‘Determinants of the Extent of Forward Looking Information: Evidence from UK before Financial Crisis

Abed Suzan, Basil Al-Najjar

Research output: Contribution to journalArticle


The study aims to propose a multi-theoretical framework based on information asymmetry and institutional theories by focusing on the OFR regulation changing period from 2004-2006. We carry out an empirical investigation to detect the extent of forward-looking information for a sample of 690 UK non-financial firm-year observations which are drawn from the top 500 UK. We show that the extent of voluntary disclosure of Forward Looking (FL) information is positively and significantly associated with growth opportunities, leadership, audit committee, competition rate, corporate size, and cross-listing. However, the extent of FL information is negatively and significantly associated with blockholders. This paper applies a multi-theoretical lens based on information asymmetry and institutional theories are employed in order to identify potential new determinants of voluntary disclosure in regards to forward-looking information in the UK context.
Original languageEnglish
Pages (from-to)17-32
Number of pages16
JournalCorporate Ownership and Control
Issue number3
Publication statusPublished - 2016
Externally publishedYes


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