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Orientador(es)
Resumo(s)
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.
Descrição
Palavras-chave
Financial report quality Abnormal accruals Firm performance
Contexto Educativo
Citação
Editora
Instituto Politécnico do Porto. Instituto Superior de Contabilidade e Administração do Porto