Authors: Aizhan M. Baimukhamedova, Gulzada S. Baimukhamedova

Abstract. The article represents a critical review of the literature on corporate disclosure, followed by the systematization of the conclusions found in these resources. The definition of the term corporate disclosure is given; its main categories are identified. The authors have analyzed the advantages and disadvantages of disclosing internal data and its implications for both the organization and stakeholders. The conclusions about the impact of corporate disclosure in the financial market are generalized. It is specified that, despite the advantages of open access to company data, the negative aspects of this practice can reduce its benefits significantly.

Keywords: Disclosure, corporate governance, financial stability