Determinants and consequences of real and accrual-based earnings management: three empirical studies
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| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Hamburg
Kovač
2014
|
| Series: | Schriftenreihe internationale Rechnungslegung
37 |
| Subjects: | |
| Online Access: | Ausführliche Beschreibung Inhaltsverzeichnis |
| Physical Description: | XIV, 164 S. graph. Darst. 21 cm, 237 g |
| ISBN: | 9783830076896 3830076894 |
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MARC
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Record in the Search Index
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| adam_text | TABLE OF CONTENTS
LIST OF ABBREVIATIONS XI
LIST OF TABLES XIII
LIST OF FIGURES XV
EARNINGS MANAGEMENT IN THE 2008/2009 FINANCIAL AND ECONOMIC
CRISIS
1 INTRODUCTION 2
2 HYPOTHESIS DEVELOPMENT 4
3 METHOD AND DATA 7
3.1 MEASURING EARNINGS MANAGEMENT 7
3.1.1 MEASURING INCOME SMOOTHING 8
3.1.2 MEASURING BIG BATH ACCOUNTING 10
3.2 RESEARCH DESIGN & MODEL SPECIFICATION 12
3.2.1 INCOME SMOOTHING MODEL 13
3.2.2 BIG BATH MODELS 14
3.2.3 CONTROL VARIABLES 18
3.2.4 TEST FOR ENDOGENEITY OF YOC 19
3.3 DATA AND SAMPLE SELECTION 20
4 RESULTS 22
4.1 DESCRIPTIVE STATISTICS 22
4.2 EMPIRICAL RESULTS 25
4.2.1 INCOME SMOOTHING RESULTS 25
4.2.2 BIG BATH RESULTS 26
5 CONCLUSION 34
REFERENCES 36
HTTP://D-NB.INFO/1046806254
VIII TABLE OF CONTENTS
ECONOMIC CONSEQUENCES OF REAL EARNINGS MANAGEMENT
1 INTRODUCTION 44
2 RELATED RESEARCH 48
3 RESEARCH DESIGN 51
3.1 MEASUREMENT OF REAL EARNINGS MANAGEMENT 51
3.1.1 ABNORMAL CASH FLOW FROM OPERATIONS 53
3.1.2 ABNORMAL PRODUCTION COSTS 54
3.1.3 ABNORMAL DISCRETIONARY EXPENSES 55
3.2 MEASUREMENT OF ECONOMIC CONSEQUENCES 56
3.2.1 EQUITY VALUATION: TOBIN S Q 56
3.2.2 INFORMATION ASYMMETRY: BID-ASK SPREAD 57
3.2.3 LIQUIDITY: PRICE IMPACT MEASURE 58
3.3 SPECIFICATION OF THE RESEARCH METHOD 59
3.3.1 ZERO EARNINGS BENCHMARK HISTOGRAM ANALYSIS 60
3.3.2 EARNINGS PORTFOLIO ANALYSIS 62
3.3.3 REGRESSION MODELS FOR THE ANALYSIS OF SUSPECT FIRM-YEARS 64
3.3.4 REGRESSION MODELS FOR THE ANALYSIS OF ECONOMIC CONSEQUENCES
OF REAL EARNINGS MANAGEMENT 66
3.3.4.1 TOBIN S Q REGRESSIONS 66
3.3.4.2 BID-ASK SPREAD REGRESSIONS 69
3.3.4.3 PRICE IMPACT REGRESSIONS 71
4 SAMPLE AND DESCRIPTIVE STATISTICS 71
4.1 SAMPLE SELECTION PROCEDURE 71
4.2 DESCRIPTIVE STATISTICS 74
5 RESULTS 81
5.1 EXISTENCE OF OVERALL EARNINGS MANAGEMENT TO AVOID LOSSES: ZERO
EARNINGS BENCHMARK HISTOGRAM ANALYSIS 81
TABLE OF CONTENTS IX
5.2 EXISTENCE OF REAL EARNINGS MANAGEMENT IN THE SUSPECT REGION:
GRAPHICAL EVIDENCE USING EARNINGS PORTFOLIO ANALYSIS 83
5.3 EXISTENCE OF REAL EARNINGS MANAGEMENT IN THE SUSPECT REGION:
MULTIVARIATE ANALYSIS 85
5.4 ANALYSIS OF ECONOMIC CONSEQUENCES OF REAL EARNINGS MANAGEMENT... 88
6 CONCLUSION 96
REFERENCES 99
THE IMPACT OF CORPORATE GOVERNANCE ON REAL EARNINGS
MANAGEMENT IN SWITZERLAND
1 INTRODUCTION 106
2 RELATED RESEARCH AND BACKGROUND 109
2.1 CONTROL MECHANISMS AND EARNINGS MANAGEMENT 110
2.1.1 AUDIT FEES 110
2.1.2 NON-AUDIT FEES ILL
2.1.3 INTERNAL CONTROL SYSTEM (ICS) 112
2.1.4 INTERNAL AUDIT 113
2.1.5 CODE OF CONDUCT 113
2.2 BOARD CHARACTERISTICS AND EARNINGS MANAGEMENT 114
2.2.1 BOARD SIZE 114
2.2.2 BOARD INDEPENDENCE 115
2.2.3 FINANCIAL EXPERTISE 116
2.2.4 BOARD ACTIVITY 117
2.2.5 CEO DUALITY 118
2.3 CORPORATE GOVERNANCE IN SWITZERLAND 118
2.3.1 LEGAL BACKGROUND 118
2.3.2 PARTICULARITIES OF THE SWISS MARKET SETTING 119
3 METHOD AND DATA 120
X TABLE OF CONTENTS
3.1 MEASURING REAL EARNINGS MANAGEMENT 120
3.1.1 OPPORTUNISTIC OVERPRODUCTION (ABNORMAL PRODUCTION COSTS) 122
3.1.2 DISCRETIONARY COST CUTTING (ABNORMAL DISCRETIONARY EXPENSES).. 123
