Earnings benchmarks en el sector hotelerodeciciones basadas en variables financieras y reales

  1. Parte Esteban, Laura
  2. Such Devesa, María Jesús
Aldizkaria:
Investigaciones europeas de dirección y economía de la empresa

ISSN: 1135-2523

Argitalpen urtea: 2011

Alea: 17

Zenbakia: 1

Orrialdeak: 113-135

Mota: Artikulua

DOI: 10.1016/S1135-2523(12)60047-1 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Beste argitalpen batzuk: Investigaciones europeas de dirección y economía de la empresa

Garapen Iraunkorreko Helburuak

Laburpena

Este trabajo se centra en la gestión del resultado hacia unos umbrales de rentabilidad que se consideran críticos: evitar declarar pérdidas y descensos en resultados, en una muestra de empresas hoteleras. El estudio empírico se divide en dos etapas. En primer lugar, se plantean los histogramas de frecuencias para detectar la existencia de una discontinuidad en torno a cero. En segundo lugar, se analiza la incidencia de los ajustes por devengo discrecionales y otra serie de variables financieras en los intervalos críticos de pequeñas pérdidas (pequeños descensos en resultados) frente a pequeños beneficios (incrementos en resultados). La evidencia empírica obtenida en la muestra de empresas hoteleras no permite rechazar la hipótesis de evitar declarar pequeñas pérdidas. La comparación de las empresas que no alcanzan los umbrales de rentabilidad frente a las que consiguen sobrepasarlos apoya la idea de que existe una conducta diferenciada si se atiende a un conjunto de variables y ratios financieros

