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Characteristics of Firms that Issue Concise Financial Reports in Australia


Smith, BN, Characteristics of Firms that Issue Concise Financial Reports in Australia, Financial Reporting , Regulation & Governance, 4, (1) EJ ISSN 1449-2318 (2005) [Refereed Article]



This study represents quantitative replication research in the area of summarised annual reporting in Australia. It investigates the characteristics of 176 publicly listed Australian firms and through both univariate and multivariate analyses finds that firm size and shareholder dispersion are significant determinants of firms that voluntarily choose to issue Concise Financial Reports (CFRs). Given the nature of summarised reporting the implications of these findings are important for preparers, users, professional and regulatory bodies and academics. If the CFR is the only formal communication between large complex companies (Whittred, 1987) and large numbers of individual shareholders it is essential that relevant information is not merely summarised but represents complete, comparable and effectively communicated financial information.

Item Details

Item Type:Refereed Article
Keywords:concise financial reports Australia Australian firm characteristics size shareholders shareholder dispersion unsophisicated investors summary annual reports corporate attributes communication usefulness of financial reports CFR listed companies
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Financial accounting
Objective Division:Culture and Society
Objective Group:Communication
Objective Field:Communication not elsewhere classified
UTAS Author:Smith, BN (Dr Bernadette Smith)
ID Code:38669
Year Published:2005
Deposited By:Accounting and Accountability
Deposited On:2005-08-01
Last Modified:2010-05-28
Downloads:308 View Download Statistics

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