Relevance of alternative performance measures and non-financial information for investor decision making in Australia

M Davern, Nikole Gyles, Dean Hanlon, Matthew Pinnuck

CPA Australia | Published : 2018


This second report commissioned by CPA Australia finds that non-GAAP financial information is more relevant for equity investor decision making in Australia than statutory performance measures. Further, a broad range of non-financial information is utilised by investors in making investment decisions both as a ‘screen’ and for valuation purposes.