Accrual-Based Earnings Management and Regulation: A Literature Review*

IF 1.6 Q3 BUSINESS, FINANCE
Olivier Greusard
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引用次数: 1

Abstract

This paper reviews how the accounting literature has investigated accrual-based earnings management (AEM) in relation to regulation. After describing the development of accrual-based models to measure earnings management, I provide evidence that the accounting literature has investigated AEM and regulation to answer six types of research questions. First, researchers investigate whether firms manage earnings before a regulatory event to benefit from it or to avoid its negative consequences. Second, they look at whether firms engage in AEM after the implementation of a new regulation to avoid the regulatory costs associated with lack of compliance or to respect regulatory industry ratios. Third, researchers use accruals quality metrics to investigate the change in quality of accounting after a change in regulation. Fourth, they use accruals quality metrics to analyze the impact of differences between regulatory environments. Fifth, researchers exploit Accounting and Auditing Enforcement Releases to clearly identify samples of low-quality firms in order to develop new earnings management models, test the specifications of existing models, or identify new patterns linked to earnings management. Sixth, the accounting literature employs regulation to investigate potential complementarity or substitution effects between accrual-based and real earnings management. I also discuss how the emergence of new technologies such as machine learning, the ongoing debate between single-accrual and aggregate models, regulatory events other than laws, and recent regulations create opportunities for future research into AEM in relation to regulation.

基于权责发生制的盈余管理与监管:文献综述*
本文回顾了会计文献如何研究基于权责发生制的盈余管理(AEM)与监管的关系。在描述了基于权责发生制的盈余管理衡量模型的发展之后,我提供了证据,证明会计文献已经调查了AEM和监管,以回答六种类型的研究问题。首先,研究人员调查公司在监管事件发生前管理收益是为了从中受益,还是为了避免其负面后果。其次,他们考察公司是否在新法规实施后参与AEM,以避免与缺乏合规相关的监管成本,或尊重监管行业比率。第三,研究人员使用应计质量指标来调查监管变化后会计质量的变化。第四,他们使用应计质量指标来分析监管环境差异的影响。第五,研究人员利用会计和审计强制执行发布来明确识别低质量公司的样本,以开发新的盈余管理模型,测试现有模型的规格,或识别与盈余管理相关的新模式。第六,会计文献利用监管来研究基于权责发生制和真实盈余管理之间潜在的互补或替代效应。我还讨论了新技术的出现,如机器学习、单应计和累计模型之间正在进行的辩论、法律以外的监管事件以及最近的法规,如何为未来与监管相关的AEM研究创造机会。
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
Accounting Perspectives
Accounting Perspectives BUSINESS, FINANCE-
CiteScore
2.60
自引率
0.00%
发文量
30
期刊介绍: Accounting Perspectives provides a forum for peer-reviewed applied research, analysis, synthesis and commentary on issues of interest to academics, practitioners, financial analysts, financial executives, regulators, accounting policy makers and accounting students. Articles are sought from academics and practitioners that address relevant issues in any and all areas of accounting and related fields, including financial accounting and reporting, auditing and other assurance services, management accounting and performance measurement, information systems and related technologies, tax policy and practice, professional ethics, accounting education, and related topics. Without limiting the generality of the foregoing.
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