Voluntary Disclosure of Forward-Looking Earnings Information in Australia

Pamela Kent and Karen Ung
Additional contact information
Pamela Kent: UQ Business School, The University of Queensland, St Lucia, QLD, 4072.
Karen Ung: UQ Business School and KPMG, 15 Lake St, Cairns, QLD, 4870.

Australian Journal of Management, 2003, vol. 28, issue 3, 273-285

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.

Keywords: VOLUNTARY EARNINGS INFORMATION; NATURE; INCENTIVES (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:28:y:2003:i:3:p:273-285

DOI: 10.1177/031289620302800303

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