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| Author: | Clatworthy, M. Jones, M.J. |
| Title: | Financial reporting of good news and bad news: evidence from accounting narratives |
| Journal: | Accounting and Business Research
2003 : VOL. 33:3, p. 171-185 |
| Index terms: | Financial reporting United Kingdom |
| Freeterms: | Accounting narratives |
| Language: | eng |
| Abstract: | It is suggested by research that accounting narratives are widely used and considered important in the investment decisions of private and institutional investors. However, they are unaudited and thus may be subject to impression management. The focus of this article is on the chairman's narratives of the top 50 and bottom 50 listed UK companies ranked by percentage change in profit before taxation. It is examined whether companies with improving and declining performance report good and bad news in different ways. The results show that both groups of companies prefer to emphasise the positive aspects of their performance. |
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