CONSTRUCTION OF A METRIC OF QUALITY OF ACCOUNTING INFORMATION FROM THE PERSPECTIVE OF FUNDAMENTAL ANALYSTS
DOI:
https://doi.org/10.11606/rco.v9i24.79534Keywords:
Quality of accounting information, internal and external validation, fundamental analysts, Delphi technique.Abstract
This study aimed to set up a Metric of Quality of Accounting Information (MQIC) validated by fundamental analysts, which, as informational intermediaries, use public information to make their forecasts and recommendations about the best investment opportunities. To achieve the study’s objective, the Delphi technique was used through the application of a survey drawn from the literature on quality of accounting information to a group of fundamental analysts. The results of the study led to set up a MQIC with 17 components whose score ranges from 0 (worst score) up to 100 (best score). The overall average of the 17 components of the final metric was 4.3, indicating a high agreement among the fundamental analysts about the items of the MQIC. Moreover, the Coefficient of Variation was 18.4 %, which indicates average data dispersion. Finally, the Cronbach’s Alpha result of 0.89 attested that MQIC has internal consistency
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