Earnings management and cross listing: Are reconciled earnings comparable to US earnings?

被引：373

作者：

Lang, Mark ^{[1
]}

Raedy, Jana Smith

Wilson, Wendy

机构：

[1] Univ N Carolina, Kenan Flager Business Sch, Chapel Hill, NC 27599 USA

[2] So Methodist Univ, Sch Business, Dallas, TX 75275 USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2006年 / 42卷 / 1-2期

关键词：

international accounting; earnings management; cross-listing;

D O I：

10.1016/j.jacceco.2006.04.005

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We compare US firms' earnings with reconciled earnings for cross-listed non-US firms. Non-US firms' earnings exhibit more evidence of smoothing, greater tendency to manage towards a target, lower association with share price and less timely recognition of losses. Firms from countries with weaker investor protection show more evidence of earnings management, suggesting that SEC regulation does not supplant the effect of local environment. There is more evidence of earnings management for firms reconciling to US GAAP than for those preparing local accounts in accordance with US GAAP, but both show more evidence of earnings management than US firms. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：255 / 283

页数：29

共 30 条

[1] A COMPARISON OF THE VALUE-RELEVANCE OF UNITED-STATES VERSUS NON-UNITED-STATES GAAP ACCOUNTING MEASURES USING FORM-20-F RECONCILIATIONS [J].

AMIR, E ;

HARRIS, TS ;

VENUTI, EK .

JOURNAL OF ACCOUNTING RESEARCH, 1993, 31 :230-264

[2] The effect of international institutional factors on properties of accounting earnings [J].

Ball, R ;

Kothari, SP ;

Robin, A .

JOURNAL OF ACCOUNTING & ECONOMICS, 2000, 29 (01) :1-51

[3] Incentives versus standards: properties of accounting income in four East Asian countries [J].

Ball, R ;

Robin, A ;

Wu, JS .

JOURNAL OF ACCOUNTING & ECONOMICS, 2003, 36 (1-3) :235-270

[4]

Ball R., 2001, Brookings-Wharton Papers on Financial Services, P127

[5] The relevance of the value relevance literature for financial accounting standard setting: another view [J].

Barth, ME ;

Beaver, WH ;

Landsman, WR .

JOURNAL OF ACCOUNTING & ECONOMICS, 2001, 31 (1-3) :77-104

[6] The conservatism principle and the asymmetric timeliness of earnings [J].

Basu, S .

JOURNAL OF ACCOUNTING & ECONOMICS, 1997, 24 (01) :3-37

[7]

BRADSHAW M, 2004, WILL HARMONIZING ACC

[8]

BREEDEN R, 1994, FORDHAM INT LAW J, V17

[9] Use of R2 in accounting research:: measuring changes in value relevance over the last four decades [J].

Brown, S ;

Lo, K ;

Lys, T .

JOURNAL OF ACCOUNTING & ECONOMICS, 1999, 28 (02) :83-115

[10] Earnings management to avoid earnings decreases and losses [J].

Burgstahler, D ;

Dichev, I .

JOURNAL OF ACCOUNTING & ECONOMICS, 1997, 24 (01) :99-126

← 1 2 3 →