The effects of financial reporting and disclosure on corporate investment: A review

被引：260

作者：

Roychowdhury, Sugata ^{[1
]}

Shroff, Nemit ^{[2
]}

Verdi, Rodrigo S. ^{[2
]}

机构：

[1] Boston Coll, Chestnut Hill, MA 02167 USA

[2] MIT, Cambridge, MA 02139 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2019年 / 68卷 / 2-3期

关键词：

Disclosure; Financial reporting; Accounting; Investment; Real effects; Information asymmetry; PRODUCT MARKET COMPETITION; EARNINGS MANAGEMENT; INFORMATION ASYMMETRY; ECONOMIC CONSEQUENCES; REAL ACTIVITIES; AGENCY COSTS; ACCOUNTING INFORMATION; MANAGERIAL INCENTIVES; CONTRACTING THEORY; EMPIRICAL-RESEARCH;

D O I：

10.1016/j.jacceco.2019.101246

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

A fundamental question in accounting is whether and to what extent financial reporting facilitates the allocation of capital to the right investment projects. Over the last two decades, a large and growing body of literature has contributed to our understanding of whether and why financial reporting affects investment decision-making. We review the empirical literature on this topic, provide a framework to organize this literature, and highlight opportunities for future research. (C) 2019 Elsevier B.V. All rights reserved.

引用

页数：27

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