Información financiera prospectivaanálisis comparado de su normalización y evidencia empírica

Referencias bibliográficas

• Abad, María Cristina, Bravo-Urquiza, Francisco. (2012). El papel del consejo de administración en la gestión de la información de carácter previsional. Revista AECA, Asociación Española de Contabilidad y Administración de Empresas. 97. 8-21
• Abed, Suzan, Al-Okdeh, Saleh, Nimer, Khalil. (2011). The Inclusion of Forecasts in the Narrative Sections of Annual Reports and their Association with Firms Characteristics: the Case of Jordan. International Business Research. 4. 264-271
• (2006). Operating and Financial Review. Reporting Statement, RS. Kingston upon Thames, Surrey: ASB Publications.
• (2007). A Review of Narrative Reporting by UK Listed Companies in 2006. The Financial Reporting Council Limited. London.
• (2009). Rising to the Challenge. A Review of Narrative Reporting by UK Listed Companies. The Financial Reporting Council Limited. London.
• (2009). A Review of Narrative Reporting by UK Listed Companies in 2008/2009. The Financial Reporting Council Limited. London.
• Aerts, Walter. (2001). Inertia in the Attributional Content of Annual Accounting Narratives. The European Accounting Review. 10. 3-32
• Ahmed, Kamran, Courtis, John K. (1999). Associations between Corporate Characteristics and Disclosure Levels in Annual Reports: A Meta-Analysis. The British Accounting Review. 31. 35-61
• Khaled, Aljifri, Khaled, Hussainey. (2007). The Determinants of Forward-Looking Information in Annual Reports of UAE Companies. Managerial Auditing Journal. 22. 881-894
• (1994). Improving Business Reporting - A Customer Focus: Meeting the Information Needs of Investors and Creditors. A comprehensive Report of the Special Committee on Financial Reporting (The Jenkins Report).
• (2001). Statement on Standards for Attestation Engagement (SSAE) 10. Attestation Standards: Revision and Recodification. AT Section 701: Managements Discussion and Analysis.
• (2006). Developments in Narrative Reporting: An ABI Position Paper.
• (2010). Hitting the Notes, but what's the Tune? An International Survey of CFO's Views on Narrative Reporting. ACCADeloitte. London.
• (2006). Tomorrow's Company, h2glenfern & Black Sun Plc. (2006). Visions of the Future "to the Extent Necessary: the Debate on the Future of Narrative Reporting,June.
• Balata, Breton, Gaétan. (2005). Narratives vs. Numbers in the Annual Report: Are They Giving the Same Message To The Investors?. Review of Accounting and Finance. 4. 5-25
• Banghoj, Jesper, Plenborg, Thomas. (2008). Value Relevance of Voluntary Disclosure in the Annual Report. Accounting and Finance. 48. 159-180
• Barron, Orie E, Kile, Charles O, O'Keefe, Terrence B. (1999). MD&A Quality as Measured by the SEC and Analysts' Earnings Forecasts. Contemporary Accounting Research. 16. 75-109
• Beattie, Vivien. (2005). Moving the Financial Accounting Research Front Forward: the UK Contribution. The British Accounting Review. 37. 85-114
• Beattie, Vivien, McInnes, Bill, Fearnley, Stella. (2004). Through the Eyes of Management: Narrative Reporting across Three Sectors-Final Report. Institute of Chartered Accountants in England and Wales, ICAEWCentre for Business Performance. London.
• Black, Sun. (2009). 100/08, New Challenge New Approach: Annual Analysis of FTSE100 Corporate Reporting 2008.
• Botosan, Christine A. (1997). Disclosure Level and the Cost of Equity Capital. The Accounting Review. 72. 323-349
• Botosan, Christine A, Plumlee, Marlene. (2002). A Re-examination of Disclosure Level and the Expected Cost of Equity Capital. Journal of Accounting Research. 40. 21-40
• Bozzolan, Saverio, Trombetta, Marco, Beretta, Sergio. (2009). Forward-Looking Disclosures, Financial Verifiability and Analysts' Forecasts: A Study of Cross-Listed European Firms. European Accounting Review. 18. 435-473
• Bravo-Urquiza, Francisco, Abad-Navarro, María Cristina, Trombetta, Marco. (2009). Disclosure Indices Design: Does it Make a Difference?. Spanish Accounting Review. 12. 253-277
• Bryan, Stephen H. (1997). Incremental Information Content of Required Disclosures Contained in Management Discussion and Analysis. The Accounting Review. 72. 285-301
• (2002). Management's Discussion and Analysis: Guidance on Preparation and Disclosure. Canadian Institute of Chartered Accountants, CICA. Toronto.
