The role of earnings management and audit fees in non-financial companies during crises

IF 2 Q2 ECONOMICS
Maria I. Kyriakou
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引用次数: 0

Abstract

This study examines the mean difference and the indirect relationship between earnings management (measured by discretionary accruals) and audit fees. It spans the period from 2005 to 2020 for four countries in two pairs, namely Italy and Spain, and Germany and France. The investigation considers three of the most recent crises (the financial crisis, the sovereign debt crisis and the COVID-19 pandemic). The ANOVA method is used and its validity is compared with the Kruskal–Wallis non-parametric test along with interval plots. The latter plots are graphs that show the mean distance for the two estimated variables, which has been calculated using pooled standard deviation. The results indicate that earnings manipulation measured using discretionary accruals has increased more in Germany than in France and is similar in Italy and Spain. Audit fees have risen more in Germany than in France and have increased more in Italy than in Spain during the three most recent crises. Thus, these results indirectly confirm the positive association between earnings manipulation and audit fees.
危机期间非金融公司盈余管理和审计费用的作用
本研究探讨盈余管理(由可支配应计项目衡量)与审计费用之间的平均差异和间接关系。它涵盖了从2005年到2020年的四个国家,分为两组,分别是意大利和西班牙,德国和法国。该调查考虑了最近的三次危机(金融危机、主权债务危机和COVID-19大流行)。采用方差分析方法,并与Kruskal-Wallis非参数检验及区间图进行了有效性比较。后面的图表显示了两个估计变量的平均距离,这是用混合标准差计算出来的。结果表明,使用可自由支配应计利润衡量的盈余操纵在德国比法国增加得更多,在意大利和西班牙也类似。在最近的三次危机中,德国的审计费用涨幅高于法国,意大利的审计费用涨幅高于西班牙。因此,这些结果间接证实了盈余操纵与审计费用之间的正相关关系。
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
Central Bank Review
Central Bank Review ECONOMICS-
CiteScore
5.10
自引率
0.00%
发文量
9
审稿时长
69 days
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