PERCEPTIONS OF PROFESSIONAL INVESTORS IN PAKISTAN ON THE USEFULNESS OF QUAR TERLY REPORTS
Journal Title: Malaysian E Commerce Journal (MECJ) - Year 2018, Vol 2, Issue 1
Abstract
The purpose of this study is to empirically examine the perception of professional investors in Pakistan regarding the usefulness of quarterly reports of companies. The perceptions of professional investors were solicited by using a questionnaire survey method.150 questionnaires were distributed in order to collect data. Out of which, 129 questionnaires were received and in a position for further analysis. Hence, the response rate was 86%. Descriptive statistics and Kruskal-Wallis test were used to evaluate the results. Findings show that the quarterly reports are useful for professional investors in Pakistan for their investment decision making process. This study provides evidence that the main purpose of quarterly reports according to professional investors, is to estimate the forthcoming annual results. The quarterly reports are also utilized for other purposes such as to evaluate the management performance and to ascertain turning points in earnings trend or liquidity. Professional investors considered the quarterly reports as third important source and considered the annual reports as the most important source of information in Pakistan. Furthermore, the study also provide evidence that the relative usefulness of quarterly reports depends on the professional investor’s interests and their intensity of analysis. It indicates that there is a significant difference in the perception of professional investors regarding different purposes of quarterly reports. On the other hand, there is no significant difference in the perception of professional investors regarding different sources of information.
Authors and Affiliations
Umar Sahi
Keywords
Related Articles
- EP ID EP404509
- DOI 10.26480/mecj.01.2018.01.05
- Views 60
- Downloads 0
Research on Investment Efficiency and Its Influencing Factors of Iron and Steel Listing Company
Iron and steel industry is one of the most serious duplicate construction industries, this paper reveals the micro basis of the repeated construction of the steel industry from the perspective of investment efficiency of...
Political Connections and Stock crash risk—Empirical evidence from A-share companies in China
Based on the sample data of 2010-2014 A-share companies in China, This thesis empirically tested the influence of political connections on stock price crash risk in the future. The results showed that both of political c...
CREATING THE ENTREPRENEURIAL NETWORKING THROUGH THE BUSINESS SUPERIORITY AND ADAPTABILITY OF BUSINESS ENVIRONMENT TO IMPROVE THE MARKETING PERFORMANCE
The study examined and analyzed empirically the influence of entrepreneurial networking, the business superiority and the business environment adaptability toward the marketing performance on micro, small and medium ente...
Research on Influence Factors of Cooperatives Performance in the Agricultural Products Supply Chain Based on System Dynamics
This paper constructs cause and effect feedback relation graph of cooperatives performance influence factors in agricultural products supply chain by utilizing system dynamics method, and searches for the external factor...
MICROFINANCE SERVICES AND INCOME ALLOCATION OF RETAIL ENTREPRENEURS IN SAN PABLO CITY, LAGUNA PHILIPPINES
Efficient allocation of resources is a challenge for entrepreneurs. Income generated by entrepreneurs are used to finance both business and personal needs. At times, these needs exceed income generated and entrepreneurs...