Chairman statement characteristics and firms performance: a study of Malaysian construction companies
AbstractChairman statement in the corporate annual report is classified as narrative accounting and until today it remains as voluntary disclosure. Without guidelines by the accounting standards setters and close monitoring by the regulators, it is hypothesised that company management may exaggerate the qualitative explanation in the chairman statement to impress various groups of stakeholders. In 2008, as sub prima crisis effecting global economic, and eventually reaches Malaysian shore, one of the badly suffered sectors in construction industry. Therefore, this study attempts to examine how these construction companies disclosure their chairman statement in order to reflect the negative impact towards their bottom line financial reporting. Specifically, the study investigates whether there is a significant different between profitable and not profitable construction companies as well as increased or decreased revenue construction companies associate with the characteristics of chairman statement in the corporate annual report. The independent sample t-test showed that there are no significant different, except profitable construction companies tend to provide more picture and graphic in the chairman statement section while reporting their bottom line performance.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Inderscience Enterprises Ltd in its journal Int. J. of Managerial and Financial Accounting.
Volume (Year): 3 (2011)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.inderscience.com/browse/index.php?journalID=252
chairman statements; firm performance; construction industry; Malaysia; narrative accounting; voluntary accounting; corporate annual reports; voluntary disclosure; subprime crisis; financial crisis; negative impact; financial reporting; bottom line performance; profitability.;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).
If references are entirely missing, you can add them using this form.