TY - JOUR
T1 - Determinants of the extent of forward looking information
T2 - Evidence from UK before financial crisis
AU - Abed, Suzan
AU - Al-Najjar, Basil
PY - 2016/3/14
Y1 - 2016/3/14
N2 - The study aims to propose a multi-theoretical framework based on information asymmetry and institutional theories by focusing on the OFR regulation changing period from 2004-2006. We carry out an empirical investigation to detect the extent of forward-looking information for a sample of 690 UK non-financial firm-year observations which are drawn from the top 500 UK. We show that the extent of voluntary disclosure of Forward Looking (FL) information is positively and significantly associated with growth opportunities, leadership, audit committee, competition rate, corporate size, and cross-listing. However, the extent of FL information is negatively and significantly associated with blockholders. This pp applies a multi-theoretical lens based on information asymmetry and institutional theories are employed in order to identify potential new determinants of voluntary disclosure in regards to forward-looking information in the UK context.
AB - The study aims to propose a multi-theoretical framework based on information asymmetry and institutional theories by focusing on the OFR regulation changing period from 2004-2006. We carry out an empirical investigation to detect the extent of forward-looking information for a sample of 690 UK non-financial firm-year observations which are drawn from the top 500 UK. We show that the extent of voluntary disclosure of Forward Looking (FL) information is positively and significantly associated with growth opportunities, leadership, audit committee, competition rate, corporate size, and cross-listing. However, the extent of FL information is negatively and significantly associated with blockholders. This pp applies a multi-theoretical lens based on information asymmetry and institutional theories are employed in order to identify potential new determinants of voluntary disclosure in regards to forward-looking information in the UK context.
KW - Computersised content analysis
KW - Forward-Looking information
KW - Information asymmetry
KW - Institutional theory
KW - Leadership
KW - QSR nvivo 8
UR - http://www.scopus.com/inward/record.url?scp=84986888096&partnerID=8YFLogxK
U2 - 10.22495/cocv13i3p2
DO - 10.22495/cocv13i3p2
M3 - Article
AN - SCOPUS:84986888096
VL - 13
SP - 17
EP - 32
JO - Corporate Ownership and Control
JF - Corporate Ownership and Control
SN - 1727-9232
IS - 3
ER -