... recommendations and coercive requirements considering the enforcement of laws and norms in the different legal systems and to explain it in the light of the institutional theory approach. Design/methodology/approach The practices disclosed by a sample of the 20 largest companies listed on the stock exchanges...

... by information externality and enforcement of the firm disclosures are lower (Weber and Velte, 2011). The following empirical studies from the business years 2002 to 2009 use different proxies for firm performance related to the capital market which can be divided in two groups: capital market performance...