This study constructs six accounting and auditing indicators to develop a comprehensive index to measure financial reporting quality of 38 main capital markets in the world from 2000 to 2007. In order to test the validity of the methodology, we use the index to tests national institutional...

Previous studies on the effect of International Financial Reporting Standards (IFRS) on accounting quality often have difficulties to control for confounding factors on accounting quality. As a result, the observed changes in accounting quality could not be attributed mainly to IFRS. We use a...

Purpose: The purpose of this study is to investigate whether a country’s ownership concentration affects the financial reporting quality in a cross-country setting. Design/methodology/approach: This paper uses six accounting and auditing indicators to construct a comprehensive index to...