Usefulness of Corporate Annual Reports to Individual Investors in Bangladesh

27 Pages Posted: 17 Sep 2014

Date Written: September 14, 2014

Abstract

The purpose of this paper is to examine Bangladeshi individual investors’ use of corporate annual report and their perceptions of 18 annual report sections. The data reported in this study were collected through a questionnaire survey. The 316 responses received were analysed using descriptive statistics, the chi-squared statistics, and the Student-Newman-Keuls multiple range test. The study reveals that just over one-third of the respondents regularly used corporate annual reports in which they have investment. Among the 18 annual report sections, traditional financial statements, namely the income statement, the balance sheet, and the cash flow statement were the most read and important sections using both the rating and ranking assessment methods. Corporate environmental report, essay and pictorial on operations are the least read and the least important sections. Lack of time, lack of usefulness, and lack of interest were attributable to general investors’ lack of readership of corporate annual report sections in Bangladesh.

Keywords: emerging markets, annual reports, Bangladesh, individual investors

JEL Classification: G19, G39

Suggested Citation

Biswas, Pallab Kumar and Bala, Swapan Kumar, Usefulness of Corporate Annual Reports to Individual Investors in Bangladesh (September 14, 2014). Available at SSRN: https://ssrn.com/abstract=2495974 or http://dx.doi.org/10.2139/ssrn.2495974

Pallab Kumar Biswas (Contact Author)

University of Otago ( email )

P.O. Box 56
Dunedin, Otago 9010
New Zealand
+64 3 679 8108 (Phone)

Swapan Kumar Bala

University of Dhaka ( email )

University of Dhaka
Ramna, Dhaka, 1000
Bangladesh

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