NUK - logo
E-viri
Celotno besedilo
Recenzirano
  • Corporate Nonfinancial Disc...
    Vanstraelen, Ann; Zarzeski, Marilyn T; Robb, Sean W G

    Journal of international financial management & accounting, 10/2003, Letnik: 14, Številka: 3
    Journal Article

    This paper presents evidence that companies across three continental European countries (Belgium, Germany, and the Netherlands) provide varying degrees of analyst recommended nonfinancial disclosures to the marketplace. This study is the first to examine the relationship of Jenkins Committee nonfinancial disclosure levels with the accuracy and dispersion of financial analysts' earnings forecasts. Seemingly unrelated regression tests show that larger companies and companies with a global focus voluntarily provide higher levels of both forward looking and historical nonfinancial disclosures. Additionally, higher levels of forward looking nonfinancial disclosures are associated with lower dispersion and higher accuracy in financial analysts' earnings forecasts. PUBLICATION ABSTRACT