Financial Reporting Quality and Investment Efficiency

By Rodrigo S. Verdi. 2006

225 citations recorded by the source corpus.

Subfields: Accounting, Management Information Systems, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/88923a007ba466f027a2032ef84e7e8a80353ec4

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Citations in the corpus

Property rights protection, corporate transparency, and growth (2009, unknown): “Wurgler (2000) measures investment efficiency as the elasticity of investment with respect to value-added and links it to capital markets development and markets informativeness.”
Does Public Ownership of Equity Improve Earnings Quality (2010, unknown): “…may reflect the volatility of the firm’s operations rather than reporting quality per se (see Liu and Wysocki 2006), we follow the suggestion in Verdi (2006) and create an additional relative measure of accruals quality defined as the ratio of the standard deviation of the residuals from…”
Corporate Governance, Accounting Outcomes, and Organizational Performance (2007, methodology): “persistence, value relevance and accrual quality (Verdi 2006).”
The Effect of Private Information and Monitoring on the Role of Accounting Quality in Investment Decisions (2009, unknown): “This is consistent with both Biddle and Hilary (2006) and Verdi (2006): Firms with better accounting quality have fewer information asymmetries and are less likely to face financing constraints.”
Managerial Empire Building and Firm Disclosure (2008, methodology): “Following the procedure in Verdi (2006), we include accrual quality as an additional control variable.”
The Determinants and Consequences of Heterogeneous IFRS Compliance Levels Following Mandatory IFRS Adoption: Evidence from a Developing Country (2011, unknown): “Supportive evidence is also provided by Chen et al. (2010), who find that financial reporting quality reduces investment inefficiencies in emerging economies.”
Disclosure Quality, Cost of Capital, and Investor Welfare (2008, background): “While Lambert, Leuz, and Verrecchia (2007) and my paper define cost of capital in the return space, Easley and O’Hara (2004) and Hughes, Liu, and Liu (2007) define it in the price space.”
Financial Reporting Quality, Private Information, Monitoring and the Lease-Versus-Buy Decision (2010, background): “Both Verdi (2006) and Biddle et al. (2009) find that financial reporting quality is positively correlated with investment when firms are prone to under-invest and is negatively correlated with investment when firms are prone to over-invest.”