The Effect of Voluntary Clawback Adoption on Non-GAAP Reporting
Publication in refereed journal

香港中文大學研究人員
替代計量分析
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其它資訊
摘要We examine the effect of voluntary adoption of clawback provisions on non-GAAP earnings disclosures. Prior literature documents that voluntary clawback adoption improves financial reporting quality by increasing the costs of misstating GAAP earnings. However, managers may respond to perceptions of reduced discretion over GAAP reporting by increasing their reliance on non-GAAP earnings disclosures. Using a propensity score matched sample, we find that non-GAAP earnings disclosure frequency increases and non-GAAP exclusion quality decreases after clawback adoption, consistent with a more opportunistic use of non-GAAP reporting. Additional cross-sectional tests help support this interpretation.
出版社接受日期17.09.2018
著者Hangsoo KYUNG, Hakying LEE, Carol MARQUARDT
期刊名稱Journal of Accounting and Economics
出版年份2019
月份2
卷號67
期次1
出版社Elsevier B.V.
頁次175 - 201
國際標準期刊號0165-4101
電子國際標準期刊號1879-1980
語言美式英語
關鍵詞Clawbacks, Corporate governance, Non-GAAP earnings, Earnings quality, Dodd-Frank

上次更新時間 2021-07-05 於 01:12