Social trust and the choices to provide audited financial statements by private firms in emerging markets

IF 5.5 3区管理学 Q1 BUSINESS, FINANCE

British Accounting Review Pub Date : 2024-03-01 DOI:10.1016/j.bar.2023.101268

Nan-Ting Kuo , Cheng-Few Lee

引用次数: 0

Abstract

Our study explores the association between social trust and private firms' choices to provide audited financial statements. By exploring an international sample from emerging markets, we find that private firms in countries with higher social trust are less likely to provide audited financial statements. This finding arises because social trust helps address contracting imperfections, substituting for audited financial statements in mitigating agency problems. Our study suggests that social trust renders private firms rely less on audited financial statements to facilitate contracting. We contribute to the literature on private firms’ financial reporting choices and the role of social trust in shaping economic decisions.

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社会信任与新兴市场私营企业提供经审计财务报表的选择

我们的研究探讨了社会信任与私营企业选择提供经审计的财务报表之间的关系。通过对新兴市场的国际样本进行研究，我们发现，在社会信任度较高的国家，私营企业不太可能提供经审计的财务报表。得出这一结论的原因是，社会信任有助于解决契约不完善问题，替代经审计的财务报表来缓解代理问题。我们的研究表明，社会信任使私营企业较少依赖经审计的财务报表来促进契约的签订。我们的研究为有关私营企业的财务报告选择以及社会信任在经济决策中的作用的文献做出了贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

British Accounting Review BUSINESS, FINANCE-

CiteScore

8.60

自引率

3.90%

发文量

审稿时长

76 days

期刊介绍： The British Accounting Review*is pleased to publish original scholarly papers across the whole spectrum of accounting and finance. The journal is eclectic and pluralistic and contributions are welcomed across a wide range of research methodologies (e.g. analytical, archival, experimental, survey and qualitative case methods) and topics (e.g. financial accounting, management accounting, finance and financial management, auditing, public sector accounting, social and environmental accounting; accounting education and accounting history), evidence from UK and non-UK sources are equally acceptable.