Financial statement adequacy and firms' MD&A disclosures

IF 3.2 3区 管理学 Q1 BUSINESS, FINANCE
Stephen V. Brown, Lisa A. Hinson, Jennifer Wu Tucker
{"title":"Financial statement adequacy and firms' MD&A disclosures","authors":"Stephen V. Brown,&nbsp;Lisa A. Hinson,&nbsp;Jennifer Wu Tucker","doi":"10.1111/1911-3846.12919","DOIUrl":null,"url":null,"abstract":"<p>Firms are required to provide financial information via the financial statements and the management discussion and analysis (MD&amp;A), a narrative explanation of the financial statements. Our study examines how firms use the MD&amp;A channel when their financial statement channel is inadequate. We focus on two textual attributes of the MD&amp;A: non-GAAP disclosure and forward-looking statements. We find that firms with less adequate financial statements discuss non-GAAP measures more and provide a larger number of forward-looking statements. We then identify the topics, and therefore the context, in which non-GAAP and forward-looking disclosures are provided. Our study provides evidence on <i>how</i> managers use the MD&amp;A, a relatively more flexible channel, to provide information when their financial statement channel is less adequate.</p>","PeriodicalId":10595,"journal":{"name":"Contemporary Accounting Research","volume":null,"pages":null},"PeriodicalIF":3.2000,"publicationDate":"2023-11-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Contemporary Accounting Research","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1911-3846.12919","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

Firms are required to provide financial information via the financial statements and the management discussion and analysis (MD&A), a narrative explanation of the financial statements. Our study examines how firms use the MD&A channel when their financial statement channel is inadequate. We focus on two textual attributes of the MD&A: non-GAAP disclosure and forward-looking statements. We find that firms with less adequate financial statements discuss non-GAAP measures more and provide a larger number of forward-looking statements. We then identify the topics, and therefore the context, in which non-GAAP and forward-looking disclosures are provided. Our study provides evidence on how managers use the MD&A, a relatively more flexible channel, to provide information when their financial statement channel is less adequate.

财务报表充分性与企业并购披露
公司需要通过财务报表和管理层讨论和分析(MD&A)提供财务信息,这是对财务报表的叙述性解释。我们的研究考察了企业在财务报表渠道不足的情况下如何使用md&a渠道。我们重点关注md&a的两个文本属性:非公认会计准则披露和前瞻性陈述。我们发现,财务报表不充分的公司更多地讨论非公认会计准则指标,并提供更多的前瞻性报表。然后,我们确定主题,从而确定提供非公认会计准则和前瞻性披露的背景。我们的研究为管理者如何在财务报表渠道不够充分的情况下使用相对更灵活的md&a渠道来提供信息提供了证据。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
CiteScore
6.20
自引率
11.10%
发文量
97
期刊介绍: Contemporary Accounting Research (CAR) is the premiere research journal of the Canadian Academic Accounting Association, which publishes leading- edge research that contributes to our understanding of all aspects of accounting"s role within organizations, markets or society. Canadian based, increasingly global in scope, CAR seeks to reflect the geographical and intellectual diversity in accounting research. To accomplish this, CAR will continue to publish in its traditional areas of excellence, while seeking to more fully represent other research streams in its pages, so as to continue and expand its tradition of excellence.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信