A comparison of earnings persistence in high-tech and non-high-tech firms

被引：11
|
作者：
Kwon S.S. [1 ]
Yin J. [2 ]
机构：
[1] School of Administrative Studies, York University, Toronto, M3J 1P3, ON
[2] Department of Accounting, College of Business, University of Texas at San Antonio, San Antonio, 78249-0632, TX
来源：
Review of Quantitative Finance and Accounting | 2015年 / 44卷 / 4期
关键词：
Conservatism; Earnings management; Earnings persistence; High-tech firms;
D O I：
10.1007/s11156-013-0421-5
中图分类号：
学科分类号：
摘要：
This paper examines systematic differences in earnings persistence between high-tech (HT) and non-high-tech (NHT) firms in the presence of economic- and accounting-driven factors. We document that (1) HT firms, relative to NHT firms, show lower levels of earnings persistence, even after economic and accounting factors identified in prior research are controlled; (2) the type of HT products (durables) increases earnings persistence; and (3) the association between earnings persistence and discretionary accruals is higher in HT firms, possibly because HT mangers use discretionary accruals to convey private information about future cash flows. © 2013, Springer Science+Business Media New York.
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页码：645 / 668
页数：23
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