This paper investigates whether accounting comparability affects corporate employment decision-making. We find that firms with greater accounting comparability experience a lower degree of inefficiency in labour investments. Further, our results show that accounting comparability affects labour investments via improved external monitoring and internal governance mechanisms. Additional analyses indicate that our findings are not driven by non-labour investments and are robust to alternative explanations and endogeneity concerns. Collectively, the results are consistent with the view that comparability is an effective monitoring tool, which mitigates agency conflict and thereby reduces opportunistic employment decision-making.

本文研究会计可比性是否会影响公司的就业决策。我们发现，具有较高会计可比性的公司在劳动力投资方面的效率低下。此外，我们的结果表明，会计可比性通过改进的外部监控和内部治理机制影响劳动力投资。进一步的分析表明，我们的发现不是由非劳动投资驱动的，并且对于替代性解释和内生性关注是可靠的。总的来说，结果与可比性是一种有效的监测工具的观点是一致的，可比性减轻了代理冲突，从而减少了机会主义的就业决策。