DETECTING EARNINGS MANAGEMENT
作者： P Dechow , R Sloan , A P Sweeney
DOI:
关键词: Earnings quality 、 Earnings response coefficient 、 Statistical hypothesis testing 、 Financial performance 、 Null hypothesis 、 Big bath 、 Accrual 、 Earnings management 、 Economics 、 Econometrics
摘要: This paper evaluates alternative accrual-based models for detecting earnings management. The evaluation compares the specification and power of commonly used test statistics across measures discretionary accruals generated by provides following major insights. First, all appear well specified when applied to a random sample firm-years. Second, generate tests low management economically plausible magnitudes (e.g., one five percent total assets). Third, reject null hypothesis no at rates exceeding test-levels samples firms with extreme financial performance. result highlights importance controlling performance investigating stimuli that are correlated Finally, modified version model developed Jones (1991) exhibits most in
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