Outline

    2. abstract
    4. keywords
    6. jel Classification
    8. 1. introduction
    10. 2. literature Review and Hypotheses Development
      • 2.1. institutional Ownership and Accounting Quality
      • 2.2. legal Environment and Earnings Quality
    14. 3. data and Methodology
      • 3.1. data Sources
      • 3.2. earnings Quality Measurement
      • 3.3. regression Model
    18. 4. empirical Results and Discussions
      • 4.1. sample Characteristics
      • 4.2. multivariate Regression Results
      • 4.3. robustness Tests
      • 4.4. additional Analysis
    22. 5. conclusion
    24. acknowledgements
    26. appendix A. country Code and the Corresponding Country Full Name
    28. appendix B. variable Definitions
    30. references

رئوس مطالب

    • چکیده
    • 1. مقدمه
    • 2. پیشینه پژوهش و ارائه فرضیات
    • 2.1 مالکیت نهادی و کیفیت حسابرسی
    • 2.2 محیط قانونی و کیفیت درآمد ها
    • 3. داده ها و روش شناسی
    • 3.1 منابع داده ای
    • 3.2 سنجش کیفیت درآمد ها
    • 3.3 مدل رگرسیون
    • 4. نتایج تجربی و بحث
    • 4.1 خصوصیات نمونه
    • 4.2 نتایج رگرسیون چند متغیره
    • 4.3 آزمون های استواری
    • 4.4 تحلیل اضافی
    • 5. نتیجه گیری
    • پیوست

Abstract

The aim of this study is to examine: (i) whether strategic institutional ownership is associated with better earnings quality at the international level and (ii) whether this relationship varies with the strength of investor protection. Using firm level data from 41 different countries, we document a positive association between strategic institutional ownership and firm earnings quality. More importantly, we find that the documented association is economically more significant in countries with stronger investor protection. Our results are robust to a battery of robustness tests. We interpret our findings as evidence that the monitoring role played by institutional investors is shaped by the degree of investor protection at the country level.

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