Investigating the relation between legal disclosure environments and IT governance transparency


  • Christian Eule Maastricht University, School of Business and Economics



IT Governance Disclosure, IT Governance, Legal Disclosure Environments, Annual Report


The relevance of information technology has steadily increased over past decades. As a result, corporate disclosure about IT governance aspects is of considerable interest to investors. Despite such disclosure being voluntary and not enforced by law, this research investigates whether there is any relation between varying legal disclosure environments and the level of IT governance disclosure by companies. To investigate this relationship, 48 companies´ 2015 annual reports are analysed in accordance with an IT governance disclosure framework previously constructed by Bollen et al. (2013). Moreover, the World Bank’s Business Extent of Disclosure Index is used as a proxy for legal disclosure environments. The results imply no significant relation between legal disclosure environments and the level of IT governance disclosure which indicates that other factors on the industry and firm-level play a more significant role in determining the level of IT governance disclosure.


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