企业层面不确定性对盈余管理的影响及会计稳健性的作用

IF 3.2 Q1 BUSINESS, FINANCE
A. Haque, H. Fatima, Ammar Abid, M. Qamar
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引用次数: 8

摘要

本研究探讨会计稳健性是否能在不确定性之后减少盈余管理。假设不确定时期的保守报告可以减少盈余管理,增加公司价值。通过Khan和watts模型,利用2005-2018年5354家公司的年度观察结果,我们提供了证据,证明会计稳健性是一种限制面临不确定性的公司盈余管理的方式。我们发现,在不确定性期间,保守报告对公司价值的统计显著影响。企业层面的不确定性是通过应用“勘探者”和“防御者”商业策略来衡量的。运用修正的Jones模型和Dechow和Dichev方法模型对盈余管理进行测度。我们的研究结果提供了对保守会计的见解,并对投资者、研究人员和标准制定者具有重要的实际意义。在解决内生性问题并应用GMM估计后,我们的结果仍然得到证实。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Impact of firm-level uncertainty on earnings management and role of accounting conservatism
This study investigates whether accounting conservatism can reduce earnings management in the wake of uncertainty. It is hypothesized that conservative reporting during uncertainty can reduce earnings management and increase firm value. Using 5354 firm-year observations from 2005-2018 through Khan and watts model, we provide evidence that accounting conservatism is a way to put limits on earnings management for firms facing uncertainty. We find a statistically significant impact of conservative reporting on firm value during an uncertainty. Uncertainty at the firm level is measured by applying “prospector” and “defender” business strategy. To measure earnings management Modified Jones model and Dechow and Dichev approach models applied. Our results provide insights into conservative accounting and have critical and practical implications for investors, researchers and standard setters. After addressing endogeneity and applying GMM estimator, our results remain confirmed.
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来源期刊
CiteScore
0.30
自引率
1.90%
发文量
14
审稿时长
12 weeks
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