Earnings management and accounting income aggregation

被引：106
|
作者：
Jacob, John
Jorgensen, Bjorn N.
机构：
[1] Univ Colorado, Leeds Sch Business, Boulder, CO 80309 USA
[2] Columbia Univ, US Securities & Exchange Commiss, New York, NY 10027 USA
[3] Columbia Univ, Grad Sch Business, New York, NY 10027 USA
来源：
JOURNAL OF ACCOUNTING & ECONOMICS | 2007年 / 43卷 / 2-3期
关键词：
earnings management; earnings thresholds; earnings distributions; discontinuities;
D O I：
10.1016/j.jacceco.2007.01.007
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Quarterly earnings allow aggregation into annual earnings in four different ways. Fiscal year earnings is one measure of annual earnings, the others being earnings for annual periods ending at interim quarter-ends. We investigate earnings management in fiscal year earnings relative to these alternative measures of firms' annual earnings. We confirm prior findings in Burgstahler and Dichev (1997. Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics 24, 99-126) of discontinuities around zero and prior year earnings in histograms of earnings. Subsequent research questions whether these discontinuities are evidence of earnings management. Using histograms of our alternative annual earnings measures, we offer evidence suggesting earnings management is responsible for the discontinuities. (c) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码：369 / 390
页数：22
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