Please use this identifier to cite or link to this item: https://ah.nccu.edu.tw/handle/140.119/81085


Title: Earnings management through real activities choices of firms near the investment–speculative grade borderline
Authors: 陳宇紳
Brown, Kareen;Chen, Vincent Y.S.;Kim, Myungsun
Contributors: 會計系
Date: 2015-02
Issue Date: 2016-02-03 10:23:21 (UTC+8)
Abstract: We examine whether manufacturing firms manage earnings through real activities for credit rating concerns. By using Standard & Poor’s Rating Service (S&P) credit rating data between 1989 and 2009, we find that manufacturing firms in the rating categories near the investment–speculative borderline, that is, BBB and BB ratings, choose the most aggressive income-increasing real operating activities. The credit rating agency does not appear to discount the managed portion of earnings if it is managed through real activities. Our results suggest that the investment–speculative-grade borderline created by the explicit use of this dichotomy in various regulations and practices is an important threshold that influences management’s real earnings management decisions.
Relation: Journal of Accounting and Public Policy,34(1),74-94
Data Type: article
DOI 連結: http://dx.doi.org/10.1016/j.jaccpubpol.2014.09.002
Appears in Collections:[資訊管理學系] 期刊論文

Files in This Item:

File Description SizeFormat
1-s2.0-S0278425414000830-main.pdf485KbAdobe PDF427View/Open


All items in 學術集成 are protected by copyright, with all rights reserved.


社群 sharing