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THE DEVELOPMENT OF EARNINGS QUALITY IN GERMANY AND ITS IMPLICATION FOR FURTHER RESEARCH. A QUANTITATIVE EMPIRICAL ANALYSIS OF GERMAN LISTED COMPANIES BETWEEN 1997 AND 2006
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Paul Pronobis 
, Bernhard Schwetzler , Marco O. Sperling, Henning Zülch
Abstract
This paper investigates the development of earnings quality for a sample of 5,817 firm years during the period between 1997 and 2006 using seven different measures (accounting- and market-based). As a result, overall earnings quality of German firms improves over time. However, the measures of timeliness and value relevance indicate a decreasing earnings quality. These findings are tested by taking firm-specific accounting style into consideration using firm fixed effects.
Keywords: Earnings Quality, Persistence, Predictability, Volatility, Accruals Quality, Earnings Management, Timeliness, Prudence, Value Relevance
How to cite this paper: Pronobis, P., Schwetzler, B., Sperling, M., Zuelch, H. (2009). The development of earnings quality in Germany and its implication for further research. A quantitative empirical analysis of German listed companies between 1997 and 2006. Corporate Ownership & Control, 7(1-4), 434-455. https://doi.org/10.22495/cocv7i1c4p2
