Impact of Leverage on Financial Information Quality
Earnings are a key firm- performance yardstick for investors. The quality of earnings has fascinated researchers and investors alike, as it may be manipulated by a firm’s management. This paper studies the relationship between earnings quality and debt levels of firms in the hospitality sector, using a sample of 642 firms from 26 countries for the 2002– 2016 period. Results of this study suggest a gen-erally positive relationship between a firm’s leverage and its earnings quality in the hospitality sector, particularly for firms incorporated in countries with stronger investor protection. As such, some inter-esting implications of the leverage-earnings quality relationship are revealed for investors, lenders, and professionals in the hospitality industry.
Références
- Titre
- Impact of Leverage on Financial Information Quality
- Type de publication
- Article de revue
- Année de publication
- 2020
- Auteurs
- Poretti, Cédric, Alain Schatt, and Tiphaine Jérôme
- Revue
- The Journal of Hospitality Financial Management
- Volume
- 28
- Ticket
- 1
- Pagination
- 30-43
Soumis le 7 mai 2020