Den reviderade Kodens effekt på informationsgivningen i svenska bolags årsredovisningar
As of 1 July 2008 the revised Swedish Code of Corporate Governance applies to all Swedish companies whose shares are traded on a regulated market in Sweden. The purpose of this thesis is to investigate whether the introduction of the revised Code has affected the disclosure practice among Swedish companies. We investigate a sample of 43 small and mid cap companies listed on the OMXS Exchange that has previously not been covered by the regulation. We develop a disclosure index, measuring the disclosure level in annual reports before and after the introduction of the Code. The results from the study show that disclosure level has not increased after the introduction of the Code. Furthermore we find that companies that voluntarily implemented the Code before the official date of introduction has a higher disclosure level than firms that previously did not follow the Code at all.