The Tone from Above: The Effect of Communicating a Supportive Regulatory Strategy on Reporting Quality
通过操纵官方信件内容，研究支持性监管态度对金融中介机构自我评估报告质量的影响，发现时间导向调节了该效应，长期导向企业报告质量提高，短期导向企业则降低。
ABSTRACT In collaboration with the Authority for the Financial Markets in the Netherlands, we manipulate the content of official letters that instruct financial intermediaries to submit a mandatory self‐assessment. As part of the Registered Report Process, we submitted our hypotheses, experimental procedure, and planned statistical analyses before data collection. We predicted that a request indicating a supportive regulatory attitude has a positive effect on reporting quality on average. We also predicted this effect to be stronger for small firms and for firms with a long‐term orientation, and to become negative for firms with a short‐term orientation. Planned analyses show that a supportive letter reduced reporting quality unless firms had a long‐term orientation, supporting the moderating influence of time horizon, but providing no support for the expected average effect or for moderation by firm size.