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The effect of CEOs’ characteristics on forward-looking information

Alqatamin, R and Ali, Z and Arun, T (2017) 'The effect of CEOs’ characteristics on forward-looking information.' Journal of Applied Accounting Research, 18 (4). 402 - 424. ISSN 0967-5426

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Abstract

Purpose - This paper aims to examine the effect of CEOs’ characteristics on the level of FLI disclosure. Design/methodology/approach - The study uses a disclosure index to measure the level of FLI and employs random-effect and panel data regressions to examine the relationship between CEOs’ characteristics and the level of FLI disclosure. The sample consists of 201 non-financial companies listed on the Amman Stock Exchange (ASE) for the period 2008-2013. Findings - The results show that the CEO age has a significant negative relationship with the level of FLI, whereas gender and overconfidence have a significant positive association with it. Practical implications - The results could be beneficial for a number of users of financial information, such as regulators, investors, auditors and lenders to make better decisions. Originality/value – The current study offers evidence of the effect of CEO characteristics on the level of FLI disclosure statements, particularly through narrative disclosures.

Item Type: Article
Uncontrolled Keywords: Voluntary disclosure, Forward-looking information disclosure, CEOs' characteristics, Jordan
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Social Sciences > Essex Business School
Faculty of Social Sciences > Essex Business School > Essex Accounting Centre
Depositing User: Jim Jamieson
Date Deposited: 14 Feb 2017 12:22
Last Modified: 23 Nov 2017 15:15
URI: http://repository.essex.ac.uk/id/eprint/19099

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