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Th e reduction of information asymmetry leads to a sound economic distribution with better investment opportunities. From this perspective, this paper aims to investigate factors that aff ect the extent of voluntary information disclosure by companies listed in the Spanish stock exchange. Th e statistical technique ordinary least squares was used for the sake of analysis. Th e results suggest that factors like: fi rm size, economic industry, debt ratio, level of internationalization, age and diff erence between common stock value and book value explain the greater extent of information disclosure for intangible resources. In turn, factors like profi tability, level of monopoly and floating capital of the company explain the lower levels of information disclosure. [ABSTRACT FROM AUTHOR]