Testing the Relative Power of Accounting Standards versus Incentives and Other Institutional Features to Influence the Outcome of Financial Reporting in an International Setting
Robert W. Holthausen
University of Pennsylvania - Accounting Department
October 17, 2003
JAE Boston Conference October 2002
Ball Robin and Wu (2003) investigate the relationship between accounting standards and the structure of other institutions on the attributes of the financial reporting system. They find evidence consistent with the hypothesis that beyond accounting standards, the structure of other institutions, such as incentives of preparers and auditors, enforcement mechanisms and ownership structure affects the outcome of the financial reporting system. However, interpretation of the evidence with respect to the notion of quality of the financial reporting system and the quality of accounting standards that the authors introduce is problematic.
Number of Pages in PDF File: 22
Keywords: financial reporting quality, international accounting standards, cross-country comparisons, transparency, timeliness, conservatism, economic income
JEL Classification: D82, F02, G15, G32, M41, M49, 053
Date posted: December 20, 2003
© 2015 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo2 in 0.281 seconds