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Association between corporate disclosure and information needs of company annual report users in Sri Lanka

Conference Paper


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Abstract


  • This paper examines the extent of disclosures in company annual reports of Sri Lankan listed

    companies and the user perceptions on the importance of information disclosed in company annual

    reports. For this purpose, annul reports of 65 Sri Lankan listed companies were analysed using a

    disclosure index. Furthermore, a questionnaire survey was conducted covering seven user groups to

    examine the importance they attached to various information items disclosed in company annual

    reports. The results of the study revealed a fairly high level of overall disclosure (69.8%) in Sri Lankan

    company annual reports with 90 per cent of the sample companies disclosing 43 per cent of

    information items examined by this study. It also showed that, in general, users have placed higher

    importance on the items relating to financial status, including cash position; present and future earnings

    including cash generation; and comparative status of the company. This study also identified an

    apparent gap between the information needs of users and the information disclosed by companies as

    some information items perceived by various users as important were not disclosed by any company or

    disclosed by a few companies. Since the studies done in this area in emerging markets such as Sri

    Lanka are limited, this study contributes to reducing the dearth of literature on corporate disclosure in

    the emerging markets.

Publication Date


  • 2008

Citation


  • De Zoysa, A. (2008). Association between corporate disclosure and information needs of company annual report users in Sri Lanka. In L. Khim Sen, M. Ang Chooi Hwa, H. Amin, M. Japang, J. Woryanta Taunson, O. Ai Yee, E. Schlicht & E. Anoruo (Eds.), ied International Business Conference 2008 (pp. 1086-1097). Malaysia: Labuan School of International Business and Finance, Universiti Malaysia Sabah (UMS).

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=2181&context=commpapers

Ro Metadata Url


  • http://ro.uow.edu.au/commpapers/1132

Start Page


  • 1086

End Page


  • 1097

Abstract


  • This paper examines the extent of disclosures in company annual reports of Sri Lankan listed

    companies and the user perceptions on the importance of information disclosed in company annual

    reports. For this purpose, annul reports of 65 Sri Lankan listed companies were analysed using a

    disclosure index. Furthermore, a questionnaire survey was conducted covering seven user groups to

    examine the importance they attached to various information items disclosed in company annual

    reports. The results of the study revealed a fairly high level of overall disclosure (69.8%) in Sri Lankan

    company annual reports with 90 per cent of the sample companies disclosing 43 per cent of

    information items examined by this study. It also showed that, in general, users have placed higher

    importance on the items relating to financial status, including cash position; present and future earnings

    including cash generation; and comparative status of the company. This study also identified an

    apparent gap between the information needs of users and the information disclosed by companies as

    some information items perceived by various users as important were not disclosed by any company or

    disclosed by a few companies. Since the studies done in this area in emerging markets such as Sri

    Lanka are limited, this study contributes to reducing the dearth of literature on corporate disclosure in

    the emerging markets.

Publication Date


  • 2008

Citation


  • De Zoysa, A. (2008). Association between corporate disclosure and information needs of company annual report users in Sri Lanka. In L. Khim Sen, M. Ang Chooi Hwa, H. Amin, M. Japang, J. Woryanta Taunson, O. Ai Yee, E. Schlicht & E. Anoruo (Eds.), ied International Business Conference 2008 (pp. 1086-1097). Malaysia: Labuan School of International Business and Finance, Universiti Malaysia Sabah (UMS).

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=2181&context=commpapers

Ro Metadata Url


  • http://ro.uow.edu.au/commpapers/1132

Start Page


  • 1086

End Page


  • 1097