سامانه پشتیبانی خدمات اطلاعات

  اخبار و اعلانات

 آمار

تعداد نشریات161
تعداد شماره‌ها6,573
تعداد مقالات71,037
تعداد مشاهده مقاله125,521,864
تعداد دریافت فایل اصل مقاله98,781,421
Ahmadpour, Ahmad, Shahsavari, Masoumeh. (1394). Earnings Management and the Effect of Earnings Quality in Relation to Bankruptcy Level (Firms Listed at the Tehran Stock Exchange). , 9(1), 77-99. doi: 10.22059/ijms.2016.55036
Ahmad Ahmadpour; Masoumeh Shahsavari. "Earnings Management and the Effect of Earnings Quality in Relation to Bankruptcy Level (Firms Listed at the Tehran Stock Exchange)". , 9, 1, 1394, 77-99. doi: 10.22059/ijms.2016.55036
Ahmadpour, Ahmad, Shahsavari, Masoumeh. (1394). 'Earnings Management and the Effect of Earnings Quality in Relation to Bankruptcy Level (Firms Listed at the Tehran Stock Exchange)', , 9(1), pp. 77-99. doi: 10.22059/ijms.2016.55036
Ahmadpour, Ahmad, Shahsavari, Masoumeh. Earnings Management and the Effect of Earnings Quality in Relation to Bankruptcy Level (Firms Listed at the Tehran Stock Exchange). , 1394; 9(1): 77-99. doi: 10.22059/ijms.2016.55036

Earnings Management and the Effect of Earnings Quality in Relation to Bankruptcy Level (Firms Listed at the Tehran Stock Exchange)

