审计和非审计私营制造企业盈余管理的差异:来自希腊的证据

Q4 Economics, Econometrics and Finance
Vasileios Zisis, John Sorros
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引用次数: 2

摘要

利用可支配性应计利润水平作为盈余管理的代理,我们提供了与经审计和未经审计的非上市希腊制造业公司样本中盈余管理程度相关的实证结果。根据我们对外部审计对财务报告的重要性和影响的预期,我们观察到,与经审计的私营公司相比,有义务提供未经审计的财务报表的私营公司在向上(向下)盈余管理期间报告的可自由支配应计利润水平更高(更低)。此外,我们提供了与以下论点一致的证据:一些接近满足法定审计标准的未经审计的公司管理盈余的方向有助于他们错过与会计相关的标准。然而,我们没有发现外部审计限制了在债务发行情况下使用异常应计项目。这一结果也与我们的预期相矛盾,即由不公布中期财务报表驱动的低水平财务透明度将使私营公司在筹集债务资本时管理收益失去动力。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Differences in earnings management between audited and non-audited private manufacturing firms: evidence from Greece
Using the level of discretionary accruals as a proxy of earnings management, we provide empirical results related to the extent of earnings management among a sample of audited and non-audited non-listed manufacturing Greek firms. In accordance with our expectations of the importance and the effect of external auditing on financial reporting, we observe that private firms that are obliged to provide non-audited financial statements report higher (lower) levels of discretionary accruals during upward (downward) earnings management compared to audited private firms. Moreover, we provide evidence consistent with the argument that some non-audited firms that are close to satisfying the criteria of statutory audit manage earnings in a direction that helps them miss the accounting related criteria. However, we fail to detect that external auditing confines the use of abnormal accruals in cases of debt issue. This result also contradicts our expectation that the low level of financial transparency that is driven by the non-publication of interim financial statements will demotivate private firms to manage earnings when raising debt capital.
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来源期刊
CiteScore
0.70
自引率
0.00%
发文量
7
期刊介绍: IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.
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