Metody pomiaru i determinant jakości informacji w raportach spółek giełdowych
Measurement methods and determinants of information quality in listed companies reports

Author(s): Jan Michalak
Subject(s): Economy, Business Economy / Management, Financial Markets
Published by: Wydawnictwo Uniwersytetu Łódzkiego
Keywords: reporting; information quality; business model; financial information; presentation of information; listed companies; spółki giełdowe; interesariusz; raporty spółek giełdowych; sprawozdania finansowe; Giełda Papierów Wartościowych; modele biznesowe
Summary/Abstract: The book is a holistic study of information quality disclosed in the reports of listed companies. Its primary objective is to define and investigate the quality of financial, non-financial information and the quality of information presentation. It describes and critically evaluates of scientific methods of information quality measurement. It provides analysis of determinants and economic consequences of diversified information quality. The book presents empirical research results aimed at measurement the level of information quality in the reports of listed companies in the Warsaw Stock Exchange. The research presented in the monograph cover various and complementary methods: abnormal accruals, disclosure index of information about the business model (developed specially for the study) and graph discrepancy index. The results of empirical studies create a comprehensive picture of the quality of information in reports of listed companies listed on the Warsaw Stock Exchange and its determinants. The quality of the information contained in these reports varies widely in all three aspects: financial information, non-financial and graphical presentation. Results of the study also show whether the factors like company size, level of debt, poor financial performance, preparation of financial statements compliant with IFRS, GRI standards application, audit quality, type of audit opinion, new strategy announcement in annual report significantly affect information quality. In the summary new directions for further research on the quality of the information in listed company reports are suggested.

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