Adam Smith Observatory of Corporate Reporting Practices

We are pleased to communicate the publication of the report titled ‘Usefulness of real-time information: views of professional investors and analysts’. 

The research was funded by ICAS and the team consists of members of the Observatory network:  Subhash Abhayawansa (Swinburne University of Technology), Mark Aleksanyan (University of Glasgow), Kenneth Lee (London School of Economics and Political Science) and Ioannis Tsalavoutas (University of Glasgow). 

The study explores the potential for a real-time (RT) or higher-frequency (HF) corporate reporting model and identifies factors influencing professional investors’ (buy-side users’) and sell-side analysts’ (sell-side users’) perceptions of and their potential demand for corporate-reported accounting and non-accounting RT/HF information.  

While the focus of this study is on corporate-reported accounting and non-accounting RT/HF information, we have also explored the relevance to users of RT/HF information that is publicly available from alternative information sources. We have addressed these issues through a range of related research questions including: 

• What are the perceptions of users on the usefulness of RT/HF information? 
• What advantages and limitations do users identify with regard to RT/HF information in general, and RT/HF corporate reporting in particular? 
• What are the practical impediments to the use of RT/HF information in general, and what skills and resources are needed to effectively assimilate it? 
• How uniform or diverse are opinions across different types of users about the usefulness of and potential demand for corporate-reported RT/HF information? 

ICAS is planning amplification disseminations later in the year, including using a ‘top takeaways’ document. 

Read the full report 

Usefulness-of-real-time-information-Final-compressed.pdf (icas.com)

 

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Further information: Ioannis.Tsalavoutas@glasgow.ac.uk 

First published: 16 February 2023