Earnings Manipulation and Financial Distress in the Eurozone and the Role of Auditor Size during the Current Recession

IF 1.2 Q4 BUSINESS

Journal of East-West Business Pub Date : 2020-10-01 DOI:10.1080/10669868.2020.1848963

Maria I. Kyriakou

引用次数: 1

Abstract

Abstract This study aims to investigate the impact of financial distress on discretionary accruals, i.e. earnings manipulation, and the role of the Big4 or non-Big4 auditors during the economic recession. The four biggest Eurozone countries (Germany, France, Italy and Spain) are examined using the generalized method of moments (GMM) methodology, and the years have been separated into pre-crisis and in-crisis periods based on the negative and positive change in GDP, respectively. The findings suggest that earnings manipulation is prevalent in Italy for non-financial companies audited by both Big4 and non-Big4 auditors during the two periods.

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当前经济衰退中，欧元区的盈余操纵和金融危机以及审计师规模的作用

摘要本研究旨在探讨财务困境对可操纵性应计利润(即盈余操纵)的影响，以及四大会计师事务所或非四大会计师事务所在经济衰退期间的作用。四个最大的欧元区国家(德国，法国，意大利和西班牙)使用广义矩量法(GMM)方法进行了检查，并根据GDP的负变化和正变化分别将年份分为危机前和危机中时期。研究结果表明，在这两个时期，意大利由四大会计师事务所和非四大会计师事务所审计的非金融公司普遍存在盈利操纵现象。

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 East-West Business BUSINESS-

CiteScore

2.10

自引率

26.70%

发文量

期刊介绍： Journal of East-West Business is a quarterly journal that deals with contemporary and emerging aspects of business studies, strategies, development, and practice as they relate to the Russian Federation, the new republics of the Commonwealth of Independent States, and Eastern/Central Europe-and business relationships with other countries of the world. The Journal of East-West Business is international in scope and treats business issues from comparative, cross-cultural, and cross-national perspectives. The journal features an Editorial Advisory Board that represents the Russian Federation, Eastern/Central European, and Baltic states in this new business arena.