Moderating role of voluntary IFRS adoption on earnings management and credit score of private companies

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-10-30 DOI:10.1016/j.frl.2024.106369

引用次数: 0

Abstract

Earnings management practices may be implemented to unduly improve the company's credit score, and in voluntary settings, a company's choice of adopting IFRS can influence the company's credit profile. We conduct an empirical analysis on a representative sample (n = 10,389) of Italian private companies and find that earning management practices improve, whereas a voluntary IFRS adoption worsen a company's creditworthiness profile. We also find that IFRS adoption cancels out the former undue credit profile benefits, further penalising the credit score. Future studies should replicate these analyses for other contexts and using alternative financial measures to improve the generalisability of these findings.

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自愿采用《国际财务报告准则》对私营公司盈利管理和信用评分的调节作用

实施收益管理可能会不适当地提高公司的信用评分，而在自愿的情况下，公司选择采用《国际财务报告准则》会影响公司的信用状况。我们对具有代表性的意大利私营公司样本（n = 10,389 家）进行了实证分析，发现收益管理实践改善了公司的信用状况，而自愿采用《国际财务报告准则》则会恶化公司的信用状况。我们还发现，采用《国际财务报告准则》抵消了以前对信用状况的不当好处，进一步降低了信用评分。今后的研究应在其他情况下重复这些分析，并使用其他财务衡量标准，以提高这些研究结果的普遍性。

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

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance