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| Tekijä: | Ayers, B.C. Ramalingegowda, S. Yeung, P.E. |
| Otsikko: | Hometown advantage: the effects of monitoring institution location on financial reporting discretion |
| Lehti: | Journal of Accounting & Economics
2011 : JUN, VOL. 52:1, p. 41-61 |
| Asiasana: | earnings costs financial statements corporate governance institutional investors reports |
| Kieli: | eng |
| Tiivistelmä: | The impact of institutional ownership on financial reporting discretion is studied, focusing on whether the impact differs with institutions' cost of obtaining monitoring information. Using geographic distance between the firm and the institutional investor as a proxy for the cost of obtaining monitoring information, it is found that corporate managers less likely use financial reporting discretion in the presence of local monitoring institutions compared to distant monitoring institutions. Also, the effect of monitoring institutions on financial reporting discretion varies with the costs and benefits of financial reporting discretion. |
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