Abstract:
Investors invest in firms with more concise, readable and transparent financial
disclosures. This study contributes to the literature by providing evidence suggesting
that both the form and content of financial disclosures which influence investors'
Investment decisions. The purpose of this paper is to empirically examine the
Investors' views of financial reporting with special reference to listed companies in
Sri Lanka. Since limited studies exist that examine financial reporting practices in
emerging markets, little is known about the investors' perceptions of company
financial reporting practices. This paper contributes to filling this gap by examining
the views of investors on the level of satisfaction of corporate financial reports in Sri
Lanka.
The researcher will analyze the questionnaires mainly using the SPSS package and
descriptive statistics. In the chapter the researcher will analyze 34 questions according
to the objectives of the research. According to the analyzed data the researcher finally
can be concluded financial reporting practices of listed companies in Sri Lanka.
According to the descriptive statistics were provided by SPSS software package, the
mean value of results was 139.46 and it says that financial reporting practices of listed
companies are in the favorable position. At the same time according to the analytical
results of survey data, significant value (Sig. p value) for each dimension is .000 and
it is less than 0.05 (P=.000 < 0.05). Therefore the null hypothesis (H0) was rejected
and the Alternative hypothesis (Hi) was accepted. So researcher concluded that the
listed companies in Sri Lanka have provided sufficient and appropriate information
that meet the information expectations of investors.
