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The Utility of Annual Reports: An International Study

22 Pages Posted: 9 Mar 2011  

Lucia S. Chang

affiliation not provided to SSRN

Kenneth S. Most

affiliation not provided to SSRN

Carlos W. Brain

affiliation not provided to SSRN

Date Written: March 1983

Abstract

This article reports on a major study which is part of ongoing international research into the use and usefulness of financial statements for investment decisions. The survey reported covered 4,000 individual investors, 900 institutional investors and 900 financial analysts, in 3 countries. It was found that the 3 groups in all 3 countries revealed a strong belief in the importance of financial statements for investment decisions whether “buy” or “hold/sell.” It was also found that the individual investor group was far less homogeneous than previous research has assumed, and that cultural or social differences between countries do exist in this field.

Suggested Citation

Chang, Lucia S. and Most, Kenneth S. and Brain, Carlos W., The Utility of Annual Reports: An International Study (March 1983). Journal of International Business Studies, Vol. 14, Issue 1, pp. 63-84, 1983. Available at SSRN: https://ssrn.com/abstract=1781649 or http://dx.doi.org/10.1057/palgrave.jibs.8490507

Lucia S. Chang (Contact Author)

affiliation not provided to SSRN

No Address Available

Kenneth S. Most

affiliation not provided to SSRN

No Address Available

Carlos W. Brain

affiliation not provided to SSRN

No Address Available

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