Value relevance and codes of ethics: an empirical analysis of Italian listed companies

2017 ◽  
Vol 12 (1) ◽  
pp. 1
Author(s):  
Carlo Caserio ◽  
Francesco Napoli
Keyword(s):  
Empirical Analysis ◽  
Value Relevance ◽  
Codes Of Ethics ◽  
Listed Companies

scholarly journals The development of earnings quality in Germany and its implication for further research. A quantitative empirical analysis of German listed companies between 1997 and 2006

2009 ◽  
Vol 7 (1) ◽  
pp. 434-455 ◽  
Author(s):  
Paul Pronobis ◽  
Bernhard Schwetzler ◽  
Marco O. Sperling ◽  
Henning Zuelch
Keyword(s):  
Empirical Analysis ◽  
Fixed Effects ◽  
Value Relevance ◽  
Earnings Quality ◽  
Listed Companies ◽  
Over Time

This paper investigates the development of earnings quality for a sample of 5,817 firm years during the period between 1997 and 2006 using seven different measures (accounting- and market-based). As a result, overall earnings quality of German firms improves over time. However, the measures of timeliness and value relevance indicate a decreasing earnings quality. These findings are tested by taking firm-specific accounting style into consideration using firm fixed effects.

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