Voluntary Accounting Disclosures in the Airline Industry

This study examines voluntary financial disclosures in the airline industry. Since the disclosure of mandatory financial information forms the basis of the reporting dialog between companies and their constituents, it is posited that airline companies would be willing to voluntarily disclose financial information in their annual reports. This study indicates that a significant majority of airline companies disclose some form of financial information voluntarily. This study also shows that cultural constructs together with the size of an airline company play a significant role in determining whether an airline company will disclose financial information voluntarily. This study further shows that the greater the airline company size, the greater the disclosure of voluntary financial information.