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Impact of Leverage on Financial Information Quality: International Evidence from the Hospitality Industry

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dc.contributor.authorPoretti, Cédric
dc.contributor.authorSchatt, Alain
dc.contributor.authorJérôme, Tiphaine
dc.contributor.departmentEcole hoteliere de Lausanne, HES-SO, University of Applied Sciences Western Switzerland
dc.contributor.departmentHEC Lausanne
dc.contributor.departmentUniversité Grenoble Alpes
dc.date2023-09-24T02:53:04.000
dc.date.accessioned2024-04-26T17:48:36Z
dc.date.available2020-04-29T00:00:00Z
dc.date.issued2020-01-01
dc.description.abstractEarnings are a key firm-performance yardstick for investors. The quality of earnings has fascinated researchers and investors alike, as it may be manipulated by a firm's management. This paper studies the relationship between earnings quality and debt levels of firms in the hospitality sector, using a sample of 642 firms from 26 countries for the 2002-2016 period. Results of this study suggests a generally positive relationship between a firm's leverage and its earnings quality in the hospitality sector, particularly for firms incorporated in countries with stronger investor protection. As such, some interesting implications of the leverage-earnings quality relationship are revealed for investors, lenders, and professionals in the hospitality industry.
dc.identifier.doihttps://doi.org/10.7275/bp3n-mw53
dc.identifier.urihttps://hdl.handle.net/20.500.14394/31050
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1464&context=jhfm&unstamped=1
dc.source.statuspublished
dc.subjectearnings quality
dc.subjectfinancial leverage
dc.subjecthospitality industry
dc.subjectinternational study
dc.subjectCorporate Finance
dc.subjectFinance and Financial Management
dc.subjectFood and Beverage Management
dc.subjectGaming and Casino Operations Management
dc.subjectHospitality Administration and Management
dc.subjectReal Estate
dc.subjectTourism and Travel
dc.titleImpact of Leverage on Financial Information Quality: International Evidence from the Hospitality Industry
dc.typerefereed
dc.typearticle
digcom.contributor.authorPoretti, Cédric
digcom.contributor.authorSchatt, Alain
digcom.contributor.authorJérôme, Tiphaine
digcom.date.embargo2020-04-29T00:00:00-07:00
digcom.identifierjhfm/vol28/iss1/4
digcom.identifier.contextkey17566058
digcom.identifier.submissionpathjhfm/vol28/iss1/4
dspace.entity.typePublication
relation.isJournalIssueOfPublication9a8d7695-39a0-4e0e-9dd5-b9645f243913
relation.isJournalIssueOfPublication.latestForDiscovery9a8d7695-39a0-4e0e-9dd5-b9645f243913
relation.isJournalOfPublication6155825c-4ad2-4120-88a6-007286cea199
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