新兴国家企业信息化、信息环境与会计质量

IF 2 Q2 BUSINESS, FINANCE
Orleans Silva Martins, L. Barros
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引用次数: 10

摘要

使用会计质量的标准代理,重点关注盈余持续性和盈余管理,我们研究了公司层面的信息性和会计质量之间的关联如何随着国家层面信息环境的质量而变化。我们的样本包括2000年至2016年间摩根士丹利资本国际新兴市场指数中21个国家的15000多家上市公司。使用新的代理来聚合与较低的信息不对称或较高质量的信息环境相关的几个公司或国家层面的特征,我们发现在信息环境较弱的新兴市场中,公司层面的信息性与会计质量之间的正关联更为显着,这表明,更大的企业层面的信息性可能会部分弥补较弱的国家层面的制度。与替代效应一致,我们还发现,在信息环境较弱的新兴国家,企业层面的信息性与股市表现之间的正相关更大。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Firm Informativeness, Information Environment, and Accounting Quality in Emerging Countries
Using standard proxies for accounting quality, with a focus on earnings persistence and earnings management, we examine how the association between firm-level informativeness and accounting quality varies according to the quality of the country-level information environment. Our sample comprises over 15,000 publicly traded firms from 21 countries included in the Morgan Stanley Capital International (MSCI) Emerging Markets Index, between the years 2000 and 2016. Using novel proxies that aggregate several firm- or country-level characteristics associated with lower information asymmetry or higher-quality information environment, we find that in emerging markets with weaker information environments, the positive association between firm-level informativeness and accounting quality is more pronounced, suggesting that greater firm-level informativeness may partially compensate for weaker country-level institutions. Consistent with the substitution effect, we also document that the positive association between firm-level informativeness and stock market performance is greater in emerging countries with weaker information environments.
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来源期刊
CiteScore
1.20
自引率
0.00%
发文量
19
期刊介绍: The aim of The International Journal of Accounting is to advance the academic and professional understanding of accounting theory, policies and practice from the international perspective and viewpoint. The Journal editorial recognizes that international accounting is influenced by a variety of forces, e.g., governmental, political and economic. Thus, the primary criterion for manuscript evaluation is the incremental contribution to international accounting literature and the forces that impact the field. The Journal aims at understanding the present and potential ability of accounting to aid in analyzing and interpreting international economic transactions and the economic consequences of such reporting. These transactions may be within a profit or non-profit environment. The Journal encourages a broad view of the origins and development of accounting with an emphasis on its functions in an increasingly interdependent global economy. The Journal also welcomes manuscripts that help explain current international accounting practices, with related theoretical justifications, and identify criticisms of current policies and practice. Other than occasional commissioned papers or special issues, all the manuscripts published in the Journal are selected by the editors after the normal double-blind refereeing process.
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