دانلود رایگان مقاله انگلیسی مدیریت درآمد واقعی، محیط سازمانی و عملکرد عامل آینده - الزویر 2018

عنوان فارسی
مدیریت درآمد واقعی، محیط سازمانی و عملکرد عامل آینده: یک مطالعه بین المللی
عنوان انگلیسی
Real Earnings Management, Institutional Environment, and Future Operating Performance: An International Study
صفحات مقاله فارسی
0
صفحات مقاله انگلیسی
21
سال انتشار
2018
نشریه
الزویر - Elsevier
فرمت مقاله انگلیسی
PDF
نوع نگارش
مقالات پژوهشی (تحقیقاتی)
رفرنس
دارد
کد محصول
E10769
رشته های مرتبط با این مقاله
مدیریت، اقتصاد
گرایش های مرتبط با این مقاله
مدیریت مالی، مدیریت عملکرد، مدیریت کسب و کار، اقتصاد مالی
مجله
مجله بین المللی حسابداری - International Journal of Accounting
دانشگاه
School of Accountancy - Massey University Albany - North Shore Mail Centre - New Zealand
کلمات کلیدی
مدیریت درآمد واقعی، محیط سازمانی، عملکرد شرکت
doi یا شناسه دیجیتال
https://doi.org/10.1016/j.intacc.2018.02.004
۰.۰ (بدون امتیاز)
امتیاز دهید
چکیده

ABSTRACT


This paper investigates the association between firms' engagement in real activities manipulation (hereafter REM) on future firm performance in an international setting, and whether the association is conditional upon country-level institutional factor. Our inquiry is motivated by a paucity of research on the consequences of REM in an international setting. Using a large sample over the period of 2001 to 2015, we find that current-period REM is positively associated with future performance: a finding that is consistent with Gunny (2010) in the US. Importantly, we find that the positive performance effect is driven by firms operating in countries with strong institutional environments. Finally, we find that future operating performance improves when REM is undertaken by firms in strong institutional environments only during a non-economic crisis period, but not during an economic crisis period. The paper adds to the existing REM literature by showing a non-monotonic effect of REM on future performance that is conditional on the strength of a country's institution. We also contribute to the accounting information and crisis literature by documenting a time-variant effect of REM on future performance.

نتیجه گیری

Conclusion


This paper examine whether the effect of REM on future performance varies with the strength of the country-level institutional environment. We find that although REM is generally associated with firms' future performance positively, this positive effect is mainly attributable to countries with a strong institutional environment. In addition, the positive effect of strong institutions on future firm performance in the presence of REM is more pronounced during non-economic crisis periods than in economic crises. Our study adds to the REM literature by focusing on the future performance effects of REM internationally. Although prior research has investigated the determinants of REM internationally, this paper is the first to test the performance implications of REM in an international setting. We also contribute to the accounting information and crisis literature by documenting a varying effect of REM on future performance during economic boom versus economic crisis periods.


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