Consequences of financial reporting quality on corporate performance. Evidence at the international level
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad de Chile
2014
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| _version_ | 1876477132522127360 |
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| author | Jennifer Martínez-Ferrero |
| author_facet | Jennifer Martínez-Ferrero |
| contents | Consequences of financial reporting quality on corporate performance. Evidence at the international level Jennifer Martínez-Ferrero Economía y Finanzas Accruals Quality (AQ) Earnings Quality (EQ) Accounting Conservatism Financial Performance (FP) Financial Reporting Quality (FRQ) This paper examines the consequences of Financial Reporting Quality (FRQ) on Corporate Performance, using three proxies of FRQ: (i) earnings quality; (ii) conservatism; and (iii) accruals quality. Our purpose is to analyze the effect of a good FRQ on financial performance (FP) measured by the market to book ratio. To this end, the proposed hypotheses are tested on an unbalanced sample of 1, 960 international non-financial listed companies from 25 countries and the special administrative region of Hong-Kong for the period 2002-2010. The use of simultaneous equations for the panel data, via the GMM estimator proposed by Arellano and Bond (1991), highlights the positive effect of financial reporting quality (FRQ) on financial performance. This result is robust according to the different measurements of FRQ (earnings quality, accruals quality and accounting conservatism) and for an aggregated measure for the previous three proxies of FRQ. The empirical evidence shows that this relationship is moderated by the level of corruption perception in the country of origin of the company, the adoption of IFRS, the accounting system used in the country and the influence of the economic cycle. 2014 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22131015002 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.41 |
| format | Artículo científico |
| id | redalyc_22131015002 |
| institution | Redalyc |
| language | en |
| publishDate | 2014 |
| publisher | Universidad de Chile |
| spellingShingle | Consequences of financial reporting quality on corporate performance. Evidence at the international level Jennifer Martínez-Ferrero Economía y Finanzas Accruals Quality (AQ) Earnings Quality (EQ) Accounting Conservatism Financial Performance (FP) Financial Reporting Quality (FRQ) Consequences of financial reporting quality on corporate performance. Evidence at the international level Jennifer Martínez-Ferrero Economía y Finanzas Accruals Quality (AQ) Earnings Quality (EQ) Accounting Conservatism Financial Performance (FP) Financial Reporting Quality (FRQ) This paper examines the consequences of Financial Reporting Quality (FRQ) on Corporate Performance, using three proxies of FRQ: (i) earnings quality; (ii) conservatism; and (iii) accruals quality. Our purpose is to analyze the effect of a good FRQ on financial performance (FP) measured by the market to book ratio. To this end, the proposed hypotheses are tested on an unbalanced sample of 1, 960 international non-financial listed companies from 25 countries and the special administrative region of Hong-Kong for the period 2002-2010. The use of simultaneous equations for the panel data, via the GMM estimator proposed by Arellano and Bond (1991), highlights the positive effect of financial reporting quality (FRQ) on financial performance. This result is robust according to the different measurements of FRQ (earnings quality, accruals quality and accounting conservatism) and for an aggregated measure for the previous three proxies of FRQ. The empirical evidence shows that this relationship is moderated by the level of corruption perception in the country of origin of the company, the adoption of IFRS, the accounting system used in the country and the influence of the economic cycle. 2014 artículo científico 0304-2758 https://www.redalyc.org/articulo.oa?id=22131015002 en http://www.redalyc.org/revista.oa?id=221 Estudios de Economía application/pdf Universidad de Chile Estudios de Economía (Chile) Num.1 Vol.41 |
| title | Consequences of financial reporting quality on corporate performance. Evidence at the international level |
| topic | Economía y Finanzas Accruals Quality (AQ) Earnings Quality (EQ) Accounting Conservatism Financial Performance (FP) Financial Reporting Quality (FRQ) |
| url | https://www.redalyc.org/articulo.oa?id=22131015002 |