 Motivation for voluntary disclosure of cash flow statements in non-listed medium-sized companiesFinn Schøler International Journal of Behavioural Accounting and Finance, 2016, vol. 6, issue 1, 54-69 Abstract: In some EU member states, medium-sized companies are under the obligation to present a cash flow statement, but there are exemption rules similar to those for subgroups' exemption from presenting consolidated financial statements. In a sample consisting of 385 Danish companies, we found that 29 were actually exempted from presenting consolidated financial statements, but chose to voluntarily disclose the cash flow statement. In this study, we investigate the motivation that the companies had for voluntarily disclosing this information. Much to our surprise, for the majority tradition seemed to be the main motivating factor for presenting the cash flow statement, and not an intention of fulfilling the needs of the annual report's users. We also found that some of the companies that voluntarily disclosed information would like to discontinue doing so, but they did not dare to change the accounting practice because of a potential negative reaction. Keywords: voluntary disclosure; corporate transparency; cash flow statements; small and medium-sized enterprises; SMEs; non-listed companies; disclosure motivation; Denmark; annual reports; accounting. (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbeaf:v:6:y:2016:i:1:p:54-69 Access Statistics for this article More articles in International Journal of Behavioural Accounting and Finance from Inderscience Enterprises Ltd |
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