• (2009). Guidance Regarding the Application of Forward-Looking Information Requirements under National Instrument 51-102 Continuous Disclosure Obligations. Staff Notice 51330.
• (2008). CFO Beyond-GAAP Briefing. Forward-Looking Information. Chartered Accountants of Canada, CA. Toronto.
• (2008). 20 Questions Directors Should Ask about Management's Discussion and Analysis. 2. Chartered Accountants of Canada, CA. Toronto.
• (2008). MD&A Disclosures in Volatile and Uncertain Times. CPR Alert, Canadian Performance Reporting. 8. 1-4
• (2009). Management's Discussion and Analysis: Guidance on Preparation and Disclosure. Comprehensive revision. Canadian Institute of Chartered Accountants, CICA. Toronto.
• (2009). MD&A Disclosures in Volatile and Uncertain Times. Volume 2: Analyzing Change and Liquidity. CPR Alert, Canadian Performance Reporting. 10. 1-4
• Report leadership: corporate reporting rethought. Effective.
• Chlala, Nadi, Girard, Aline. (1993). Preparing Management Reports. Certified Management Accountants. CMA Magazine. 67. 31-35
• Clarkson, Peter M, Kao, Jennifer L, Richardson, Gordon D. (1994). The Voluntary Inclusion of Forecasts in the MD&A Section of Annual Reports. Contemporary Accounting Research. 11. 423-450
• Clarkson, Peter M, Kao, Jennifer L, Richardson, Gordon D. (1999). Evidence that Management Discussion and Analysis (MD&A) is a Part of a Firm's Overall Disclosure Package. Contemporary Accounting Research. 16. 111-134
• Clatworthy, Mark Anthony, Jones, Michael J. (2003). Financial Reporting of Good News and Bad News: Evidence from Accounting Narratives. Accounting and Business Research. 33. 171-185
• Clatworthy, Mark A, Jones, Michael J. (2006). Differential patterns of textual characteristics and company performance in the chairman's statement. Accounting, Auditing & Accountability Journal. 19. 493-511
• Collins, Daniel W, Kothari, S. P, Shanken, Jay, Sloan, Richard G. (1994). Lack of Timeliness and Noise as Explanations for the Low Contemporaneous Return-Earnings Association. Journal of Accounting and Economics. 18. 289-324
• (2013). Guía para la elaboración del informe de gestión de las sociedades cotizadas.
• (2000). Modern Company Law for a Competitive Economy: Developing the Framework. March, URN00/656.
• Copeland, Thomas. (1978). Efficient Capital Markets: Evidence and Implications for Financial Reporting. Journal of Accounting, Auditing and Finance. 2. 33-48
• Courtis, John K. (1998). Annual Report Readability of Annual Reports: Tests of the Obfuscation Hypothesis. Accounting, Auditing and Accountability Journal. 11. 459-471
• Courtis, John K. (2004). Corporate Report Obfuscation: Artefact or Phenomenon. The British Accounting Review. 36. 291-312
• (2006). Write to Reason. Surveying OFRs and Narrative Reporting in Annual Reports. Deloitte & Touche LLP. London.
• (2007). Written to Order. Surveying OFR's, EBR's and Narrative Reporting in Annual Reports. Deloitte & Touche LLP. London.
• (2008). Write from the Start. Surveying Narrative Reporting in Annual Reports. Deloitte & Touche LLP. London.
• (2009). A Telling Performance. Surveying Narrative Reporting in Annual Reports. Deloitte LLP. London.
• (2010). Swimming in Words. Surveying Narrative Reporting in Annual Reports. Deloitte LLP. London.
• (2011). Gems and Jetsam. Surveying Narrative Annual Reports. Deloitte LLP. London.
• (2010). The Future of Narrative Reporting. A Consultation. Department for BusinessInnovation and SkillsCrown Copyright, UK Government. London.
• (2011). The Future of Narrative Reporting. Consulting on a New Reporting Framework. Department for BusinessInnovation and SkillsCrown Copyright, UK Government. London.
• (2004). The Operating and Financial Review. Practical Guidance for Directors.
• Comments on Management Commentary. Discussion paper.
