دوره اجرایی و خوانایی گزارش های مالی
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دوره اجرایی و خوانایی گزارش های مالی

عنوان فارسی مقاله: دوره اجرایی و خوانایی گزارش های مالی
عنوان انگلیسی مقاله: Executive age and the readability of financial reports
مجله/کنفرانس: پیشرفت در حسابداری - Advances in Accounting
رشته های تحصیلی مرتبط: حسابداری، مدیریت
گرایش های تحصیلی مرتبط: حسابداری مالی، حسابداری مدیریت، مدیریت اجرایی، مدیریت مالی
کلمات کلیدی فارسی: خوانایی گزارش مالی، سن مدیرعامل، دوره اجرایی، شاخص فاگ
کلمات کلیدی انگلیسی: Financial report readability، CEO age، Executive age، FOG index
نوع نگارش مقاله: مقاله پژوهشی (Research Article)
نمایه: Scopus
شناسه دیجیتال (DOI): https://doi.org/10.1016/j.adiac.2018.09.004
دانشگاه: School of Business, University of Houston - Victoria, Victoria, TX, 77901, United States
ناشر: الزویر - Elsevier
نوع ارائه مقاله: ژورنال
نوع مقاله: ISI
سال انتشار مقاله: 2018
ایمپکت فاکتور: 0/958 در سال 2018
شاخص H_index: 24 در سال 2019
شاخص SJR: 0.308 در سال 2018
شناسه ISSN: 0882-6110
شاخص Quartile (چارک): Q3 در سال 2018
فرمت مقاله انگلیسی: PDF
تعداد صفحات مقاله انگلیسی: 12
وضعیت ترجمه: ترجمه نشده است
قیمت مقاله انگلیسی: رایگان
آیا این مقاله بیس است: بله
کد محصول: E11283
فهرست انگلیسی مطالب

Abstract


1- Introduction


2- Literature review and hypothesis development


3- Data and research methodology


4- Results


5- Conclusion and discussion


References

نمونه متن انگلیسی مقاله

Abstract


Concerns have been raised by regulators and investors about the increasingly complex financial reports that are becoming incomprehensible to ordinary investors. The readability literature attributes unreadable financial reports to the reporting firms' operational complexity and/or the desire to obfuscate poor performance. At the same time, upper echelons theory from the management literature posits that top managers' characteristics will impact the way the firm is managed, while business and social science research posits that individuals become more capable and ethical as they grow older. We expect older CEOs and executives to be more capable of explaining operating complexities and staying ethical in reporting, thus leading to more readable financial reports. Our results support this view.


Introduction


Financial reports are expected to convey information to outsiders who are not privy to inside information of the firm. Therefore, clarity of financial reports becomes important in order to ensure that the general investing public is able to understand the information in such reports and thus use them to make informed decisions about the firm. In fact, ‘understandability’ is one of the qualitative characteristics of financial reports highlighted in FASB's conceptual framework for financial reporting (FASB, 2010). The readability of annual reports is an issue of concern for regulators and investors. Christopher Cox, the then chair of the SEC states that investors are turning away from reading annual reports due to increasing verbosity and jargon. More worryingly, he states that increased verbosity may be used to hide fraud (SEC, 2007). These sentiments are echoed by Warren Buffet as well (SEC, 2007). Confirming these concerns, research has shown that poor readability scores are associated with fraud (Blanco & Dhole, 2017), poor performance (Li, 2008), and earnings management (Lo, Ramos, & Rogo, 2017). Therefore, factors that improve the readability of financial reports would be of interest to regulators and investors. The upper echelons theory posits that the top management team (hereinafter the TMT) significantly impacts the strategy, direction, and operations of the firm (Hambrick & Mason, 1984). Wiersema and Bantel (1992) argue that TMT characteristics and demographics can predict the functioning of the TMT. This paper investigates the impact of executive age on the readability of annual financial reports. Humans mature as they grow older. This maturity will impact the business acumen, communication skills, and the ethical sensitivities of people. Research has shown that as people grow older and become more experienced, their decision-making skills improve (Huang, Rose-Green, & Lee, 2012; Li, Mayhew, & Kourtzi, 2009; Liden, Stilwell, & Ferris, 1996). Furthermore, older executives have better communication skills due to experience. Older individuals write better because they are more likely to activate both hemispheres of the brain in writing (Gray-Grant, 2013). Finally, research also shows older people exhibit greater ethical sensitivities compared to younger people (Borkowski & Ugras, 1998; Mudrack, 1989; Peterson, Rhoads, & Vaught, 2001; Sundaram & Yermack, 2007; Wimalasiri, 2001). These arguments have been used by Huang et al. (2012) to show that a firm's earnings quality improves with CEO age

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