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- Publisher
- SAGE
- Copyright
- Copyright © by SAGE Publications
- ISSN
- 0312-8962
- eISSN
- 1327-2020
- DOI
- 10.1177/031289620302800303
- Publisher site
- See Article on Publisher Site
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.
Journal
Australian Journal of Management – SAGE
Published: Dec 1, 2003