Tác giả CN
| Fuhrmann, Stephan |
Nhan đề
| The contents of assurance statements for sustainability reports and information asymmetry/Stephan Fuhrmann, Christian Ott, Elisabeth Looks, Thomas W. Guenther |
Thông tin xuất bản
| 2017. |
Mô tả vật lý
| p. 370 - 400. |
Tóm tắt
| This paper investigates how the assurance of sustainability reports enhances the credibility of such reports in the eyes of the investors and, thus, results in lower information asymmetries, as measured by bid-ask spreads. We measure the assurance of sustainability reports based on a content analysis of the assurance statements in which the assurance providers describe the design of the assurance process. For a matched sample of 442 STOXX 600 Europe companies with and without assured sustainability reports, our results indicate that a high-quality design of the assurance process reduces the level of information asymmetry. While an assurance process substantiating a high assurance level decreases information asymmetries, an assurance process that ensures only a moderate assurance level is insufficient. If an assurance provider performs tests of details of numerical data, this further reduces information asymmetries. For countries without regulations on sustainability reporting, we provide evidence that analytical tests of aggregated indicators, the description of the assurance provider’s competencies and the description of the sustainability assurance-specific work steps also contribute to a reduction of information asymmetries. |
Thuật ngữ không kiểm soát
| AA1000AS |
Thuật ngữ không kiểm soát
| GRI |
Thuật ngữ không kiểm soát
| Information Asymmetry |
Thuật ngữ không kiểm soát
| Isae 3000 |
Thuật ngữ không kiểm soát
| Sustainability Reporting |
Thuật ngữ không kiểm soát
| Voluntary Assurance |
Tác giả(bs) CN
| Fuhrmann, Stephan |
Tác giả(bs) CN
| Guenther, Thomas W |
Tác giả(bs) CN
| Looks, Elisabeth |
Tác giả(bs) CN
| Ott, Christian |
Nguồn trích
| Accounting and Business Research- vol.47, no. 4/2017 |
|
000
| 00000nab a2200000 a 4500 |
---|
001 | 50693 |
---|
002 | 2 |
---|
004 | 61476 |
---|
005 | 202007101532 |
---|
008 | 171011s2017 enk a 000 0 eng d |
---|
009 | 1 0 |
---|
039 | |a20200710153257|bhuongnt|y20171011102945|zsvtt |
---|
041 | 0 |aeng |
---|
044 | |aenk |
---|
100 | 1 |aFuhrmann, Stephan |
---|
245 | |aThe contents of assurance statements for sustainability reports and information asymmetry/|cStephan Fuhrmann, Christian Ott, Elisabeth Looks, Thomas W. Guenther |
---|
260 | |c2017. |
---|
300 | |ap. 370 - 400. |
---|
520 | |aThis paper investigates how the assurance of sustainability reports enhances the credibility of such reports in the eyes of the investors and, thus, results in lower information asymmetries, as measured by bid-ask spreads. We measure the assurance of sustainability reports based on a content analysis of the assurance statements in which the assurance providers describe the design of the assurance process. For a matched sample of 442 STOXX 600 Europe companies with and without assured sustainability reports, our results indicate that a high-quality design of the assurance process reduces the level of information asymmetry. While an assurance process substantiating a high assurance level decreases information asymmetries, an assurance process that ensures only a moderate assurance level is insufficient. If an assurance provider performs tests of details of numerical data, this further reduces information asymmetries. For countries without regulations on sustainability reporting, we provide evidence that analytical tests of aggregated indicators, the description of the assurance provider’s competencies and the description of the sustainability assurance-specific work steps also contribute to a reduction of information asymmetries. |
---|
653 | 0 |aAA1000AS |
---|
653 | 0 |aGRI |
---|
653 | 0 |aInformation Asymmetry |
---|
653 | 0 |aIsae 3000 |
---|
653 | 0 |aSustainability Reporting |
---|
653 | 0 |aVoluntary Assurance |
---|
700 | 1 |aFuhrmann, Stephan |
---|
700 | 1 |aGuenther, Thomas W |
---|
700 | 1 |aLooks, Elisabeth |
---|
700 | 1 |aOtt, Christian |
---|
773 | |tAccounting and Business Research|gvol.47, no. 4/2017 |
---|
890 | |a0|b0|c0|d0 |
---|
| |
Không có liên kết tài liệu số nào
|
|
|
|