英语翻译Recent research finds that country-level institutional factors are associated with the usefulness of accrual-based accounting information.One implication of this research is that poor investor protection laws and weak law enforcement resu
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英语翻译Recent research finds that country-level institutional factors are associated with the usefulness of accrual-based accounting information.One implication of this research is that poor investor protection laws and weak law enforcement resu
英语翻译
Recent research finds that country-level institutional factors are associated with the usefulness of accrual-based accounting information.One implication of this research is that poor investor protection laws and weak law enforcement result in environments in which earnings are less likely to capture underlying economic events.While this research suggests that weak investor protection institutions limit earnings’ usefulness,it does not address how information markets respond to these limitations.We conjecture that investors are more likely to demand cash flow information in environments in which earnings are less likely to capture underlying economic events,because cash flows are useful in supplementing and interpreting the information in reported earnings and thus are likely to help attenuate the adverse effects of weak investor protection on earnings’ usefulness.We expect further that analysts respond to this demand by providing investors with additional cash flow information,because analysts are information intermediaries with incentives to meet investors’ information demands.An important way in which analysts provide investors information is through their forecasts.Therefore,the purpose of our investigation is to test the association between analysts’ propensity to forecast cash flows and the strength of investor protection institutions.
最近的研究发现,国家级体制因素与以权责发生制为基础的会计信息的实用性相关。这个研究意味着,在投资者保护法不完善和执法不力的环境法下,收益是不太可能反映出潜在经济活动的结果。虽然这一研究表明,投资者保护体系的不足限制收益实用性,它并没有说明怎样突破这些信息市场的限制。我们推测出在收益很难反映潜在的经济活动的环境下,投资者更倾向于需要现金流量表信息,因为现金流量能对收益报告补充和解释更多有用的信息,这样才有可能帮助减缓在收益实用性方面对弱投资者的不利影响。我们期待着更多的分析师作出响应,提供额外的现金流量信息,因为分析师是满足投资者的信息需求获取奖励的信息中介。分析师为投资者提供信息的一个重要方式是通过他们的预测。因此,我们调查的目的是测试分析师们现金流量预测倾向和投资者保护制度之间的关系。
英语翻译Recent research finds that country-level institutional factors are associated with the usefulness of accrual-based accounting information.One implication of this research is that poor investor protection laws and weak law enforcement resu
最近的研究发现,国家一级的体制因素是与权责发生制为基础的会计信息的有用性有关.
这个研究的意义之一是,投资者保护法差,弱的环境法中的收入,是不太可能捕捉潜在的经济事件的执法结果.虽然这一研究表明,弱的投资者保护机构限制收入'的作用,它并没有解决如何应对这些信息市场的限制.我们猜想,投资者可能会要求更多的环境中,现金收入,是不太可能的事件流捕获潜在的经济信息,因为现金流量的补充和解释在报告收益中有用的信息,这样才有可能帮助减缓的不利影响对收入,保护投资者的作用较弱.我们期待着更多的分析师作出响应,提供额外的现金流量信息与投资者的这种需求,因为分析师与奖励信息中介,以满足投资者的信息需求.
在其中的一个重要方式分析师为投资者提供的信息是通过他们的预测.因此,我们调查的目的是测试与分析的倾向预测现金流量和投资者保护制度的力量会.
个人建议:最好把原来的中文放在上面,方便校对,因为谷歌在线翻译是根据字面意思翻译的,是否如实的表达了中文的深层含义不得而知。所以,把中英文放在一起,可以看出问题出在哪里。但从这段文字看,是没有什么大问题的,就是让人读不懂,但又没有可以更改的原文依据。...
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个人建议:最好把原来的中文放在上面,方便校对,因为谷歌在线翻译是根据字面意思翻译的,是否如实的表达了中文的深层含义不得而知。所以,把中英文放在一起,可以看出问题出在哪里。但从这段文字看,是没有什么大问题的,就是让人读不懂,但又没有可以更改的原文依据。
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