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The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis

Balakrishnan, Karthik - 2016

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … debt raising activity and stock performance. The evidence suggests that accounting conservatism reduces underinvestment in …

Persistent link: https://www.econbiz.de/10012987650

Earnings Management and Goodwill Accounting : Implications on Dividend Policy in Italian Listed Companies

Onesti, Tiziano - 2012

In this paper, we investigate the effects of goodwill accounting under IAS 36 on dividend policy in Italian Listed Companies. The technical areas of discretion in impairment test accounting enable pursuing three typical forms of earnings management: earnings smoothing, earnings increasing and...

Persistent link: https://www.econbiz.de/10013097684

Real Earnings Management and Supplemental Executive Retirement Plans

Tan, Christine E. L. - 2013

Increasingly, shareholders and regulators have been calling for a reigning in of executive salaries. Most of this discussion has focused on bonuses and stock options, the more observable portions of an executive compensation package. However long term incentive pay, such as supplemental...

Persistent link: https://www.econbiz.de/10013072799

Dividend Stickiness, Debt Covenants, and Earnings Management

Kim, Jaewoo - 2019

Consistent with the notion that dividends are very sticky, Daniel, Denis, and Naveen (2008) report evidence that firms manage earnings upward when pre-managed earnings are expected to fall short of dividend payments. However, we find that this evidence is not robust when controlling for firms'...

Persistent link: https://www.econbiz.de/10012905500

Dividend Policy and Earnings Management Across Countries

He, Wen - 2017

This paper examines whether dividend policy is associated with earnings management and whether the relationship varies across countries with wide-ranging degrees of institutional strength and transparency. Based on a sample of 23,429 corporations from 29 countries, we show that dividend payers...

Persistent link: https://www.econbiz.de/10012970698

Shareholder Loans and Earnings Smoothing – Empirical Findings from German Private Firms

Bigus, Jochen - 2016

This paper analyzes the interplay between shareholder loans and earnings smoothing in German private corporations. Shareholders who grant loans have a dual stakeholder role, being both equity holders and creditors. Those loans could be lost, because bankruptcy law requires their subordination in...

Persistent link: https://www.econbiz.de/10012985521

Dividends and Tax Avoidance as Drivers of Earnings Management : Evidence from Dividend-Paying Private SMEs in Finland

Karjalainen, Jussi; Kasanen, Eero; Kinnunen, Juha; … - 2021

Using a sample covering practically all dividend-paying small and medium-sized private companies in Finland during 2006–2010, we document that earnings management in these companies is driven by two concurrent forces: the willingness to pay (tax-exempt) dividends and avoiding unnecessary...

Persistent link: https://www.econbiz.de/10013250759

The Role of Accounting Conservatism in Firms’ Financial Decisions

Lee, Jimmy - 2013

This paper investigates whether financial reporting conservatism is related to firms' financial flexibility and their … access to capital. If conservatism facilitates monitoring and governance by capital providers, they should be more willing to … extend financing and increase firms' access to capital. However, because conservatism leads to systematic understatement of …

Persistent link: https://www.econbiz.de/10013094082

Stock Option Exercise, Earnings Management, and Abnormal Stock Returns

Safdar, Irfan - 2019

This essay uses a large sample to examine whether stock option plans provide incentives to executives to manage earnings when exercising their options. The evidence presented is consistent with a hypothesis where managers use accruals to shift earnings to increase the stock price prior to and...

Persistent link: https://www.econbiz.de/10012890176

Does Stock Manipulation Distort Corporate Investment? The Role of Short Selling Costs and Share Repurchases

Campello, Murillo - 2020

We characterize the effect of short selling costs on interactions between informed and uninformed speculators, showing how this dynamic impacts corporate decisions. Manipulation coexists with informed trading at low shorting costs, reducing price informativeness and firm investment. Manipulation...

Persistent link: https://www.econbiz.de/10012826279