酒店业企业的复数形式经营战略与财务报告质量

IF 7.6 1区 管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM
Cédric Poretti , Tiphaine Jérôme , Prashant Das
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引用次数: 0

摘要

本文分析了多元化经营战略(即同时奉行收费型战略和股权型战略)如何影响国际酒店管理公司的财务报告质量。从代理理论的角度出发,我们使用 OLS、熵平衡和赫克曼两阶段估计法分析了 2010-2019 年间全球酒店业公司的样本。结果表明,更多使用复数形式与更高的收益管理(即更低的财务报告质量)正相关。复数形式会导致财务报告的复杂性,从而增加收益管理的可能性。然而,大股东出于声誉目的减少收益管理行为的做法抵消了这一影响。本研究发现,酒店业的一个具体特点,即追求复数形式的业务战略,会引发更多的复杂性,从而导致投资者的报告质量下降,这是不利的。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Plural form business strategy and financial reporting quality in hospitality firms

This paper analyzes how the plural form business strategy (i.e., simultaneously pursuing a fee-oriented and an equity-based strategy) impacts financial reporting quality of international hospitality firms. Drawing on the agency theory perspective, we analyze a sample of global hospitality companies over 2010–2019 using OLS, entropy balancing, and Heckman two-stage estimations. Our results suggest that greater use of the plural form is positively associated with higher earnings management (i.e., lower financial reporting quality). The plural form induces financial reporting complexity, which increases the likelihood of earnings management. However, the presence of large shareholders, aiming at reducing earnings management practices for reputation purposes, offsets this effect. This study identifies a specific feature of the hospitality industry, namely the pursuit of the plural form business strategy, as triggering more complexity, which results in detrimental lower reporting quality for investors.

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来源期刊
CiteScore
13.30
自引率
8.40%
发文量
177
审稿时长
45 days
期刊介绍: Journal Name: Journal of Hospitality and Tourism Management Affiliation: Official journal of CAUTHE (Council for Australasian Tourism and Hospitality Education Inc.) Scope: Broad range of topics including: Tourism and travel management Leisure and recreation studies Emerging field of event management Content: Contains both theoretical and applied research papers Encourages submission of results of collaborative research between academia and industry.
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