LA DIVULGACIÓN DE INFORMACIÓN PREVISIONAL POR LAS EMPRESAS DEL IBEX 35. UN ANÁLISIS DESCRIPTIVO

Financial accounting information has its limitations, one being its historical nature. However, for being able to make informed and rational economic decisions, users of accounting information will also require information about the future. We aim to determine the nature and level of publication of prospective fi nancial information by Spanish fi rms. For that purpose, we study a sample of listed companies in the period 2001-2003. Results show that the information disclosed is largely of qualitative nature, and that the level of prospective information included in the fi nancial statements seems to be low, although there are legal requirements for the disclosure of this sort of information.