Summary annual reports: length, readability and content
| Autor: | Michael E. Bradbury, Tom Scott, Pei-Chi Kelly Hsiao |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
050208 finance
Index (economics) ComputerSystemsOrganization_COMPUTERSYSTEMIMPLEMENTATION fungi 05 social sciences Economics Econometrics and Finance (miscellaneous) Sample (statistics) 050201 accounting Audit Readability body regions Accounting Financial information 0502 economics and business Statistics skin and connective tissue diseases Finance Mathematics |
| Zdroj: | Accounting & Finance. 60:2145-2165 |
| ISSN: | 1467-629X 0810-5391 |
| DOI: | 10.1111/acfi.12370 |
| Popis: | This paper examines summary annual reports (SAR) as an alternative channel for communicating financial information. We use a sample of New Zealand local governments (councils) that are required to report audited SAR. Using various measures, we compare document length and readability of SAR and annual reports (AR). We find that SAR are approximately 10 percent of the AR length and both have a ___very difficult___ readability score. We then use a disclosure index to examine the relation between SAR report length and the level of disclosures. After controlling for other factors that impact the level of disclosure, we conclude that the reduction in SAR is driven by lower levels of content. We then discuss the policy implications of our findings. |
| Databáze: | OpenAIRE |
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