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Real Earnings Management and Cost of Capital
Kim, Jeong-Bon - 2013
This study investigates whether a firm's cost of equity capital is influenced by the extent of a firm's real activities management. Using a large sample of U.S. firms, we find that our proxy for the cost of capital is positively associated with the extent of earnings management through the real...
Persistent link: https://www.econbiz.de/10013088724
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Does Earnings Management Relieve the Negative Effects of Mandatory Pension Contributions?
Phan, Hieu V. - 2016
Mandatory pension contributions (MCs) are negative shocks to a firm's liquidity that can unfavorably impact its cost of capital, financing, and investment plans. We study whether firms faced with MCs use both non-cash (NEM) and cash generating earnings management (CEM) to partly offset their...
Persistent link: https://www.econbiz.de/10013006538
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Earnings Management and R&D Costs Capitalization : Evidence From Russian and Germany Markets
Garanina, Tatiana - 2019
Purpose: The goal of the paper is to analyse the motives that determine the propensity of companies of both developed and developing countries to engage in earnings management on the basis of accounting treatment of R&D costs.Methodology: The final sample analyzed in the paper includes 47...
Persistent link: https://www.econbiz.de/10012859016
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Conditional Conservatism and Cost of Capital
García Lara, Juan M. - 2010
We empirically test the association between conditional conservatism and cost of equity capital. Conditional conservatism imposes stronger verification requirements for the recognition of economic gains than economic losses, resulting in earnings that reflect losses faster than gains. This...
Persistent link: https://www.econbiz.de/10013148412
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Implied Cost of Capital and Accounting Conservatism
Karampinis, Nikolaos I.; Lessis, Giannis D. - 2021
In this paper, we illuminate the importance of accounting conservatism adjustments when estimating the implied cost of capital (ICC) with the Residual Income Valuation (RIV) and the Abnormal Earnings Growth (AEG) model. Specifically, we adjust for three main limitations in the research of ICC,...
Persistent link: https://www.econbiz.de/10013245361
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Effects of Audit Quality on Earnings Management and Cost of Equity Capital : Evidence from China
Chen, Hanwen; Chen, Jeff Zeyun; Lobo, Gerald J.; Wang, … - 2011
We examine the effects of audit quality on earnings management and cost of equity capital for two groups of Chinese firms: state-owned enterprises (SOEs) and non-state-owned enterprises (NSOEs). The differences in the nature of the ownership, agency relations and bankruptcy risks lead SOEs to...
Persistent link: https://www.econbiz.de/10014219620
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Corporate governance and earnings management in banks : an empirical evidence from India
Biswas, Sarit; Bhattacharya, Mousumi; Sadarangani, Pradip H. - In: Cogent economics & finance 10 (2022) 1, pp. 1-20
boards and EM, indicating that the lack of gender diversity on a bank’s board outweighs the benefits of gender-diverse boards …
Persistent link: https://www.econbiz.de/10013447911
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Changes in Lending Practices and Borrower Reporting Quality : Evidence from Chinese State Bank Privatizations
Chen, Deqiu - 2018
which compares changes in CSBs that issue Initial Public Offerings (IPOs) to those that do not, we find that bank …-on-assets (ROA) after a bank's IPO. We also find that pursuant to the IPOs by their lending banks, various measures of borrowers' FRQ …
Persistent link: https://www.econbiz.de/10012936432
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Forced Bank Relationship Loss : Accounting Information Opacity and Loan Conditions
Xu, Yuqian - 2019
We examine the impact on a firm when it is exogenously forced to switch its bank relationship from one branch to … another branch of the same bank. We show the effect depends directly on the relative balance between the hard accounting … information provided to the bank by the firm, as part of the bank's internal credit rating system and the provision of soft …
Persistent link: https://www.econbiz.de/10012901734
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The Effects of Financial Reporting on Bank Loan Contracting in Global Markets : Evidence from Mandatory IFRS Adoption
CHEN, Tai-Yuan - 2015
contract terms of bank loans in a global setting. Using a difference-in-differences design based on 26,474 bank loans in 31 …
Persistent link: https://www.econbiz.de/10013013503