The effect of institutional setting on attributional content in management commentary reports
AERTS, Walter; TARCA, Ann;
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
Baginski, S., Hassell, J., and Kimbrough, M. (2002). The effect of legal environment on preemptive disclosure: Evidence from management earnings forecasts issued in U.S. and Canadian markets. The Accounting Review 77 25-50.
Ball, R., Kothari, S. and Robin, A. (2000). The effect of international institutional factors on properties . Journal of Accounting and Economics 29, 1-51.