The Role of Smog in Firm Valuation

Peng, Muze; Zeng, Yanjun; Yang, David C.; Li, Bin

doi:10.1080/1540496x.2021.1929165

Cited by 4 publications

(2 citation statements)

References 42 publications

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“…Accounting comparability is an important factor in assessing firms' performance (Bourveau et al 2022;Januarsi and Yeh 2022;Khuong et al 2022;Peng et al 2022). Currently, the main concern lies in protecting public interest and maintaining the quality of accounting information.…”

Section: Accounting Comparability and Executive Compensation-performancementioning

confidence: 99%

Accounting Comparability, Conservatism, Executive Compensation-Performance, and Information Quality

Daryaei

Fattahi

Askarany

et al. 2022

JRFM

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This paper investigates the relationship between accounting comparability, executive compensation, conditional and unconditional conservatism, and accounting information quality. The findings suggest that conditional conservatism and accounting comparability have a positive and significant impact on executive compensation. Moreover, accrual earnings management can strengthen the relationship between accounting comparability and executive compensation, whereas this is not the case with actual earnings management. Unconditional conservatism, however, does not significantly influence executive compensation. In the end, determining the correlation between earnings management and conservatism reveals that executives use conditional conservatism to perform opportunistic behaviours and gain more compensation. In light of the current results, it is expected that the assimilation of standardisation processes and their use in conjunction with existing features will enhance information quality, greater reliability of financial reports, and protect public interests.

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Section: Accounting Comparability and Executive Compensation-performancementioning

confidence: 99%

Accounting Comparability, Conservatism, Executive Compensation-Performance, and Information Quality

Daryaei

Fattahi

Askarany

et al. 2022

JRFM

View full text Add to dashboard Cite

show abstract

“…In view of the severity of smog pollution, extensive academic research has been conducted to study its effects. These studies address the effects of smog pollution not only on physical health [1,2], emotions [3,4], and investor trading behavior [5,6], but also on corporate debt financing capacity [7], firm-level total factor productivity [8], corporate cash holdings [9,10], and market value [11]. In particular, the impact of smog pollution on audit quality has also attracted scholarly attention.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Smog Pollution on Audit Quality: Evidence from China

Zhou

Zhang

et al. 2021

Atmosphere

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Audit quality usually refers to the quality that the auditing services accounting firm auditors provide to an enterprise in the form of an audit report. This study empirically analyzes the impact mechanism of smog pollution on audit quality, based on the data of A-share listed companies in the Shanghai and Shenzhen Stock Exchanges during the period 2013 to 2017 and the air quality monitoring data released by the China National Environmental Monitoring Centre covering the period 2013 to 2018. First, the empirical results show that smog pollution can lead to a decline in audit quality. Second, audit time plays a partial mediating role in the relationship between smog pollution and audit quality. Further analysis indicates that the negative impact of smog pollution on audit quality and the intermediary role played by audit time are only significant in the sample of “top 10” accounting firms. Third, the enterprise′s internal control level positively moderates the mediating effect of audit time on smog pollution and audit quality.

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The impact of digital finance on green innovation: resource effect and information effect

Liu

Chen

2022

Environ Sci Pollut Res

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The Role of Smog in Firm Valuation

Cited by 4 publications

References 42 publications

Accounting Comparability, Conservatism, Executive Compensation-Performance, and Information Quality

Accounting Comparability, Conservatism, Executive Compensation-Performance, and Information Quality

The Impact of Smog Pollution on Audit Quality: Evidence from China

The impact of digital finance on green innovation: resource effect and information effect

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