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Accrual-based earnings management in state owned companies
16 references·14 citing·30 second hop
Accrual-based earnings management in state owned companies (2014)Accrual-based earnings management in stat…Detecting Earnings Management (2012)Detecting Earnings ManagementThe Importance of Reporting Incentives: Earnings Management in European Private and Public Firms (2006)The Importance of Reporting I…The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity (2001)State-Owned and Privately Own…A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)A Review of the Earnings Mana…State versus Private Ownership (1998)State versus Private OwnershipEarnings management to avoid earnings decreases and losses (1997)Earnings management to avoid …A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Production, Information Costs and Economic Organization (1996)Production, Information Costs…Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings? (1996)Do Stock Prices Fully Reflect…Managerial ownership, accounting choices, and informativeness of earnings (1995)Managerial ownership, account…Detecting Earnings Management. (1995)Detecting Earnings Management.Debt-covenant violations and managers' accounting responses (1994)Debt-covenant violations and …Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises (1989)Ownership and Performance in …Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The impact of board characteristics and ownership structure on earnings management: Evidence from a frontier market (2023)The impact of board character…Detecting earnings management: a comparison of accrual and real earnings manipulation models (2022)Detecting earnings management…Audit committee composition and earnings management in a specific institutional environment: the case of Russia (2022)Audit committee composition a…Sustainability measures and earnings management: evidence from Greek municipalities (2021)Sustainability measures and e…Financial Reporting Quality and Online Disclosure Practices in Spanish Governmental Agencies (2021)Financial Reporting Quality a…Earnings management in state-owned enterprises: bringing publicness back in (2021)Earnings management in state-…Accrual Accounting at Different Levels of the Public Sector: A Systematic Literature Review (2021)Accrual Accounting at Differe…Perspectives from mainland China, Hong Kong and the UK on the development of China’s auditing firms: implications and a research agenda (2020)Perspectives from mainland Ch…Elections and earnings management: evidence from municipally-owned entities (2020)Elections and earnings manage…State-controlled banks and income smoothing. Do politics matter? (2019)State-controlled banks and in…Intervención de los auditores en la gestión de resultados durante la crisis económica (2019)Intervención de los auditores…Do independent director’s characteristics influence financial reporting quality? (2017)Do independent director’s cha…Accrual management as an indication of money laundering through legally registered Mafia firms in Italy (2017)Accrual management as an indi…The transnational regulation of accounting: insights, gaps and an agenda for future research (2014)The transnational regulation …Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)The Nature of the Firm (1937)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Separation of Ownership and Control (1983)Legal Determinants of External Finance (1997)Corporate Ownership Around the World (1999)Investor protection and corporate governance (2000)Accounting earnings and cash flows as measures of firm performance (1994)Errors in Estimating Accruals: Implications for Empirical Research (2002)How does financial reporting quality relate to investment efficiency? (2009)A review of archival auditing research (2014)Debt covenant violation and manipulation of accruals (1994)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Equilibrium Unemployment as a Worker Discipline Device (1986)Property Rights and the Nature of the Firm (1990)Comparative Economic Organization: The Analysis of Discrete Structural Alternatives (1991)The economic implications of corporate financial reporting (2005)The market pricing of accruals quality (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Earnings management and investor protection: an international comparison (2003)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)
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References

  • 1997A Survey of Corporate Governance16,237 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1996Production, Information Costs and Economic Organization9,565 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1995Detecting Earnings Management.6,532 cited
  • 2002The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors5,163 cited
  • 1999A Review of the Earnings Management Literature and Its Implications for Standard Setting4,637 cited
  • 1997Earnings management to avoid earnings decreases and losses3,839 cited
  • 2012Detecting Earnings Management3,821 cited
  • 1996Do Stock Prices Fully Reflect Information in Accruals and Cash Flows About Future Earnings?2,636 cited
  • 1998State versus Private Ownership1,837 cited
  • 2006The Importance of Reporting Incentives: Earnings Management in European Private and Public Firms1,687 cited
  • 1995Managerial ownership, accounting choices, and informativeness of earnings1,517 cited
  • 1994Debt-covenant violations and managers' accounting responses1,250 cited
  • 2001State-Owned and Privately Owned Firms: An Empirical Analysis of Profitability, Leverage, and Labor Intensity

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1,218 cited
  • 1989Ownership and Performance in Competitive Environments: A Comparison of the Performance of Private, Mixed, and State-Owned Enterprises1,132 cited
  • Cited by

    • 2023The impact of board characteristics and ownership structure on earnings management: Evidence from a frontier market50 cited
    • 2017Do independent director’s characteristics influence financial reporting quality?46 cited
    • 2020Perspectives from mainland China, Hong Kong and the UK on the development of China’s auditing firms: implications and a research agenda44 cited
    • 2014The transnational regulation of accounting: insights, gaps and an agenda for future research42 cited
    • 2020Elections and earnings management: evidence from municipally-owned entities40 cited
    • 2019State-controlled banks and income smoothing. Do politics matter?35 cited
    • 2017Accrual management as an indication of money laundering through legally registered Mafia firms in Italy32 cited
    • 2021Sustainability measures and earnings management: evidence from Greek municipalities32 cited
    • 2021Earnings management in state-owned enterprises: bringing publicness back in29 cited
    • 2022Audit committee composition and earnings management in a specific institutional environment: the case of Russia29 cited
    • 2022Detecting earnings management: a comparison of accrual and real earnings manipulation models29 cited
    • 2019Intervención de los auditores en la gestión de resultados durante la crisis económica27 cited
    • 2021Accrual Accounting at Different Levels of the Public Sector: A Systematic Literature Review23 cited
    • 2021Financial Reporting Quality and Online Disclosure Practices in Spanish Governmental Agencies17 cited