ISSN: 1019-7044
Volume XLVIII, Nos. 3 & 4, September & December 2023
Published: July 2024
Pages: 35-69
Saleh Mohammed Mashehdul Islam, Ph.D.
The purposes of this study are to observe the status of disclosing nonfinancial information in corporate annual reports of Bangladesh, to test any need for disclosing more such information and to substantiate value relevance for disclosing nonfinancial along with financial inform ation disclosures. To assess information disclosures, researcher constructed index for nonfinancial information materials has been used in this study. Content analysis of corporate annual reports has been adopted for the quantification of information disclosures. Besides, a regression model has been applied for examination of value relevance for nonfinancial along with financial information. It has been proved by this research that Bangladeshi listed companies can have positive impact on share price by disclosing more nonfinancial along with financial information in their annual reports. The support of this study for the inclusion of nonfinancial with financial information for assessing share price can be an important contribution to the corporate theoretical share valuation concept.
JEL Classification: C12, C31, M14
Keywords: Corporate Disclosures , Nonfinancial Information , Value Relevance
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