The Impact of Financial Statement Comparability on Earnings Management: Evidence from Frontier Markets
The Impact of Financial Statement Comparability on Earnings Management: Evidence from Frontier Markets
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财务报表可比性对盈余管理的影响：来自前沿市场的证据
DOI：
10.3390/ijfs8040073
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发表时间：
2020
影响因子：
2.3
通讯作者：
M. Safari
中科院分区：
文献类型：
--
作者：
Wilfred Martens;P. Yapa;M. Safari
本文考察了前沿市场国家的财务报表可比性是否会抑制机会主义盈余管理。使用一个大样本的19个前沿市场国家，和会计可比性方法，映射跨几个会计准则的可比性，结果表明，增强财务可比性约束应计盈余管理（AEM）。相反，发达市场和新颖的这项研究，财务可比性和真实的盈余管理（REM）之间的显着关系并没有发现，为更大的鲁棒性，AEM和REM也测试了国际财务报告准则（IFRS）采用和非采用国家。结果表明，国际财务报告准则的采用约束AEM，但没有表现出约束REM的影响。此外，使用BigN审计师未能最终显示出缓和EM的能力。当结合起来，结果表明，前沿市场参与的REM比预期的要少。研究还指出，法律的根源（民法与普通法）在限制盈余管理方面发挥着重要作用。当可比性增加时，英美法系国家的AEM较低;在大陆法系国家没有发现这种重要性。这项研究的贡献表明，发达市场的研究结果不能推广到前沿市场。
This paper examined whether financial statement comparability constrains opportunistic earnings management in frontier market countries. Using a large sample of 19 frontier market countries, and an accounting comparability method that maps comparability across several accounting standards, the results show that enhanced financial comparability constrains accruals earnings management (AEM). Contrary to developed markets and novel to this study, a significant relationship between financial comparability and real earnings management (REM) was not found. For greater robustness, AEM and REM were also tested on both International Financial Reporting Standards (IFRS) adopting and non-adopting countries. The results suggest IFRS adoption constrains AEM, yet exhibited no impact on constraining REM. Additionally, the use of BigN auditors failed to conclusively show an ability to moderate EM. When combined, the results suggest that frontier markets engage in less REM than expected. It is also noted that the legal roots (civil vs. common law) play a significant role in constraining earnings management. Common law countries exhibited lower AEM when comparability increased; this significance was not found in countries that were rooted in civil law. Contributions from this study show that findings from developed markets cannot be generalised to frontier markets.
DOI：
10.2139/ssrn.247435
发表时间：
1999-03
期刊：
Financial Accounting
影响因子：
--
作者：
Eli Bartov;Dan Givoly;Carla K. Hayn
通讯作者：
Eli Bartov;Dan Givoly;Carla K. Hayn