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Cited by 1,254

The DOI matches its Crossref record; 69 of the 69 references it cites were found in a registry or an index.

Financial Reporting Quality and Investment Efficiency of Private Firms in Emerging Markets

Open access
Chen, Feng, Hope, Ole-Kristian, Li, Qingyuan, Wang, Xin·2011·The Accounting Review
DOI 10.2308/accr-10040
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Abstract

Prior research shows that financial reporting quality (FRQ) is positively related to investment efficiency for large U.S. publicly traded companies. We examine the role of FRQ in private firms from emerging markets, a setting in which extant research suggests that FRQ would be less conducive to the mitigation of investment inefficiencies. Earlier studies show that private firms have lower FRQ, presumably because of lower market demand for public information. Prior research also shows that FRQ is lower in countries with low investor protection, bank-oriented financial systems, and stronger conformity between tax and financial reporting rules. Using firm-level data from the World Bank, our empirical evidence suggests that FRQ positively affects investment efficiency. We further find that the relation between FRQ and investment efficiency is increasing in bank financing and decreasing in incentives to minimize earnings for tax purposes. Such a connection between tax-minimization incentives and the informational role of earnings has often been asserted in the literature. We provide explicit evidence in this regard.

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Metadata

Authors
Chen, F., Hope, O.-K., Li, Q., & Wang, X.
Venue
The Accounting Review
Publisher
American Accounting Association
Published
2011-04-01
Volume
86
Issue
4
Pages
1255-1288
ISSN
  • 0001-4826 (ISSN-L)
  • 1558-7967
DOI
10.2308/accr-10040
OpenAlex
W3125293776
Cited by
1,254
References
69
FWCI
97.25
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Financial Reporting Quality and Investment Efficiency of Private Firms in Emerging Markets. https://app.cochat.ai/papers/10.2308/accr-10040
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Chen, F., Hope, O.-K., Li, Q., & Wang, X. (2011). Financial Reporting Quality and Investment Efficiency of Private Firms in Emerging Markets. The Accounting Review. https://doi.org/10.2308/accr-10040

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.