Financial reporting and corporate political connections: An analytical model of interactions

Bleibtreu, Christopher; Königsgruber, Roland; Lanzi, Thomas

doi:10.1016/j.jaccpubpol.2021.106904

Cited by 5 publications

(3 citation statements)

References 61 publications

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“…A recent study by Farag and Dickinson (2020) has provided evidence that the government and regulatory bodies' connections, though not necessarily improving stock abnormal performance, are negatively associated with company risk in financial companies. Analytically, Bleibtreu et al (2021) investigate the influences of the accounting regime on the value of political connections.…”

Section: Political Connections and Earnings Managementmentioning

confidence: 99%

Do political connections reduce earnings management?

Khalil

Harianto²,

Gűney

2022

Rev Quant Finan Acc

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Section: Political Connections and Earnings Managementmentioning

confidence: 99%

Do political connections reduce earnings management?

Khalil

Harianto²,

Gűney

2022

Rev Quant Finan Acc

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“…EPC) that could result from a crisis. Similarly, Bleibtreu et al (2021) formulation and the financial reporting-corporate political connections relationship. The authors highlight that politically connected firms tend to report more in good economic conditions than non-connected firms.…”

Section: Themes From Emerging Researchmentioning

confidence: 99%

“…EPC) that could result from a crisis. Similarly, Bleibtreu et al. (2021) analytically explore policy formulation and the financial reporting–corporate political connections relationship.…”

Section: Themes From Emerging Researchmentioning

confidence: 99%

Financial reporting quality during a crisis: a systematic review

Saha

2022

JAL

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PurposeThis paper presents a systematic literature review, including content and bibliometric analyses, of the impact of a crisis on financial reporting quality. In addition, this review identifies emerging research themes and provides future directions.Design/methodology/approachThe adopted systematic literature review approach finds 29 highly cited articles on the effect of a crisis on financial reporting quality, with an additional seven studies for analysis identified in a review of emerging literature.FindingsThis study consolidates prior research findings on financial reporting quality during a crisis under four major themes: (1) earnings quality and its determinants; (2) audit quality around a crisis; (3) conservatism, valuation effects and corporate governance; and (4) financial stability and regulations. Mixed and inconclusive findings are documented for most themes, suggesting that this literature is still in its infancy and that room exists for further theoretical refinement.Practical implicationsThe study's findings potentially have important ramifications for managers, standard setters, government regulators and policymakers. By highlighting examples of changes in firms' reporting practices during a crisis, the study provides a context in which to understand the influence or potential influence of the current coronavirus (COVID-19) pandemic on firms' financial reporting practices.Originality/valueTo the best of the author's knowledge, this is the first study to systematically review and synthesise prior research findings on the quality of financial reporting during economic crises. The study identifies many unexplored research areas regarding crises, with possible direct implications for financial reporting practices. The impact of these issues needs to be carefully considered and understood, with the current coronavirus pandemic demonstrating that firms have the opportunity to compromise ethical aspects of their decisions as they experience pressure to maximise profits.

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