The real effects of financial reporting: Evidence and suggestions for future research

IF 3.3 Q1 BUSINESS, FINANCE

Journal of International Accounting Auditing and Taxation Pub Date : 2023-12-20 DOI:10.1016/j.intaccaudtax.2023.100594

Henrike Biehl , Christopher Bleibtreu , Ulrike Stefani

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引用次数: 0

Abstract

This article systematically reviews 94 accounting and finance studies that address the real effects of financial reporting. Whereas the effects of financial reporting on capital suppliers’ decisions traditionally have received much attention, recent research has generated important new insights into the feedback effects of financial reporting on the reporting firms’ real activities (e.g., investments or allocation and use of resources). We identify the consequences of financial reporting for (1) the reporting firm, (2) its peer firms, and (3) the input and output markets. We also highlight the effects of firms’ internal controls over financial reporting and consider how accounting and auditing regulations influence and contribute to real effects. The studies we review are consistent in their findings that high-quality financial reporting is positively associated with the efficiency of the reporting firm’s resource allocation. Many studies also suggest a positive association between high-quality financial reporting and an efficient allocation of resources in the real sector, which can also benefit other market participants like consumers or employees. The article concludes with an outlook on fruitful research opportunities.

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财务报告的实际效果：证据与未来研究建议

本文系统回顾了 94 项涉及财务报告实际效果的会计和金融研究。财务报告对资本供应商决策的影响历来备受关注，而近期的研究则对财务报告对报告公司实际活动（如投资或资源分配和使用）的反馈效应提出了重要的新见解。我们确定了财务报告对（1）报告公司、（2）同行公司以及（3）投入和产出市场的影响。我们还强调了公司内部控制对财务报告的影响，并考虑了会计和审计法规如何影响和促进实际效果。我们回顾的研究一致认为，高质量的财务报告与报告公司的资源配置效率呈正相关。许多研究还表明，高质量的财务报告与实体部门的资源配置效率之间存在正相关，这也会使消费者或员工等其他市场参与者受益。文章最后展望了富有成效的研究机会。

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

Journal of International Accounting Auditing and Taxation BUSINESS, FINANCE-

CiteScore

4.50

自引率

3.80%

发文量

期刊介绍： The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.