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Hometown advantage: The effects of monitoring institution location on financial reporting discretion

Ayers, Benjamin C. ; Ramalingegowda, Santhosh ; Eric Yeung, P.

Journal of accounting & economics, 2011-06, Vol.52 (1), p.41-61 [Periódico revisado por pares]

Amsterdam: Elsevier B.V

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Título:
Hometown advantage: The effects of monitoring institution location on financial reporting discretion
Autor: Ayers, Benjamin C. ; Ramalingegowda, Santhosh ; Eric Yeung, P.
Assuntos: Business ownership ; Corporate governance ; Earnings ; Earnings management ; Estimates ; Financial reporting ; Geographic distance ; Geographic location ; Impact analysis ; Information acquisition ; Institutional investments ; Institutional investors ; Monitoring ; Reporting discretion ; Reporting discretion Institutional investors Geographic distance Corporate governance Earnings management ; Studies
É parte de: Journal of accounting & economics, 2011-06, Vol.52 (1), p.41-61
Notas: ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
Descrição: We examine the impact of institutional ownership on financial reporting discretion, focusing on whether the impact varies with institutions' cost of acquiring monitoring information. Using geographic distance between the firm and the institutional investor as a proxy for the cost of acquiring monitoring information, we find that corporate managers are less likely to use financial reporting discretion in the presence of local monitoring institutions than distant monitoring institutions. We also find that the impact of monitoring institutions on financial reporting discretion varies with the costs and benefits of financial reporting discretion. ► We examine monitoring information cost and financial reporting discretion. ► Lower monitoring information costs result in less financial reporting discretion. ► This result is more pronounced when the costs of reporting discretion are higher. ► Low monitoring information costs do not deter beneficial reporting discretion.
Editor: Amsterdam: Elsevier B.V
Idioma: Inglês

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Hometown advantage: The effects of monitoring institution location on financial reporting discretion

Ayers, Benjamin C. ; Ramalingegowda, Santhosh ; Eric Yeung, P.

Amsterdam: Elsevier B.V

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