Future orientation of narrative information in European half-yearly financial reports

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dc.contributor Aalto University en
dc.contributor Aalto-yliopisto fi
dc.contributor.author Tiainen, Heli
dc.date.accessioned 2011-11-14T11:23:44Z
dc.date.available 2011-11-14T11:23:44Z
dc.date.issued 2010
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/579
dc.description.abstract PURPOSE OF THE STUDY The purpose of the study is to reveal the common characteristics that connect companies with future-oriented reporting. The reporting practices of European companies regarding time orientation, amount of content and readability are also analyzed. The study is premised on the pioneering field of research combining content analysis, narrative information, and time orientation, pursuing to enable further investigation of the value relevance of future-oriented reporting. DATA The sample involves 360 public companies listed on the STOXX Europe Total Market Index and domiciled in the European Union member states. The data consists of the narrative parts of the companies’ half-yearly financial reports published in 2008 and 2009. Future orientation is measured as the proportion of future tense verbs from all verbs. RESULTS The findings of the multivariate regression analysis show that the regional background (involving the legal system and culture) can be utilized to predict changes in the future orientation of reporting. Furthermore, higher proportion of equity and multinationality measured by foreign sales are positively associated with future-oriented reporting, whereas firm size is negatively related to future-oriented reporting. The variables of dividend yield and growth also appear to have some statistical significance. en
dc.format.extent 82
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.title Future orientation of narrative information in European half-yearly financial reports en
dc.type G2 Pro gradu, diplomityö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Economics en
dc.contributor.department Department of Accounting and Finance en
dc.contributor.department Laskentatoimen ja rahoituksen laitos fi
dc.subject.keyword future orientation
dc.subject.keyword tulevaisuussuuntautuneisuus
dc.subject.keyword verb tenses
dc.subject.keyword verbin aikamuodot
dc.subject.keyword narrative reporting
dc.subject.keyword kerronnallinen raportointi
dc.subject.keyword financial disclosure
dc.subject.keyword taloudellinen tiedonanto
dc.subject.keyword half-yearly financial report
dc.subject.keyword puolivuotiskatsaus
dc.identifier.urn URN:NBN:fi:aalto-201111181491
dc.type.dcmitype text en
dc.programme.major Accounting en
dc.programme.major Laskentatoimi fi
dc.type.ontasot Master's thesis en
dc.type.ontasot Pro gradu tutkielma fi
dc.subject.helecon laskentatoimi
dc.subject.helecon accounting
dc.subject.helecon vuosikertomukset
dc.subject.helecon annual reports
dc.subject.helecon raportit
dc.subject.helecon reports
dc.subject.helecon rahoitus
dc.subject.helecon financing
dc.subject.helecon tieto
dc.subject.helecon knowledge
dc.subject.helecon tulevaisuus
dc.subject.helecon future
dc.ethesisid 12447
dc.date.dateaccepted 2010-12-01
dc.location P1 I


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