Paper presents a selection of quantitative approaches aiming to uncover possible associations between financial disclosure and investor protection – as one of the essential issues of corporate governance. Second objective is to present new Polish Corporate Disclosure Index (PCDI) and to find out how investor protection coincides with the level of accounting disclosure for Polish companies.
Data/ Methods
PCDI is established on the basis of financial statements of Polish listed companies. It is the outcome of the research project with author as one of the participants. The PCDI index has been applied as the regressor in a number of models explaining various investor protection variables.
Results/ Expected results
The results indicate that there is significant association between disclosure and investor protection in Poland although it varies across years and across the investor protection variables.