What information stakeholders of companies in developing countries want? Sri Lankan evidence
The major objective of this study is to examine the level of importance various stakeholders ofcompanies in developing countries place on information items disclosed in company annualreports. Using data gathered from a questionnaire survey covering seven stakeholder groups inSri Lanka, a developing country in South East Asia, this study assesses relative importance of 86information items disclosed company annul reports. The results of the study reveals that, ingeneral, users have placed high importance on the items relating to financial status, includingcash position; present and future earnings, including cash generation; and comparative status ofthe company. This study contributes to the limited literature on corporate disclosure practices indeveloping countries by providing evidence on user perspectives in relations to level ofdisclosures in company annual reports.