Professional investors and the decision usefulness of financial reporting

This report published by ICAS and EFRAG investigates professional investors’ views on and use of financial reporting information.

This study is a follow on to the earlier ICAS/EFRAG Report The use of information by capital providers.

Do investors assess financial reporting information differently depending on whether they wish to judge the stewardship of management or to value the firm? This publication reports on a large-scale survey of international professional investors undertaken to address this question and the findings suggest that the objectives of financial reporting do matter. The findings of the study have implications for standard setting in general and the current debate about the Conceptual Framework for Financial Reporting in particular.

1 March 2016
Stefano Cascino,
Mark Clatworthy,
Beatriz García Osma,
Joachim Gassen,
Shahed Imam
and Thomas Jeanjean

Free digital report

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  • Corporate and financial reporting
  • Research

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