碩士 / 國立中興大學 / 財務金融系所 / 102 / This paper aims to investigate whether earnings management behavior during global financial crisis is different from the non-financial crisis period. We use discretionary accruals and real activities earnings management to measure the magnitude of earnings management respectively.
In the trend charts, the managers of enterprises tend to reduce the magnitude of earnings management by discretionary accruals but the magnitude of earnings management by real activities would increase and more than ever. Therefore, we infer that there is a substitution relationship between discretionary accruals and manipulation of real activities. This study test further the inference by two-sample t-test, the resultis consistent with the former.
Moreover, we also explore whether the factors of earnings management indistinct sample period are different. Empirical results demonstrate that no matter what manner we measure the magnitude of earnings management, the number of analysts who tracing the enterprise is more, the magnitude of earnings management is less. Furthermore, in the period before the financial crisis, sample with higher financial leverage, its magnitude of earnings management is higher. On the other hand, in the period after the financial crisis, sample with higher financial leverage, then its magnitude of earnings management is lower.
| Identifer | oai:union.ndltd.org:TW/102NCHU5304009 |
| Date | January 2014 |
| Creators | Wei-Shan Cheng, 鄭瑋姍 |
| Contributors | 陳育成 |
| Source Sets | National Digital Library of Theses and Dissertations in Taiwan |
| Language | zh-TW |
| Detected Language | English |
| Type | 學位論文 ; thesis |
| Format | 40 |
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