第二百三十三期财务与会计学术论坛

主讲人:Wei Lu 地点:Room 501, Jiageng Bld 2
讲座时间:2017-11-10 10:00 - 11:30 发布时间:2017-11-02 09:35

时间:20171110日(周五)10:00-1130

 

地点:嘉庚二号楼501教室

 

题目:Changes in disclosure quality and analyst forecasts around mandatory disclosure of China SOX


报告人:Wei Lu,Senior Lecturer in Accounting, Monash University, Australia

 

主持人:张国华,厦门大学财务管理与会计研究院兼职教授

 

论文摘要:

 

Beginning January 1, 2012, all publicly listed companies in China are required, under the Basic Standard of Enterprise Internal Control (China SOX), to provide an internal control report (ICR). Prior to that, many companies had elected to voluntarily comply with this regulation. This paper documents the difference in companies’ disclosure of internal control weaknesses (ICWs) under both a voluntary and mandatory disclosure regime. We find evidence suggesting that the number and quality of disclosure of ICWs improve when the filings are required as compared to when the filings are made on a voluntary basis.  Evidence of this improved quality is shown by the disclosure of a greater quantity of serious and major ICWs. We attribute this improvement in quality to the enhanced information quality and environment for internal control reporting when filings are required.  

 

We also investigate the effect of ICW disclosures on the accuracy and dispersion of analyst earnings forecasts. We find that various measures of ICWs are negatively associated with the quality of analyst earnings forecasts; we also find an overall improvement in the relationship between ICW disclosure and forecast quality on the accuracy and dispersion in the mandatory regime.

 

报告人简介:

 

Lu Wei 博士现为澳大利亚莫纳什大学会计学高级讲师,在澳大利亚拉筹伯大学获得会计学博士学位和经济学硕士学位,曾在The International Journal of AccountingAbacusManagerial Auditing Journal等国际知名学术期刊发表多篇论文。