The financial reporting environment: Review of the recent literature

Anne Beyer; Daniel A. Cohen; Thomas Lys; Beverly Walther

doi:10.1016/j.jacceco.2010.10.003

The financial reporting environment: Review of the recent literature

Anne Beyer, Daniel A. Cohen, Thomas Lys^*, Beverly Walther

^*Corresponding author for this work

Accounting Information and Management

Research output: Contribution to journal › Article

622 Scopus citations

Abstract

The corporate information environment develops endogenously as a consequence of information asymmetries and agency problems between investors, entrepreneurs, and managers. We review current research on the three main decisions that shape the corporate information environment in capital market settings: (1) managers' voluntary disclosure decisions, (2) disclosures mandated by regulators, and (3) reporting decisions by analysts. We conclude that, in the last ten years, research has generated several useful insights. Despite this progress, we call for researchers to consider interdependencies between the various decisions that shape the corporate information environment and suggest new and interesting issues for researchers to address.

Original language	English (US)
Pages (from-to)	296-343
Number of pages	48
Journal	Journal of Accounting and Economics
Volume	50
Issue number	2-3
DOIs	https://doi.org/10.1016/j.jacceco.2010.10.003
State	Published - Dec 1 2010

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Keywords

Analysts
Information environment
Mandatory disclosures
Regulation
Voluntary disclosures

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

Cite this

Beyer, A., Cohen, D. A., Lys, T., & Walther, B. (2010). The financial reporting environment: Review of the recent literature. Journal of Accounting and Economics, 50(2-3), 296-343. https://doi.org/10.1016/j.jacceco.2010.10.003

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10.1016/j.jacceco.2010.10.003