文章基本信息

标题：Accounting Disclosure, Governance Standards and Innovation Activities in Emerging Markets
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作者：Zhenxiang Chen ; Ming Li ; Liang Song 等
期刊名称：Asian Journal of Finance & Accounting
印刷版ISSN：1946-052X
出版年度：2014
卷号：6
期号：2
页码：142-154
语种：English
出版社：Macrothink Institute
摘要：We investigate how investor protection resulted from country-level and firm-level governance standards influence the relationship between market disciplines resulted from firm-level accounting disclosure and innovation activities. Employing a sample across 14 emerging markets, evidence confirms that the effects of firm-level accounting disclosure on innovation activities are more important in a country with weaker governance standards and for firm with poor corporate governance. The results suggest that market disciplines can substitute for investor protection.