International Journal of Tax Economics and Management

Readability of Annual Reports and the Agency Problem of Corporation in the Context of Pakistan

Author: Muneeb Ahmad Zhou Maochun | Published on: 31 May, 2019   Page: 13-27

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Abstract
This study is conducted to investigate the issue of readability of the annual report, which caused the conflict between the shareholders and the management. Annual reports are the integral source of information for the shareholders regarding their investment. To investigate the importance of the readability, we took the data of 21 non-financial companies which are in the KSE-30 index of Pakistan for the 10 years (2008-2017). The findings of our results depict that those firms whose annual report is more readable as compare to other facing low problem of the conflict between the shareholders and the management. Further results of this study indicate that under the better quality measures, relevent audit increase the readability of the annual report which reduce the agency cost.

Keywords
Financial Reports; Shareholders; Integral Source; Pakistan

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Ahmad, M., Maochun, Z. (2019), Readability of Annual Reports and the Agency Problem of Corporation in the Context of Pakistan. International Journal of Tax Economics and Management, 2(9), 13-27.

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    Ahmad, M., Maochun, Z. (2019) "Readability of Annual Reports and the Agency Problem of Corporation in the Context of Pakistan", International Journal of Tax Economics and Management, 2(9), pp.13-27.

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    Ahmad, M., Maochun, Z.. Readability of Annual Reports and the Agency Problem of Corporation in the Context of Pakistan. International Journal of Tax Economics and Management. 2019; 2(9): 13-27.

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    Ahmad, M., Maochun, Z.. Readability of Annual Reports and the Agency Problem of Corporation in the Context of Pakistan. International Journal of Tax Economics and Management. 2019; 2(9): 13-27.

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    Ahmad, M., Maochun, Z.. Readability of Annual Reports and the Agency Problem of Corporation in the Context of Pakistan. International Journal of Tax Economics and Management. 2019; 2(9): 13-27.

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  • Reference

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    [This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).]

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    Author Details


    Muneeb Ahmad
    College of Business Administration
    Liaoning Technical University
    muneeb452@yahoo.com

    Zhou Maochun
    College of Business Administration
    Liaoning Technical University
    3711705072@qq.com