for doing this is to reduce the cost of capital, improve the credit ratings and improve the supplier accepted creditworthiness. The paper demonstrates empirically that strategically it could be a good idea for SME’s to exercise a high level of corporate transparency through use of an extensive management commentary.
Corporate transparency; Stakeholder theory; Management commentary; Small and medium-sized enterprises; Non-listed companies
Main Research Area:
1st Interdiciplinary Conference on Stakeholders, Resources and Value Creation, 2011