{"title":"Firm-Level Incentives and the Informativeness of Accounting Reports: An Experiment in Brazil","authors":"Alexsandro Broedel Lopes, M. Walker","doi":"10.2139/ssrn.1095781","DOIUrl":null,"url":null,"abstract":"We complement recent research (Ball et al. 2003) which suggests that country-level incentives (i.e. legal origin and the level of capital market development) are the main determinants of the quality of financial reporting. Using a newly developed Brazilian Corporate Governance Index (BCGI) we perform an experiment in the poor quality accounting and governance Brazilian environment. We find that superior governance practices at the firm-level and cross-listing have a first-order effect on the informativeness of accounting reports. The earnings quality of Brazilian firms with good governance is similar to the quality previously reported for firms based in common law developed countries.","PeriodicalId":423843,"journal":{"name":"Corporate Law: Corporate Governance Law","volume":"29 13","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2008-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"77","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Corporate Law: Corporate Governance Law","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.1095781","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 77
Abstract
We complement recent research (Ball et al. 2003) which suggests that country-level incentives (i.e. legal origin and the level of capital market development) are the main determinants of the quality of financial reporting. Using a newly developed Brazilian Corporate Governance Index (BCGI) we perform an experiment in the poor quality accounting and governance Brazilian environment. We find that superior governance practices at the firm-level and cross-listing have a first-order effect on the informativeness of accounting reports. The earnings quality of Brazilian firms with good governance is similar to the quality previously reported for firms based in common law developed countries.
我们补充了最近的研究(Ball et al. 2003)，该研究表明，国家层面的激励(即法律来源和资本市场发展水平)是财务报告质量的主要决定因素。利用新开发的巴西公司治理指数(BCGI)，我们在巴西质量较差的会计和治理环境中进行了实验。我们发现，公司层面的卓越治理实践和交叉上市对会计报告的信息量具有一阶效应。治理良好的巴西公司的盈余质量与以前报道的普通法发达国家公司的盈余质量相似。
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