The Relationship between voluntary information disclosure and stock performance: A literature review

Abstract

This work aims to provide a literature review that focuses on the central axis of our research, namely the voluntary financial communication of listed companies and its impact on stock market performance. This remains a relevant topic that has attracted the interest of several researchers. Indeed, the disclosure of voluntary financial information is seen as a complement to mandatory information in the eyes of economic stakeholders. A periodic and voluntary communication strategy that goes beyond legal constraints can enhance the trust of economic agents, attract market participants, and contribute to value creation. This article offers a synthesis of research conducted on the theme of voluntary financial information and its relationship with stock market performance.