Detail The manipulation content of accruals and discretionary accrual proxies Bibliografi Author: Hansen, Glen Arthur ; Kothari, S.P. (Advisor) Topik: BUSINESS ADMINISTRATION; ACCOUNTING|ECONOMICS; COMMERCE-BUSINESS|ECONOMICS; FINANCE Bahasa: (EN )    ISBN: 0-591-59274-6     Penerbit: THE UNIVERSITY OF ROCHESTER     Tahun Terbit: 1997     Jenis: Theses - Dissertation Fulltext: 9808885.pdf (0.0B; 10 download) Abstract A central debate in the theory and practice of accounting concerns the role of accruals in determining reported earnings. The debate focuses on whether managerial discretion over accruals distorts or improves the earnings' usefulness. Many studies suggest managers use discretionary accruals to manipulate earnings. This paper provides evidence that accruals are primarily efficient and contain little manipulation. Evidence also indicates that estimates of discretionary accruals commonly used in the earnings management literature contain little manipulation. The empirical findings are robust to alternative research designs, including using (a) different deflators, (b) a time-series instead of a cross-sectional framework, (c) future aggregate operating cashflows instead of future aggregate earnings as the dependent variable, (d) subsamples sorted by initial levels of earnings and unrecorded assets. Simulation analyses suggest that the findings are not dependent on stringent theoretical assumptions. Simulations indicate that the theoretical predictions are not sensitive to differences in survival bias, earnings growth, or assumptions about the managerial incentives motivating earnings manipulation as long as there are reasonable bounds on the amount of cumulative manipulation that managers can undertake. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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