The supply of and demand for accounting information:the case of bank financing in Russia

Goncharov, Igor and Zimmermann, Jochen (2007) The supply of and demand for accounting information:the case of bank financing in Russia. Economics of Transition, 15 (2). pp. 257-283. ISSN 0967-0750

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Abstract

The article analyzes the use of accounting information in Russia. We assess reporting behaviour in the lending process for a sample of Russian companies in the years 1999-2004 and postulate that Russian companies manage their earnings in order to avoid showing losses when applying for bank financing. Once a credit has been granted, companies are predicted to manage earnings because of the bank's monitoring activities. By means of univariate and multivariate analysis we are able to attribute the discontinuity around a zero target in the earnings distribution with firms' response to the banks' assessment of accounting performance. This implies that financing considerations affect the reporting incentives of Russian companies.

Item Type:
Journal Article
Journal or Publication Title:
Economics of Transition
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2000/2002
Subjects:
ID Code:
70921
Deposited By:
Deposited On:
19 Sep 2014 08:28
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jan 2020 08:59