Does financial crisis affect financial reporting of good news and bad news

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2014-12-19 DOI:10.1504/IJAAPE.2014.066393

Mohammad Said Ressas, K. Hussainey

引用次数: 11

Abstract

The objective of this paper is to examine the impact of financial crisis on financial reporting of good news and bad news in the UK annual report narrative sections. We use the manual content analysis to measure levels of good news and bad news information for a sample of 110 chairman statements of financial institutions. Our sample covers a five year period (2006–2010), which represents the global financial crisis year (2008), two years before the crisis and two years after the crisis. Our regression analysis shows that UK financial companies disclose more good news information than bad news information. We also find that the crisis affects the financial reporting of good news and bad news. These results suggest that after controlling for other firm characteristics and corporate governance mechanisms, UK financial companies disclose more bad news information during and after the crisis period, while they disclose less good news during these periods.

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金融危机会影响财务报告的好消息和坏消息吗

本文的目的是研究金融危机对英国年度报告叙事部分的好消息和坏消息的财务报告的影响。本文采用人工内容分析的方法，对110家金融机构董事长声明样本进行了好消息和坏消息信息水平的度量。我们的样本涵盖了五年期(2006-2010)，这代表了全球金融危机年(2008年)，危机前两年和危机后两年。我们的回归分析表明，英国金融公司披露的好消息信息多于坏消息信息。我们还发现，危机影响了财务报告的好消息和坏消息。这些结果表明，在控制了其他公司特征和公司治理机制之后，英国金融公司在危机期间和危机后披露的坏消息更多，而在危机期间披露的好消息较少。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.