The two-year research proposal will focus on inter-firm relationships in the supply chain to explore accounting issues that have not been systematically examined in previous literature. This research proposal will examine the quality of information disclosed by downstream companies and its effect on the investment efficiency of upstream suppliers. Shroff et al. (2017) analyzed the effect of peer information on the company's cost of capital and found that peer information had a significant negative effect on the company's cost of capital. This research proposal will therefore extend Shroff et al. (2017) and explore the effects of narrative disclosures by downstream companies on the cost of capital of upstream suppliers. In this research proposal, the quality of information disclosed by downstream companies includes the quality of financial information made up of accounting figures, as well as the quality of non-financial information of companies' narrative disclosures about operating prospects and risks.
|Effective start/end date||1/08/21 → 31/01/23|
UN Sustainable Development Goals
In 2015, UN member states agreed to 17 global Sustainable Development Goals (SDGs) to end poverty, protect the planet and ensure prosperity for all. This project contributes towards the following SDG(s):
- Inter-firm Relationships， Supply Chain， Narrative Disclosure， Readability， Investment Efficiency， Cost of Capital.
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