Interdisciplinary Journal of Management Studies (Formerly known as Iranian Journal of Management Studies)
مقاله 5، دوره 9، شماره 1، فروردین 2016، صفحه 77-99    اصل مقاله (476.66 K)
نوع مقاله: Research Paper
شناسه دیجیتال (DOI): 10.22059/ijms.2016.55036
نویسندگان
Ahmad Ahmadpour1؛ Masoumeh Shahsavari* 2
1Faculty of Administration & Economic Science, University of Mazandaran, Babolsar, Iran
2Department of Accounting, Kosar University of Bojnord, Bojnord, Iran
چکیده
This paper investigates the relationship between earnings management and quality of earnings for the bankrupt and non-bankrupt firms listed in the Tehran Stock Exchange from 2007 to 2012.The earnings quality  is measured by four separate accounting-based earnings attributes: accruals quality, earnings persistence, earnings predictability; earnings and is also examined by testing the relationship between discretionary accruals as a measure of earnings management, being opportunistic or efficient earnings management. Also, the future profitability was measured by each of the three variables, future change of earnings, future cash flow from operation, and future non-discretionary earnings. The results of estimating unbalanced panel data technique for 55 firms subjected to bankruptcy of Altman's model, and 198 non-bankrupt firms, shows that the bankrupt firms tend to use opportunistic earnings management, and the non-bankrupt choose efficient earnings management. Moreover, the results show that earnings management performs better than earnings quality in predicting future profitability. Meanwhile, the non-discretionary earnings more effectively than future change of earnings and future cash flow from operation for providing a picture of the future profitability of the firm.
کلیدواژه‌ها
Earnings management؛ Earning quality؛ bankruptcy level
عنوان مقاله [English]
مدیریت سود و تأثیر کیفیت سود مرتبط با سطح ورشکستگی (شرکت‌های پذیرفته‌شده در بورس اوراق بهادار تهران)
نویسندگان [English]
احمد احمدپور1؛ معصومه شهسواری2
1دانشکدة علوم اقتصادی و اداری، دانشگاه مازندران، بابلسر، ایران
2گروه حسابداری، دانشگاه کوثر بجنورد، بجنورد، ایران
چکیده [English]
در این پژوهش ارتباط بین مدیریت سود و کیفیت سود شرکت‌های ورشکسته و غیرورشکستة بورس تهران بین سال‌های 1385 تا 1389 ارزیابی شد. کیفیت سود با استفاده از چهار ویژگی سود مبتنی بر داده‌های حسابداری شامل کیفیت اقلام تعهدی، پایداری، قابلیت پیش‌بینی و هموار بودن (به طور جداگانه) اندازه‌گیری شده و با آزمون رابطة اقلام تعهدی اختیاری به عنوان شاخص سنجش مدیریت سود و سودآوری آتی، کارا یا فرصت‌طلبانه بودن مدیریت سود بررسی شده است. همچنین، سودآوری آتی با استفاده از هر یک از سه متغیر تغییرات در سود خالص، وجه نقد عملیاتی و سود خالص عاری از اقلام تعهدی اختیاری آتی اندازه‌گیری شد. نتایج برآورد مدل با تکنیک داده‌های تابلویی نامتوازن برای شرکت مشمول آستانة ورشکستگی مدل آلتمن و 198 شرکت غیرورشکسته، حاکی از این است که مدیریت سود در شرکت‌های ورشکسته گرایش به فرصت‌طلبانه داشته و برای شرکت‌های غیرورشکسته کارا بوده است. علاوه‌بر این یافته‌ها نشان می‌دهد در گزارشگری سودآوری آتی شرکت‌های بورسی، مدیریت سود بهتر از کیفیت سود عمل کرده است. در این میان سود خالص عاری از اقلام تعهدی اختیاری سال آتی، کاراتر از تغییرات در سود خالص و وجه نقد عملیاتی سال آتی، برای ارائة تصویری از قدرت سودآوری آتی است.
کلیدواژه‌ها [English]
سطح ورشکستگی, کیفیت سود, مدیریت سود
مراجع
  1. Adut, D. Holder, A. Robin, A. (2013). “Predictive versus opportunistic earnings management, executive compensation, and firm performance”. J. Account. Public Policy (32). PP 126-146.
  2. Aharony ,Joseph,Jiwei Wang and Hongqi Yuan. (2010). “Tunneling as an incentive for earnings management during the IPO process in China”. journal of Accounting and Public Policy. Vol29, Issue1, 1-26.
  3. Althman E.I. (1968). “ Financial ratios, discriminant analysis and the prediction of corporate bankruptcy”. Journal of Finance, Vol. 23, nr. 4, p 589-609.
  4. Ball, R., ShivaKumar, L. (2005). “The role of accruals in asymmetrically timely gain and loss recognition”. Retrieved March 14, 2006, from http://www.ebsco.com.
  5. 5.     Bhattacharya, N., Desai, H. and Venkataraman, K. (2008). “Earning quality and information Asymmetry: Evidence from trading costs”, http:// www.ssrn.com.
  6. Boonlert-U-Thai, K., Meek, G., & Nabar, S.(2006). “Earnings attributes and investor-protection: International evidence”. The International Journal of Accounting, 41, 327-357
  7. Burgstahler,D., & Dichev, I. (1997). “Earning Management to Avoid Earnings Decreases and Losses”. Journal of Accounting and Economics,24.99-126.
  8. Campa , D. and Camach, M. (2013). “Earnings management among bankrupt non-listed firms: evidence from Spain”. Spanish Journal of Finance and Accounting, Volume 43, pages 3-20.
  9. Dechow, M.P., & Dichev, D. (2002). “The quality of accruals and earnings: The role of accruals estimation errors”. The Accounting Review, 77 (Supplement), 35-59.
10. Dechow, P.M., Hutton, A.P., Kim, J.H., Sloan, R.G., (2012). “Detecting earnings management:  a new approach”. Journal of Accounting Research. 50, 275–334

11. Ecker, F., Francis, J., Kim, T., Olsson, P. and Schipper, K. (2005). “A returns-based representation of earnings quality”. Duke University working paper . Rerieved March 14, 2006, from http:// www.ebsco.com.

