Title: Earnings Management and Accruals Pricing Efficiency
Abstract:Taking listed companies in China as research objects,the paper studies the effect of accrual-based earnings management and real earnings management on the accruals pricing efficiency.The authors find ...Taking listed companies in China as research objects,the paper studies the effect of accrual-based earnings management and real earnings management on the accruals pricing efficiency.The authors find that the behaviors of the managers' earning management lead to the accruals anomaly.Further analysis also shows that both accrual-based earning management and real earning management make the accruals mispricing more significant,the real earning management even makes the cash mispricing more significant.The findings in this paper provide deeply understand and enlightenment for the reason of accruals anomaly and the economic consequences of earnings management.Read More
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
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