کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5092847 1376085 2015 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Accrual-based and real earnings management: An international comparison for investor protection
ترجمه فارسی عنوان
مدیریت درآمد مبتنی بر تعهد و واقعی: مقایسه بین المللی برای حفاظت از سرمایه گذاران
کلمات کلیدی
مدیریت درآمد، محافظت از سرمایه گذاران، قانون شرکت، قانون اوراق بهادار، مقررات،
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار، مدیریت و حسابداری (عمومی)
چکیده انگلیسی


- Earnings management is affected by investor protection in each country.
- Accrual-based earnings management decreases under stronger investor protection.
- Real earnings management increases under stronger investor protection.
- Real earnings management decreases with analyst following.

This paper examines the differences in accrual-based and real earnings management across countries from the perspective of investor protection. Following prior research (Leuz et al., 2003), we hypothesize that accrual-based earnings management is more constrained by strict discipline in countries with stronger investor protection. For real earnings management in countries with stronger investor protection, we have two hypotheses. One is that real earnings management is more often implemented to substitute for accrual-based earnings management. The other is that real earnings management is less often implemented, as with accrual-based earnings management. Our examination uses data from 222,513 firm-year observations drawn from 38 countries covering 1991 to 2010. The results show that managers in countries with stronger investor protection tend to engage in real earnings management instead of accrual-based earnings management. We also find that real earnings management is constrained by analyst following. Our results are not affected by the control of audit quality or the calculation method used for earnings management measures according to country and year.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Contemporary Accounting & Economics - Volume 11, Issue 3, December 2015, Pages 183-198
نویسندگان
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