复数
款待
声誉
酒店业
业务
盈余质量
财务比率
财务
会计
股东
营销
质量(理念)
盈余管理
衡平法
收益
旅游
增加物
公司治理
语言学
认识论
哲学
社会学
法学
社会科学
政治学
作者
Cédric Poretti,Tiphaine Jérôme,Prashant Das
标识
DOI:10.1016/j.jhtm.2024.03.008
摘要
This paper analyzes how the plural form business strategy (i.e., simultaneously pursuing a fee-oriented and an equity-based strategy) impacts financial reporting quality of international hospitality firms. Drawing on the agency theory perspective, we analyze a sample of global hospitality companies over 2010–2019 using OLS, entropy balancing, and Heckman two-stage estimations. Our results suggest that greater use of the plural form is positively associated with higher earnings management (i.e., lower financial reporting quality). The plural form induces financial reporting complexity, which increases the likelihood of earnings management. However, the presence of large shareholders, aiming at reducing earnings management practices for reputation purposes, offsets this effect. This study identifies a specific feature of the hospitality industry, namely the pursuit of the plural form business strategy, as triggering more complexity, which results in detrimental lower reporting quality for investors.
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