¿Es neutral la información sobre resultados?

  1. Oscar Suárez Fernández 1
  1. 1 Universidade de Santiago de Compostela
    info

    Universidade de Santiago de Compostela

    Santiago de Compostela, España

    ROR https://ror.org/030eybx10

Journal:
Revista de contabilidad = Spanish accounting review: [RC-SAR]

ISSN: 1138-4891

Year of publication: 2016

Volume: 19

Issue: 2

Pages: 204-215

Type: Article

DOI: 10.1016/J.RCSAR.2015.09.001 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Revista de contabilidad = Spanish accounting review: [RC-SAR]

Abstract

Numerical financial statements, for a proper interpretation, need to be framed in a context of reference, information provided by the company in its narrative information. The aim ofthis work is the study ofthe neutrality of the director’s report, fundamental quality so that the information given by the companies was reliable and, therefore, of quality. For this analysis the employment of diverse strategies of manipulation of the narrative information during the period 2007-2009 in a sample of listed Spanish companies. The results achieved support the hypothesis that the narrative information is oriented toward public relations, being used to try to build and to project a certain image. Thus, when the companies suffer a deterioration in its financial performance, there are few objectives in the description its performance: provide difficult to read information. A pessimistic tone is not used and do not give more bad news than good. Furthermore, in these companies, there is a tendency to attribute the responsibility of the bad news to external factors.

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