Utilize este identificador para referenciar este registo:
http://hdl.handle.net/10071/16687
Autoria: | Paiva, I. S. |
Data: | 2018 |
Título próprio: | Contracting debt and the quality of financial reporting in private firms |
Volume: | 63 |
Número: | 3 |
ISSN: | 0186-1042 |
DOI (Digital Object Identifier): | 10.22201/fca.24488410e.2018.1663 |
Palavras-chave: | Private firms Financial reporting Bank debt Discretionary accruals Timeliness |
Resumo: | This study investigates whether the quality of firms' financial reporting is influenced by the contracting of debt, using data on Portuguese private firms from 2013 to 2015. More specifically, the study uses earnings smoothing, magnitude of absolute discretionary accruals, and timeliness of disclosure as proxies for financial reporting quality. I find that private firms which contract more debt exhibit higher levels of financial reporting quality. Additionally, firms that contract larger amounts of debt and with a good financial performance tend to exhibit lower quality financial reporting. The results provide strong evidence that private firms have an interest in camouflaging their performance in the presence of higher levels of bank debt. |
Arbitragem científica: | yes |
Acesso: | Acesso Aberto |
Aparece nas coleções: | DC-RI - Artigos em revistas científicas internacionais com arbitragem científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
---|---|---|---|---|
1663-6121-2-PB.pdf | Versão Editora | 479,74 kB | Adobe PDF | Ver/Abrir |
Todos os registos no repositório estão protegidos por leis de copyright, com todos os direitos reservados.