Abstract
: Changes in the style and methods of financial reporting, always in line with the emergence of paradigms and theoretical perspectives in accounting literature on the one hand, and the development of systems in terms of information flow in the second and third generations of information technology on the other, have led to the difference between companies based on the legitimacy of information disclosure being considered a tool for financial decision makers. Therefore, this study, relying on a cybernetic systems perspective, seeks to abstractly analyze financial reporting styles by presenting a strategic reference point matrix model.
This study is methodologically based on a phenomenological process that relies on the strategic reference point technique to identify emerging financial reporting styles in the context of capital market companies by combining the contextual aspects of cybernetic systemic mechanisms that are determined through a systematic review of similar studies in the primary structures of this matrix. For this reason, this study should be classified as qualitative research in terms of its methodological purpose, exploratory in terms of its outcome, developmental in terms of its type of data collection. The data collection tools in this study are primarily interviews based on questions designed based on the contextual aspects of cybernetic systemic mechanisms in the emergence of financial reporting practices and researcher-made scoring checklists so that, through the propositional themes emerging from the interviews, categories related to the intersections of the strategic reference points matrix can be determined. Therefore, the results indicate the determination of 8 final categories in the form of a three-dimensional matrix in the form of a matrix pattern of strategic reference points, which shows, under what contexts of cybernetic systemic mechanisms, what styles of financial reporting can result in the effectiveness of information disclosure for stakeholders.
Main Subjects
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