Please use this identifier to cite or link to this item: http://bura.brunel.ac.uk/handle/2438/30154
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dc.contributor.authorRahman, S-
dc.contributor.authorAghayeva, S-
dc.coverage.spatialPortsmouth, UK-
dc.date.accessioned2024-11-17T13:57:08Z-
dc.date.available2024-11-17T13:57:08Z-
dc.date.issued2024-04-09-
dc.identifierORCiD: Sheehan Rahman https://orcid.org/0000-0003-0805-7311-
dc.identifier.citationRahman, S. and Aghayeva, S. (2024) 'On the Relationship between Peer Firms’ Accounting Quality and Firm-level Capital Investment', Proceedings of the Conference of the British Accounting and Finance Association (BAFA) Corporate Finance and Asset Pricing SIG [unpublished], Portsmouth, UK, 8-10 April, pp. 1 - 50.en_US
dc.identifier.urihttps://bura.brunel.ac.uk/handle/2438/30154-
dc.descriptionData Availability: All data used in this paper have been obtained from publicly available sources identified in the paper. Data used in this study will be provided upon reasonable request.en_US
dc.descriptionDeclaration of Generating AI and AI-assisted Technologies in the Writing Process: During the preparation of this work the authors used no AI or AI-assisted technologies in the writing process.-
dc.description.abstractThis study contributes to the literature on the externalities of firms’ financial reporting practices on their peer firm’s decision-making. If managers use their peer firms’ financial disclosures to make investment decisions, it is plausible that their investments are related to peer accounting quality. Using conditional conservatism and discretionary accruals as alternative measures of accounting quality, in a sample of FTSE All-Share Index firms, we find that a firm’s investment level and investment efficiency are both positively associated with its peers’ accounting quality. As an alternative approach to examining this externality, we provide evidence that a firm’s investment level and investment efficiency are both positively associated with its industry’s accounting quality. Additional analysis reveals some differences in the alignments of investment efficiency and conservatism vis a vis accruals quality. Most notably, we find that peer (industry) conservatism is more strongly associated with the efficiency of small-sized relative to large-sized investments, while peer (industry) accruals quality is more strongly associated with the efficiency of large-sized relative to small-sized investments. We attribute this to the differences in which changes in conservatism and accruals quality influence the decision-relevance of accounting information.en_US
dc.description.sponsorshipThis research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors.en_US
dc.language.isoenen_US
dc.publisherBritish Accounting and Finance Association (BAFA)en_US
dc.sourceBritish Accounting and Finance Association (BAFA) Annual Conference 2024-
dc.sourceBritish Accounting and Finance Association (BAFA) Annual Conference 2024-
dc.subjectpeer accounting qualityen_US
dc.subjectconservatismen_US
dc.subjectaccrualsen_US
dc.subjectinvestment efficiencyen_US
dc.subjectInvestment turnoveren_US
dc.titleOn the Relationship between Peer Firms’ Accounting Quality and Firm-level Capital Investmenten_US
dc.title.alternativePeer Firms’ Accounting Quality and Firm-Level Capital Investment-
dc.typeConference Paperen_US
pubs.finish-date2024-04-10-
pubs.finish-date2024-04-10-
pubs.publication-statusUnpublished-
pubs.start-date2024-04-08-
pubs.start-date2024-04-08-
Appears in Collections:Dept of Economics and Finance Research Papers

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