EXPLORING GOVERNANCE CULTURE AND INSTITUTIONAL PRESSURES AS DRIVERS OF DISCLOSURE PRACTICES
A QUALITATIVE STUDY
DOI:
https://doi.org/10.24191/ij.v13i2.12047Keywords:
Governance culture, Institutional Pressures, Disclosure Practices, Symbolic Compliance, Corporate GovernanceAbstract
This study was conducted to understand how governance culture and institutional pressures influence disclosure practices in organizations and to examine the inconsistencies that occur between formal compliance and actual implementation. To achieve this goal, a qualitative approach was used through in-depth interview sessions involving 15 participants consisting of financial managers and officers involved in organizational governance matters. The data obtained was analyzed using thematic analysis methods to identify key patterns and themes based on the participants' experiences. The results of the study showed that governance culture has a significant influence on the way organizations implement disclosure practices, while institutional pressures are seen to influence the form and content of information disclosed. The study findings also showed the existence of a gap between formal compliance and actual implementation in organizations, which illustrates the phenomenon of decoupling. In most cases, disclosure practices were found to be more symbolic than substantive. This study contributes to a deeper understanding of the factors that influence disclosure practices in the context of corporate governance.
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