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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title Value Reporting and Firm Performance
Organization Unit
Authors
  • Florian Eugster
  • Alexander Wagner
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Journal of International Accounting, Auditing and Taxation
Publisher Elsevier
Geographical Reach international
ISSN 1061-9518
Volume 40
Page Range 100319
Date 2020
Abstract Text Proponents of the concept of "value reporting" emphasize the idea that it may be in firms’ interest to provide investors and other stakeholders with a holistic picture of their value generation activities. The basic idea is that by explaining more clearly how and why value is created in the company, especially by considering the interplay of financial and non-financial value drivers, management will enhance its own understanding of the value generation process. This, in turn, enables management to make better operating decisions in the future. Using a 10-year panel of Swiss firms, we document that firms with better value reporting quality deliver better future operating performance and obtain greater economic value added. They also exhibit higher valuation ratios. These results hold when controlling for industry-year fixed effects as well as with two instrumental variables approaches. These findings also shed light on the potential value generation benefits of "integrated reporting".
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Digital Object Identifier 10.1016/j.intaccaudtax.2020.100319
Other Identification Number merlin-id:9203
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