Have IFRS Affected Earnings Management in the European Union?
Have IFRS Affected Earnings Management in the European Union?
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IFRS 是否影响了欧盟的盈余管理？
DOI：
10.1080/17449480.2010.511896
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发表时间：
2010
影响因子：
2.8
通讯作者：
J. Jarne
中科院分区：
文献类型：
--
作者：
Susana Callao;J. Jarne
最近，人们对《国际财务报告准则》的那些可能有助于改善欧盟财务报告的特征进行了大量讨论。然而，某些问题也可能对信息质量产生负面影响。本文重点研究国际财务报告准则对盈余管理的影响。其主要目的是通过比较监管变更之前和之后期间的酌情应计费用，检查欧盟采用 IFRS 是否增加或减少了酌情会计实务的范围。另一个目标是确定哪些公司的特征和国家因素可以解释 IFRS 之前和之后观察到的会计自由裁量权。我们考虑了在 11 个欧盟股票市场上市的非金融公司样本。获得的结果表明，自欧洲采用国际财务报告准则以来，盈余管理有所加强，因为在实施后的一段时间内可自由支配的应计费用有所增加。解释会计自由裁量权的变量在 IFRS 之前和之后是相同的（业务规模、杠杆、投资者保护和法律执行）。这些结果表明，盈余管理的差异可能是由于与当地标准相比，国际标准下存在一定的操纵空间。
There has recently been considerable discussion of those features of IFRS that are likely to help improve financial reporting in the European Union. However, certain issues may also have a negative impact on the quality of information. This paper focuses on the effect of IFRS on earnings management. Its main purpose is to examine whether the adoption of IFRS in the European Union has increased or decreased the scope for discretionary accounting practices by comparing discretionary accruals in the periods preceding and immediately after the regulatory change. Another objective is to determine which firms' features and country factors may explain the accounting discretion observed before and after IFRS. We consider a sample of non-financial firms listed on 11 EU stock markets. The results obtained show that earnings management has intensified since the adoption of IFRS in Europe, as discretionary accruals have increased in the period following implementation. The variables explaining accounting discretion are the same before and after IFRS (business size, leverage, investor protection and legal enforcement). These results suggest that variations in earnings management might be due to some room for manipulation under international standards when compared with local standards.