Directors, Corporate Secretary, and Readability of Narrative Analysis and Management Discussion

Title: Directors, Corporate Secretary, and Readability of Narrative Analysis and Management Discussion

Author: Moh. Baqir Ainun

Affiliations : Masters Program in Accounting, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

The aim of this research is to examine the relationship between CEO characteristics and the readability of APM narratives and to test the moderating effect of Corporate Secretary characteristics on this relationship. The characteristics of the CEO and Corporate Secretary consist of age, tenure, education and gender. The data analysis method used is descriptive statistics and hypothesis testing using multiple linear regression analysis and moderating regression analysis. The sample in this research is companies listed on the Indonesia Stock Exchange for the 2014-2018 period. The valid samples in this study were 1,119 observations for the readability proxy R1 (natural logarithm of file size), 1,194 for the readability proxy R2 (number of pages), and 1,095 for the readability proxy R3 (natural logarithm of number of words). The results of this research show that CEO characteristics in the form of age, tenure, and education are related to the readability of the APM narrative. The characteristics of the Corporate Secretary in the form of age, tenure and education moderate the relationship between CEO characteristics and the readability of the APM narrative.

Keywords: CEO characteristics, Corporate Secretary characteristics, readability, MD&A narrative.

Sources: http://repository.unair.ac.id/97791/