新冠疫情期间的公司治理与财务报告质量
Corporate governance and financial reporting quality during the COVID-19 pandemic.
作者信息
Hsu Yu-Lin, Yang Ya-Chih
机构信息
Department of Accounting and Finance, University of Strathclyde, Level 3, Stenhouse Wing, 199 Cathedral Street, Glasgow G4 0QU, UK.
Department of Accountancy, National Cheng Kung University. No. 1, University Road, Tainan City 701, Taiwan.
出版信息
Financ Res Lett. 2022 Jun;47:102778. doi: 10.1016/j.frl.2022.102778. Epub 2022 Mar 2.
This paper analyzes whether COVID-19 affects the financial reporting quality of companies and whether corporate governance has a mitigating effect. Using data from UK listed companies, we show that the quality of companies' financial reporting has been lower during the pandemic. Specifically, companies have engaged in more earnings management through real activities during the pandemic. We also find that a larger board helps to mitigate the negative impact of COVID-19 on financial reporting quality, although we find no mitigating effect for board independence and CEO duality. This paper provides additional evidence on the impact of COVID-19 on financial reporting quality using a strong country-level governance setting. It is also the first study to analyze the mitigating effect of corporate governance on financial reporting quality during the COVID-19 pandemic. The results of this study provide useful suggestions to the practice.
本文分析了新冠疫情是否会影响公司的财务报告质量以及公司治理是否具有缓解作用。利用英国上市公司的数据，我们发现疫情期间公司财务报告的质量较低。具体而言，在疫情期间，公司通过实际活动进行了更多的盈余管理。我们还发现，规模更大的董事会有助于减轻新冠疫情对财务报告质量的负面影响，不过我们并未发现董事会独立性和首席执行官兼任董事长对其有缓解作用。本文利用强有力的国家层面治理背景，为新冠疫情对财务报告质量的影响提供了补充证据。这也是第一项分析新冠疫情期间公司治理对财务报告质量缓解作用的研究。本研究结果为实践提供了有益的建议。
Zotero 插件