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dc.contributor.authorBean, Anne
dc.contributor.authorIrvine, Helen
dc.date.accessioned2018-10-23T12:30:37Z
dc.date.available2018-10-23T12:30:37Z
dc.date.issued2015
dc.identifier.issn0001-4788
dc.identifier.doi10.1080/00014788.2015.1059312
dc.identifier.urihttp://hdl.handle.net/10072/340492
dc.description.abstractResponding to mixed evidence on the decision-usefulness of annual report disclosures for derivative financial instruments to capital market participants, and concerns identified by practice, this paper examines usefulness in a direct study of user perceptions. Interviews with analysts from Australia's four major banks reveal essential usefulness, limited by the disclosures' failure to reflect companies' actual use of derivatives throughout the period, and inability of users to understand companies' off-balance sheet risk and risk management practices from information considered generic and boilerplate. The research complements and extends existing archival and survey research and provides new evidence suggesting low-cost ways for increasing usefulness. It supports the International Accounting Standards Board's disclosure recommendations in its recent Discussion Paper: A Review of the Conceptual Framework for Financial Reporting, but, at the same time, highlights that for these proposed measures to be successful in relation to IFRS 7, they may need to address other issues. The research increases knowledge of the informational requirements of lenders, an important class of financial information user, and supports calls from practice for companies to improve their disclosure of material economic risks.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherTaylor & Francis
dc.relation.ispartofpagefrom602
dc.relation.ispartofpageto619
dc.relation.ispartofissue5
dc.relation.ispartofjournalAccounting and Business Research
dc.relation.ispartofvolume45
dc.subject.fieldofresearchFinancial Accounting
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchcode150103
dc.subject.fieldofresearchcode1501
dc.titleDerivatives disclosure in corporate annual reports: Bank analysts' perceptions of usefulness
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2015 Taylor & Francis (Routledge). This is an Accepted Manuscript of an article published by Taylor & Francis in Accounting and Business Research on 20 Aug 2015, available online: http://www.tandfonline.com/doi/10.1080/00014788.2015.1059312.
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gro.griffith.authorBean, Anne


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