Essays On Financial Reporting Quality
DOWNLOAD
Download Essays On Financial Reporting Quality PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Financial Reporting Quality book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On Financial Reporting Quality
DOWNLOAD
Author : Yuequan Wang
language : en
Publisher:
Release Date : 2012
Essays On Financial Reporting Quality written by Yuequan Wang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Corporation reports categories.
Because of the importance of financial reporting quality in capital market, I explore the determinants to financial reporting quality in my second essay, "Market power and accrual management". I examine whether a firm's competition status in product markets affects its financial reporting quality, measured as discretionary accrual. I argue that because firms with greater market power have a greater ability to set prices for their products, they have comparatively fewer incentives to manipulate earnings through accrual management. I use the Lerner index to measure product market power and asset-deflated absolute discretionary accruals to proxy the magnitude of accrual management. Using a large sample of firm-year observations from 1997 to 2007, I find that, as hypothesized, firms with greater market power tend to have lower levels of accrual management. The final essay, "Product market competition and audit fees", goes one-step further than the second. As noted in the second essay, product market competition affects a firm's financial reporting quality. However, financial reporting quality may not be the only factor auditors take into account when they decide what fees to charge a client. The last essay, therefore, empirically explores the inter- and intra- industry effect of product market competition on audit fees. Prior literature posits two contradictory predictions on the relation between product market competition and audit fees. On the one hand, firms in a competitive market are expected to face higher liquidity risk, distress risk, and liquidation risk, thus increasing auditors' assessments of a client's business risk. So, audit fees are expected to increase with industry competitiveness. On the other hand, it is often argued in prior literature that product market competition decreases information asymmetry and mitigates agency problems between shareholders and managers and increases the accuracy of financial reporting, thus decreasing auditors' assessments of a client's audit risk resulting in necessary audits. So auditors tend to charge lower fees on firms in a more competitive industry. The study, then, empirically tests the relation between product market competition and audit fees and finds that auditors charge higher fees on firms in a more competitive industry. It also finds that auditors charge lower fees on firms with greater market power within the same industry.
Two Essays On Financial Reporting Quality
DOWNLOAD
Author : Yangxin Yu
language : en
Publisher:
Release Date : 2011
Two Essays On Financial Reporting Quality written by Yangxin Yu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Auditing categories.
Essays On The Determinants And Effects Of Financial Reporting Quality
DOWNLOAD
Author : Ting Luo
language : en
Publisher:
Release Date : 2007
Essays On The Determinants And Effects Of Financial Reporting Quality written by Ting Luo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Essays On Institutional Economics And The Quality Of Financial Reporting
DOWNLOAD
Author : John A. Hepp
language : en
Publisher:
Release Date : 2004
Essays On Institutional Economics And The Quality Of Financial Reporting written by John A. Hepp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Essays On The Quality Of Audited Financial Statements
DOWNLOAD
Author : Ulf Mohrmann
language : en
Publisher: Logos Verlag Berlin GmbH
Release Date : 2016-02-15
Essays On The Quality Of Audited Financial Statements written by Ulf Mohrmann and has been published by Logos Verlag Berlin GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-15 with Business & Economics categories.
The dissertation consists of four essays on the quality of audited financial statements. The first analysis investigates the association between several regulations of the audit market and earnings characteristics. The second essay differentiates between different drivers of audit quality after an auditor change by comparing the effects of voluntary and mandatory auditor changes. The third study analyses the different strategies of Big4 and non-Big4 auditors in dealing with Level 3 fair values. The fourth part examines banks' valuation behavior concerning Level 3 fair values.
Three Essays On Audit Committees And Financial Reporting Quality
DOWNLOAD
Author : John Lewis Abernathy
language : en
Publisher:
Release Date : 2010
Three Essays On Audit Committees And Financial Reporting Quality written by John Lewis Abernathy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Electronic dissertations categories.
This dissertation investigates the relationship between audit committee characteristics and financial reporting quality. The dissertation is organized into three essays that examine this topic. The first two essays examine audit committee characteristics and their association with various measures of financial reporting quality. Essay Three summarizes relevant literature regarding conservatism, a measure of financial reporting quality. In Essay One, I examine whether adding board members with accounting financial expertise to the audit committee is associated with an increase in a firm's accounting conservatism. The results of this study provide evidence that the addition of accounting expertise is positively associated with higher conservatism as measured by the Penman and Zhang (2000) C-Score measure of conservatism, but only for firms with a strong governance structure. For firms with weak governance, the addition of accounting expertise to the audit committee is associated with higher levels of conservatism as measured by the Givoly and Hayn (2000) negative accruals measure of conservatism. However, the addition of accounting financial expertise is not associated with higher levels of conservatism as measured by the Beaver and Ryan (2000) book-to market measure. Sensitivity analysis suggests that the addition of accounting financial expertise is associated with higher conditional conservatism as measured by the Basu (1997) asymmetric loss recognition measure. In Essay Two, I investigate the association between analyst earnings forecast properties and the presence of accounting financial expertise on audit committees. The results indicate that the presence of accounting financial expertise is associated with significantly higher forecast accuracy and significantly lower forecast dispersion. Additionally, I find that the non-accounting financial expertise is significantly associated with higher analyst forecast accuracy and lower forecast dispersion, but nonfinacial expertise is not. Essay Three summarizes relevant literature regarding conservatism, a measure of financial reporting quality.
Disclosures And Judgment In Financial Reporting
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2015
Disclosures And Judgment In Financial Reporting written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Essays On Corporate Governance And Financial Reporting Quality
DOWNLOAD
Author : Martin Mutschmann
language : en
Publisher:
Release Date : 2018
Essays On Corporate Governance And Financial Reporting Quality written by Martin Mutschmann and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Accounting Essays
DOWNLOAD
Author : Thomas Heaton Spitters
language : en
Publisher: Lulu.com
Release Date : 2011-03-31
Accounting Essays written by Thomas Heaton Spitters and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-03-31 with Business & Economics categories.
A thorough retrospective guide to financial accounting changes related to Sarbanes - Oxley and corresponding legislation.
Essays On Liquidity Shocks And Firms Financial Reporting Quality
DOWNLOAD
Author : Kin Ying Lo
language : en
Publisher:
Release Date : 2011
Essays On Liquidity Shocks And Firms Financial Reporting Quality written by Kin Ying Lo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.