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https://ah.lib.nccu.edu.tw/handle/140.119/64030
題名: | The impact of accounting information quality on the mispricing of accruals: The case of FRS3 in the UK | 作者: | 詹凌菁;Edward Lee;Stephen Lin Chan, Ann L-C ; Lee, Edward ; Lin, Stephen |
貢獻者: | 會計系 | 關鍵詞: | Accrual anomaly;Accrual quality;FRS3 | 日期: | Jun-2009 | 上傳時間: | 19-Feb-2014 | 摘要: | We exploit a unique setting of accounting regulation change to examine how accounting information quality affects the well-documented accrual anomaly. We show a significant reduction in the negative return predictability of accruals among UK companies with poorer accounting information quality following the introduction of Financial Reporting Standard No. 3: Reporting Financial Performance (FRS3). While the functional fixation hypothesis attributes the mispricing of accruals to the judgemental error of end-users of information, our findings suggest that the supply side of information also plays a crucial role. Our results provide evidence that regulatory interventions seeking to improve accounting information quality can reduce the mispricing of securities in the capital market. | 關聯: | Journal of Accounting and Public Policy, 28(3), 189-206 | 資料來源: | http://dx.doi.org/10.1016/j.jaccpubpol.2009.04.002 | 資料類型: | article | DOI: | http://dx.doi.org/10.1016/j.jaccpubpol.2009.04.002 |
Appears in Collections: | 期刊論文 |
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