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Business strategies and financial reporting complexity in hospitality firms
International Journal of Hospitality Management ( IF 11.7 ) Pub Date : 2023-02-03 , DOI: 10.1016/j.ijhm.2023.103429
Cédric Poretti, Tiphaine Jérôme, Cindy Yoonjoung Heo

This study investigates the impact of the asset-light and fee-oriented (ALFO) strategy on the auditors’ assessment of financial reporting complexity. To do so, we adopt an integrated mixed method design. First, from semi-structured interviews with audit experts active in the hospitality industry, we identify the proposition that the ALFO strategy induces incremental financial reporting complexity leading external auditors to set higher audit fees. Then, the association between the extent of asset-lightness and audit fees is empirically tested on a sample of global hospitality companies over the 2010–2019 period. The results confirm an inverted U-shaped association. Study findings are of interest to hospitality firms’ investors, board members, and executives as they provide fresh insight into an under-investigated consequence of the ALFO strategy and reveal the conditions preserving accounting information quality in an increasingly complex environment.



中文翻译:

酒店公司的业务战略和财务报告的复杂性

本研究调查了轻资产和费用导向 (ALFO) 策略对审计师评估财务报告复杂性的影响。为此,我们采用了集成混合方法设计。首先,通过对活跃于酒店业的审计专家进行半结构化访谈,我们确定了 ALFO 策略会导致财务报告复杂性增加,从而导致外部审计师设定更高的审计费用。然后,在 2010-2019 年期间,对全球酒店公司样本进行了实证检验,以检验资产轻量化程度与审计费用之间的关联。结果证实了倒 U 型关联。研究结果对酒店公司的投资者、董事会成员、

更新日期:2023-02-03
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