EARNINGS QUALITY VERSUS ACCOUNTING REGULATION. EMPIRICAL ASSESMENT ON ACCURACY OF MACROECONOMIC ESTIMATES

Valentin Burca

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2020, vol. 14, issue 1, 72-87

Abstract: On the light of recent economic crisis and increasing uncertainty on macroeconomic systems, public policies have to be properly defined, implemented and continuously monitored. Economic growth estimates are essential on budgetary projection, as the basis for financing all public policies. Our study consists of an empirical assessment of the impact of earnings quality on the accuracy of economic growth estimates. In order to asses isolated direct and indirect effects of earnings quality and quality of accounting regulation, we proceed to a path analysis. The main results reveal that quality of the accounting regulation is not sufficient to ensure a significant increase on earnings quality. However, perceived high quality of accounting regulation imply a positive marginal impact on the accuracy of economic growth estimates. In spite of those results, seem earnings quality determine a marginal decrease in the accuracy of economic growth.

Keywords: economic growth; earnings quality; path analysis; SARS (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:14:y:2020:i:1:p:72-87

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