The perceived credibility of forward-looking performance disclosures

Athanasakou, Vasiliki E.; Hussainey, Khaled

doi:10.1080/00014788.2013.867403

Cited by 80 publications

(76 citation statements)

References 104 publications

(152 reference statements)

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“…Hossain et al (2005) showed that growth opportunities are positively related to the extent of forward-looking disclosure. In the same way, Athanasakou and Hussainey (2009) showed that growth opportunities measured by book to market value is negatively related to forward-looking information. Hence, high growth companies are more likely to provide additional information to maximise shareholder value in the market.…”

Section: Growth Opportunitiesmentioning

confidence: 71%

“…The current study employs automated content analysis using computerised software, QSR NVivo 8, to investigate the extent of forward-looking Previous studies that used automated content analysis (e.g., Hussainey et al 2003;Beattie et al, 2004;Aljifri and Hussainey, 2007;Athanasakou and Hussainey, 2009) have employed Nudist software, which performs coding at the sentence level as a unit of code. In the current study coding is performed at the text unit as a unit of analysis.…”

Section: Previous Studies Employing Computerised Content Analysismentioning

confidence: 99%

“…The results of second-stage specification showed that there is a positive relationship between the disclosure of forward-looking information and stock price reaction. Additionally, Athanasakou and Hussainey (2009) examined whether investors assessed forecast reputation and reported earnings quality in order to ensure the creditability of forwardlooking statements in the narrative sections in the annual reports. The results of pooled OLS regression revealed that the market's responsiveness to forward-looking information is positively related to forecasting reputation, analyst following, and audit size, but that it is negatively related to decline in earnings and financial distress.…”

Section: Previous Studies Employing Computerised Content Analysismentioning

confidence: 99%

See 2 more Smart Citations

Determinants of the extent of forward looking information: Evidence from UK before financial crisis

Abed¹,

Al‐Najjar²

2016

COC

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The study aims to propose a multi-theoretical framework based on information asymmetry and institutional theories by focusing on the OFR regulation changing period from [2004][2005][2006]. We carry out an empirical investigation to detect the extent of forward-looking information for a sample of 690 UK non-financial firm-year observations which are drawn from the top 500 UK. We show that the extent of voluntary disclosure of Forward Looking (FL) information is positively and significantly associated with growth opportunities, leadership, audit committee, competition rate, corporate size, and cross-listing. However, the extent of FL information is negatively and significantly associated with blockholders. This paper applies a multi-theoretical lens based on information asymmetry and institutional theories are employed in order to identify potential new determinants of voluntary disclosure in regards to forwardlooking information in the UK context.

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Section: Growth Opportunitiesmentioning

confidence: 71%

Section: Previous Studies Employing Computerised Content Analysismentioning

confidence: 99%

Section: Previous Studies Employing Computerised Content Analysismentioning

confidence: 99%

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Determinants of the extent of forward looking information: Evidence from UK before financial crisis

Abed¹,

Al‐Najjar²

2016

COC

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“…Skinner (1994) found that bad news disclosures generate larger stock price reactions than good news. Athanasakou and Hussainey (2014) showed that narrative reduces market uncertainty about future earnings and increases the credibility of financial statements. Managers pursuing stockholder wealth maximisation will only disclose news likely to increase share prices.…”

Section: The Impact Of Td On Fpmentioning

confidence: 99%

Tone disclosure and financial performance: evidence from Egypt

Aly

El-Halaby

Hussainey

2018

ARJ

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Purpose This paper aims to examine the extent to which financial performance (FP) represents one of the main determinants for tone disclosure (TD) in Egyptian annual reports. The authors also measure the bidirectional relationship between TD and FP. Design/methodology/approach The manual content analysis is used to measure the levels of TD in annual reports for a sample of 105 firms listed on the Egyptian stock market. The sample covers a three-year period (2011-2013). Findings The descriptive analysis in this paper shows that Egyptian firms disclose more good news than bad news. Therefore, the net news disclosure, or net variances, between good/bad is positive. The empirical analysis shows a positive association between the narrative disclosure of good/bad news and FP based on return on assets. The authors also find a highly significant association between the auditor, profitability, leverage, firm growth and financial reporting of good/bad news information. Finally, the results of the ordinary least squares regression show that the causality between the two endogenous variables runs from FP to TD. Thus, TD is determined by FP. Originality/value This study offers a novel contribution to disclosure studies by being the first study to examine TD in one of the developing countries.

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“…is theme presents papers referring to factors concerning audit reports and the impacts that may a ect the clients of the nancial statements. As an example we list the analysis about fair value, as compulsory and voluntary disclosures, adjustments and errors existing in the nancial statements, disclosure of nancial reports in the internet, and presentation of transparency report (Athanasakou & Hussainey, 2014;Carcello & Li, 2013;Chen, Elder, & Hung, 2014;Chi, Dhaliwal, Li, & Lin, 2013;Luypaert & Van Caneghem, 2014). More than doubled, becoming the most identi ed in this area (36.3%) and it appears every year and all publications.…”

Section: Established Themesmentioning

confidence: 99%

Research in auditing: main themes

Porte

Saur-Amaral

Pinho

2018

Rev. contab. finanç.

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ABSTRACTe passage of the Sarbanes-Oxley Act (SOX) was a turning point in auditing and in auditors practice for the academic world. Research concerning the characterization of academic production related to auditing is in its third decade. Its analysis is accomplished by means of de nition of keywords, abstracts or title, and information on thematic association within the academic production itself in auditing is undisclosed. In order to revise this gap in auditing literature, this study identi ed the main themes in auditing and their association in post-SOX era by analyzing the content of objectives and hypothesis of 1,650 publications in Web of Science (2002Science ( -2014. e ndings in this study extended those from the study by Lesage and Wechtler (2012) from 16 auditing thematic typologies to 22. e results demonstrate that the themes audit report & nancial statement users, corporate governance, audit market, external audit, socio-economic data of the company, international regulation, and fraud risk & audit risk were the most addressed in the publications about auditing. Corporate governance has a broader association with the other themes in the area. Future researches may use these themes and relate them to the methodologies applied to audit studies.

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The perceived credibility of forward-looking performance disclosures

Cited by 80 publications

References 104 publications

Determinants of the extent of forward looking information: Evidence from UK before financial crisis

Determinants of the extent of forward looking information: Evidence from UK before financial crisis

Tone disclosure and financial performance: evidence from Egypt

Research in auditing: main themes

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