The chairman’s statement ‐ A content analysis of discretionary narrative disclosures

Malcolm Smith (University of South Australia, Adelaide, Australia, and)
Richard J. Taffler (Cranfield University Management School, Cranfield, UK)

Accounting, Auditing & Accountability Journal

ISSN: 0951-3574

Publication date: 1 December 2000


Explores whether the firm’s discretionary narrative disclosures measure its financial risk of bankruptcy. Specifically examines the existence of an association between the content of the chairman’s statement and firm failure. Show that these statements are closely associated with financial performance, reinforcing the argument that such unaudited disclosures contain important information. The results have implications both for the form and content of future narrative disclosures by management.



Smith, M. and Taffler, R. (2000), "The chairman’s statement ‐ A content analysis of discretionary narrative disclosures", Accounting, Auditing & Accountability Journal, Vol. 13 No. 5, pp. 624-647.

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Copyright © 2000, MCB UP Limited

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