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Does financial crisis affect financial reporting of good news and bad news?

Research output: Contribution to journalArticle

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Does financial crisis affect financial reporting of good news and bad news? / Ressas, Mohammad Said; Hussainey, Khaled.

In: International Journal of Accounting, Auditing and Performance Evaluation, Vol. 10, No. 4, 01.01.2014, p. 410-429.

Research output: Contribution to journalArticle

Harvard

Ressas, MS & Hussainey, K 2014, 'Does financial crisis affect financial reporting of good news and bad news?', International Journal of Accounting, Auditing and Performance Evaluation, vol. 10, no. 4, pp. 410-429. https://doi.org/10.1504/IJAAPE.2014.066393

APA

Ressas, M. S., & Hussainey, K. (2014). Does financial crisis affect financial reporting of good news and bad news? International Journal of Accounting, Auditing and Performance Evaluation, 10(4), 410-429. https://doi.org/10.1504/IJAAPE.2014.066393

Vancouver

Ressas MS, Hussainey K. Does financial crisis affect financial reporting of good news and bad news? International Journal of Accounting, Auditing and Performance Evaluation. 2014 Jan 1;10(4):410-429. https://doi.org/10.1504/IJAAPE.2014.066393

Author

Ressas, Mohammad Said ; Hussainey, Khaled. / Does financial crisis affect financial reporting of good news and bad news?. In: International Journal of Accounting, Auditing and Performance Evaluation. 2014 ; Vol. 10, No. 4. pp. 410-429.

Bibtex

@article{553ea7899b214183bfeb2fe9b367aad4,
title = "Does financial crisis affect financial reporting of good news and bad news?",
abstract = "The objective of this paper is to examine the impact of financial crisis on financial reporting of good news and bad news in the UK annual report narrative sections. We use the manual content analysis to measure levels of good news and bad news information for a sample of 110 chairman statements of financial institutions. Our sample covers a five year period (2006–2010), which represents the global financial crisis year (2008), two years before the crisis and two years after the crisis. Our regression analysis shows that UK financial companies disclose more good news information than bad news information. We also find that the crisis affects the financial reporting of good news and bad news. These results suggest that after controlling for other firm characteristics and corporate governance mechanisms, UK financial companies disclose more bad news information during and after the crisis period, while they disclose less good news during these periods.",
keywords = "financial reporting, good news, bad news, narrative disclosure, voluntary disclosure, chairman statements, the global financial crisis, UK",
author = "Ressas, {Mohammad Said} and Khaled Hussainey",
note = "This is an Accepted Manuscript of an article published in International Journal of Accounting, Auditing and Performance Evaluation on (2014), available online: http://dx.doi.org/10.1504/IJAAPE.2014.066393",
year = "2014",
month = jan,
day = "1",
doi = "10.1504/IJAAPE.2014.066393",
language = "English",
volume = "10",
pages = "410--429",
journal = "International Journal of Accounting, Auditing and Performance Evaluation",
issn = "1740-8008",
publisher = "Inderscience",
number = "4",

}

RIS

TY - JOUR

T1 - Does financial crisis affect financial reporting of good news and bad news?

AU - Ressas, Mohammad Said

AU - Hussainey, Khaled

N1 - This is an Accepted Manuscript of an article published in International Journal of Accounting, Auditing and Performance Evaluation on (2014), available online: http://dx.doi.org/10.1504/IJAAPE.2014.066393

PY - 2014/1/1

Y1 - 2014/1/1

N2 - The objective of this paper is to examine the impact of financial crisis on financial reporting of good news and bad news in the UK annual report narrative sections. We use the manual content analysis to measure levels of good news and bad news information for a sample of 110 chairman statements of financial institutions. Our sample covers a five year period (2006–2010), which represents the global financial crisis year (2008), two years before the crisis and two years after the crisis. Our regression analysis shows that UK financial companies disclose more good news information than bad news information. We also find that the crisis affects the financial reporting of good news and bad news. These results suggest that after controlling for other firm characteristics and corporate governance mechanisms, UK financial companies disclose more bad news information during and after the crisis period, while they disclose less good news during these periods.

AB - The objective of this paper is to examine the impact of financial crisis on financial reporting of good news and bad news in the UK annual report narrative sections. We use the manual content analysis to measure levels of good news and bad news information for a sample of 110 chairman statements of financial institutions. Our sample covers a five year period (2006–2010), which represents the global financial crisis year (2008), two years before the crisis and two years after the crisis. Our regression analysis shows that UK financial companies disclose more good news information than bad news information. We also find that the crisis affects the financial reporting of good news and bad news. These results suggest that after controlling for other firm characteristics and corporate governance mechanisms, UK financial companies disclose more bad news information during and after the crisis period, while they disclose less good news during these periods.

KW - financial reporting

KW - good news

KW - bad news

KW - narrative disclosure

KW - voluntary disclosure

KW - chairman statements

KW - the global financial crisis

KW - UK

U2 - 10.1504/IJAAPE.2014.066393

DO - 10.1504/IJAAPE.2014.066393

M3 - Article

VL - 10

SP - 410

EP - 429

JO - International Journal of Accounting, Auditing and Performance Evaluation

JF - International Journal of Accounting, Auditing and Performance Evaluation

SN - 1740-8008

IS - 4

ER -

ID: 4523081