Business reporting : financial analysts expectations for management disclosures
Macfarquar, C. & Tooley, Stuart (2009) Business reporting : financial analysts expectations for management disclosures. New Zealand Journal of Applied Business Research, 7(1), pp. 1-23.
It is to be expected that managers will provide sufficient disclosure to enable informed assessments of firm performance and firm value. Through an investigation of the performance indicators used and/or desired by Australian and New Zealand financial analysts, this study identifies a state of continuing information asymmetry. The empirical results indicate that key performance drivers are under reported; especially in regard to measures of product quality and customer satisfaction, product and process innovation, and the competitive environment. Managers need to take cognisance of the importance for disclosure of non-financial operational-type information that focus on factors that create longer term value to complement the traditional reporting.
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|Item Type:||Journal Article|
|Keywords:||business reporting, financial analyst, management disclosure, firm performance|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > ACCOUNTING AUDITING AND ACCOUNTABILITY (150100) > Accounting Auditing and Accountability not elsewhere classified (150199)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2009 Manukau Institute of Technology|
|Deposited On:||27 Feb 2009 14:13|
|Last Modified:||29 Feb 2012 23:58|
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