IDEAS home Printed from https://ideas.repec.org/a/rnd/arimbr/v17y2025i2p1-13.html
   My bibliography  Save this article

Contemporary Review of Financial Reporting Quality Studies in Emerging Countries

Author

Listed:
  • Pan Xi
  • Suhaily Hasnan
  • Intan Waheedah Othman

Abstract

This study reviews research on the quality of financial reports. It highlights the influencing factors of financial reporting quality, provides more information for measuring and improving financial reporting quality, and offers suggestions for future research. By the method proposed by Tranfield et al. (2003), this paper conducted a literature review on the quality of financial reports and their related terms, influencing factors and measurement methods. When conducting the literature search, Scopus and Google Scholar search engines were used to screen top-ranked journals, such as Science Direct and Emerald, to find high-quality papers. The selected online publishing materials cover the period from 2020 to 2023. This review found that previous research discussed the quality of financial reporting using different metrics and various theories. In addition, this study also revealed the factors that influence the improvement of financial reporting quality in emerging countries. This article contends that due to the lack of empirical research on the quality of financial reports from the perspective of other stakeholders, future research needs to focus on the impact of corporate stakeholders on financial report quality, especially in emerging countries.

Suggested Citation

  • Pan Xi & Suhaily Hasnan & Intan Waheedah Othman, 2025. "Contemporary Review of Financial Reporting Quality Studies in Emerging Countries," Information Management and Business Review, AMH International, vol. 17(2), pages 1-13.
    • Handle: RePEc:rnd:arimbr:v:17:y:2025:i:2:p:1-13
    DOI: 10.22610/imbr.v17i2(J).4531
    as

