The quantity and quality of narrative disclosures in management reportsCNMV guide effect
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Universidad de La Rioja
info
ISSN: 0210-2412
Datum der Publikation: 2024
Ausgabe: 53
Nummer: 3
Seiten: 355-393
Art: Artikel
beta Ver similares en nube de resultadosAndere Publikationen in: Revista española de financiación y contabilidad
Zusammenfassung
This study examines how compliance with the CNMV Guide impacts narrative disclosures in listed companies' management reports from 2010 to 2016. Analyzing text and visual elements, we introduce a novel measure for visual content. Additionally, we create a quality indicator surpassing traditional methods to accurately assess disclosure quality.Examining consolidated management reports from 2010 to 2016, we track changes in the quantity and quality of narrative disclosures, their influencing factors, and interrelationships. Findings show significant increases in text and visual length, with visuals growing relative to text. Adherence to the CNMV guide positively impacts text quantity but not visual elements. Moreover, companies complying with the CNMV guide demonstrate higher information quality, effectively meeting stakeholders' needs. These results underscore the positive impact of the CNMV guide on narrative disclosures in listed companies. Our research contributes insights into disclosure dynamics and underscores the importance of adherence to reporting guidelines.
Informationen zur Finanzierung
Geldgeber
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MCIN/AEI
- REGI22/55
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