Managerial ability and revenue-expense matching: accrual estimation versus real business decision

IF 1.4 4区经济学 Q3 BUSINESS, FINANCE

Asia-Pacific Journal of Accounting & Economics Pub Date : 2021-09-14 DOI:10.1080/16081625.2021.1977663

Hyungjin Cho, Ga-Young Choi

引用次数: 0

Abstract

ABSTRACT We investigate the association between managerial ability and revenue-expense matching. We find that firms having more capable managers exhibit a better contemporaneous revenue-expense matching, partly attributable to their ability at accrual estimation. We also find that the association between current revenue and past expense is weaker for firms having more talented managers due to cash flow effects. These findings are robust to a battery of control variables and to alternative proxies of managerial ability. Our study indicates that the relation between managerial ability and earnings attribute could be a function of accrual estimation process as well as real business decision. JEL codes: G32.

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管理能力与收入-费用匹配:应计估算与实际业务决策

摘要本文研究了管理能力与收入-费用匹配之间的关系。我们发现，拥有更有能力的管理者的公司表现出更好的同期收入-费用匹配，部分归因于他们的应计估算能力。我们还发现，由于现金流效应，拥有更多优秀管理人员的公司当前收入和过去费用之间的关联较弱。这些发现对于一系列控制变量和管理能力的替代代理都是稳健的。我们的研究表明，管理能力与盈余属性之间的关系可能是权责发生制估计过程和实际经营决策的函数。JEL代码:G32。

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

Asia-Pacific Journal of Accounting & Economics Multiple-

CiteScore

2.40

自引率

9.10%

发文量

期刊介绍： The Asia-Pacific Journal of Accounting & Economics (APJAE) is an international forum intended for theoretical and empirical research in all areas of economics and accounting in general. In particular, the journal encourages submissions in the following areas: Auditing, financial reporting, earnings management, financial analysts, the role of accounting information, international trade and finance, industrial organization, strategic behavior, market structure, financial contracts, corporate governance, capital markets, and financial institutions. The journal welcomes contributions related to the Asia Pacific region, and targets top quality research from scholars with diverse regional interests. The editors encourage submission of high quality manuscripts with innovative ideas. The editorial team is committed to an expedient review process.