The impact of climate risk on earnings quality: international evidence
| dc.contributor.author | Wang, Tingting | |
| dc.contributor.examiningcommittee | Lu, Lei (Accounting & Finance) Wang, Xikui (Statistics) | en_US |
| dc.contributor.supervisor | Wu, Zhenyu (Accounting & Finance) | en_US |
| dc.date.accessioned | 2019-05-17T13:09:25Z | |
| dc.date.available | 2019-05-17T13:09:25Z | |
| dc.date.issued | 2019-05-08 | en_US |
| dc.date.submitted | 2019-05-08T20:47:35Z | en |
| dc.degree.discipline | Management | en_US |
| dc.degree.level | Master of Science (M.Sc.) | en_US |
| dc.description.abstract | This study explores the influence of climate risk on properties of firms’ financial reporting practices using observations collected from 76 countries between 2005 and 2016. We use a country-level climate risk indicator developed by Germanwatch to measure the degree of damage from extreme weather events, and find that climate risk positively influences firms’ engagements in accruals-based and real earnings management, and negatively affects conditional and unconditional conservative reporting. Furthermore, we document that the above-mentioned main effects of climate risk is enhanced for firms operating in countries with a high quality governance. Our findings, which are supported by a battery of robustness tests, have important implication for regulators and policymakers. | en_US |
| dc.description.note | October 2019 | en_US |
| dc.identifier.uri | http://hdl.handle.net/1993/33909 | |
| dc.language.iso | eng | en_US |
| dc.rights | open access | en_US |
| dc.subject | Climate risk | en_US |
| dc.subject | Earnings management | en_US |
| dc.subject | Accounting conservatism | en_US |
| dc.title | The impact of climate risk on earnings quality: international evidence | en_US |
| dc.type | master thesis | en_US |