强制性和可自由支配的非公认会计准则收益的信息内容

IF 2.1 Q2 BUSINESS, FINANCE

Pacific Accounting Review Pub Date : 2023-03-14 DOI:10.1108/par-07-2022-0102

W. Badenhorst, Rieka von Well

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引用次数: 0

摘要

本文旨在研究南非可自由支配收益的定价。这是一个独特的环境，因为南非上市公司也必须报告非公认会计准则收益(“标题收益”)。设计/方法/方法结果基于对2010年至2019年南非公司的多元回归分析。研究结果表明，可自由支配收益的价值相关性超过了公认会计准则收益和总体收益。此外，可自由支配盈余调节的位置传达了有关盈余决策有用性的信息。独创性/价值尽管总体收益和公认会计准则收益提供了不同的决策有用特征，但可自由支配收益仍然是与价值最相关的收益指标。因此，最有决策价值的盈余反映的是独特的行业或企业特征，而不是监管带来的保证。

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The information content of mandatory and discretionary non-GAAP earnings

Purpose This paper aims to investigate the pricing of discretionary earnings in South Africa. This is a unique setting, as South African listed firms also report mandatory non-GAAP earnings (“headline earnings”). Design/methodology/approach Results are based on multivariate regression analyses for South African firms that report from 2010 to 2019. Findings Findings show that the value-relevance of discretionary earnings exceeds that of both GAAP earnings and headline earnings. In addition, placement of discretionary earnings reconciliations communicates information about the decision-usefulness of earnings. Originality/value Discretionary earnings remain the most value-relevant earnings measure, despite the divergent decision-useful characteristics offered by headline earnings and GAAP earnings. Therefore, the most decision-useful earnings reflect unique industry or firm characteristics rather than the assurance arising from regulation.

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来源期刊

Pacific Accounting Review BUSINESS, FINANCE-

CiteScore

3.80

自引率

9.50%

发文量

期刊介绍： Pacific Accounting Review is a quarterly journal publishing original research papers and book reviews. The journal is supported by all New Zealand Universities and has the backing of academics from many universities in the Pacific region. The journal publishes papers from both empirical and theoretical forms of research into current developments in accounting and finance and provides insight into how present practice is shaped and formed. Specific areas include but are not limited to: - Emerging Markets and Economies - Political/Social contexts - Financial Reporting - Auditing and Governance - Management Accounting.