Accounting Quality and Loan Pricing: The Effect of Cross-country Differences in Legal Enforcement
作者： Seraina C. Anagnostopoulou
DOI: 10.1016/J.INTACC.2016.11.001
关键词: Bridge loan 、 Accounting 、 Financial statement 、 Participation loan 、 Loan 、 Non-performing loan 、 Quality (business) 、 Credibility 、 Enforcement 、 Business
摘要: Abstract This study examines whether the strength of legal enforcement at country level plays a role in value-relevance accounting quality for loan pricing determination, using an international sample firms reporting under IFRS. The underlying hypothesis is that stronger vs. weaker should affect informativeness financial statements, due to their increased credibility, and thus results influence on pricing, case this information considered more reliable by potential lenders. Evidence indicates consequential determination spread only combination with enforcement, holds countries enforcement. evidence statement value-relevant has significant impact if be credible enough providers country, when stronger.
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