Аннотация
The purpose of this study is to investigate the firms' attributes and the evaluation of financial disclosure, by providing new influencing factors on the evaluation of financial disclosure quality.The relationship between disclosure and firm characteristics has received great attention from accounting researchers.The extent of corporate disclosure may be influenced by different firm factors: financial factors, non-financial factors, and social responsibility factors including firm size, industry type, listing status, leverage, performance, ownership structure, the size of the audit firm, and culture.In this study, the firm attributes such as firm size, profitability, liquidity, beta, and leverage were selected from the literature as the explanatory variables to establish the extent of their effect on the listed companies in Kazakhstan in the period from 2016-2022.The study used the variables and hypothesized that the explanatory variables have a significant effect on the disclosure level.The conceptualization of all the variables was discussed and their construct alongside operational definition.Empirical studies were reviewed for all the variables in terms of their effect on accounting disclosure.Analysis of the data was done using regression analysis.Our analysis delivers the following results showing that firm profitability, leverage, and beta have a positive and significant effect on voluntary accounting disclosure while disclosure has a negative and significant effect on the cost of equity capital of listed companies in Kazakhstan.The obtained results relate to a large body of foreign empirical research that has identified a trade-off between the cost of equity capital and corporate disclosure.