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| Author: | Chaney, P. K. Faccio, M. Parsley, D. |
| Title: | The quality of accounting information in politically connected firms |
| Journal: | Journal of Accounting & Economics
2011 : FEB, VOL. 51: 1-2, p. 58-76 |
| Index terms: | information quality control accounting information systems earnings politics companies |
| Freeterms: | connections accruals quality |
| Language: | eng |
| Abstract: | The author argues that the quality of earnings reported by politically connected firms is significantly poorer than that of similar non-connected companies. It is found that because of a lesser need to respond to market pressures to increase the quality of information, connected companies can afford disclosing lower quality accounting information. In particular, lower quality reported earnings is associated with a higher cost of debt only for the non-politically connected firms in the sample. |
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