Testing the relative power of accounting standards versus incentives and other institutional features to influence the outcome of financial reporting in an international setting

• 成果类型: Article
• 署名作者: Holthausen, RW
• 署名单位: University of Pennsylvania
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101
• DOI: 10.1016/j.jacceco.2003.10.004
• 发表日期: 2003
• 关键词: investor protection; OWNERSHIP

摘要

Ball, Robin and Wu (Journal of Accounting and Economics, 2003, this issue) 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. (C) 2003 Elsevier B.V. All rights reserved.