Unverifiable net assets ratio and annual report reading difficulty

Wray Bradley; Wen Chyuan Chiang; Li Sun

doi:10.1504/ijrm.2021.114968

Unverifiable net assets ratio and annual report reading difficulty

International Journal of Revenue Management ◽

10.1504/ijrm.2021.114968 ◽

2021 ◽

Vol 12 (1/2) ◽

pp. 104

Author(s):

Wray Bradley ◽

Wen Chyuan Chiang ◽

Li Sun

Keyword(s):

Annual Report ◽

Reading Difficulty ◽

Net Assets

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Unverifiable Net Assets Ratio and Annual Report Reading Difficulty

International Journal of Revenue Management ◽

10.1504/ijrm.2021.10036945 ◽

2021 ◽

Vol 12 (1) ◽

pp. 1

Author(s):

Wen Chyuan Chiang ◽

Wray Bradley ◽

Li Sun

Keyword(s):

Annual Report ◽

Reading Difficulty ◽

Net Assets

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Risk Management Committee, Financial Reporting Quality and Financial Performance of Deposit Money Banks in Nigeria

Research in World Economy ◽

10.5430/rwe.v11n5p288 ◽

2020 ◽

Vol 11 (5) ◽

pp. 288

Author(s):

Joseph Ugochukwu Madugba ◽

Egbide Ben-Caleb ◽

Innocent I. Okpe ◽

Oludare, S. Fadoju ◽

Ben-Caleb Jane Ogochukwu ◽

...

Keyword(s):

Risk Management ◽

Financial Reporting ◽

Annual Report ◽

Developing Economies ◽

Reporting Quality ◽

Financial Reporting Quality ◽

Management Committee ◽

Banking Organization ◽

Net Assets ◽

Risk Management Committee

This Paper examined risk management committee and financial reporting quality on performance of banks in Nigeria with objective of finding out if risk management committee and financial reporting quality affect liquidity of the banks in our study. The data was gotten from annual report of the banks and Central Bank of Nigeria (CBN) statistical bulletin. Out of sixteen deposit money banks, five banks were used for a period of five years 2012-2016. The hypotheses were tested and the result showed that risk management committee does not affect liquidity level of the banks. However, financial reporting quality affect the net assets value per share of banks in Nigeria and the researcher recommended that there is need to strengthen the risk management committee at every banking organization in Nigeria and greater focus should be given to global reporting to ensure that Nigerian banks can compete favourably with that of other developing economies.

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Proximity to broad bond rating change and annual report readability

Asian Review of Accounting ◽

10.1108/ara-06-2020-0096 ◽

2021 ◽

Vol 29 (2) ◽

pp. 227-250

Author(s):

Wray Bradley ◽

Li Sun

Keyword(s):

Annual Report ◽

Economic Consequences ◽

Reading Difficulty ◽

Annual Reports ◽

Disclosure Quality ◽

Bond Rating ◽

Content Type ◽

Large Panel ◽

The Impact ◽

Rating Change

PurposeThe purpose of this study is to examine the impact of proximity to broad bond rating change on annual report reading difficulty.Design/methodology/approachWe use regression analysis to examine the association between proximity to broad bond rating change and reading difficulty of annual report.FindingsUsing a large panel sample with 11,767 firm-year observations representing 1,474 unique US companies from 1994 to 2016, we find a significant positive relation between proximity to broad bond rating change and annual report reading difficulty, which suggests that the annual reports of borderline firms are difficult for stakeholders to read and understand.Originality/valueBy investigating whether and how borderline firms manipulate readability of annual reports, our study contributes to bond rating research in finance literature and disclosure quality research in accounting literature. To the best of our knowledge, this study is perhaps the first empirical study that directly tests the link between proximity to broad bond rating change and annual report readability. In particular, the majority of prior studies concentrate on the economic consequences of annual report readability, but few studies investigate the determinants of readability. Therefore, examining the impact of proximity to broad bond rating change on readability contributes to a more comprehensive understanding of annual report readability.

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