Abstract
The advancement in market environment complexities has led to the rise of significant awareness amongst the organisations on the need for change. This paper thus reviews these employees’ readiness for change within the organisation, where readiness is defined as the organisational members’ belief, attitudes and intentions regarding the extent to which changes are needed and the organisations’ capacity to successfully make those changes. It is crucial for an organisation to understand the employees’ readiness for the organisational change instead of focusing merely on resistance to change since it can be more useful for implementing effective human resource practices and organisation development interventions. Therefore, via content analysis, the concept of individual readiness for organisational change as well as its relationship with the four categories of antecedents, which are internal context, change-specific content, process and individual attributes are critically reviewed. This paper also highlights some of the issues on readiness for change and research areas that can be considered for future studies. It is hoped that this paper can be an eye-opener for the organisations in Malaysia to start embarking on the change management amongst their employees towards becoming a globally competitive nation by 2020.
Highlights
The annual report is a document that provides key information for stakeholders to understand a company’s performance and position
The respondents of this study are from various career backgrounds, which include professionals, Inland Revenue Board of Malaysia (IRBM) officers, academics, management executives and students, to represent the varied users of annual reports
This study highlights three components of users’ perceptions on tax disclosure in companies’ annual report, i.e., the importance of tax disclosure, current state of tax disclosure and usefulness of more tax disclosure provided in the annual report
Summary
The annual report is a document that provides key information for stakeholders to understand a company’s performance and position. The annual report of a company presents financial performance through its financial report and disclosures of financial and tax matters section. This study finds that users perceive the tax disclosure section as an important part in the annual report and more tax information must be disclosed. They believe that tax disclosure is beneficial in facilitating decision-making and assisting tax authorities to handle tax audits. Users perceive that tax disclosure is limited, too technical to be interpreted and agree that more tax disclosure would be useful for stakeholders to comprehend companies’ tax matters. The rest of this paper is organised into several sections: Section 2 presents the literature review, Section 3 explains the methodology of this study, Section 4 discusses the results and findings and Section 5 provides the conclusion of this study
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