کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7415844 | 1482078 | 2018 | 17 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
The influence of business strategy on annual report readability
ترجمه فارسی عنوان
تاثیر استراتژی کسب و کار بر خوانش گزارش سالیانه
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کلمات کلیدی
گزارش سالانه قابل خواندن، استراتژی کسب و کار، شاخص تورم،
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
چکیده انگلیسی
Concerns about the complexity of firm disclosures have prompted regulators to initiate projects to improve the readability of annual reports. We investigate business strategy as a determinant of annual report readability. As business strategy fundamentally determines a firm's product and market domain, technology, and organizational structure, it influences a firm's operating complexity, environmental uncertainty and information asymmetry. Consequently, business strategy frames the level, wording, and complexity of disclosures. We capture a firm's business strategy based on the Miles and Snow (1978) strategic typology and measure 10-K readability with Li's (2008) Fog index. We find that firms pursuing an innovation-oriented prospector strategy have less readable 10-Ks relative to firms pursuing an efficiency-oriented defender strategy. We also find that prospectors display more negative and uncertainty tones while defenders exhibit more litigious tone in their 10-Ks. Our study provides useful insights to policy makers as it suggests that efforts to improve annual report readability may be limited for some firms given that business strategy is a fundamental determinant of readability and pronouncements accommodating different strategic orientations are not feasible.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Public Policy - Volume 37, Issue 1, JanuaryâFebruary 2018, Pages 65-81
Journal: Journal of Accounting and Public Policy - Volume 37, Issue 1, JanuaryâFebruary 2018, Pages 65-81
نویسندگان
Edwin KiaYang Lim, Keryn Chalmers, Dean Hanlon,