We define higher audit quality as greater assurance of high financial reporting quality.
Researchers use many proxies for audit quality, with little guidance on choosing among …

Researchers have used various measures as indications of “earnings quality” including
persistence, accruals, smoothness, timeliness, loss avoidance, investor responsiveness …

Overconfident managers overestimate future returns from their firms' investments. Thus, we
predict that overconfident managers will tend to delay loss recognition and generally use …

We provide evidence on the preliminary effects of mandatory adoption of International
Financial Reporting Standards (IFRS) on accounting quality for a relatively broad set of firms …

In recent years, numerous studies have investigated whether individual executives and their
characteristics relate to financial reporting choices. In this article, we review archival …

Using an international sample of banks and country-level indices for individualism and
uncertainty avoidance as proxies for national culture, we study how differences in culture …

We examine whether earnings quality is jointly affected by the investor protection
environment where a firm is located and the firm's choice of a Big 4 versus non–Big 4 …

Using three different measures of conservatism, we document that (i) the percentage of
inside directors is negatively related to conservatism, and (ii) the percentage of outside …

We argue that conservatism improves investment efficiency. In particular, we predict that it
resolves debt-equity conflicts, facilitating a firm׳ s access to debt financing and limiting …

This paper explores financial reporting incentives created by an economy's institutional
structure. The underlying premise of our analysis is that a country's legal/judicial system …