Real Earnings Management and Future Performance: Testing the Life-cycle Hypothesis
學年 101
學期 1
發表日期 2012-09-24
作品名稱 Real Earnings Management and Future Performance: Testing the Life-cycle Hypothesis
作品名稱（其他語言）
著者 Shiue, Min-Jeng; Chang, Yu-Shan; Jhu, Li-Ying
作品所屬單位 淡江大學會計學系
出版者
會議名稱 2013 AAA Annual Meeting and Conference
會議地點 Anaheim, CA, USA
摘要 This study focuses on the extent to which evidence of real earnings management (REM) differs between firms in various stages of their life cycles as well as between various levels of operating performance subsequent to REM. To investigate the adoption of REM for firms in different stages of their life cycles, we employ the method for classifying life-cycle stages. We find that firms in the growth stage adopt REM to a lesser degree than those in other stages. We also observe that firms engaging in REM have a better one-year-ahead industry-adjusted return on assets relative to firms that do not engage in REM, which partially supports the notion of the signaling mechanism of REM in the growth stage. In addition, we find that firms engaging in REM generally perform worse than firms that do not, particularly those in the mature stage. This is consistent with the assumption of the opportunistic intention of managers who conduct REM.
關鍵字 Real earnings management;Corporate life cycle;Subsequent operating performance
語言 en
收錄於
會議性質 兩岸
校內研討會地點 無
研討會時間 20120924~20120925
通訊作者 Shiue, Min-Jeng
國別 USA
公開徵稿 Y
出版型式 紙本
出處 2013 AAA Annual Meeting and Conference
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/98282 )

機構典藏連結
SDGS 尊嚴就業與經濟發展