Accounting Conservatism and Corporate Governance: An Examination of the Influence on Financial Reporting Quality and Stakeholder Trust

Guanwei Liu
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Guanwei Liu: Macau University of Science and Technology

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 3, 2158-2175

Abstract: This study explores the effects of accounting conservatism and strong corporate governance in Chinese private enterprises based in Foshan City, Guangdong, China. The mixed-methods approach particularly the quantitative part of the survey found strong evidence of conservative accounting practices and high levels of corporate governance. These practices were perceived by companies to significantly affect financial reporting quality and enhance stakeholder trust. Likewise, thematic analysis of the qualitative part of the survey revealed both the complexities of implementing accounting conservatism and strong corporate governance, alongside the substantial benefits perceived by companies that embrace these practices. With these findings, the study recommends promoting awareness, best practices, resource investment, and knowledge sharing to strengthen accounting conservatism, corporate governance, and overall financial reporting integrity.

Date: 2024
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