Testing the Relative Power of Accounting Standards Versus Incentives and Other Institutional Features to Influence the Outcome of Financial Reporting in an International Setting

Posted: 5 Jan 2004

See all articles by Robert W. Holthausen

Robert W. Holthausen

University of Pennsylvania - Accounting Department

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Abstract

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.

Keywords: financial reporting quality, international accounting standards, cross-country comparisons, transparency, timeliness, conservatism, economic income

JEL Classification: D82, F02, G15, G32, M41, M44, M47, M49, 053

Suggested Citation

Holthausen, Robert W., Testing the Relative Power of Accounting Standards Versus Incentives and Other Institutional Features to Influence the Outcome of Financial Reporting in an International Setting. Journal of Accounting & Economics, Vol. 36, Nos. 1-3, pp. 271-283, December 2003. Available at SSRN: https://ssrn.com/abstract=480422

Robert W. Holthausen (Contact Author)

University of Pennsylvania - Accounting Department ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States
215-898-7781 (Phone)
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