Erreferentzia bibliografikoak

  • ALI A., CHEN T.Y., RADHAKRISHNAN S. " Corporate disclosures by family firms" . Journal of Accounting and Economics 2007, 44(1-2):238-286.
  • BABER W., FAIRFIELD P., HAGGARD J. " The effect of concern about reported income on discretionary spending decisions" . The Accounting Review 1991, 66(4):818-829.
  • BALL R., SHIVAKUMAR L. " Earnings quality in UK private firms: comparative loss recognition timeliness" . Journal of Accounting and Economics 2005, 39(1):83-128.
  • BENNETT B., BRADBURY M.E. " An analysis of the reasons for the asymmetries surrounding earnings benchmarks" , working paper http://ssrn.com/abstract=1088818.
  • BERNARD V.L., SKINNER D.J. " What motivates managers' choice of discretionary accruals?" . Journal of Accounting and Economics 1996, 22(1-3):313-325.
  • BURGSTAHLER D., DICHEV I. " Earnings management to avoid earnings decreases and losses" . Journal of Accounting and Economics 1997, 24(1):99-126.
  • BURGSTAHLER D., HAIL L., LEUZ C. " The importance of reporting incentives: earnings management in European private and public firms" . The Accounting Review 2006, 81(5):983-1017.
  • BUSHEE B. " The influence of institutional investors on myopic R&d behaviour" . The Accounting Review 1998, 73(3):305-333.
  • CANO M. " Tamaño del auditor y calidad de auditoría en las empresas españolas no cotizadas" . Revista Española de Financiación y Contabilidad 2007, XXXVI(135, julio-septiembre):481-507.
  • CLAVER E., ANDREU R., QUER D. " La diversificación de las empresas hoteleras españolas: una explicación basada en la teórica de los recursos" . Investigaciones Europeas de Dirección y Economía de la Empresa 2007, 13(1):57-77.
  • COASE R.H. " The Nature of the Firm" . Economica 1937, 16:386-405.
  • COPPENS L., PEEK E. " An analysis of earnings management by European private firms" . Journal of International Accounting, Auditing and Taxation 2005, 14(1):1-17.
  • COULTON J., TAYLOR S., TAYLOR S. " Is benchmark beating by Australian firms evidence of earnings management?" . Accounting and Finance 2005, 45(4):553-576.
  • DEANGELO L. " Auditor independence, 'low-balling,' and disclosure regulation" . Journal of Accounting and Economics 1981, 3(2):113-127.
  • DEANGELO L. " Auditor size and audit quality" . Journal of Accounting and Economics 1981, 3(3):183-189.
  • DECHOW P., SLOAN R.G. " Executive incentives and the horizon problem: an empirical investigation" . Journal of Accounting and Economics 1991, 14(1):51-89.
  • DECHOW P., SLOAN R.G., SWEENEY A.P. " Detecting earnings management" . The Accounting Review 1995, 70(2):193-225.
  • DECHOW P.M., RICHARDSON S.A., TUNA I.A. " Why are earnings kinky? An examination of the earnings management explanation" . Review of Accounting Studies 2003, 8(2-3):355-384.
  • DEFOND M.L., JIAMBALVO J. " Debt covenant violation and manipulation of accruals: accounting choice in troubled companies" . Journal of Accounting and Economics 1994, 17(1-2):145-176.
  • DEGEORGE F., PATEL J., ZECKHAUSER R. " Earnings management to exceed thresholds" . Journal of Business 1999, 72(1):1-33.
  • DONELSON D.C., MCINNIS J.M., MERGENTHALE R.D. " Benchmark-Beating and Earnings Management: Evidence from Restatements Related to Securities Litigation" , working paper http://ssrn.com/abstract=1477599.
  • DURTSCHI C., EASTON P. " Earnings Management? Erroneous Inferences based on Earnings Frequency Distributions" . Journal of Accounting Research 2009, 47(5):1249-1281.
  • DURTSCHI C., EASTON P. " Earnings management? The shapes of the frequency distributions of earnings metrics are not evidence ipso facto" . Journal of Accounting Research 2005, 43(4):557-592.
  • GALLén M.L., GINER B. " La alteración del resultado a través del análisis de la distributión de frecuencias" . Revista Española de Financiación y Contabilidad 2005, 124(enero-marzo):141-181.
  • GARCía OSMA B., GILL DE ALBORNOZ B., GISBERT A. " La investigatión sobre Earnings Management" . Revista Española de Financiación y Contabilidad 2005, 127(octubre-diciembre):1001-1033.
  • GRAHAM J.R., HARVEY C.R., RAJGOPAL S. " The economic implications of corporate financial reporting" . Journal of Accounting Economics 2005, 40(1-3):1-63.
  • HEALY P., WAHLEN J.M. " A review of the earnings management literature and its implications for standard setting" . Accounting Horizons 1999, 13(4):365-383.
  • HOLLAND, D. (2004): " Earnings management: A methodological review of the distribution of reported earnings approach" , working paper, Monash University of Australia.
  • INSTITUTO NACIONAL DE ESTADísTICA (INE) (2009): Directorio Central de Empresas (DIRCE).
  • JACOB J., JORGENSEN B.N. " Earnings management and accounting income aggregation" . Journal of Accounting and Economics 2007, 43(2-3):369-390.
  • JARA M., LópEZ ITURRIAGA F.J. " Earnings management and contest to the control: An analysis of the European family firms" . Journal of Centrum Cathedra 2007, forthcoming.
  • JARA M., LópEZ ITURRIAGA F.J., LópEZ DE FORONDA O. " The contest to the control in European family firms: how other shareholders affect firm value" . Corporate Governance: An internal Reviw 2008, 16(3):146-159.
  • JONES J.J. " Earnings management during import relief investigations" . Journal of Accounting Research 1991, 29(2):193-228.
  • KAHNEMAN D., TVERSKY A. " Prospect theory: An analysis of decision under risk" . Econometrica 1979, 47(2):263-291.
  • KERSTEIN J., RAI A. " Intra-year shifts in the earnings distribution and their implications for earnings management" . Journal of Accounting Economics 2007, 44(3):399-419.
  • KOTHARI S.P., LEONE A., WASLEY C. " Performance matched discretionary accruals" . Journal of Accounting Economics 2005, 39(1):163-197.
  • KRISHNAN G.V. " Does Big 6 auditor industry expertise constrain earnings management?" . Accounting Horizons 2003, 17(Supplement):1-16.
  • MARQUARDT C.A., WIEDMAN C.I. " How are earnings managed? An examination of specific accruals" . Contemporary Accounting Research 2004, 21(2):461-491.
  • PARTE L., GONZALO M.C., GONZALO J.A. " La hipótesis de la utilización del impuesto sobre beneficios para evitar pérdidas y descensos en resultados" . Revista de Contabilidad 2007, 10(2):33-74.
  • PARTE L. " The hypothesis of avoiding losses and decreases in earnings via extraordinary items" . Revista Española de Financiación y Contabilidad 2008, XXXVII(139):405-431. julio-septiembre.
  • PLUMMER E., MEST D.P. " Evidence on the management of earnings components" . Journal of Accounting Auditing and Finance 2001, 16(4):301-323.
  • ROYCHOWDHURY S. " Earnings management through real activities manipulation" . Journal of Accounting and Economics 2006, 42(3):335-370.
  • WANG D. " Founding Family Ownership and Earnings Quality" . Journal of Accounting Research 2006, 44(3):619-655.
  • WATTS R., ZIMMERMAN J. Positive Accounting Theory 1986, Prentice Hall, New York.
  • ZANG A.Y. " Evidence On The Tradeoff Between Real Manipulation And Accrual Manipulation" , Working Paper Http://Ssrn.Com/Abstract=961293.
Datuen iturria: Dialnet