Question

what is the advantages and disadvantages of voluntary disclosure ??

Answer 1

The advantages of voluntary disclosure can be termed as more complete view of company,reduced information asymmetry, fulfilled compulsory information,more frequent information, lower cost of capital, prevents from hiding bad information.

The disadvantages of voluntary disclosures are loose of competitive advantage,need of continuity, once started is hard to stop,increases public's expectations
regarding future disclosures, bad information has to be shared, penalisation for failure,can be used against the management.