The dynamic of financial crises and its non-monotonic effects on earnings quality

Despite the wealth of research examining earnings quality and earnings management, we still have much to learn about the effects of macroeconomic factors on accounting discretion’s decisions; the recent financial crises may be one of such factors. Nevertheless, the extant literature is inconclusive...

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Detalles Bibliográficos
Autores: Imperatore, Claudia, Trombetta, Marco
Tipo de recurso: artículo
Fecha de publicación:2014
País:España
Institución:IE
Repositorio:Repositorio IE
OAI Identifier:oai:repositorio.ie.edu:20.500.14417/2880
Acceso en línea:https://doi.org/10.1016/j.jaccpubpol.2014.02.002
https://hdl.handle.net/20.500.14417/2880
Access Level:acceso abierto
Palabra clave:53 Ciencias Económicas
ODS 8 - Trabajo decente y crecimiento económico
ODS 10 - Reducción de las desigualdades
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spelling The dynamic of financial crises and its non-monotonic effects on earnings qualityImperatore, ClaudiaTrombetta, Marco53 Ciencias EconómicasODS 8 - Trabajo decente y crecimiento económicoODS 10 - Reducción de las desigualdadesDespite the wealth of research examining earnings quality and earnings management, we still have much to learn about the effects of macroeconomic factors on accounting discretion’s decisions; the recent financial crises may be one of such factors. Nevertheless, the extant literature is inconclusive about the direction of the relationship between earnings quality and economic downturn. In this study, we focus on the extent to which organizational survival may be an objective of earnings management. In this manner, we add to research considering earnings target as an objective of earnings manipulation. Furthermore, our results suggest that these objectives likely change as crisis becomes worse. Consequently, we argue that the relationship between financial crises and earnings management is non-monotonic. Earnings management decreases when the intensity of the crisis is low, while it increases when the crisis is acute.yesPublishedElsevierhttps://ror.org/02jjdwm75202420242014info:eu-repo/semantics/articleapplication/pdfapplication/pdfhttps://doi.org/10.1016/j.jaccpubpol.2014.02.002https://hdl.handle.net/20.500.14417/2880reponame:Repositorio IEinstname:IEInglésIE Business SchoolIE UniversityAccounting & Management ControlAttribution-NoDerivs-NonCommercial 1.0 Generichttps://creativecommons.org/licenses/by-nd-nc/1.0/legalcodeinfo:eu-repo/semantics/openAccessoai:repositorio.ie.edu:20.500.14417/28802026-06-15T12:40:57Z
dc.title.none.fl_str_mv The dynamic of financial crises and its non-monotonic effects on earnings quality
title The dynamic of financial crises and its non-monotonic effects on earnings quality
spellingShingle The dynamic of financial crises and its non-monotonic effects on earnings quality
Imperatore, Claudia
53 Ciencias Económicas
ODS 8 - Trabajo decente y crecimiento económico
ODS 10 - Reducción de las desigualdades
title_short The dynamic of financial crises and its non-monotonic effects on earnings quality
title_full The dynamic of financial crises and its non-monotonic effects on earnings quality
title_fullStr The dynamic of financial crises and its non-monotonic effects on earnings quality
title_full_unstemmed The dynamic of financial crises and its non-monotonic effects on earnings quality
title_sort The dynamic of financial crises and its non-monotonic effects on earnings quality
dc.creator.none.fl_str_mv Imperatore, Claudia
Trombetta, Marco
author Imperatore, Claudia
author_facet Imperatore, Claudia
Trombetta, Marco
author_role author
author2 Trombetta, Marco
author2_role author
dc.contributor.none.fl_str_mv https://ror.org/02jjdwm75
dc.subject.none.fl_str_mv 53 Ciencias Económicas
ODS 8 - Trabajo decente y crecimiento económico
ODS 10 - Reducción de las desigualdades
topic 53 Ciencias Económicas
ODS 8 - Trabajo decente y crecimiento económico
ODS 10 - Reducción de las desigualdades
description Despite the wealth of research examining earnings quality and earnings management, we still have much to learn about the effects of macroeconomic factors on accounting discretion’s decisions; the recent financial crises may be one of such factors. Nevertheless, the extant literature is inconclusive about the direction of the relationship between earnings quality and economic downturn. In this study, we focus on the extent to which organizational survival may be an objective of earnings management. In this manner, we add to research considering earnings target as an objective of earnings manipulation. Furthermore, our results suggest that these objectives likely change as crisis becomes worse. Consequently, we argue that the relationship between financial crises and earnings management is non-monotonic. Earnings management decreases when the intensity of the crisis is low, while it increases when the crisis is acute.
publishDate 2014
dc.date.none.fl_str_mv 2014
2024
2024
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://doi.org/10.1016/j.jaccpubpol.2014.02.002
https://hdl.handle.net/20.500.14417/2880
url https://doi.org/10.1016/j.jaccpubpol.2014.02.002
https://hdl.handle.net/20.500.14417/2880
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv IE Business School
IE University
Accounting & Management Control
dc.rights.none.fl_str_mv Attribution-NoDerivs-NonCommercial 1.0 Generic
https://creativecommons.org/licenses/by-nd-nc/1.0/legalcode
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Attribution-NoDerivs-NonCommercial 1.0 Generic
https://creativecommons.org/licenses/by-nd-nc/1.0/legalcode
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier
publisher.none.fl_str_mv Elsevier
dc.source.none.fl_str_mv reponame:Repositorio IE
instname:IE
instname_str IE
reponame_str Repositorio IE
collection Repositorio IE
repository.name.fl_str_mv
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