The quality of accounting information in politically connected firms

被引：592

作者：

Chaney, Paul K. ^{[2
]}

Faccio, Mara ^{[1
]}

Parsley, David ^{[2
]}

机构：

[1] Purdue Univ, Krannert Sch Management, W Lafayette, IN 47907 USA

[2] Vanderbilt Univ, Owen Grad Sch Management, Nashville, TN USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2011年 / 51卷 / 1-2期

关键词：

Quality of information; Accruals quality; Political ties; EARNINGS MANAGEMENT; CORPORATE-OWNERSHIP; ULTIMATE OWNERSHIP; CASH FLOWS; ACCRUALS; PERFORMANCE; EQUITY; COSTS; LAW;

D O I：

10.1016/j.jacceco.2010.07.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We document that the quality of earnings reported by politically connected firms is significantly poorer than that of similar non-connected companies. Our results are not due to firms with ex-ante poor earnings quality establishing connections more often. Instead, our results suggest that, because of a lesser need to respond to market pressures to increase the quality of information, connected companies can afford disclosing lower quality accounting information. In particular, lower quality reported earnings is associated with a higher cost of debt only for the non-politically connected firms in the sample. (C) 2010 Elsevier B.V. All rights reserved.

引用

页码：58 / 76

页数：19

共 50 条

[1] Politically connected firms
Faccio, M
[J]. AMERICAN ECONOMIC REVIEW, 2006, 96 (01): : 369 - 386
[2] Politically Connected Firms and the Environment
Yu, Haowei
Zhang, Lin
[J]. B E JOURNAL OF THEORETICAL ECONOMICS, 2022, 22 (02): : 579 - 602
[3] Politically connected firms in Spain
Guerra Perez, Silvia
Bona Sanchez, Carolina
Santana Martin, Domingo Javier
[J]. BRQ-BUSINESS RESEARCH QUARTERLY, 2015, 18 (04) : 230 - 245
[4] The economics of politically-connected firms
Jay Pil Choi
Marcel Thum
[J]. International Tax and Public Finance, 2009, 16 : 605 - 620
[5] Auditor Choice in Politically Connected Firms
Guedhami, Omrane
Pittman, Jeffrey A.
Saffar, Walid
[J]. JOURNAL OF ACCOUNTING RESEARCH, 2014, 52 (01) : 107 - 162
[6] Cash holdings of politically connected firms
Boubakri, Narjess
El Ghoul, Sadok
Saffar, Walid
[J]. JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT, 2013, 23 (04) : 338 - 355
[7] Stock Recommendations for Politically Connected Firms
Alfonso, Elio
[J]. JOURNAL OF BUSINESS FINANCE & ACCOUNTING, 2016, 43 (3-4) : 448 - 486
[8] The economics of politically-connected firms
Choi, Jay Pil
Thum, Marcel
[J]. INTERNATIONAL TAX AND PUBLIC FINANCE, 2009, 16 (05) : 605 - 620
[9] Sustainability reporting quality in Malaysia: The intricacy of family controlled and politically connected firms
Elaigwu, Moses
Abdulmalik, Salau Olarinoye
Alghorbany, Abdelkader
Che-Ahmad, Ayoib
[J]. CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT, 2024,
[10] DOES CORPORATE GOVERNANCE AFFECT FINANCIAL REPORTING QUALITY OF POLITICALLY CONNECTED FIRMS?
Wati, Lela Nurlaela
Ramdany
Momon
[J]. ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES, 2020, 7 (03): : 2126 - 2143

← 1 2 3 4 5 →