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- Title
Summary annual reports: length, readability and content.
- Authors
Bradbury, Michael E.; Hsiao, Pei___Chi Kelly; Scott, Tom
- Abstract
This paper examines summary annual reports (SAR) as an alternative channel for communicating financial information. We use a sample of New Zealand local governments (councils) that are required to report audited SAR. Using various measures, we compare document length and readability of SAR and annual reports (AR). We find that SAR are approximately 10 percent of the AR length and both have a ___very difficult___ readability score. We then use a disclosure index to examine the relation between SAR report length and the level of disclosures. After controlling for other factors that impact the level of disclosure, we conclude that the reduction in SAR is driven by lower levels of content. We then discuss the policy implications of our findings.
- Subjects
NEW Zealand; LOCAL government
- Publication
Accounting & Finance, 2020, Vol 60, Issue 3, p2145
- ISSN
0810-5391
- Publication type
Article
- DOI
10.1111/acfi.12370