Voluntary disclosure of forward-looking earnings forecasts in Australia

Kent, Pamela and Ung, Karen (2003) Voluntary disclosure of forward-looking earnings forecasts in Australia. Australian Journal of Management, 28 3: 273-285. doi:10.1177/031289620302800303

Author Kent, Pamela
Ung, Karen
Title Voluntary disclosure of forward-looking earnings forecasts in Australia
Journal name Australian Journal of Management   Check publisher's open access policy
ISSN 0312-8962
Publication date 2003-12
Sub-type Article (original research)
DOI 10.1177/031289620302800303
Volume 28
Issue 3
Start page 273
End page 285
Total pages 13
Editor R. E. Marks
Place of publication Sydney, Australia
Publisher Australian Graduate School of Management
Collection year 2003
Language eng
Subject C1
729999 Economic issues not elsewhere classified
15 Commerce, Management, Tourism and Services
1501 Accounting, Auditing and Accountability
150103 Financial Accounting
Abstract This study examines the voluntary disclosure of future earnings information in annual reports for Australian listed companies. We find that most Australian companies in our sample do not provide quantitative earnings, forecasts in their annual reports, although more than half of the sample do disclose forward-looking information relating to earnings, without specifically disclosing point estimates for the future. These companies mostly supply qualitative information with a positive bias, while the remainder of the sample discloses no forward-looking information relating to earnings. Our findings also suggest that larger companies with less volatile earnings tend to provide more future earnings information than smaller companies with relatively volatile earnings.
Keyword Voluntary earnings information
Q-Index Code C1

Document type: Journal Article
Sub-type: Article (original research)
Collections: Excellence in Research Australia (ERA) - Collection
2004 Higher Education Research Data Collection
UQ Business School Publications
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Created: Wed, 15 Aug 2007, 01:26:01 EST