会计系学术讲座系列2021年第4讲

主 题：Inter-firm Collaborations and Financial Statement Comparability – Evidence from Supply Chains

主讲人: 佘国满 （香港大学商学院会计系助理教授）

协调人: 汝毅

时 间：2021-04-07 10:00

地 点：Zoom会议室

语 言：中英文

讲座地点：Zoom会议室

https://zoom.com.cn/j/67288433359?pwd=Q05IL3B3RmRjM1hVWHpoYkdseC9Gdz09

会议ID：672 8843 3359

密码：013042

讲座摘要:

We study whether and how inter-firm collaboration affects the comparability of financial statements between firms. We posit that inter-firm collaboration gives rise to the demand for comparability, which lowers the acquisition costs of financial information from the partners and thus improves operation efficiency and partner monitoring. Consistent with this prediction, we find that financial statement comparability is higher between supplier and customer with prolonged relationship. Results are robust using an instrumental variable of the length of relationship to tackle endogeneity issues. The effect is stronger when there are greater collaboration needs and when contracts use financial information more intensively. We also find a greater improvement of comparability at the early stage of relationships and when partners actively modify their accounting systems. Finally, consistent with the benefit of comparability in collaboration, firms forecast their future performance more accurately and have higher productivities when their financial statements are more comparable to trade partners. Together, these findings point to the market forces behind the convergence of financial reporting practices across firms.

主讲人简介:

Dr. Guoman SHE is an Assistant Professor of Accounting at HKU Business School. He obtained his PhD from The Hong Kong University of Science and Technology. His research interests are in the area of empirical financial accounting with a focus on corporate disclosure. His research has been published in the Journal of Accounting Research and the Journal of Economic Behavior & Organization, and received the Best Paper Awards of Asian Finance Association Annual Meeting 2018.