The communicative effectiveness of market risk disclosures in the annual report of financial firms: evidence from an understandability study
The study seeks evidence on the understandability of the textual narrative of market risk information by using the Cloze Procedure. Based on Bormuth’s 57 per cent cloze criterion reference point, the results show that the narrative is less understandable. Compared to other narrative from the same se...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Penerbit Universiti Kebangsaan Malaysia
1999
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| Online Access: | http://journalarticle.ukm.my/1734/ http://journalarticle.ukm.my/1734/ http://journalarticle.ukm.my/1734/1/922-1765-1-SM.pdf |