Is earnings management sensitive to discount rates?

IF 1.1 Q3 BUSINESS, FINANCE

Journal of Accounting Literature Pub Date : 2018-12-01 DOI:10.1016/j.acclit.2018.03.001

Jesper Haga , Kim Ittonen , Per C. Tronnes , Leon Wong

引用次数: 10

Abstract

We argue that managers’ choice to manage earnings depends on the trade-off in the present value of expected future net benefits associated with that choice. Specifically, we examine if discount rates are associated with the likelihood that managers engage in earnings management to meet or beat various earnings targets. We find that discount rates are positively associated with income-increasing earnings management. This means that managers increase both accrual-based and real earnings management when discount rates are higher. However, the economic magnitude of this association is relatively moderate.

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盈余管理对贴现率敏感吗?

我们认为，管理者管理盈余的选择取决于与该选择相关的预期未来净收益现值的权衡。具体来说，我们研究了贴现率是否与管理者参与盈余管理以达到或超过各种盈余目标的可能性有关。我们发现贴现率与增加收入的盈余管理呈正相关。这意味着当贴现率较高时，管理人员会同时增加应计制和实际盈余管理。然而，这种关联的经济规模是相对温和的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Accounting Literature BUSINESS, FINANCE-

CiteScore

6.50

自引率

0.00%

发文量

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