3.1.3 AGGRESSIVE SALES PROMOTION (ABNORMAL CASH FLOW FROM
OPERATIONS) 123
3.1.4 EXTENDED SAMPLE FOR THE REM ESTIMATION PROCESS 124
3.2 MEASURING CORPORATE GOVERNANCE ATTRIBUTES 125
3.3 MODEL SPECIFICATION 127
3.4 DATA AND SAMPLE SELECTION 129
4 RESULTS 131
4.1 CORPORATE GOVERNANCE IN SWITZERLAND OVER TIME 131
4.2 DESCRIPTIVE STATISTICS 133
4.3 REGRESSION RESULTS 135
4.4 ROBUSTNESS TESTS 143
5 CONCLUSION 145
APPENDIX 1: DEFINITION OF THE CORPORATE GOVERNANCE ATTRIBUTES 150
REFERENCES 154
|
| any_adam_object | 1 |
| author | Spring, Daniel |
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| classification_rvk | QP 820 |
| ctrlnum | (OCoLC)881298422 (DE-599)DNB1046806254 |
| dewey-full | 658.1512 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.1512 |
| dewey-search | 658.1512 |
| dewey-sort | 3658.1512 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| indexdate | 2024-07-10T01:10:31Z |
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| isbn | 9783830076896 3830076894 |
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| spelling | Spring, Daniel Verfasser (DE-588)1047865459 aut Determinants and consequences of real and accrual-based earnings management three empirical studies Daniel Spring Hamburg Kovač 2014 XIV, 164 S. graph. Darst. 21 cm, 237 g txt rdacontent n rdamedia nc rdacarrier Schriftenreihe internationale Rechnungslegung 37 Zugl.: Bern, Univ., Diss., 2013 Bilanzpolitik (DE-588)4129338-1 gnd rswk-swf Corporate Governance (DE-588)4419850-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Bilanzpolitik (DE-588)4129338-1 s Corporate Governance (DE-588)4419850-4 s DE-604 Schriftenreihe internationale Rechnungslegung 37 (DE-604)BV022436942 37 X:MVB text/html http://www.verlagdrkovac.de/978-3-8300-7689-6.htm Ausführliche Beschreibung DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027454511&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Spring, Daniel Determinants and consequences of real and accrual-based earnings management three empirical studies Schriftenreihe internationale Rechnungslegung Bilanzpolitik (DE-588)4129338-1 gnd Corporate Governance (DE-588)4419850-4 gnd |
| subject_GND | (DE-588)4129338-1 (DE-588)4419850-4 (DE-588)4113937-9 |
| title | Determinants and consequences of real and accrual-based earnings management three empirical studies |
| title_auth | Determinants and consequences of real and accrual-based earnings management three empirical studies |
| title_exact_search | Determinants and consequences of real and accrual-based earnings management three empirical studies |
| title_full | Determinants and consequences of real and accrual-based earnings management three empirical studies Daniel Spring |
| title_fullStr | Determinants and consequences of real and accrual-based earnings management three empirical studies Daniel Spring |
| title_full_unstemmed | Determinants and consequences of real and accrual-based earnings management three empirical studies Daniel Spring |
| title_short | Determinants and consequences of real and accrual-based earnings management |
| title_sort | determinants and consequences of real and accrual based earnings management three empirical studies |
| title_sub | three empirical studies |
| topic | Bilanzpolitik (DE-588)4129338-1 gnd Corporate Governance (DE-588)4419850-4 gnd |
| topic_facet | Bilanzpolitik Corporate Governance Hochschulschrift |
| url | http://www.verlagdrkovac.de/978-3-8300-7689-6.htm http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027454511&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV022436942 |
| work_keys_str_mv | AT springdaniel determinantsandconsequencesofrealandaccrualbasedearningsmanagementthreeempiricalstudies |