Earnings Management and Benchmark Beating in New Zealand Companies PDF Download
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Author: Wei Li
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 148
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Book Description
Author: Wei Li
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 148
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Book Description
Author: Chik Wan Wai
Publisher:
ISBN:
Category : Corporate profits
Languages : en
Pages : 126
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Book Description
Author: Vivienne Mary Sampson
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 272
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Book Description
Author: Naibuka Uluilakeba Saune
Publisher:
ISBN:
Category : Benchmarking (Management)
Languages : en
Pages : 328
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Book Description
Author: Noor Houqe
Publisher:
ISBN:
Category :
Languages : en
Pages : 1
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Book Description
We utilize two basic approaches to measure the quality of earnings which control two different dimensions of earnings management. The research design is structured primary on the basis of calculating two different measures of the quality of earnings on the industry level and on the company level. We calculate earnings quality for New Zealand public firms from the OSIRIS database for 2004-2007. This research concludes that various stakeholders should apply more than one measure for the quality of earning in order to have strong evidence about the level of quality before taking any corrective action or making any decision related to that company. If one company is having low quality of earning according to one technique and high quality of earnings according to another, the stakeholders cannot have a final conclusion about that company and they need more investigations and analysis to assess the quality of earnings.
Author: Andrew C. Call
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We study the relation between short-term earnings guidance and earnings management. We find that firms issuing short-term earnings forecasts exhibit significantly lower absolute abnormal accruals, our proxy for earnings management, than do firms that do not issue earnings forecasts. Regular guiders also exhibit less earnings management than do less regular guiders. These findings are contrary to conventional wisdom but consistent with the implications of Dutta and Gigler (2002) and the expectations alignment role of earnings guidance (Ajinkya and Gift 1984). Our results continue to hold after we control for self-selection and potential reverse causality concerns, and in a setting where managers are documented to have strong incentives to manage earnings. Additional analysis reveals that guiding firms exhibit less income-increasing accrual management whether firms guide expectations upwards or downwards, and no evidence that guiding firms inflate earnings through real activities management. We also provide evidence to demonstrate that meeting-or-beating benchmarks is not an appropriate proxy for earnings management in our research setting.
Author: Kazuyuki Suda
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The main purpose of this study is to investigate whether and how Japanese firms manage reported earnings. We first investigate whether Japanese firm managers engage in earnings management to avoid decreases in earnings and losses by examining earnings distribution. However, the test of earnings distribution does not capture the magnitude of earnings management and does not specify the method by which earnings are managed. Then, we estimate discretionary accruals to capture the magnitude of earnings management and investigate how Japanese firms manage reported earnings. If managers of the firms engage in earnings management, we would find that discretionary accruals of these firms are unusually higher than other firms. First, this study finds that Japanese firms manage reported earnings to avoid decreases in earnings and losses. Especially, the distribution of earnings indicates that Japanese firm managers are more likely to engage in earnings management to avoid losses than the U.S. firms. Second, we find that managers control accounting accruals with discretion to increase reported earnings when pre-managed earnings are losses or decreases. Third, our results show that the prevalence of earnings management is associated with the cost of earnings management, i.e., the firms which are able to manage earnings at lower cost are more likely to engage in earnings management to move from negative pre-managed earnings to positive post-managed earnings. Finally, we present three possible explanations for the reason why Japanese firm managers are more likely to manage earnings to avoid losses than the U.S. firms.
Author: Lei Cai
Publisher:
ISBN:
Category : Corporate governance
Languages : en
Pages : 232
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Book Description
Author: Xiang Han
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 168
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Book Description
Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587
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Book Description
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?
