The determinants of forward‐looking information in annual reports of UAE companies

By Khaled Aljifri, K. Hussainey. 2007

200 citations recorded by the source corpus.

Purpose – This paper aims to empirically explore the underlying factors that may affect the extent to which forward‐looking information is disclosed.Design/methodology/approach – This study uses a list of forward‐looking keywords to demonstrate the differences, if any, in the level of disclosure among firms and between sectors. The sample includes 46 companies listed in either the Dubai financial market or the Abu Dubai securities market. Statistical analysis is performed using a backward regression.Findings – Debt ratio and profitability are found to be significant; however, sector type, firm size, and auditor size are found to have insignificant association with the level of forward‐looking information disclosed in UAE annual reports.Practical implications – A number of users, such as investors, lenders, and auditors, may find these results beneficial. These users may consider the results of this study when they are dealing with firms that have low profitability and high financial risk. Accordingly, the...

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/af10e56ee9f89a293410ee8c4fec8f48ed99b7a0

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Citations in the corpus

UAE corporations‐specific characteristics and level of risk disclosure (2009, background): “However, little is known about the CRD in an emerging capital market, such as the UAE, except for Aljifri and Hussainey (2007)”
Determinants of forward-looking disclosures in integrated reporting (2018, background): “A signi ﬁ cant number of empirical studies have also reported a positive association between leverage and forward-looking disclosures (O ’ Sullivan et al. , 2008; Aljifri and Hussainey, 2007; Wang and Hussainey, 2013).”
Determinants of narrative risk disclosures in UK interim reports (2012, background): “For example, some studies found an insigniﬁcant relationship between the two variables (Wallace et al. ,1994; Aljifri and Hussainey, 2007 Narrative risk disclosures disclosure (Cooke, 1992; Mangena and Pike, 2005).”
Factors affecting corporate social responsibility disclosure in Egypt (2011, background): “Fourth, the annual report is consistently ranked highly as a communication source by different groups of stakeholders (Aljifri and Hussainey, 2007).”