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Witter, Tobias; Sellhorn, Thorsten; Müller, Jens; … - 2022

We investigate how managers smooth volatility in balance sheets, using the pension accounting change IAS 19R as a shock … to balance sheet volatility. This shock increases pension plans’ funding transparency, which is the source of volatility … to mitigate volatility at this source, but also plan settlements increase drastically. The volatility of accruals …

Persistent link: https://www.econbiz.de/10014235682

Earnings Quality

Nissim, Doron - 2021

This monograph provides a thorough review of earnings quality issues and analysis. Its primary objectives are to help gain a deep understanding of earnings quality and facilitate the development of comprehensive, granular, and contextual earnings quality indicators and analyses. While there are...

Persistent link: https://www.econbiz.de/10013234184

Accounting policies in the function of quality assessment of financial statements

Raičević, Jelena - In: Ekonomske teme 59 (2021) 3, pp. 357-373

Financial statements represent an instrument by which relevant information about a company is passed on to its users. Based on the information presented in the financial statements, i.e. information on the financial position and performance of the company, and generated cash flows and capital,...

Persistent link: https://www.econbiz.de/10012888111

Strategic Balance Sheet Adjustments Under First-Time IFRS Adoption and the Consequences for Earnings Quality

Garcia Osma, Beatriz - 2011

transitioning from local GAAP to IFRS, firms can make strategic balance sheet adjustments that in turn affect future reported … earnings. We predict that earnings quality after IFRS adoption depends on the measurement and recognition choices made at the … time of first-time IFRS adoption. When firms “clean up” the balance sheet by eliminating accumulated accruals bloat they …

Persistent link: https://www.econbiz.de/10013131828

The Enron Scandal (Slides)

Hodak, Marc - 2009

Enron's collapse is generally viewed as a morality tale - the natural result of managerial greed, a clueless board, and feckless gatekeepers. But none of these aspects of the story clearly distinguishes Enron from other major firms during the bubble era of the late 90s. This material identifies...

Persistent link: https://www.econbiz.de/10014050120

The Impact of Real Earnings Management on Cybersecurity : Evidence from Data Breaches

Chen, Wen; Li, Xing; Wu, Haibin; Zhang, Liandong - 2020

Using a large sample of U.S. firms for the period 2005–2017, we provide evidence that real earnings management activities contribute to corporate cybersecurity risk. Specifically, we show that abnormal cuts in discretionary expenditures, our proxy for real earnings management, are positively...

Persistent link: https://www.econbiz.de/10014103255

Blockholder Exit Threats and Financial Reporting Quality

Dou, Yiwei - 2016

Recent theoretical and empirical studies suggest that blockholders (shareholders with ownership ≥ 5%) exert governance through the threat of exit. Blockholders have strong incentives to gather private information and sell their shares when managers are perceived to underperform. To prevent...

Persistent link: https://www.econbiz.de/10013006858

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

Individual Large Shareholders, Earnings Management, and Capital Market Consequences

Dou, Yiwei - 2016

Using a large hand-collected sample of all blockholders (ownership ≥ 5%) of S&P 1500 firms for the years 2002–2009, we first document significant individual blockholder effects on earnings management (accrual-based earnings management, real earnings management, and restatements). This...

Persistent link: https://www.econbiz.de/10013007435

Does Profitability Really Matter? Marginality, Volatility & $ Trillion Question

Muthusamy, Senthil Kumar - 2020

Firm Profitability - Does it really matter for shareholder return or ROE (return on equity)? Does this question sound oxymoron and antithetic? Not really. On the contrary, evidence has surfaced that Returns on equity - based on the shareholders' equity accounted in the balance sheet - is not...

Persistent link: https://www.econbiz.de/10012841357