The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users

This study examines the importance and usefulness of corporate annual reports in Malaysia. Unlike prior research, which investigates the users' perceptions (e.g. Anderson, 1981; Abu Nassar and Rutherford, 1996; Naser et al, 2003; Al-Razeen and Karbhari, 2004; Mirshekary and Saudagaran, 2005), t...

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Main Author:	Mohd Ghazali, Nazli Anum
Format:	Book Chapter
Language:	English
Published:	IIUM Press 2009
Subjects:	H Social Sciences (General)
Online Access:	http://irep.iium.edu.my/7067/ http://irep.iium.edu.my/7067/ http://irep.iium.edu.my/7067/1/The_Importance_and_Usefulness_of_Corporate_Annual_Reports_in_Malaysia_-_Views_of_Preparers_and_Users.pdf

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recordtype	eprints
spelling	iium-70672011-11-22T10:30:19Z http://irep.iium.edu.my/7067/ The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users Mohd Ghazali, Nazli Anum H Social Sciences (General) This study examines the importance and usefulness of corporate annual reports in Malaysia. Unlike prior research, which investigates the users' perceptions (e.g. Anderson, 1981; Abu Nassar and Rutherford, 1996; Naser et al, 2003; Al-Razeen and Karbhari, 2004; Mirshekary and Saudagaran, 2005), this study looks at the perceptions of preparers and users of corporate annual reports in an attempt to find if there is a gap between what users and preparers perceived about annual reports. A questionnaire survey was carried out to elicit opinions from the chief financial officers and investment analysts. The findings appear to suggest that while preparers regarded the annual reports as the most importance source of corporate information, users ranked the annual report second importance after visits to company and communication with the managements. The difference in opinions regarding the importance of visits to company and communication with the management was found to be statistically significant at the 5% level. Nonetheless, both groups of respondents were of the same view that the income statement and cash flow statement were the most important sections of the annual reports. The Chairman's Statement was found to be least important. On the issue of current disclosures in annual reports are already adequate, preparers believed that they need slight improvement (mean score = 2.35) while users felt that some improvements are required (mean score + 3.06). Preparers and users had different opinions on whether there should be more disclosure, preparers tend to agree moderately (mean score = 3.53). These differences were statistically significant at 5% level. Although a higher proportion of users were of the opinion that additional disclosures should be mandated, the proportion was not significantly different from that of preparers. IIUM Press 2009 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/7067/1/The_Importance_and_Usefulness_of_Corporate_Annual_Reports_in_Malaysia_-_Views_of_Preparers_and_Users.pdf Mohd Ghazali, Nazli Anum (2009) The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users. In: Proceedings of the Seminar on Research Findings 2008. IIUM Press, Kuala Lumpur, pp. 275-287. ISBN 9789833855780 http://rms.research.iium.edu.my/bookstore/Products/115-wwwgooglecom.aspx
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	H Social Sciences (General)
spellingShingle	H Social Sciences (General) Mohd Ghazali, Nazli Anum The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users
description	This study examines the importance and usefulness of corporate annual reports in Malaysia. Unlike prior research, which investigates the users' perceptions (e.g. Anderson, 1981; Abu Nassar and Rutherford, 1996; Naser et al, 2003; Al-Razeen and Karbhari, 2004; Mirshekary and Saudagaran, 2005), this study looks at the perceptions of preparers and users of corporate annual reports in an attempt to find if there is a gap between what users and preparers perceived about annual reports. A questionnaire survey was carried out to elicit opinions from the chief financial officers and investment analysts. The findings appear to suggest that while preparers regarded the annual reports as the most importance source of corporate information, users ranked the annual report second importance after visits to company and communication with the managements. The difference in opinions regarding the importance of visits to company and communication with the management was found to be statistically significant at the 5% level. Nonetheless, both groups of respondents were of the same view that the income statement and cash flow statement were the most important sections of the annual reports. The Chairman's Statement was found to be least important. On the issue of current disclosures in annual reports are already adequate, preparers believed that they need slight improvement (mean score = 2.35) while users felt that some improvements are required (mean score + 3.06). Preparers and users had different opinions on whether there should be more disclosure, preparers tend to agree moderately (mean score = 3.53). These differences were statistically significant at 5% level. Although a higher proportion of users were of the opinion that additional disclosures should be mandated, the proportion was not significantly different from that of preparers.
format	Book Chapter
author	Mohd Ghazali, Nazli Anum
author_facet	Mohd Ghazali, Nazli Anum
author_sort	Mohd Ghazali, Nazli Anum
title	The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users
title_short	The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users
title_full	The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users
title_fullStr	The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users
title_full_unstemmed	The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users
title_sort	importance and usefulness of corporate annual reports in malaysia: views of preparers and users
publisher	IIUM Press
publishDate	2009
url	http://irep.iium.edu.my/7067/ http://irep.iium.edu.my/7067/ http://irep.iium.edu.my/7067/1/The_Importance_and_Usefulness_of_Corporate_Annual_Reports_in_Malaysia_-_Views_of_Preparers_and_Users.pdf
first_indexed	2023-09-18T20:16:19Z
last_indexed	2023-09-18T20:16:19Z
_version_	1777407811406266368

The importance and usefulness of corporate annual reports in Malaysia: views of preparers and users

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