Corporate Characteristics of Predictive Accuracy of Forward Looking Information Disclosures

Abstract

The need for information availability in capital markets, including the Indonesian capital market, has encouraged capital markets to increase various regulations on information that must be published and information published voluntary. The publication of voluntary information is currently the focus of attention because it provides information that helps users in confirming the decisions they make. Gender issues in various previous studies, especially the important role of gender diversity in organisational performance, have been studied by Kabir et al.[1]

Using sales and production forecasts to proxy forward-looking information and using precision and accuracy to measure the quality of information disclosure, the authors investigate the impact of corporate characteristics on the precision and accuracy of sales and production forecasts made by listed Indonesian firms in their 2019 to annual reports, using logistics regressions.

The results suggest that high of Company ROA propensity to disclose more precise sales forecasts, and the the caharacteristics of Independent boards more precise of production forcast