This paper examines the relation between managerial ownership and the quality of accounting information in an emerging market. It is hypothesized that the relation between managerial ownership and earnings’ explanatory power of returns is negative and different from that documented in developed markets due to a unique institutional setting, leading to relatively high agency conflicts and inform...

The accruals anomaly, demonstrated by Sloan (1996), generated significant excess returns consistently for over four decades until 2002. Since then, the accruals anomaly has apparently disappeared. In this paper, I argue that one factor responsible for this decline is the increasing incidence of analysts’ cash flow forecasts which has provided markets with information about likely future accrual...

This study explores the incremental roles of accruals and net operating cash flows in generating abnormal returns using quarterly and rolling four-quarter data for the entire population of firms, as well as specific industries. Our results show that quarterly net operating cash flow (OCF) is a stronger signal about subsequent quarter’s returns than accruals, and that this result is also true fo...

We extend Dechow and Dichev’s [2002] model of current accruals quality (CAQ) to consider total accruals quality (TAQ). While the two measures are conceptually similar (both reflect the standard deviation of the residuals from the mapping of accruals into lead and lag cash flows), they differ in terms of the definitions of accruals and cash flows as well as the number of lead and lag cash flow t...

This study presents empirical evidence concerning the effect of different accounting standard on earnings management. Prior studies have shown that accounting standards influence earnings management. Tighter accounting standards regime restricts management’s descretion to manipulate accruals, and at the same time, induce more costly real earnings management activities. To investigate this iss...

Research background: An initial public offering (IPO) creates an excellent opportunity to research the impact of changes in institutional environment companies on trustworthiness information disclosed financial statements.
 Purpose article: The main aim study is analyze use accrual and real earnings management inflate earnings, revenue, or total assets around going event. Therefore, this p...

This study examines accrual earnings management in Vietnamese listed firms around equity issuances. Using a matching approach, we find that issuers tend to report higher by aggressive recognition of discretionary current accruals before and during the years offering. results significantly larger abnormal stock returns for issuing firm-years, as capital market overvalues with earnings. However, ...

Penelitian ini bertujuan untuk mengetahui pengaruh ukuran dan leverage terhadap manajemen laba dengan CSR sebagai variabel intervening. Manajemen dependen diukur discretionary accruals. Ukuran, (Corporate Social Responsibility) independen. Ukuran kapitalisasi pasar, debt to equity ratio. Sedangkan Corporate Responsibility menggunakan indeks dari penelitian Tong (2017) yang mengacu pada Global R...

We use MD&A disclosures to predict current-year firm-level accruals using support-vector regressions. We call these predictions MD&A accruals. Our aim is to measure the explanatory power of MD&A disclosures for liquidity and critical accounting choices. We find that MD&A accruals explain a statistically and economically significant portion of firm-level accruals and identify more persistent acc...