EARNINGS MANIPULATION AND PROFITABILITY

被引：0
|
作者：
Wang, Yu Shan [1 ]
Huang, Pei Chi [1 ]
机构：
[1] Natl Kaohsiung First Univ Sci & Technol, Dept Money & Banking, Kaohsiung, Taiwan
来源：
ECONOMIC COMPUTATION AND ECONOMIC CYBERNETICS STUDIES AND RESEARCH | 2014年 / 48卷 / 01期
关键词：
Corporate performance; Earnings management; Earnings manipulation; Profitability; PROFIT MARGINS; CASH FLOWS; MANAGEMENT; PERFORMANCE; FIRMS;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper uses 2005-2010 data from Standard & Poor's. companies to establish a panel smooth transition regression model to determine variances in earnings management throughout business cycles. The purpose is to allow financial report users to understand the true information within the reports. The results indicate non-linear relations between profitability and earnings manipulation. When firm performance weakens, managers would want to convey a message of recovery and improvement by manipulating earnings. When firm performance strengthens, managers may cut back earnings management due to dividend plays or smooth earnings. Generally speaking, companies step up earnings manipulation in economic downturns.
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页码：309 / 330
页数：22
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