Abstract
This paper investigates whether the narrative section of Iranian companies’ annual reports satisfies the information requirements of financial analysts employed by institutional investors. Taking a group of stakeholders (i.e. financial analysts) as the sample, a questionnaire survey was conducted to identify their top three information needs from the narrative sections of company annual reports in each of three information categories: Present, Analytical and Prospective. Following this survey, a checklist was prepared to analyse whether Iranian companies are disclosing this information required by financial analysts. Overall, the results partially support stakeholder theory as there is a general lack of information flow on the part of Iranian listed companies in meeting their stakeholders’ information needs.
Keywords: Annual Reports, Narrative sections, Users’ information needs, Iranian companies
How to Cite:
Chatterjee, B., Mirshekary, S., Al Farooque, O. & Safari, M., (2010) “Users’ Information Requirements and Narrative Reporting: The Case of Iranian Companies”, Australasian Accounting, Business and Finance Journal 4(2), 79-96.
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