会计可比性与财务困境

IF 3.6 Q1 BUSINESS, FINANCE
Mohammad N. Islam, Shihong Li, Clark M. Wheatley
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引用次数: 0

摘要

本研究的目的是提供财务报表可比性与公司财务困境之间关联的证据。设计/方法/方法这是一个实证研究,本研究使用多元回归分析来评估假设。研究结果作者发现,随着会计可比性的增加,财务困境的可能性显著降低。本研究的结果表明,陷入困境的公司往往会产生与同行公司相比较差的财务报表;利用会计比率预测财务困境的有效性可能取决于与同行的可比性;财务报表的可比性可以预测财务困境。首先,本研究仅使用了公开的财务数据,这些数据可能不能代表所有国家,并且由于会计实践的差异,这些数据可能会有所不同。其次,虽然本研究发现了会计可比性和财务困境之间的联系,但它不能证明因果关系,因为其他未被控制的因素也可能产生影响。第三,本研究使用了多种衡量财务困境的指标,但其他指标可能导致不同的结果。最后,本研究没有包括所有相关变量,如行业特定因素和宏观经济条件,可能会影响会计可比性和财务困境之间的关系。实际意义对于投资者和金融分析师来说,结果表明会计可比性可以作为一个有用的信号,用于识别更有可能在长期保持财务稳定的公司。因此,他们可能更愿意投资或推荐高度可比性的公司,而不是可比性较差的公司。对于审计人员来说,本研究强调了促进和执行提高可比性的会计准则的重要性,因为这有助于减轻客户财务困境的风险。监管机构在设计与财务报告和披露相关的政策和指导方针时,也可能会考虑研究结果的含义。原创性/价值据作者所知,这是第一个调查美国公司财务报表可比性与公司财务困境之间关系的研究。这项研究使用了大量、全面和多年的数据。此外,这是唯一的研究,提出了可比性和企业财务困境之间的负相关的证据。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Accounting comparability and financial distress
Purpose The purpose of this study is to present the evidence of the association between financial statement comparability and corporate financial distress. Design/methodology/approach This is an empirical study, and this study uses multiple regression analysis to evaluate hypothesis. Findings The authors find a significant decrease in the probability of financial distress as accounting comparability increases. Findings of this study suggest that distressed firms tend to produce financial statements that compare poorly to those of peer firms; the effectiveness of predicting financial distress with accounting ratios may be conditional on comparability with peers; and financial statement comparability may be predictive of financial distress. Research limitations/implications First, this study only used publicly available financial data, which may not be representative of all countries and could differ because of differences in accounting practices. Second, although this study found a connection between accounting comparability and financial distress, it cannot prove a causal relationship, as other factors that were not controlled for may also have an impact. Third, this study used various measures of financial distress, but other measures could lead to different results. Finally, this study did not include all relevant variables, such as industry-specific factors and macroeconomic conditions, which could influence the relationship between accounting comparability and financial distress. Practical implications For investors and financial analysts, the results imply that accounting comparability can serve as a useful signal for identifying companies that are more likely to remain financially stable in the long run. Thus, they may prefer to invest in or recommend highly comparable firms over their less comparable counterparts. For auditors, this study underscores the importance of promoting and enforcing accounting standards that improve comparability, as this can help mitigate the risk of financial distress among their clients. Regulators may also consider the implications of the study’s findings when designing policies and guidelines related to financial reporting and disclosure. Originality/value To the best of the authors’ knowledge, this is the first study investigating the association between financial statement comparability and corporate financial distress of the US firms. This study uses large, comprehensive and multi-year data. Furthermore, this is the only study that presents the evidence of negative association between comparability and firm financial distress.
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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