What do Australian annual reports say about future earnings?

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dc.contributor.author Choon, H
dc.contributor.author Smith, M
dc.contributor.author Taylor, SL
dc.date.accessioned 2010-05-28T09:53:57Z
dc.date.issued 2000-01
dc.identifier.citation Australian Accounting Review, 2000, 10 (1), pp. 17 - 25
dc.identifier.issn 1035-6908
dc.identifier.other C1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/10077
dc.description.abstract Among available 1990 and 1995 annual reports for the 150 largest ASX listed firms as at June 30, 1996, about 25% of firms provided some form of prospective earnings disclosure. However, these disclosures tended to be qualitative rather than quantitative, and any association between the direction of the implied change in earnings and the subsequent actual earnings change is not consistent between the 2 periods sampled. These results suggest that encouraging the provision of prospective earnings information as part of a report's management discussion and analysis may not produce benefits for investors, unless the resulting disclosures are of a higher quality than those which have been provided without any official encouragement to do so. The study provides evidence that forecasts and non-forecasters differ systematically in respect of likely product market competition, firm size, asset structure, ownership structure, audit quality and whether they are cross-listed on overseas stock exchanges. These results reinforce concerns that attempts to increase the extent of forward-looking earnings disclosures may not be beneficial for investors.
dc.format No Code
dc.publisher CPA Australia
dc.subject NA
dc.subject NA
dc.title What do Australian annual reports say about future earnings?
dc.type Journal Article
dc.parent Australian Accounting Review
dc.journal.volume 1
dc.journal.volume 10
dc.journal.number 1 en_US
dc.publocation Australia en_US
dc.identifier.startpage 17 en_US
dc.identifier.endpage 25 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150303 Corporate Governance and Stakeholder Engagement
dc.for 150103 Financial Accounting
dc.for 1501 Accounting, Auditing and Accountability
dc.personcode 0000025229 en_US
dc.personcode 0000025548 en_US
dc.personcode 104690 en_US
dc.percentage 50 en_US
dc.classification.name Financial Accounting en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords NA en_US
dc.description.keywords NA
dc.description.keywords NA
dc.description.keywords NA
dc.description.keywords NA
dc.description.keywords NA
dc.staffid 104690 en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Strength - Corporate Governance


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