The effect of institutional setting on attributional content in management commentary reports

Preprint, Report English OPEN
AERTS, Walter; TARCA, Ann;
(2008)
  • Subject: Management Discussion and Analysis (MD&A), Operating and Financial Review (OFR), Cross-country effects, Enforcement, Analyst forecast dispersion

Abstract: We study the effect of expected regulatory and litigation costs embedded in a countrys institutional environment on the explanatory content of management commentary reports. Using a behavioural accountability lens, we argue that regulatory control and expected... View more
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