تاثیر استراتژی کسب و کار بر خوانایی گزارش سالیانه
ترجمه نشده

تاثیر استراتژی کسب و کار بر خوانایی گزارش سالیانه

عنوان فارسی مقاله: تاثیر استراتژی کسب و کار بر خوانایی گزارش سالیانه
عنوان انگلیسی مقاله: The influence of business strategy on annual report readability
مجله/کنفرانس: مجله حسابداری و سیاست عمومی - Journal of Accounting and Public Policy
رشته های تحصیلی مرتبط: مدیریت، حسابداری
گرایش های تحصیلی مرتبط: مدیریت کسب و کار، مدیریت استراتژیک، مدیریت مالی، حسابداری مالی، سیستم های اطلاعاتی پیشرفته
کلمات کلیدی فارسی: خوانایی گزارش سالیانه، استراتژی کسب و کار، شاخص مه
کلمات کلیدی انگلیسی: Annual report readability، Business strategy، Fog index
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
نمایه: Scopus - Master Journal List - JCR
شناسه دیجیتال (DOI): https://doi.org/10.1016/j.jaccpubpol.2018.01.003
دانشگاه: Deakin Business School, Deakin University, Melbourne Burwood Campus, VIC 3125, Australia
ناشر: الزویر - Elsevier
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2018
ایمپکت فاکتور: 2/093 در سال 2017
شاخص H_index: 58 در سال 2019
شاخص SJR: 0/91 در سال 2017
شناسه ISSN: 0278-4254
شاخص Quartile (چارک): Q1 در سال 2017
فرمت مقاله انگلیسی: PDF
تعداد صفحات مقاله انگلیسی: 17
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
کد محصول: E11121
فهرست انگلیسی مطالب

Abstract


1- Introduction


2- Literature review and hypothesis development


3- Research design


4- Sample selection, descriptive statistics, and main results


5- Additional analysis


6- Robustness tests


7- Conclusion


References

نمونه متن انگلیسی مقاله

Abstract


Concerns about the complexity of firm disclosures have prompted regulators to initiate projects to improve the readability of annual reports. We investigate business strategy as a determinant of annual report readability. As business strategy fundamentally determines a firm’s product and market domain, technology, and organizational structure, it influences a firm’s operating complexity, environmental uncertainty and information asymmetry. Consequently, business strategy frames the level, wording, and complexity of disclosures. We capture a firm’s business strategy based on the Miles and Snow (1978) strategic typology and measure 10-K readability with Li’s (2008) Fog index. We find that firms pursuing an innovation-oriented prospector strategy have less readable 10-Ks relative to firms pursuing an efficiency-oriented defender strategy. We also find that prospectors display more negative and uncertainty tones while defenders exhibit more litigious tone in their 10-Ks. Our study provides useful insights to policy makers as it suggests that efforts to improve annual report readability may be limited for some firms given that business strategy is a fundamental determinant of readability and pronouncements accommodating different strategic orientations are not feasible.


Introduction


As the scope of reporting requirements has widened to a broader narrative including corporate governance, sustainability and responsibility, remuneration, enhanced disclosure regimes and long form audit reports, the complexity and materiality of information in annual reports is being questioned. This has prompted the international financial reporting community to initiate projects on streamlining annual reports to improve their readability. Responses in the US include the Securities and Exchange Commission (SEC)’s 1998 Plain English Mandate (SEC Rule 421 (d)) and the Financial Accounting Standards Board (FASB)’s ongoing Disclosure Framework project, initiated in 2009, with the objective of making financial statement disclosures more effective, coordinated and less redundant. Disclosure reform is also on the agenda of the International Accounting Standards Board (IASB) and the UK Financial Reporting Council (FRC). 1 Form 10-Ks report accounting numbers prepared in accordance with accounting standards, as well as unstructured textual narratives disclosing accounting policies and describing business operations and financial performance. When preparing annual reports, including the financial reports and accompanying notes, and the management discussion and analysis (MD &A) sections, managers have discretion over the content emphasized, and the language and writing style used in their narratives (Henry and Leone, 2016; Loughran and McDonald, 2014). Li (2010) argues that unstructured textual narratives in annual reports exhibit irregularities, ambiguities, and managerial opportunism. Form 10-K volume of pages and footnote disclosures has also increased, up 16 percent and 28 percent respectively over the six-year period 2004–2010, with evidence of disclosure repetition and redundancy (Iannoconi and Sinnett, 2011). Investors rely on information in 10-Ks to infer trading and pricing decisions (Cazier and Pfeiffer, 2016; Griffin, 2003; Huddart et al., 2007) and complex disclosures, including less readable annual reports, can impair users’ ability to process information, and hence affect their judgment and decision making (Li, 2008; Miller, 2010; You and Zhang, 2009). Consequently, policy makers and various capital market participants are increasingly concerned about the readability of 10-Ks that underpins the understandability and decision usefulness of information contained therein.

  • اشتراک گذاری در

دیدگاه خود را بنویسید:

تاکنون دیدگاهی برای این نوشته ارسال نشده است

تاثیر استراتژی کسب و کار بر خوانایی گزارش سالیانه
نوشته های مرتبط
مقالات جدید
پیوندها