ABSTRACT
The research explores several firm-level drivers that are expected to be related to the disclosure level, such as biological assets intensity, ownership concentration, firm size, auditor type, internationalisation level, listing status, profitability and sector. The study suggested that some of the information required is considered confidential by the firm's administration. Therefore, disclosure items were not fully disclosed. Consequently, the stakeholders, including auditors and regulators, should play an important role in analysing whether or not the biological assets disclosure is sufficient. The firms' reporting incentives are influenced by ownership structure. Considering the fact that agency problems arise because of the separation of ownership and control, agency costs increase as the ownership structure becomes more dispersed. A disclosure practice in the chapter includes mandatory and voluntary disclosure requirements of International Accounting Standard (IAS) 41. Studies on disclosure rely on the definition and measurement of the disclosure index.
