Nonfinancial Information Disclosure and Company Characteristics: A Study on Listed Pharmaceutical and Chemical Companies of Bangladesh

The purpose of this study is to find out the important company characteristics that can affect disclosing non-financial information by the company. The study demonstrates the current scenario of disclosing non-financial information by sample companies i.e. 22 listed pharmaceutical and chemical companies in Bangladesh. It reports the results of the association between company specific characteristics and non-financial information disclosure of the sample companies. It also shows the results of an investigation for the extent of affecting company characteristics on disclosing non- financial information by Bangladeshi companies. The finding of the research indicates that the enhanced use of non- financial information is effectively assessed by evaluating two company characteristics i.e. size and age as significant in explaining the level of non- financial information disclosure. The important characteristics are useful in making effective investment decision by the investors.