期刊
PACIFIC-BASIN FINANCE JOURNAL
卷 60, 期 -, 页码 -出版社
ELSEVIER
DOI: 10.1016/j.pacfin.2020.101285
关键词
Integrated reporting; Earnings quality; Agency costs; Firm complexity
资金
- La Trobe University
Prior studies have suggested a link between disclosure mechanisms and accounting information quality. They also report better quality information in the presence of higher transparency and clarity in disclosure mechanisms. We contend that voluntary integrated reporting (IR) as a disclosure mechanism has an incremental positive effect on accounting information and particularly the quality of reported earnings. Consistent with this argument, we find a positive relationship between voluntary adoption of IR practice and earnings quality. Furthermore, while voluntary adoption of IR is positively associated with earnings quality for firms experiencing high agency costs, the moderating effect of firm level agency costs have an insignificant effect on the relationship between voluntary IR practice and the level of integration. We find no evidence consistent with the proposition that managerial opportunism is relevant in shaping the effectiveness of IR practice for quality disclosure when a higher level of integration is achieved. Moreover, we find no evidence that firm complexity affects the relationship between IR practice and earnings quality. Overall, our findings are consistent with the view that IR wields an incremental positive effect on the quality of accounting information.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据