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The supply of and demand for accounting information: the case of bank financing in Russia

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The supply of and demand for accounting information : the case of bank financing in Russia. / Goncharov, Igor; Zimmermann, Jochen.

In: Economics of Transition, Vol. 15, No. 2, 04.2007, p. 257-283.

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Goncharov, Igor ; Zimmermann, Jochen. / The supply of and demand for accounting information : the case of bank financing in Russia. In: Economics of Transition. 2007 ; Vol. 15, No. 2. pp. 257-283.

Bibtex

@article{d08c8f17c43742818c9eff13543aef2d,
title = "The supply of and demand for accounting information: the case of bank financing in Russia",
abstract = "The article analyzes the use of accounting information in Russia. We assess reporting behaviour in the lending process for a sample of Russian companies in the years 1999-2004 and postulate that Russian companies manage their earnings in order to avoid showing losses when applying for bank financing. Once a credit has been granted, companies are predicted to manage earnings because of the bank's monitoring activities. By means of univariate and multivariate analysis we are able to attribute the discontinuity around a zero target in the earnings distribution with firms' response to the banks' assessment of accounting performance. This implies that financing considerations affect the reporting incentives of Russian companies.",
keywords = "earnings management, reporting incentives, bank financing, transition economies, EARNINGS MANAGEMENT, QUALITY, MODELS, FIRMS",
author = "Igor Goncharov and Jochen Zimmermann",
year = "2007",
month = apr,
doi = "10.1111/j.1468-0351.2007.00289.x",
language = "English",
volume = "15",
pages = "257--283",
journal = "Economics of Transition",
issn = "0967-0750",
publisher = "Wiley-Blackwell",
number = "2",

}

RIS

TY - JOUR

T1 - The supply of and demand for accounting information

T2 - the case of bank financing in Russia

AU - Goncharov, Igor

AU - Zimmermann, Jochen

PY - 2007/4

Y1 - 2007/4

N2 - The article analyzes the use of accounting information in Russia. We assess reporting behaviour in the lending process for a sample of Russian companies in the years 1999-2004 and postulate that Russian companies manage their earnings in order to avoid showing losses when applying for bank financing. Once a credit has been granted, companies are predicted to manage earnings because of the bank's monitoring activities. By means of univariate and multivariate analysis we are able to attribute the discontinuity around a zero target in the earnings distribution with firms' response to the banks' assessment of accounting performance. This implies that financing considerations affect the reporting incentives of Russian companies.

AB - The article analyzes the use of accounting information in Russia. We assess reporting behaviour in the lending process for a sample of Russian companies in the years 1999-2004 and postulate that Russian companies manage their earnings in order to avoid showing losses when applying for bank financing. Once a credit has been granted, companies are predicted to manage earnings because of the bank's monitoring activities. By means of univariate and multivariate analysis we are able to attribute the discontinuity around a zero target in the earnings distribution with firms' response to the banks' assessment of accounting performance. This implies that financing considerations affect the reporting incentives of Russian companies.

KW - earnings management

KW - reporting incentives

KW - bank financing

KW - transition economies

KW - EARNINGS MANAGEMENT

KW - QUALITY

KW - MODELS

KW - FIRMS

U2 - 10.1111/j.1468-0351.2007.00289.x

DO - 10.1111/j.1468-0351.2007.00289.x

M3 - Journal article

VL - 15

SP - 257

EP - 283

JO - Economics of Transition

JF - Economics of Transition

SN - 0967-0750

IS - 2

ER -