“…With the wave of corporate scandals, corporate disclosure and transparency have become progressively more important not only to investors but also to companies. This is because transparency improves, among others, compliance with the disclosure guidelines (Arif et al , 2021), reporting credibility (Arthur et al , 2017), quality of the accounting information (Tshipa et al , 2018), financial performance (Oino, 2019; Sekhon and Kathuria, 2019; Alipour et al , 2019; Alareeni and Hamdan, 2020; Chijoke-Mgbame et al , 2020), the credit rating (Cash, 2018) and company’s reputation (Bacha and Ajina, 2020).…”