The Impact of Leverage on Real Earnings Management

被引：52

作者：

Zamri, Norhayati ^{[1
]}

Rahman, Rahayu Abdul ^{[1
]}

Isa, Noor Saatila Mohd ^{[1
]}

机构：

[1] Univ Teknol MARA, Fac Accountancy, Seri Iskandar 32610, Perak, Malaysia

来源：

INTERNATIONAL CONFERENCE ON ECONOMICS AND BUSINESS RESEARCH 2013 (ICEBR 2013) | 2013年 / 7卷

关键词：

Real activities manipulation; earnings management; leverage; abnormal cash flow; abnormal production cost; abnormal discretionary expenses; FREE CASH FLOW; PERFORMANCE;

D O I：

10.1016/S2212-5671(13)00222-0

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The primary aim of this study is to examine the association between leverage and Real Earnings Management (REM) activities. It analyses how leverage is able to reduce earnings management (EM). This study uses Abnormal Cash Flow from Operation, Abnormal Production Cost and Abnormal Discretionary Expenses model by Roychowdhury, 2006, as a proxy for REM. Using a sample of 3,745 firm-year observations for the period of 2006-2011, which listed on Bursa Malaysia, the study find that a significant negative association between leverage and REM. The finding reveals that leveraged firms have lower levels of REM. This supports the view that leverage limits the REM activities, which in turn, could affect the quality of accounting earnings. (C) 2013 The Authors. Published by Elsevier B.V.

引用

页码：86 / 95

页数：10

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