Does the Presence of Foreign Investors Affect Financial Reporting Quality in Philippine Publicly Listed Firms?

Added Title

DLSU-AKI POLICY BRIEF, 2023-12-018

Authors

Natasha Amber Y. Cabiltes, De La Salle University, ManilaFollow
Megan Justine Siao Beltran, De La Salle University, ManilaFollow
John Miguel Roger Dela Cruz Benito, De La Salle University, ManilaFollow
Gianna Zenovia Domingo Agaton, De La Salle University, ManilaFollow
Mariel Monica R. Sauler, De La Salle University, ManilaFollow
Angelo A. Unite, De La Salle University, ManilaFollow

College

School of Economics

Document Type

Policy Brief

Publication Date

12-2023

Place of Publication

DLSU-Angelo King Institute, Room 223, LS building, 2401 Taft Avenue, Manila 0922

Abstract

Reinstate accounting conservatism in the Conceptual Framework – Our findings should be of interest to accounting standard setters, given the ongoing debate on the necessity for accounting conservatism as a characteristic for useful financial statements after its initial removal from the conceptual framework in 2010. While there are arguments that conservatism violates the neutrality of financial reports, further discussions show that conservatism can give a more faithful representation of firm performance (Cooper, 2015; International Accounting Standards Board, 2018).

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Recommended Citation

Cabiltes, N. Y., Beltran, M. S., Benito, J. D., Agaton, G. D., Sauler, M. R., & Unite, A. A. (2023). Does the Presence of Foreign Investors Affect Financial Reporting Quality in Philippine Publicly Listed Firms?. Retrieved from https://animorepository.dlsu.edu.ph/res_aki/182

Disciplines

Finance and Financial Management | Portfolio and Security Analysis

Keywords

Philippines; PSE; Investments; Conservatism

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