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003			ZW-GwMSU
005			20240819132136.0
008			240819b |||||||| |||| 00| 0 eng d
022			_a00014788
040			_aMSU _bEnglish _cMSU _erda
050	0	0	_aHD30.4 ACC
100	1		_aJohansen, Thomas Riise _eauthor
245	1	0	_aPrioritising disclosures in the annual report _ccreated by Thomas Riise Johansen and Thomas Plenborg
264	1		_aAbingdon: _bRoutledge, _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aAccounting and business research _vVolume , number ,
520	3		_aDrawing upon information economics, this paper presents a relative assessment of 24 of the most common disclosure items in the management commentary and notes sections of the annual report. We design and conduct an Internet survey using a large representative sample of users with an investment focus (n = 288) and preparers of annual reports (n = 89). Using cost-effectiveness analysis, an evaluation method widely used in healthcare economics, the balance between preparation costs and user satisfaction, relative to user demand is assessed. Our main findings show that corporate social responsibility and corporate governance, the least demanded disclosure items in the management commentary, are also costly items to prepare. Further, preparers do not consider indirect costs (i.e. competitive position costs and potential litigation costs) of information provided in the management commentary to be a major concern. With regard to the notes, we find that business combinations (IFRS 3), financial instruments (IFRS 7) and impairment tests (IAS 36) are highly demanded but are also among the items most costly to prepare, and users are less satisfied with these notes. The findings have important implications for practitioners and policy-makers and can be used for setting priorities.
650			_aAnnual report _vManagement commentary _xCost-effectiveness analysis
700	1		_aPlenborg, Thomas _eco-author
856			_uhttps://doi.org/10.1080/00014788.2013.827105
942			_2lcc _cJA
999			_c166781 _d166781