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questionable because of the opportunistic behaviour of the company’s management. This study aims to analyse the effect of accrual … study found that accrual earnings management, real earnings management, and family control variables affect the Z …
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This study examines the extent to which incorporating current-period and/or cumulative real activities earnings management in default models enhances their predictability. Aiming at Altman's (1968) Z-score as well as Ohlson's (1980) O-score predictors, such adjustments help mitigate the...
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This study explores whether taking into account variables for real earnings management improves specification of the default prediction model based on the Z-score methodology for Chinese listed companies. We demonstrate that the Z-score model proposed by Altman (1968) overestimates the survival...
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I apply Wang's (2012) earnings forecasting framework to examine if the lower persistence of accruals in an unrestricted model of earnings dynamics (UM) implies the superiority of a restricted model (RM). In particular, I specify reported earnings in terms of respective expected earnings of UM...
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Are analysts’ forecasts driven by cash flows or earnings? When and how do analysts incorporate accruals in their forecast? This study finds that the first analysts’ forecasts for the future quarter are associated more with cash-driven prediction, which is future earnings prediction based on...
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Aim of this study is studying relation of management earnings forecast error and information content of accruals. Thus, the sample consists of 71 companies were selected for the period 2003-2011. In this study discretionary accruals is used as independent variables. The results suggest that...
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