A Proposed Model: Factors Affecting the Disclosure Practices of Listed Companies in ASEAN Chen Shuwen and Nunthapin Chantachaimongkol Dalian University of Technology Abstract: Over the last few decades, the research frontier related to corporate disclosure has developed considerably. It has now become quite a significant aspect for businesses in a globalizing world. Many worldwide scholars have continuously developed conceptual models to enlighten the understanding of the diverse practices in various areas. However, recent studies mainly focused on the relationships among firm characteristics, corporate governance, and disclosure practices; and often neglected the importance of national convergences. Moreover, the majority of researches elucidate case studies which concentrate only on a specific developed country. This paper proposes a novel conceptual model that enables an investigation on the effects of three different parameters: national characteristics, firm characteristics, and corporate governance on disclosure behaviors across countries. To achieve this goal, an extensive review of the relevant literature is applied as a research methodology while the member countries of the Association of Southeast Asia Nations (ASEAN) are chosen as a case study. This is mainly due to their categorical divergence and characteristic transition in creating a regional community. Following the process of literature review, numerous variables such as legal origin, national culture, ownership structure, listing status, board size, gender diversity on boards, and so forth are formalized. But, due to research limitations, only popular and attractive attributes have been included in the proposed model. The findings may not only beneficial to the regulators who want to enforce businesses to deliver greater information but also the managers who require an improved financial support from investors. Further research might be required to examine the impacts of these selected factors on information disclosure of listed companies in ASEAN. Keywords: Disclosure Practices, ASEAN, Listed Companies, Corporate Governance, National Characteristics, Firm Characteristics.
