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Annual corporate information: importance and use in Saudi Arabia

Al-Razeen, Abdulrahman and Karbhari, Yusuf 2004. Annual corporate information: importance and use in Saudi Arabia. Managerial Auditing Journal 19 (1) , pp. 117-133. 10.1108/02686900410509910

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This study examines the perceptions of the users of annual corporate reports in Saudi Arabia. The focus is on the use and importance of the seven different sources of corporate information contained in Saudi annual reports. This includes the board of director's report, the auditor's report, the balance sheet, the income statement, the statement of retained earnings, cash flow statements and the notes to the financial statements. Our sample comprises five major user groups, namely individual investors, institutional investors, creditors, government officials, and financial analysts. In comparison with previous research efforts elsewhere around the world, this study found that the balance sheet and the income statement are the most important sections of the annual report to most of the Saudi users’ groups. The board of directors’ report was found to be the least popular. As far as the cash flow statement is concerned, the individual investors were found to place much less importance to this statement, a finding that is similar to what has been reported in previous literature about investor behaviour in other areas of the world.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Uncontrolled Keywords: Annual reports; Corporate finances; Disclosure; Quality; Saudi Arabia
Publisher: Emerald
ISSN: 0268-6902
Last Modified: 04 Jun 2017 04:25

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