The Effect of CEOs’ Characteristics on Forward-Looking Information

Alqatamin, Rateb Mohammad Hamed, Ali-Aribi, Zakaria orcid iconORCID: 0000-0001-7772-2341 and Arun, Thankom Gopinath (2017) The Effect of CEOs’ Characteristics on Forward-Looking Information. Journal of Applied Accounting Research, 18 (4). pp. 402-424. ISSN 0967-5426

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Purpose - This paper aims to examine the effect of CEOs’ characteristics on the level of FLI disclosure.
Design/methodology/approach - The study uses a disclosure index to measure the level of FLI and employs random-effect and panel data regressions to examine the relationship between CEOs’ characteristics and the level of FLI disclosure. The sample consists of 201 non-financial companies listed on the Amman Stock Exchange (ASE) for the period 2008-2013.
Findings - The results show that the CEO age has a significant negative relationship with the level of FLI, whereas gender and overconfidence have a significant positive association with it.
Practical implications - The results could be beneficial for a number of users of financial information, such as regulators, investors, auditors and lenders to make better decisions.
Originality/value – The current study offers evidence of the effect of CEO characteristics on the level of FLI disclosure statements, particularly through narrative disclosures.

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