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dc.contributor.authorPoretti, Cédric
dc.contributor.authorJérôme, Tiphaine
dc.contributor.authorDas, Prashant
dc.date.accessioned2024-04-30T09:57:26Z
dc.date.available2024-04-30T09:57:26Z
dc.date.issued2024-03-29
dc.identifier.issn1839-5260
dc.identifier.urihttp://hdl.handle.net/11718/27312
dc.description.abstractThis paper analyzes how the plural form business strategy (i.e., simultaneously pursuing a fee-oriented and an equity-based strategy) impacts financial reporting quality of international hospitality firms. Drawing on the agency theory perspective, we analyze a sample of global hospitality companies over 2010–2019 using OLS, entropy balancing, and Heckman two-stage estimations. Our results suggest that greater use of the plural form is positively associated with higher earnings management (i.e., lower financial reporting quality). The plural form induces financial reporting complexity, which increases the likelihood of earnings management. However, the presence of large shareholders, aiming at reducing earnings management practices for reputation purposes, offsets this effect. This study identifies a specific feature of the hospitality industry, namely the pursuit of the plural form business strategy, as triggering more complexity, which results in detrimental lower reporting quality for investors.en_US
dc.language.isoen_USen_US
dc.publisherElsevieren_US
dc.relation.ispartofJournal of Hospitality and Tourism Managementen_US
dc.subjectBusiness strategiesen_US
dc.subjectFinancial reporting complexityen_US
dc.subjectHospitalityen_US
dc.subjectOwnership structureen_US
dc.subjectPlural formen_US
dc.titlePlural form business strategy and financial reporting quality in hospitality firmsen_US


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