کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5089312 1375589 2013 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Product market power, industry structure, and corporate earnings management
ترجمه فارسی عنوان
قدرت بازار محصول، ساختار صنعت و مدیریت درآمد شرکت ها
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
This is the first study to establish a link between product market power of firms and the degree of earnings management. We hypothesize and document a significant and robust association between (a) a firm's product market pricing power and its degree of earnings management, and (b) industry competitiveness and the degree of earnings management in the industry. Our study reveals that firms with inferior product market pricing power engage in greater discretionary earnings accruals, adding a new dimension to our understanding of the transparency and informativeness of firms' financial statements. These findings are mirrored at the industry level where we document that more competitive industries are associated with greater earnings manipulation. The empirical evidence has direct implication on the informativeness and earnings quality of firms based on their product market power and competitiveness.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 37, Issue 8, August 2013, Pages 3273-3285
نویسندگان
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