Contracting debt and the quality of financial reporting in private firms
Autor(a) principal: | |
---|---|
Data de Publicação: | 2018 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/16687 |
Resumo: | This study investigates whether the quality of firms' financial reporting is influenced by the contracting of debt, using data on Portuguese private firms from 2013 to 2015. More specifically, the study uses earnings smoothing, magnitude of absolute discretionary accruals, and timeliness of disclosure as proxies for financial reporting quality. I find that private firms which contract more debt exhibit higher levels of financial reporting quality. Additionally, firms that contract larger amounts of debt and with a good financial performance tend to exhibit lower quality financial reporting. The results provide strong evidence that private firms have an interest in camouflaging their performance in the presence of higher levels of bank debt. |
id |
RCAP_9af39f4f3d7882dc6a6634f097807508 |
---|---|
oai_identifier_str |
oai:repositorio.iscte-iul.pt:10071/16687 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
Contracting debt and the quality of financial reporting in private firmsPrivate firmsFinancial reportingBank debtDiscretionary accrualsTimelinessThis study investigates whether the quality of firms' financial reporting is influenced by the contracting of debt, using data on Portuguese private firms from 2013 to 2015. More specifically, the study uses earnings smoothing, magnitude of absolute discretionary accruals, and timeliness of disclosure as proxies for financial reporting quality. I find that private firms which contract more debt exhibit higher levels of financial reporting quality. Additionally, firms that contract larger amounts of debt and with a good financial performance tend to exhibit lower quality financial reporting. The results provide strong evidence that private firms have an interest in camouflaging their performance in the presence of higher levels of bank debt.Universidad Nacional Autónoma de México2018-10-16T11:59:53Z2018-01-01T00:00:00Z20182018-10-16T12:59:03Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/16687eng0186-104210.22201/fca.24488410e.2018.1663Paiva, I. S.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:59:02Zoai:repositorio.iscte-iul.pt:10071/16687Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:30:53.635301Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Contracting debt and the quality of financial reporting in private firms |
title |
Contracting debt and the quality of financial reporting in private firms |
spellingShingle |
Contracting debt and the quality of financial reporting in private firms Paiva, I. S. Private firms Financial reporting Bank debt Discretionary accruals Timeliness |
title_short |
Contracting debt and the quality of financial reporting in private firms |
title_full |
Contracting debt and the quality of financial reporting in private firms |
title_fullStr |
Contracting debt and the quality of financial reporting in private firms |
title_full_unstemmed |
Contracting debt and the quality of financial reporting in private firms |
title_sort |
Contracting debt and the quality of financial reporting in private firms |
author |
Paiva, I. S. |
author_facet |
Paiva, I. S. |
author_role |
author |
dc.contributor.author.fl_str_mv |
Paiva, I. S. |
dc.subject.por.fl_str_mv |
Private firms Financial reporting Bank debt Discretionary accruals Timeliness |
topic |
Private firms Financial reporting Bank debt Discretionary accruals Timeliness |
description |
This study investigates whether the quality of firms' financial reporting is influenced by the contracting of debt, using data on Portuguese private firms from 2013 to 2015. More specifically, the study uses earnings smoothing, magnitude of absolute discretionary accruals, and timeliness of disclosure as proxies for financial reporting quality. I find that private firms which contract more debt exhibit higher levels of financial reporting quality. Additionally, firms that contract larger amounts of debt and with a good financial performance tend to exhibit lower quality financial reporting. The results provide strong evidence that private firms have an interest in camouflaging their performance in the presence of higher levels of bank debt. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-10-16T11:59:53Z 2018-01-01T00:00:00Z 2018 2018-10-16T12:59:03Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/16687 |
url |
http://hdl.handle.net/10071/16687 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
0186-1042 10.22201/fca.24488410e.2018.1663 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidad Nacional Autónoma de México |
publisher.none.fl_str_mv |
Universidad Nacional Autónoma de México |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799134871244767232 |