Opacity of financial information, adoption of international standards and legal origins
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| Natura: | Artículo científico |
| Lingua: | en |
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Fundação Escola de Comércio Álvares Penteado
2017
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| _version_ | 1876428117485027328 |
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| author | Renata Turola Takamatsu |
| author_facet | Renata Turola Takamatsu |
| contents | Opacity of financial information, adoption of international standards and legal origins Renata Turola Takamatsu Luiz Paulo Lopes Fávero Administración y Contabilidad legal origins Emerging markets earnings opacity international standards Purpose – The goal of this study was to investigate the relationship between the level of Earnings Opacity and a company’s informational environment, specifically considering accounting standards and the legal origins of the system. Design/methodology/approach – The sample consisted of publicly traded companies from 20 countries classified as emerging, based on agency Standard & Poor’s index. The sample included data from 2004 to 2013. In order to compare the indicators among the group of countries, taking into account their institutional characteristics, the Mann-Whitney test and the Kruskal-Wallis test were performed. Findings – The assessment of the informational environment measures’ behavior in emerging countries revealed that these measures were correlated, suggesting that, despite different behaviors, opacity proxies share information. The fact that earnings opacity was lower in countries that had already adopted international standards during the analyzed period was also observed. In the same sense, a higher level of income smoothing was detected in countries of French code law origins. Originality/value – This article contributes to the understanding of the relationship between the characteristics of an accounting informational environment and the levels of opacity of the information emitted by accounting. Thus, this article has helped managers, investors and regulators to understand users’ needs and how country-specific characteristics change their perspectives. 2017 artículo científico 1806-4892 https://www.redalyc.org/articulo.oa?id=94756009005 en http://www.redalyc.org/revista.oa?id=947 Revista Brasileira de Gestão de Negócios - RBGN application/pdf Fundação Escola de Comércio Álvares Penteado Revista Brasileira de Gestão de Negócios - RBGN (Brasil) Num.66 Vol.19 |
| format | Artículo científico |
| id | redalyc_94756009005 |
| institution | Redalyc |
| language | en |
| publishDate | 2017 |
| publisher | Fundação Escola de Comércio Álvares Penteado |
| spellingShingle | Opacity of financial information, adoption of international standards and legal origins Renata Turola Takamatsu Administración y Contabilidad legal origins Emerging markets earnings opacity international standards Opacity of financial information, adoption of international standards and legal origins Renata Turola Takamatsu Luiz Paulo Lopes Fávero Administración y Contabilidad legal origins Emerging markets earnings opacity international standards Purpose – The goal of this study was to investigate the relationship between the level of Earnings Opacity and a company’s informational environment, specifically considering accounting standards and the legal origins of the system. Design/methodology/approach – The sample consisted of publicly traded companies from 20 countries classified as emerging, based on agency Standard & Poor’s index. The sample included data from 2004 to 2013. In order to compare the indicators among the group of countries, taking into account their institutional characteristics, the Mann-Whitney test and the Kruskal-Wallis test were performed. Findings – The assessment of the informational environment measures’ behavior in emerging countries revealed that these measures were correlated, suggesting that, despite different behaviors, opacity proxies share information. The fact that earnings opacity was lower in countries that had already adopted international standards during the analyzed period was also observed. In the same sense, a higher level of income smoothing was detected in countries of French code law origins. Originality/value – This article contributes to the understanding of the relationship between the characteristics of an accounting informational environment and the levels of opacity of the information emitted by accounting. Thus, this article has helped managers, investors and regulators to understand users’ needs and how country-specific characteristics change their perspectives. 2017 artículo científico 1806-4892 https://www.redalyc.org/articulo.oa?id=94756009005 en http://www.redalyc.org/revista.oa?id=947 Revista Brasileira de Gestão de Negócios - RBGN application/pdf Fundação Escola de Comércio Álvares Penteado Revista Brasileira de Gestão de Negócios - RBGN (Brasil) Num.66 Vol.19 |
| title | Opacity of financial information, adoption of international standards and legal origins |
| topic | Administración y Contabilidad legal origins Emerging markets earnings opacity international standards |
| url | https://www.redalyc.org/articulo.oa?id=94756009005 |