Supply chain shocks and firm productivity: The role of reporting quality

• 成果类型: Article
• 署名作者: Berger, Philip G.; Tomy, Rimmy E.
• 署名单位: University of Chicago
• 刊物名称: JOURNAL OF ACCOUNTING & ECONOMICS
• ISSN/ISSBN: 0165-4101; 1879-1980
• DOI: 10.1016/j.jacceco.2025.101833
• 发表日期: 2026-04
• 页码: 101833
• 关键词: productivity; TFP; accounting quality; Supply chain shock; INFORMATION; managerial; inertia; inputs; TRADE

摘要

We examine the role of reporting quality in firms' responses to a supply chain shock. Extant research examines the role of financial or managerial reporting quality in recurring operating or investing decisions, but little evidence exists on its role in firm restructuring following adverse shocks. Our setting is the 1999 Taiwan earthquake, which disrupted supply chains for certain U.S. high-technology manufacturers. We find total factor productivity increases for affected firms relative to unaffected ones, and this effect is stronger when pre-shock reporting quality is higher. The relation between pre-shock reporting quality and post-shock productivity improvement is more pronounced for firms that incur post-shock restructuring charges or make larger spending cuts. Furthermore, post-shock accounting measures of performance improve more for affected firms with higher pre-shock reporting quality. Overall, our results suggest that accounting information plays a crucial role in enhancing firm resilience and adaptability in the face of external shocks.