The Role of Earnings Management in Theoretical Development and Improving the Efficiency of Accounting-Based Financial Distress Prediction Models
- سال انتشار: 1400
- محل انتشار: فصلنامه پیشرفتهایی در ریاضیات مالی و کاربردها، دوره: 6، شماره: 3
- کد COI اختصاصی: JR_AMFA-6-3_011
- زبان مقاله: انگلیسی
- تعداد مشاهده: 202
نویسندگان
Department of Accounting, Sari Branch, Islamic Azad University, Sari, Iran
Department of Accounting, Sari Branch, Islamic Azad University, Sari, Iran
Department of Accounting, Sari Branch, Islamic Azad University, Sari, Iran
چکیده
Examining the theoretical foundations of earnings management shows that companies have stronger incentive to use earnings management at the pre-bankruptcy stage. Consequently, accounting-based determinants retrieved from financial statements may be biased factors for financial distress. In this paper, we investigate whether taking into account real earnings management improves specification of accounting-based financial distress prediction models. We test whether the inclusion of such attributes in bankruptcy prediction models improves their predictive ability. We use a sample of listed manufacturing companies in the Iran Stock Exchange during ۲۰۰۸ - ۲۰۱۷. Our findings suggest that the inclusion of earnings management significantly increases the predictive ability of accounting-based financial distress prediction models. Our results show that the real earnings management can provide predictive signals concerning a financial distress and that an abnormal cash flow which proxies for real earnings management can play a relevant role in early warnings of financial distress. These results are of interest to market participants, auditors, regulating authorities, banks and other financial institutions that are interested in financial distress assessmentکلیدواژه ها
Accounting-Based model, Financial Distress Prediction, Real Earnings Management, Z_Score Modelاطلاعات بیشتر در مورد COI
COI مخفف عبارت CIVILICA Object Identifier به معنی شناسه سیویلیکا برای اسناد است. COI کدی است که مطابق محل انتشار، به مقالات کنفرانسها و ژورنالهای داخل کشور به هنگام نمایه سازی بر روی پایگاه استنادی سیویلیکا اختصاص می یابد.
کد COI به مفهوم کد ملی اسناد نمایه شده در سیویلیکا است و کدی یکتا و ثابت است و به همین دلیل همواره قابلیت استناد و پیگیری دارد.