The effect of Financial Reports’ Quality on Firm’s Performance

Detalhes bibliográficos
Autor(a) principal: Pereira, Cláudia
Data de Publicação: 2009
Outros Autores: Cerqueira, António Melo, Brandão, Elísio
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10400.22/584
Resumo: We analyse whether the quality of firms’ Financial Reports (FRQ) produces any effect on their performance. Bradshaw et al. (2004) and Gelos and Wei (2005) call attention to the fact that the international capital movements is affected by FRQ. Following Schipper and Vicent (2003) we use the abnormal accruals to access earnings quality. For seventeen European countries, we found evidence that FRQ produces a positive impact on firm’s performance. This finding indicates that mangers are not opportunists and tends to make decisions to defend the firm’s best interests. This result is robust since it does not depend on the accounting firms’ performance proxy (ROA/ROE). In addition, it is also consistent when we use data in time series and in cross-sectional and when we estimate regression with lagged or the current year information about abnormal accruals.
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spelling The effect of Financial Reports’ Quality on Firm’s PerformanceFinancial report qualityAbnormal accrualsFirm performanceWe analyse whether the quality of firms’ Financial Reports (FRQ) produces any effect on their performance. Bradshaw et al. (2004) and Gelos and Wei (2005) call attention to the fact that the international capital movements is affected by FRQ. Following Schipper and Vicent (2003) we use the abnormal accruals to access earnings quality. For seventeen European countries, we found evidence that FRQ produces a positive impact on firm’s performance. This finding indicates that mangers are not opportunists and tends to make decisions to defend the firm’s best interests. This result is robust since it does not depend on the accounting firms’ performance proxy (ROA/ROE). In addition, it is also consistent when we use data in time series and in cross-sectional and when we estimate regression with lagged or the current year information about abnormal accruals.Instituto Politécnico do Porto. Instituto Superior de Contabilidade e Administração do PortoRepositório Científico do Instituto Politécnico do PortoPereira, CláudiaCerqueira, António MeloBrandão, Elísio2012-07-30T10:54:36Z20092009-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.22/584enginfo: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:RCAAP2023-03-13T12:40:10Zoai:recipp.ipp.pt:10400.22/584Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:22:03.761277Repositório 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 The effect of Financial Reports’ Quality on Firm’s Performance
title The effect of Financial Reports’ Quality on Firm’s Performance
spellingShingle The effect of Financial Reports’ Quality on Firm’s Performance
Pereira, Cláudia
Financial report quality
Abnormal accruals
Firm performance
title_short The effect of Financial Reports’ Quality on Firm’s Performance
title_full The effect of Financial Reports’ Quality on Firm’s Performance
title_fullStr The effect of Financial Reports’ Quality on Firm’s Performance
title_full_unstemmed The effect of Financial Reports’ Quality on Firm’s Performance
title_sort The effect of Financial Reports’ Quality on Firm’s Performance
author Pereira, Cláudia
author_facet Pereira, Cláudia
Cerqueira, António Melo
Brandão, Elísio
author_role author
author2 Cerqueira, António Melo
Brandão, Elísio
author2_role author
author
dc.contributor.none.fl_str_mv Repositório Científico do Instituto Politécnico do Porto
dc.contributor.author.fl_str_mv Pereira, Cláudia
Cerqueira, António Melo
Brandão, Elísio
dc.subject.por.fl_str_mv Financial report quality
Abnormal accruals
Firm performance
topic Financial report quality
Abnormal accruals
Firm performance
description We analyse whether the quality of firms’ Financial Reports (FRQ) produces any effect on their performance. Bradshaw et al. (2004) and Gelos and Wei (2005) call attention to the fact that the international capital movements is affected by FRQ. Following Schipper and Vicent (2003) we use the abnormal accruals to access earnings quality. For seventeen European countries, we found evidence that FRQ produces a positive impact on firm’s performance. This finding indicates that mangers are not opportunists and tends to make decisions to defend the firm’s best interests. This result is robust since it does not depend on the accounting firms’ performance proxy (ROA/ROE). In addition, it is also consistent when we use data in time series and in cross-sectional and when we estimate regression with lagged or the current year information about abnormal accruals.
publishDate 2009
dc.date.none.fl_str_mv 2009
2009-01-01T00:00:00Z
2012-07-30T10:54:36Z
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/10400.22/584
url http://hdl.handle.net/10400.22/584
dc.language.iso.fl_str_mv eng
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eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Instituto Politécnico do Porto. Instituto Superior de Contabilidade e Administração do Porto
publisher.none.fl_str_mv Instituto Politécnico do Porto. Instituto Superior de Contabilidade e Administração do Porto
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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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
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