Usefulness of the Corporate Annual Reports: Evidence from Dhaka Stock Exchange

Md. Abdullah Babu () and Md. Muktadir Hossain
Additional contact information
Md. Abdullah Babu: UIU
Md. Muktadir Hossain: KPMG

Asian Business Review, 2019, vol. 9, issue 1, 27-36

Abstract: Investors often make decisions based on information provided through different sources such as Corporate Annual Reports, Corporate news, and other media. This study is undertaken to examine the usefulness aspect of the corporate annual reports. A primary dataset composed of 38 participants of which 30 people were general investors and 8 people were stockbrokers was collected through a questionnaire survey. The study has found out that general investors perceive corporate annual reports, newspaper news, and media reviews are as the most significant sources of information. On the other hand, the study has established that stockbrokers consider company annual reports, interim reports, newspaper and media news, stock market publication, and technical analysis as the important sources of information. Also, to the general investors, most significant components of the annual reports are audit committee report, balance sheet, income statement, and statement of changes in equity, and 3 or 5-year reviews (including useful ratios). To the stockbrokers, the most essential components of the annual report are auditor's report to shareholders, balance sheet, income statement, and balance sheet notes. General investors read the balance sheet and income statement more thoroughly than any other components of annual reports. Stockbrokers read auditor's report to shareholders, balance sheet, income statement, balance sheet notes, and income statement notes more thoroughly than any other components of annual reports.

Keywords: Corporate Annual Report; Investment Decision; General Investors; Stock Brokers (search for similar items in EconPapers)
JEL-codes: H54 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
https://abc.us.org/ojs/index.php/abr/article/view/242 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:asbure:0005

Access Statistics for this article

Asian Business Review is currently edited by Alim Al Ayub Ahmed

More articles in Asian Business Review from Asian Business Consortium Asian Business Consortium, 10-B-6, Darussalam Tower, Mirpur Road, Dhaka-1216, Bangladesh.
Bibliographic data for series maintained by Alim Al Ayub Ahmed ( this e-mail address is bad, please contact ).