Narrative reporting: the UK experience

Yeoh, Peter

doi:10.1108/17542431011044652

Cited by 10 publications

(10 citation statements)

References 18 publications

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“…For instance, in 1968, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (MD&A) was first introduced in the USA by Securities and Exchange Commission (Collins et al , 1993). Meanwhile, in the UK, “Operating and Financial Review” (OFR) was introduced as voluntary guidance in 1993 by ASB (Yeoh, 2010).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Currently, executives and board members are frequently seeking ways to improve the tools or mechanisms that bond its business strategy to performance (Adams, 2008). Thus, this will lead to effective communication with stakeholders and investors by providing their own narrative reporting (Adams, 2008; Yeoh, 2010). In modernization era, information is easily spread, especially through the internet and social media network which causing higher demand for an organization to provide more information regarding their activities and future strategies to stakeholders and investors (Abeysekera, 2013).…”

Section: Introductionmentioning

confidence: 99%

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Exploring the effects of corporate governance and human governance on management commentary disclosure

Said

Rahim

Hassan

2018

SRJ

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Purpose The purpose of this study is to investigate the influence of corporate governance and human governance on management commentary disclosure among Malaysian Public Listed in the Main Market, Bursa Malaysia. Design/methodology/approach The annual reports of 150 companies listed on the main market, Bursa Malaysia, for the year ended 2014, are examined to analyze the company’s management commentary disclosure using content analysis. A management commentary disclosure index was developed based on the five elements that had been established by the Malaysian Accounting Standards Board (MASB) in Practices of Management Commentary’s framework. The study considers four corporate governance mechanisms such as board composition, board size, board’s education and ownership structure. Structural equation modeling (SEM -PLS), partial least squares (PLS) and SmartPLS software were used to measure the impact of corporate governance and human capital on management commentary disclosure. Findings The results reveal that most of the information disclosure by Malaysian Listed companies was not presented in a complete and balanced manner and not providing an insight because they are more focused on describing the process. Besides, there was no clear link between companies’ strategies and performance measure. Consequently, the reporting is not balanced and cannot assist the shareholders in understanding the opportunities and risk associated with the business. The results, based on a structural model, indicated that only two variables, namely, board size and board independence, showed a positive and significant influence on the degree of disclosure information of management commentary. Board independence is the most significant variable that influences the degree of corporate governance and human capital on management commentary disclosure. Originality/value The study contributes to the information disclosure literature as it presents in empirical evidence proving that governance mechanism affects the management commentary disclosure of information by companies. This study also provides additional information which is expedient to other researchers since there is lack of studies in management commentary which relates the attributes of corporate and human governance mechanisms as key drivers in providing management commentary information. Importantly, this study will stimulate the interest of academics in research activities concerning the attributes of governance mechanisms and corporate and human governance on management commentary activities.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Exploring the effects of corporate governance and human governance on management commentary disclosure

Said

Rahim

Hassan

2018

SRJ

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“…In the assessment of non-financial narratives, e.g., a comprehensive method used in social sciences can be applied -content analysis. Weber (1985) defined it as a research method which "uses a set of procedures to draw reasonable conclusions based on the analysed text. The conclusions may refer to the message author, the message itself or the addressees of the message".…”

Section: Reporting As the Source Of Narrations Disclosed In Accountingmentioning

confidence: 99%

Accounting narratives and disclosures in reporting the case of Letters from the Management Board Presidents of selected companies in the light of narrative economics

Bąk

2021

EiP

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Motivation: At the initial stage of accounting evolution it was considered an economic science, closely related to the activities performed by economic entities in economic conditions. Therefore, narratives in economics should be considered a determinant for the development of narratives in accounting. The indication of narrative economics as a reference point for narration in accounting supplements the research gap, since nowadays narratives in accounting are most often interpreted as the narratives prepared by companies and addressed to the potential stakeholders in the context of achieving specific goals by the management board and company executives. Aim: The purpose of the article is to address the phenomenon of narrative accounting in the light of narrative economics and the evolution of reporting targeting non-financial information. Results: Economic narratives facilitate the understanding of numbers, extend and supplement financial information and allow for the interpretation of economic processes. The narratives coming from economics are processed and disclosed in accounting. They are an indispensable attribute of modern accounting as well as its narration. Reporting is an important instrument allowing narration in accounting (primarily non-financial reporting). The research confirms: positive messages included in the analysed Letters from Management Board Presidents; references in the text to economic factors and the characteristic financial and social activities in specific companies; indication of the key words in the text, among which the dominant ones are those with a positive overtone and also the ones relating to non-material resources; creating narrative reporting in order to develop and strengthen relationships with potential stakeholders.

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“…Khaled Hussainey, Thomas Schleicher y Martin Walker (2003) Stephen H. Bryan (1997, pp. 297-298) (Clarkson, Kao & Richardson, 1994;Schleicher, 2012;Sydserff & Weetman, 1999;Yeoh 2010).…”

Section: Retirada De Informaciónmentioning

confidence: 99%

Información financiera prospectiva: análisis comparado de su normalización y evidencia empírica

Jiménez

Muñoz-Merchante

2014

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Este artículo contribuye a mejorar el conocimientode las prácticas divulgativas de información financieraprospectiva, mediante una revisión de la normativacontable internacional y de la evidencia empírica. En primerlugar, el análisis comparativo de la normalización deeste tipo de información se aborda desde dos perspectivas.Por una parte, se identificaron los principios de adhesiónvoluntaria, recomendados por los más prestigiosos organismoscontables del mundo en las guías internacionales parala elaboración del Informe de gestión de las compañías cotizadas(ASB, 2006; CA, 2009a; CNMV, 2013; FRC, 2013;IASB, 2010; SEC, 2003). Por otra, se revisaron las normascontables que exigen, por imperativo legal, informaciónfinanciera prospectiva. Se eligieron tres casos de estudio:Estados Unidos, Reino Unido y Canadá, países que gozande una mayor tradición en este ámbito. Posteriormente, seanalizó la evidencia empírica que trata la información financieraprospectiva. Como resultado, se identificaron lasmetodologías aplicadas (análisis del contenido e índicesde divulgación), las líneas de investigación abiertas en estecampo y las principales conclusiones alcanzadas por losinvestigadores. Nuestro análisis confirma la utilidad de lainformación prospectiva para los inversores, así como suslimitaciones —escasez y sesgo en las previsiones—.

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Narrative reporting: the UK experience

Cited by 10 publications

References 18 publications

Exploring the effects of corporate governance and human governance on management commentary disclosure

Exploring the effects of corporate governance and human governance on management commentary disclosure

Accounting narratives and disclosures in reporting the case of Letters from the Management Board Presidents of selected companies in the light of narrative economics

Información financiera prospectiva: análisis comparado de su normalización y evidencia empírica

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