The level of voluntary disclosure in the annual reports of listed corporations in Fiji: A case study of South Pacific Stock Exchange Listed Corporations

Tanzil, Sheikh A. and James, Kieran E. (2025) The level of voluntary disclosure in the annual reports of listed corporations in Fiji: A case study of South Pacific Stock Exchange Listed Corporations. The level of voluntary disclosure in the annual reports of listed corporations in Fiji: A case study of South Pacific Stock Exchange Listed Corporations, 17 (3). pp. 106-121. ISSN 2141-6664

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Abstract

This paper investigates the level of voluntary disclosure by listed Corporations of South Pacific Stock
Exchange (SPSE). The major objective of the paper is to contribute towards the literature on level of
voluntary disclosure in a developing country context. The focal point of the research was to use the
empirical data from the twelve of the 2019 audited listed company annual reports from the SPSE. This
research is informed by organizational legitimacy theory. The paper shows that the level of voluntary
disclosure in SPSE companies has increased from the previous studies. However, the increase is not
substantial. The paper shows that corporations who do not have monopoly power fear about their
social contract and disclose more voluntary information in order to legitimize their activity.
Corporations with monopoly power do not care about their social contract as they are certain that the
society has no choice but to accept them as they are the only one in the market, so they do not
legitimize their activity to a great extent. Legitimacy theory holds true for non-monopoly firms and does
not hold true for monopoly firms.

Item Type:	Journal Article
Uncontrolled Keywords:	Voluntary disclosure, legitimacy theory, developing economics, South Pacific Stock Exchange
Subjects:	H Social Sciences > HF Commerce
Divisions:	Faculty of Business and Economics (FBE) > School of Accounting and Finance
Depositing User:	Sheik Tanzil
Date Deposited:	14 Dec 2025 23:29
Last Modified:	14 Dec 2025 23:29
URI:	https://repository.usp.ac.fj/id/eprint/15183

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