The Tone from Above: The Effect of Communicating a Supportive Regulatory Strategy on Reporting Quality

Sanne R. van Duin, Henri Dekker, Jacco L. Wielhouwer, Juan P. Mendoza

Research output: Contribution to journalJournal articleResearchpeer-review


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.
Original languageEnglish
JournalJournal of Accounting Research
Issue number2
Pages (from-to)467-519
Number of pages53
Publication statusPublished - May 2018
Externally publishedYes


  • G28
  • K42
  • M48
  • Reporting quality
  • Responsive regulation
  • Support
  • Time Horizon

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