Cross-Country Research on Earnings Quality: A Literature Review and Future Opportunities
Cross-Country Research on Earnings Quality: A Literature Review and Future Opportunities
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DOI：
10.2139/ssrn.3162019
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发表时间：
2018-04
期刊：
影响因子：
--
通讯作者：
M. Enomoto
中科院分区：
文献类型：
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作者：
M. Enomoto
在过去的二十年里，越来越多的文献研究了影响国际财务报告差异的因素，特别是盈余质量。本文的目的是提供一个概述的跨国研究，重点是盈余质量和提供建议，为未来的主题在该领域。在这项研究中，我首先讨论盈余质量与以下制度和文化因素之间的关系，这些因素在以前的文献中已经研究过：法律的传统，投资者保护（外部投资者权利和法律的执行），税收制度，法规，金融发展，市场竞争，会计准则（与IAS的分歧），会计准则的执行，文化，宗教信仰和语言。其次，盈余质量的改善和国际财务报告准则（IFRS）的采用之间的关系进行了说明。结果是喜忧参半，并表明，一个单一的一套会计准则，通常被视为高质量并不总是提高盈利质量。此外，这种关系因一个国家的体制和文化因素而异。这意味着，通过采用《国际财务报告准则》进行改进需要发展一种体制环境。最后，作为对未来研究的前景，本文讨论了从单一国家研究到跨国研究的扩展，IFRS的采用通过盈余质量的变化对会计契约作用的影响，以及国际环境下非上市公司的盈余质量。随着最近数据可用性的增加，这些主题已成为一个更富有成果的研究途径。
Over the last two decades, a growing body of literature has investigated the factors influencing the differences in financial reporting, especially earnings quality, in an international setting. The purpose of this paper is to provide an overview of the cross-country research that focuses on earnings quality and to offer suggestions for future topics in the field. In this study, I first discuss the relationship between earnings quality and the following institutional and cultural factors that have been examined in prior literature: legal tradition, investor protection (outside investor rights and legal enforcement), tax system, regulations, financial development, market competition, accounting standards (divergence from IAS), enforcement of accounting standards, culture, religiosity, and language. Second, the relationship between the improvement of earnings quality and International Financial Reporting Standards (IFRS) adoption is described. The results are mixed and suggest that a single set of accounting standards that are generally viewed as high quality does not always improve earnings quality. In addition, the relationship varies with the institutional and cultural factors of a country. It means that improvement through IFRS adoption would require the development of an institutional environment. Finally, as a prospect for future research, this paper discusses the extension from a single-country to cross-country study, the impact of IFRS adoption on the contracting role of accounting through the change in earnings quality, and earnings quality of non-listed firms in an international setting. These topics have become a more fruitful avenue of research with the recent increase in the availability of data.