عنوان انگلیسی مقاله: Financial Statement Comparability and Expected Crash Risk

ترجمه عنوان مقاله: قابلیت مقایسه صورت های مالی و ریسک سقوط مورد انتظار

رشته: مالی و حسابداری

سال انتشار: 2015

تعداد صفحات مقاله انگلیسی: 50 صفحه

منبع: ساینس دایرکت و الزویر

نوع فایل: pdf

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Abstract
This study examines the impact of financial statement comparability on ex ante crash risk. Using the comparability measures of De Franco et al. (2011), we find that expected crash risk decreases with financial statement comparability, and this negative relation is more pronounced in an environment where managers are more prone to withhold bad news. We also provide evidence that comparability can mitigate the asymmetric market reaction to bad versus good news disclosures. Our results suggest that financial statement comparability disinclines managers from bad news hoarding, which reduces investors׳ perceptions of a firm׳s future crash risk.
Keywords: Financial statement comparability; Expected crash risk; Bad news hoarding

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