• Eikner, A. Eliane, Hefzi, Hassan, Glezen, G. William. (2000). Prospective Information in Managements' Discussion and Analysis: A Test of Incremental Information Content. The Journal of Interdisciplinary Studies. 13. 13-22
• (2005). The Enhanced Business Reporting Framework. EBR360,www.ebr360.org.
• (1978). Concept Statement 1: Objectives of Financial Reporting by Business Enterprises.
• (2001). Improving Business Reporting: Insights into Enhancing Voluntary Disclosures.
• (2006). Preliminary Views: Conceptual Framework for Financial Reporting: Objective of Financial Reporting and Qualitative Characteristics of Decision-Useful Financial Reporting Information. Financial Accounting Series (1260-001, July 6). Financial Accounting Standards Board, FASB. Norwalk^eConnecticut Connecticut.
• (2008). An Improved Conceptual Framework for Financial Reporting. Chapter 1: The Objective of Financial Reporting. Exposure Draft.
• (2010). Conceptual Framework. Statement of Financial Accounting Concepts 8.
• (2008). The Combined Code on Corporate Governance. Financial Reporting Council, FRC. London.
• Louder than Words. Principles and Actions for Making Corporate Reports less Complex and More Relevant. Financial Reporting Council, FRC. London.
• (2013). Exposure Draft: Guidance on the Strategic Report. Financial Reporting Council, FRC. Kingston upon Thames, Surrey.
• (2010). Annual Report 2010. Financial Reporting Council, FRC. London.
• Flöstrand, Per, Ström, Niklas. (2006). The Valuation Relevance of Non-Financial Information. Management Research News. 29. 580-597
• Gelb, David, Holtzman, Mark P, Mest, David. (2008). International Operations and Voluntary Disclosures by U.S. Based Multinational Corporations. Advances in International Accounting. 24. 243-249
• Gelb, David S, Zarowin, Paul. (2002). Corporate Disclosure Policy and the Informativeness of Stock Prices. Review of Accounting Studies. 7. 33-52
• Management Reporting. German Accounting Standard (GAS).
• (2003). Guide to Review of Operations and Financial Condition. Group of 100. Melbourne.
• Healy, Paul M, Hutton, Amy P, Palepu, Krishna G. (1999). Stock Performance and Intermediation Surrounding Sustained Increases in Disclosure. Contemporary Accounting Research. 16. 485-520
• Hossain, Mahmud, Ahmed, Kamran, Godfrey, Jayne M. (2005). Investment Opportunity set and Voluntary Disclosure of Prospective Information: A Simultaneous Equations Approach. Journal of Business Finance & Accounting. 32. 871-907
• Hussainey, Khaled, Aal-Eisa, Jinan. (2009). Disclosure and Dividend Signalling when Sustained Earnings Growth Declines. Managerial Auditing Journal. 24. 445-454
• Hussainey, Khaled, Schleicher, Thomas, Walker, Martin. (2003). Undertaking Large-Scale Disclosure Studies when AIMR-FAF Ratings are Not Available: the Case of Prices Leading Earnings. Accounting and Business Research. 33. 275-294
• Hussainey, Khaled, Walker, Martin. (2009). The Effects of Voluntary Disclosure and Dividend Propensity on Prices Leading Earnings. Accounting and Business Research. 39. 275-294
• (2006). Telling the story... through the eyes of the board. A framework for the Business Review.
• (2003). Prospective Financial Information. Guidance for UK Directors. Institute of Chartered Accountants in England and Wales, ICAEW. London.
• (2003). The Operating and Financial Review and Human Capital Reporting. Is the OFR the Place for Human Capital Reporting?. Institute of Chartered Accountants in England and Wales, ICAEW. London.
• (2002). Libro Blanco para la Reforma de la Contabilidad en España. Instituto de Contabilidad y Auditoría de Cuentas, ICAC. Madrid.
• (2001). Marco conceptual.
• (2005). Management Commentary. Discussion paper. International Accounting Standards Board, IASB. London.
• (2009). Management Commentary. Exposure Draft. International Accounting Standards Board, IASB. London.
• (2010). Management Commentary. IFRS Practice Statement. International Accounting Standards Board, IASB. London.
• (2013). A Review of the Conceptual Framework. Discussion Paper. International Accounting Standards Board, IASB. London.
• (2007). Basis for Conclusions: International Standard on Auditing (ISA) 720. The Auditors Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements.
• (2012). International Standard on Assurance Engagement (ISAE) 3400. The Examination of Prospective Financial Information.
• (2003). General Principles Regarding Disclosure of Management Discussion and Analysis of Financial Condition and Results of Operations.
