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Linguistic Information Quality in Customers' Forward-Looking Disclosures and Suppliers’ Investment Decisions
CAN CHEN1; JEONG-BON KIM2; MINGHAI WEI3; HAO ZHANG1
2019
Source PublicationContemporary Accounting Research
ISSN0823-9150
Volume36Issue:3Pages:1751-1783
Abstract

This study examines whether and how linguistic information quality (measured by readability) of customer firms’ management earnings forecast reports (MEFRs) affects supplier firms’ investment quality (measured by investment efficiency). Our analyses reveal that supplier investment efficiency is positively associated with the average linguistic information quality of customers’ prior MEFRs, and the positive association between supplier investment efficiency and customer MEFRs’ numerical information quality is stronger in supplier firms with more readable customer MEFRs. Our analyses also reveal that higher linguistic information quality of customer MEFRs improves the monitoring of supplier firms by their outside stakeholders, such as institutional investors and financial analysts, and ameliorates the negative impact of suppliers’ customer-dependence on their investment efficiency. Our results suggest that greater linguistic information quality of a customer firm’s forward-looking disclosures is associated with higher-quality investments made by its suppliers along the supply chain.

DOIhttps://doi.org/10.1111/1911-3846.12471
URLView the original
Indexed BySSCI
Language英语
WOS Research AreaBusiness & Economics
WOS SubjectBusiness, Finance
WOS IDWOS:000485995700016
PublisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ USA
Fulltext Access
Citation statistics
Document TypeJournal article
CollectionDEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Corresponding AuthorHAO ZHANG
Affiliation1.University of Macau
2.Sun Yat-Sen University
3.City University of Hong Kong
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
CAN CHEN,JEONG-BON KIM,MINGHAI WEI,et al. Linguistic Information Quality in Customers' Forward-Looking Disclosures and Suppliers’ Investment Decisions[J]. Contemporary Accounting Research,2019,36(3):1751-1783.
APA CAN CHEN,JEONG-BON KIM,MINGHAI WEI,&HAO ZHANG.(2019).Linguistic Information Quality in Customers' Forward-Looking Disclosures and Suppliers’ Investment Decisions.Contemporary Accounting Research,36(3),1751-1783.
MLA CAN CHEN,et al."Linguistic Information Quality in Customers' Forward-Looking Disclosures and Suppliers’ Investment Decisions".Contemporary Accounting Research 36.3(2019):1751-1783.
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