12. Francis, J., Allen, H., Rajgopal, S., & Amy, Y. (2008). “CEO Reputation and Earnings Quality”. Contemporary Accounting Research, 25 (1) , 109-147.

13. Francis, J., LaFond, R., Olsson, P., & Schipper, K. (2005). “The market pricing of accruals quality”. Journal of Accounting and Economics , 39 , 295-327.

14. Francis, J., Olsson, P., & Schipper, k. (2004). “Costs of equity and earnings attributes”. The Accounting Review, 79 , 967-1010.

15. Garcia Lara, J., Garcia Osma, B., & Neophytou, E. (2009). “Earnings quality in ex-post failed firm”. Accounting and Business Research, 39(2) , 119-138.

16. Gul, F. A, Lung, S & Srinidhi, B. (2003). “The effect of investment opportunity set and debt level on earnings–returns relationship and the pricing of discretionary accruals”. Unpublished Working Paper.

17. Healy, M.P., & Wahlen, M.J. (1999). “A review of the earnings management literature and its implications for standard setting”. Accounting Horizons, 13 (4) , 365-383.

18. Jiraporn, P., Miller, G., Yoon, S. S., & Kim, Y. S. (2008). “Is earnings management opportunistic or beneficial? An agency theory perspective”. International Review of Financial Analysis,17(3) , 622–634.

19. Jones, J.J. (1991). “Earnings management during import relief investigations”. The Journal of Accounting Research, 29 (2) , 193-228.

20. Kormendi, R & Lipe, R. (1987). “Earnings innovations, earnings persistence, and stock returns”. Journal of Business,60 , 323-345.

21. Kothari, S.P., Leone, L.A., & Wasley, E.C. (2005). “Performance matched discretionary accruals measures”. Journal of Accounting and Economics, 39 (1) , 163-197.

22. Krishnan, G. (2003). “Audit quality and the pricing of discretionary accrual”. Auditing, 22, 109-126.

23. Li, F., Abeysekera, I., & Ma, S. (2011). “Earnings management and the effect of earnings quality in relation to stress level and bankruptcy level of Chinese listed firms”. Corporate Ownership and Control, 9(1) , 366-391.http:// www.ssrn.com.

24. Lipe, R. (1990). “The relation between stock return and accounting earnings given alternative information”. The Accounting Review, 65 , 49-71.

25. Lo, K. (2008). “Earnings management and earnings quality”. Journal of Accounting & Economics, 45 , 350-357.

26. Penman, S.H., & Zhang, X.J. (2002). “Accounting conservatism, the quality of earnings,and stock returns”. The Accounting Review, 77, 237-264.

27. Revsine, L .Collin, Johnson, B. (1999). “financial reporting and analysts, prentice hall, upper saddle reviver”, New Jersey, p .988.

28. Richardson, S .Sloan, R.Soliman, M. Tuna, I. (2001). “Information in accruals about the quality of earnings”, working paper university of Michigan business school, Ann Arbor, p.52.

29. Rosner, R. (2003). “Earning manipulation in failing firms”. Contemporary Accounting Research,20(2) , 361-408.

30. Schipper, K. (1989). “Commentary on earnings management”. Accounting Horizons, 3 (4) , 91–102.

31. Schipper, K., & Vincent, L. (2003). “Earnings quality”. Accounting Horizons, (Supplement)97-111.

32. Scott, R. W. (2000). Financial accounting theory, 2nd Ed. New Jersey: Prentice Hall.

33. Siregar,V.S., & Utama, S. (2008). “Type of earnings management and the effect of ownership structure: firm size, and corporate governance practice: evidence from Indonesia”. The International Journal of Accounting, 43, 1-27.

34. Subramanyam, K. (1996). “The pricing of discretionary accruals”. Journal of Accounting and Economics, 22 , 249-281.

آمار
تعداد مشاهده مقاله: 4,593
تعداد دریافت فایل اصل مقاله: 6,067





سامانه مدیریت نشریات علمی. قدرت گرفته از سیناوب