• (2013). The International Framework.
• Jones, Michael J, Shoemaker, Paul A. (1994). Accounting Narratives: A Review of Empirical Studies of Content and Readability. Journal of Accounting Literature. 13. 142-184
• Kent, Pamela, Ung, Karen. (2003). Voluntary Disclosure of Forward-Looking Information in Australia. Australian Journal of Management. 28. 273-285
• Lang, Mark H, Lundholm, Russell J. (1996). Corporate Disclosure Policy and Analyst Behavior. The Accounting Review. 71. 467-492
• Li, Feng. (2008). Annual Report Readability, Current Earnings and Earnings Persistence. Journal of Accounting and Economics. 45. 221-247
• Li, Feng. (2010). The Information Content of Forward-Looking Statements in Corporate Filings. A Naïve Bayesian Machine Learning Approach. Journal of Accounting Research. 48. 1049-1102
• Lundholm, Russell J, Myers, Linda A. (2002). Bringing the Future Forward: the Effect of Disclosure on the Returns-Earnings Relation. Journal of Accounting Research. 40. 809-839
• Mallett, Richard, Slynn, Richard. (2005). The Operating and Financial Review. Financial Management. 35-36
• Mallo-Rodríguez, Carlos. (1990). Informe de gestión e imagen empresarial. Revista de Economía, Consejo General de Colegios de Economistas de España. 6. 38-41
• Marston, Claire L, Shrives, Philip J. (1991). The Use of Disclosure Indices in Accounting Research. The British Accounting Review. 23. 195-210
• Muslu, Volkan, Radhakrishnan, Suresh, Subramanyam, K. R, Lim, Dongkuk. (2011). Firm's Information Environment and Forward-Looking Disclosures in the MD&A. University of Texas at Dallas and University of Southern California, Working paper.
• Muslu, Volkan, Radhakrishnan, Suresh, Subramanyam, K. R, Lim, Dongkuk. (2014). Forward-Looking MD&A Disclosures and the Information Environment. Management Science, Forthcoming, working paper.
• (2008). Corporate Finance Branch Report 2008. Staff Notice. 51-706
• (2013). Forward-Looking Information Disclosure. Staff Notice. 51.
• Orens, Raf, Lybaert, Nadine. (2007). Does the Financial Analysts' Usage of Non-Financial Information Influence the Analysts' Forecast Accuracy? Some Evidence from the Belgian Sell-Side Financial Analyst. The International Journal of Accounting. 42. 237-271
• (2004). Principios de gobierno corporativo de la OCDE.. Organización para la Cooperación y el Desarrollo Económicos, OCDE. París.
• O'Sullivan, Madonna, Percy, Majella, Stewart, Jenny. (2008). Australian Evidence on Corporate Governance Attributes and their Association with Forward-Looking Information in the Annual Report. Journal of Management & Governance. 12. 5-35
• Guide to Forward-Looking Information. Dont Fear the Future: Communicating with Confidence. PricewaterhouseCoopers, PwC. London.
• (2008). Joining the Dots. A Summary of the Narrative Reporting Practices of the FTSE 350. PricewaterhouseCoopers, PwC. London.
• (2009). A Snapshot of FTSE 350 Reporting. PricewaterhouseCoopers, PwC. London.
• Radley, Yelda. (2008). Narrative Reporting Content in the FTSE 100. How Does it Stack Up? On and Offline 2008.
• Radley, Yeldar. (2008). Challenges Ahead.Shaping the Future of Investor Communication.
• Schleicher, Thomas. (2012). When is Good News Really Good News?. Accounting and Business Research. 42. 547-573
• Schleicher, Thomas, Hussainey, Khaled, Walker, Martin. (2007). Loss Firms' Annual Report Narratives and Share Price Anticipation of Earnings. The British Accounting Review. 39. 153-171
• Schleicher, Thomas, Walker, Martin. (1999). Share Price Anticipation of Earnings and Management's Discussion of Operations and Financing. Accounting and Business Research. 29. 321-335
• Schleicher, Thomas, Walker, Martin. (2010). Bias in the Tone of Forward-Looking Narratives. Accounting and Business Research. 40. 371-490
• Schroeder, Richard G, Clark, Myrtle W, Cathey, Jack M. (2005). Financial Accounting Theory and Analysis. Text Readings and Cases. Wiley. Hoboken^eNew Jersey New Jersey.
