Results 141 to 150 of about 141,734 (182)
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Discretionary Accruals and the Emergence of Profitability
Journal of Accounting, Auditing & Finance, 2009This study examines discretionary accruals associated with firms' reaching profitability after a series of quarterly losses. As firms approach profitability, we posit they will be characterized with less income increasing discretion given the reversing nature of accruals. We find results consistent with this expectation.
Michael Mosebach, Paul J. Simko
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Industry-Specific Discretionary Accruals and the Accrual Anomaly
SSRN Electronic Journal, 2012I motivate and implement a methodology that decomposes a firm’s discretionary accruals into a firm-specific and an industry-specific component. I find that the “accruals anomaly” (Sloan 1996) – the finding that firms with high discretionary accruals subsequently earn negative abnormal returns – is driven by firm-specific discretionary accruals.
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Audit Quality and the Pricing of Discretionary Accruals
SSRN Electronic Journal, 2002Accrual-based earnings is considered superior to cash flows. Accruals allow managers to communicate their private and inside information and thereby improve the ability of earnings to reflect underlying economic value. However, managers could engage in aggressive reporting of accruals that would seriously undermine the informativeness of reported ...
Linck, James S. +2 more
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The Stewardship Role of Analyst Forecasts, and Discretionary Versus Non-discretionary Accruals
European Accounting Review, 2011We examine the interaction between discretionary and non-discretionary accruals in a stewardship setting. Contracting includes multiple rounds of renegotiation based on contractible accounting information and non-contractible but more timely non-accounting information.
Christensen, Peter Ove +2 more
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Do discretionary accruals affect firms’ corporate dividend policy? Evidence from France
Journal of Financial Reporting & Accounting, 2018Purpose In financial literature, dividend payout decisions are determined by factors such as debt, liquidity, profitability, size and risk. The purpose of this paper is to identify the effect of earnings management measured by discretionary accruals ...
A. B. Amar, Olfa Ben Salah, Anis Jarboui
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Research Design Issues in Studies Using Discretionary Accruals
Abacus. A Journal of Accounting and Business Studies, 2018Because discretionary accruals are known to be noisy proxies of earnings management that often produce biased results, we argue that a correlation between discretionary accruals and a hypothesized factor is generally not an adequate basis for valid ...
M. McNichols, Stephen R. Stubben
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Auditor characteristics and the pricing of discretionary accruals
International Journal of Economics and Accounting, 2013This study examines whether the investors’ interpretation of discretionary accruals is impacted by auditor characteristics, namely auditor industry specialisation, the auditor/client economic bonding, and auditor tenure. The empirical results confirm our argument that investors do not perceive audit quality to be uniform within the Big 4 auditors. They
Wael Aguir, Sharad Asthana, Linxiao Liu
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External auditor type, discretionary accruals and investors’ reactions
Journal of Accounting in Emerging Economies, 2018Purpose The purpose of this paper is to investigate, in an Egyptian context, the external auditor type (Big 4 vs local) implications on reporting quality proxied by discretionary accruals (DA) and also examine whether auditor type impacts the market’s ...
S. Abdallah
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Predicting Stock Market Returns with Aggregate Discretionary Accruals
SSRN Electronic Journal, 2006ABSTRACTWe find that the positive relation between aggregate accruals and one‐year‐ahead market returns documented in Hirshleifer, Hou, and Teoh [2009] is driven by discretionary accruals but not normal accruals. The return forecasting power of aggregate discretionary accruals is robust to choices of sample periods, return measurements, estimation ...
Qi, R, Kang, Q, Liu, Q
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The role of discretionary pension accruals in earnings management
, 2020PurposeManagers of defined-benefit (DB) firms have considerable discretion in deriving pension costs and flexibility in cash contributions to pension plans. Pension accruals occur when cash contributions differ from pension costs.
Su‐Jane Hsieh, Yu Su, C. Chang
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