    Download full text from publisher

    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/4531/2961
    Download Restriction: no
    File URL: https://ojs.amhinternational.com/index.php/imbr/article/view/4531
    Download Restriction: no
    File URL: https://libkey.io/10.22610/imbr.v17i2(J).4531?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lu, Hai & Shin, Jee-Eun & Zhang, Mingyue, 2023. "Financial reporting and disclosure practices in China," Journal of Accounting and Economics, Elsevier, vol. 76(1).
    2. Mehdi Safari Gerayli & Yasser Rezaei Pitenoei & Ahmad Abdollahi, 2021. "Do audit committee characteristics improve financial reporting quality in emerging markets? Evidence from Iran," Asian Review of Accounting, Emerald Group Publishing Limited, vol. 29(2), pages 251-267, March.
    3. Maria Kontesa & Andreas Lako & Wendy Wendy, 2020. "Board capital and earnings quality with different controlling shareholders," Accounting Research Journal, Emerald Group Publishing Limited, vol. 33(4/5), pages 593-613, August.
    4. Safia Abdo Ali Al-Begali & Lian Kee Phua, 2023. "Accruals, real earnings management, and CEO demographic attributes in emerging markets: Does concentration of family ownership count?," Cogent Business & Management, Taylor & Francis Journals, vol. 10(2), pages 2239979-223, December.
    5. Mohammad Alhadab & Modar Abdullatif & Israa Mansour, 2020. "Related party transactions and earnings management in Jordan: the role of ownership structure," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 18(3), pages 505-531, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Abdulaziz Alsultan & Khaled Hussainey, 2024. "The Moderating Effect of Ownership Structure on the Relationship between Related Party Transactions and Earnings Quality: Evidence from Saudi Arabia," IJFS, MDPI, vol. 12(3), pages 1-25, June.
    2. Xiaonan Sun & Javier Cifuentes‐Faura & Yao Xiao & Xiaoqian Liu, 2024. "A good name is rather to be chosen: The impact of CEO reputation incentives on corporate green innovation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 2413-2431, March.
    3. Liu, Xiangqiang & Yang, Qingqing & Wei, Kai & Dai, Peng-Fei, 2024. "ESG rating disagreement and idiosyncratic return volatility: Evidence from China," Research in International Business and Finance, Elsevier, vol. 70(PB).
    4. Moses Elaigwu & Salau Olarinoye Abdulmalik & Abdelkader Alghorbany & Ayoib Che‐Ahmad, 2024. "Sustainability reporting quality in Malaysia: The intricacy of family controlled and politically connected firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4190-4210, September.
    5. Adewumi Ayodeji Davidson & Fakunle Isaiah Omotayo & Bamidele Matthew Mayor & Akomolehin Israel Akinwale, 2024. "Impact of Auditor’s Independence on Earnings Management of Listed Deposit Money Banks in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(1), pages 1658-1670, January.
    6. Zhu, Jialei & Xiong, Zhengde & Lu, Xinxin & Yao, Zhu, 2025. "Does ESG rating disagreement impede corporate green innovation?," Global Finance Journal, Elsevier, vol. 64(C).
    7. Monteiro, Albertina Paula & Vale, Joana & Leite, Eduardo & Lis, Marcin, 2024. "Linking quality of accounting information system and financial reporting to non-financial performance: The role women managers," International Journal of Accounting Information Systems, Elsevier, vol. 54(C).
    8. Alhadab, Mohammad & El Diri, Malek, 2024. "Related party transactions and earnings management under the UK different regulatory environments of the main and alternative investment markets," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 56(C).
    9. Xiaoqiao Wang & Jing Xie & Bohui Zhang & Xiaofeng Zhao, 2024. "Unraveling the Dividend Puzzle: A Field Experiment," Working Papers 202406, University of Macau, Faculty of Business Administration.
    10. Susan Jepkorir Mursoi & Willy Muturi & James Ndegwa, 2021. "Related party transactions and financial distress of Savings and Credit Cooperative Organizations (SACCOs) in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(1), pages 131-138, January.
    11. Bourveau, Thomas & Gao, Xingchao & Li, Rongchen & Zhou, Frank S., 2025. "Comply-or-explain regulation and investor protection," Journal of Accounting and Economics, Elsevier, vol. 79(2).
    12. Hong Nguyen Thi Phuong & Van Loi Tran, 2020. "The impact of related parties’ trading on the listed company’s earnings management - evidence in Vietnam," Management, Sciendo, vol. 24(2), pages 181-208, December.
    13. Willa Li & Yuki Gong & Yuge Zhang & Frank Li, 2025. "Derivative Complexity and the Stock Price Crash Risk: Evidence from China," IJFS, MDPI, vol. 13(2), pages 1-29, June.
    14. Emmadonata Carbone & Sara Saggese & Fabrizia Sarto, 2023. "La relazione tra l?esperienza degli amministratori e il business plan: un?indagine empirica sulle imprese quotate in Italia," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(1), pages 69-94.
    15. Junqin Sun & Fangjun Wang & Chongchong Lyu & Yu Wang, 2025. "The Influence of R&D Intensity on Supply Chain Transparency: Evidence From the Disclosure Substitution Perspective," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 46(2), pages 755-777, March.
    16. Syed Taha Fraz Haider Kazmi & Burhan Rasheed & Zohair Farooq Malik & Amer Shakeel & Muhammad Gulzar, 2024. "Impact of Financial Distress on Earnings Management with the Moderating Role of Audit Quality: Evidence from Pakistan," Journal of Economic Impact, Science Impact Publishers, vol. 6(1), pages 37-43.
    17. Ahmad Yuosef Alodat & Zalailah Salleh & Hafiza Aishah Hashim & Farizah Sulong, 2021. "Corporate governance and firm performance: empirical evidence from Jordan," Journal of Financial Reporting and Accounting, Emerald Group Publishing Limited, vol. 20(5), pages 866-896, August.
    18. Dominika Gajdosikova & Katarina Valaskova & Pavol Durana, 2022. "Earnings Management and Corporate Performance in the Scope of Firm-Specific Features," JRFM, MDPI, vol. 15(10), pages 1-18, September.
    19. Zhu, Hanbin & Ge, Yiyun, 2025. "Fund social network and MD&A disclosure quality," International Review of Financial Analysis, Elsevier, vol. 102(C).
    20. Iwametan, Johnson Oladipo & Miko Nurudeen Usman & Hauwa Sanusi. Junaid & Isuwa Dauda, 2023. "The Effect of Audit Committee Resources on Accounting Reporting Quality of Listed Oil and Gas in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(7), pages 614-627, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnd:arimbr:v:17:y:2025:i:2:p:1-13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Muhammad Tayyab (email available below). General contact details of provider: https://ojs.amhinternational.com/index.php/imbr .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.