Corporate governance and the quality of financial analysts' information

Donal Byard, Ying Li, Joseph Weintrop

Research output: Contribution to journalArticle

110 Scopus citations

Abstract

We examine the association between corporate governance and the quality of information available to financial analysts. Our results indicate that the quality of financial analysts' information about upcoming earnings increases with the quality of corporate governance. Recent research indicates that the quality of firm-provided mandatory and voluntary disclosures increases in the quality of specific corporate governance mechanisms. Our results add to this stream of research by showing that better quality corporate governance is associated with a key benefit to the end users of firm-provided financial disclosures: an increase in the overall quality of information possessed by financial analysts, one of the key users of firm-provided financial disclosures.

Original languageEnglish (US)
Pages (from-to)609-625
Number of pages17
JournalJournal of Accounting and Public Policy
Volume25
Issue number5
DOIs
StatePublished - Sep 1 2006
Externally publishedYes

ASJC Scopus subject areas

  • Accounting
  • Sociology and Political Science

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