• Sengupta, Partha. (1998). Corporate Disclosure Quality and the Cost of Debt. The Accounting Review. 73. 459-474
• Sydserff, Robert, Weetman, Pauline. (1999). A Texture Index for Evaluating Accounting Narratives. An Alternative to Readability Formulas. Accounting, Auditing & Accountability Journal. 12. 459-488
• Sydserff, Robert, Weetman, Pauline. (2002). Developments in Content Analysis: A Transitivity Index and DICTION Scores. Accounting, Auditing & Accountability Journal. 15. 523-544
• Tarca, Ann, Street, Donna L, Aerts, Walter. (2011). Factors Affecting MD&A Disclosures by SEC Registrants: views of practitioners. Journal of International Accounting Auditing and Taxation. 20. 45-59
• The Future of Corporate Reporting. State of Play-February 2007.
• Welker, Michael. (1995). Disclosure Policy, Information Asymmetry and Liquidity in Equity Markets. Contemporary Accounting Research. 11. 801-827
• Yeoh, Peter. (2010). Narrative Reporting: the UK Experience. International Journal of Law and Management. 52. 211-231
• (2007). Management's Discussion and Analysis. National Instrument (NI) Form 51-102 Continuous Disclosure Obligations.
• (1885). Boletín Oficial del Estado, BOE, 289, 16 de octubre de 1885.
• Real Decreto Legislativo 1/2010, texto refundido de la Ley de sociedades de capital. Boletín Oficial del Estado, BOE, 161, 3 de julio de 2010.
• (1980). Amendments to Annual Report Form, Related Forms, Rules, Regulations and Guides: Integration of Securities' Acts Disclosure System. Securities Act Release.
• (1982). Regulation S-K, Item 303: Management's Discussion and Analysis of Financial Condition and Results of Operations.
• (1989). Interpretation: Management's Discussion and Analysis of Financial Condition and Results of Operations; Certain Investment Company Disclosures. Securities Act Release release.
• (1992). Exchange Act Release.
• (1998). Exchange Act Release 34-40305, Accounting and Auditing Enforcement Release AE-1061. (August 5, 1998).
• (2003). Interpretation: Commission Guidance Regarding Management's Discussion and Analysis of Financial Condition and Results of Operations.September (Release 33-8350; 34-48960;FR-72).
• (2005). Accounting and Auditing Enforcement Release 2232 (April 18, 2005).
• Companies Act 1985, Part VII: Accounts and Audit, Chapter I, Director's Report, Section 234.
• Companies Act 1985, Regulations 2005 (Statutory Instrument 2005 N° 1011, SI 2005/1011).
• Companies Act 2006, Part 15 Accounts and reports, Directors' report, sections 415-419.
• Companies Act 2006, Regulations 2013 (Strategic Report and Director's Report).
• Directiva 2003/51/CE del Parlamento Europeo y del Consejo, de 18 de junio de 2003, por la que se modifican las Directivas 78/660/CEE, 83/349/CEE,86/635/CEE y 91/674/CEE del Consejo sobre las cuentas anuales y consolidadas de determinadas formas de sociedades, bancos y otras entidades financieras y empresas de seguros.
• Directiva 2004/25/CE del Parlamento Europeo y del Consejo, de 21 de abril de 2004, relativa a las ofertas públicas de adquisición..
• Directiva 2004/109/CE del Parlamento Europeo y del Consejo, de 15 de diciembre de 2004, sobre la armonización de los requisitos de transparencia relativos a la información sobre los emisores cuyos valores se admiten a negociación en un mercado regulado y por la que se modifica la Directiva 2001/34/CE.
• Directiva 2006/46/CE del Parlamento Europeo y del Consejo, de 14 de junio de 2006, por la que se modifican las Directivas del Consejo 78/660/CEE relativa a las cuentas anuales de determinadas formas de sociedad, 83/349/CEE relativa a las cuentas consolidadas, 86/635/CEE relativa a las cuentas anuales y a las cuentas consolidadas de los bancos y otras entidades financieras y 91/674/CEE relativa a las cuentas anuales y a las cuentas consolidadas de las empresas de seguros.
• Directiva 2013/34/UE del Parlamento Europeo y del Consejo, de 26 de junio de 2013, sobre los estados financieros anuales, los estados financieros consolidados y otros informes afines de ciertos tipos de empresas, por la que se modifica la Directiva 2006/43/CE del Parlamento Europeo y del Consejo y se derogan las Directivas 78/660/ CEE y 83/349/CEE del Consejo.