COVID-19 disclosure: a novel measurement and annual report uncertainty


This paper provides a unique COVID-19 disclosure measurement and investigates the association between the level of COVID-19 disclosure and uncertainty within annual reports for UK FTSE-All share non-financial firms. We used automated textual analysis to score the sampled annual reports. The results show that the level of COVID-19 disclosure varies from industry to industry. Furthermore, there is a positive relationship between COVID-19 disclosure and uncertainty in annual reports. Firms with larger boards exhibit more significant uncertainty in annual reports with COVID-19 disclosure. However, the significance of uncertainty in annual reports with COVID-19 disclosure remains at the same level with different board independence percentages. The unique findings of this paper are extremely relevant to governments, shareholders, policymakers, suppliers, and creditors.

Publication DOI:
Divisions: College of Business and Social Sciences > Aston Business School > Accounting
College of Business and Social Sciences
Additional Information: © 2021 by the authors. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license ( 4.0/).
Uncontrolled Keywords: COVID-19 disclosure,Annual report uncertainty,Board size,Independent directors,Textual analysis
Last Modified: 16 May 2024 07:16
Date Deposited: 17 Nov 2022 11:45
Full Text Link:
Related URLs: https://www.mdp ... -8074/14/12/616 (Publisher URL)
PURE Output Type: Article
Published Date: 2021-12-19
Accepted Date: 2021-12-17
Authors: Elmarzouky, Mahmoud (ORCID Profile 0000-0001-9867-6057)
Albitar, Khaldoon
Karim, ATM Enayet
Saber Moussa, Ahmed



Version: Published Version

License: Creative Commons Attribution

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