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Relationship Between Annual Report Readability and Corporate Financial Performance

Relationship Between Annual Report Readability and Corporate Financial Performance Annual financial reports, which all public corporations are legally required to publish, are the convential means of communication between managers of a firm who act as agents and the stockholders owners of the firm who are the principals. These financial reports are also of great interest to other stakeholders in the firm, namely the employees of the firm, its suppliers, customers, bondholders, the investment community, and society at large. Through annual financial reports, management can disseminate information that reduces uncertainty about the firm in the minds of the stockholders It reassures the employees and bondholders of the firm and suppliers to the firm that their economic stake in the company is secure. It allows the investment community to make forecasts about the future returns to investors from the firm's securities. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research News Emerald Publishing

Relationship Between Annual Report Readability and Corporate Financial Performance

Eugene Baker, H.; Kare, Dilip D.
Management Research News , Volume 15 (1): 4 – Jan 1, 1992
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References (8)

Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0140-9174
DOI
10.1108/eb028188
Publisher site
See Article on Publisher Site

Abstract

Annual financial reports, which all public corporations are legally required to publish, are the convential means of communication between managers of a firm who act as agents and the stockholders owners of the firm who are the principals. These financial reports are also of great interest to other stakeholders in the firm, namely the employees of the firm, its suppliers, customers, bondholders, the investment community, and society at large. Through annual financial reports, management can disseminate information that reduces uncertainty about the firm in the minds of the stockholders It reassures the employees and bondholders of the firm and suppliers to the firm that their economic stake in the company is secure. It allows the investment community to make forecasts about the future returns to investors from the firm's securities.

Journal

Management Research News – Emerald Publishing

Published: Jan 1, 1992

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