Corporate financial communication in Poland

Karol M. Klimczak, Marta Dynel, Anna Pikos

Uzyskaj dostęp

Zakup książkę

ISBN/ISSN:

978-83-65648-02-0

DOI:

Wydawnictwo:

edu-Libri

Rok wydania:

2017

Liczba stron:

124

XML:ISBN/ISSN:

ONIX MARC21

Bibliografia:

Klimczak, Karol M.; Dynel, Marta; Pikos, Anna. Corporate financial communication in Poland. Red. . Kraków-Legionowo: edu-Libri, 2017, 124 s. ISBN 978-83-65648-02-0

Bibliografia refWorks:

RT Book, Whole

SR Electronic(1)

A1 Klimczak, K.M.

A1 Dynel, M.

A1 Pikos, A.

T1 Corporate financial communication in Poland

PB edu-Libri

PP Kraków-Legionowo

YR 2017

SN 978-83-65648-02-0

Bibliografia BibTex:

@Book{ 186764, author = "Klimczak, Karol M. and Dynel, Marta and Pikos, Anna", editor = "", title = "Corporate financial communication in Poland", publisher = "edu-Libri", year = "2017", address = "Kraków-Legionowo", isbn = "978-83-65648-02-0" }

Bibliografia endNote:

TY - BOOK

AU - Klimczak, Karol M.

AU - Dynel, Marta

AU - Pikos, Anna

ED -

TI - Corporate financial communication in Poland

PB - edu-Libri

CY - Kraków-Legionowo

PY - 2017

SN - 978-83-65648-02-0

ER -

Netografia (standard APA):

Klimczak, Karol M.; Dynel, Marta; Pikos, Anna. Corporate financial communication in Poland [baza danych online] Kraków-Legionowo: edu-Libri, 2017 [dostęp: 23 07 2024]. Dostęp w Ibuk Libra: https://libra.ibuk.pl/reader/corporate-financial-communication-in-poland-karol-m-klimczak-marta-dynel-186764.

accounting, communication, finance, evaluation, financial reporting, Exchange, pragmatics, investor, stock, shareholders, mitigation

Companies listed in stock exchanges need to actively engage with investors but little research has been done into corporate communication practices in emerging markets. The goal of this book is to describe the textual communication between compani...

Więcej

ISBN/ISSN:

978-83-65648-02-0

DOI:

Wydawnictwo:

edu-Libri

Rok wydania:

2017

Liczba stron:

124

XML:ISBN/ISSN:

ONIX MARC21

Introduction7
Chapter 1. Financial communication13
1.1. Corporate disclosure13
1.2. Credibillity22
1.3. Truthfulness25
Chapter 2. The information environment in Poland31
2.1. The Polish stock market31
2.2. Equity Analysts36
2.3. Reporting requirements and practice39
2.4. Culture and communication50
Chapter 3. Communication strategies54
3.1. Linguistic tone54
3.2. Evaluation strategies58
3.3. Mitigation strategies63
3.4. Readability67
Chapter 4. Financial communication in the Polish market74
4.1. Explanations of goodwill impairment tests74
4.1.1. Research method76
4.1.2. Results77
4.1.3. Discussion and conclusion82
4.2. Management communications and investor decision-making84
4.2.1. Research method85
4.2.2. Results88
4.2.3. Conclusions and summary94
4.3. Analyst reports and market price response to recommendations96
4.3.1. Research method97
4.3.2. Results104
4.3.3. Discussion and conclusion109
4.4. Summary of findings110
Conclusions112
References114

Introduction

weattempttodelineatethediferencesbetweentruths,liesandtomarkofthe

greyareas.

InthesecondchapterweexploretheinformationenvironmentofPolishcompanies

usingexistingresearch,ofcialsources,andinterviews.Wecarryoutelevensemi-

-structureddirectinterviewswithkeygroupsofactorsinthePolishmarket:two

accountants,anauditor,onechiefﬁnancialofcer,agroupofinvestorrelations

specialistsandsixequityanalysts.Eachinterviewlastsbetween30and40minutes,

itisrecorded,transcribedandcodedtorevealtheunderlyingconceptspertaining

toﬁnancialreporting,theroleofequityanalysts,andtherelationsbetweenactors.

ThechapterbeginswithadescriptionofthePolishstockmarket,itsstructure,re-

gulationandperformance.Lateron,wediscusstheroleofequityanalysts,andwe

comparethespeciﬁcsettingofPolandtothedescriptionsfoundintheinternatio-

nalliterature.Adiscussionofﬁnancialreportingregulationandpracticefollows.

Thechaptercloseswithanoteonculturaldimensionsandtrustasfactorsafecting

theevolutionofﬁnancialcommunicationinPoland.

Inchapterthree,wediscussthecharacteristicsoftextsusedinﬁnancialcommuni-

cationbyapplyingconceptsdrawnfromlanguagestudiesandadaptingthemto

thecontextofﬁnancialcommunication.Wefocusontheelementswhichallow

preparerstomodifytheefectsofﬁnancialtexts:tone,readability,evaluationstra-

tegiesandmitigationstrategies.Toneandreadabilityhavebeensubjecttoresearch

publishedinﬁnanceandaccountingjournals.Wereviewtheliterature,wediscuss

theﬁndingsandimplicationstodemonstratethatthesecharacteristicscanbein-

formativeandneedtobestudiedcarefully.Wetakeadeeperlookintocommuni-

cationstrategiesofevaluationandmitigationdrawingonthelinguisticliterature

todemonstratethewealthofdevicesusedinﬁnancialcommunication.Thisexplo-

ratorystudyinvolvesmanualcontentanalysisofﬁnancialtextsthatformsthebasis

forthesystematicresearchpresentedinthelastchapter.

Weapplytheconceptsdevelopedintheﬁrstchapterstoempiricalstudiespresented

inchapterfour.Thethreestudiesrelyondiferentresearchmethodsandexamine

diferenttypesoftextsusedincorporateﬁnancialcommunication.Theﬁrststudy

(Klimczak,Dynel&Pikos,2016)looksintotextualdisclosuresinﬁnancialstate-

ments,speciﬁcallyintogoodwillimpairmenttests,throughthelensofthegenre-

-theoreticapproach.Thestudyisqualitative;weexploretheform,styleand

contentofdisclosuresandsetthemagainstinformationpublishedinthemanage-

mentreports.Weusegoodwillimpairmentteststointroducetensionintoourstudy,

becausetheirresultsaresensitivetomanyassumptionsmadebythepreparers.

Theusersneedtobeawareoftheuncertaintyinvolved,sincethetestsrarelyresult

inimpairmentchargersbeingrecorded.Weshowthatﬁnancialstatementdisclo-

surescomplystrictlywiththerulesofthegenre,whichprohibitanycommunication

ofuncertainty.However,wealsoﬁndthatthepreparersattempttocommunicate

withinvestorsthroughhintshiddeninthedescriptionoftestprocedures.

Thesecondstudyexaminesthereactionofinvestorstothetextualinformation

containedinmanagementdisclosures.Weusetheexperimentalmethodtomeasure

Brak wyników

Corporate financial communication in Poland

Treść książki

Znajdź bibliotekę blisko siebie, i uzyskaj dostęp do ebooka w systemie IBUK Libra