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Article Dans Une Revue Journal of Hospitality Financial Management Année : 2020

Impact of leverage on financial information quality: International evidence from the hospitality industry

Cédric Poretti
Alain Schatt
  • Fonction : Auteur

Résumé

Earnings 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.
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Dates et versions

hal-04536821 , version 1 (08-04-2024)

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Cédric Poretti, Alain Schatt, Tiphaine Jerome. Impact of leverage on financial information quality: International evidence from the hospitality industry. Journal of Hospitality Financial Management, 2020, 28 (1), ⟨10.7275/bp3n-mw53⟩. ⟨hal-04536821⟩

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