Please use this identifier to cite or link to this item:
標題: The relationship between external financing activities and earnings management: Evidence from enterprise risk management
作者: Teng-Shih Wang
Yi-Mien Lin
Edward M. Werner
Hsihui Chang
關鍵字: Enterprise risk management;External financing activities;Accrual-based earnings management;Real activities earnings management;Corporate governance
Project: International Review of Economics & Finance, Volume 58, November 2018, Pages 312-329
This study examines the impact of external financing activities on earnings management decisions and further explores the role of enterprise risk management (ERM) as a potential moderating factor in this association. We find that managers use both real-activities and accrual-based earnings management when engaging in equity financing activities. Moreover, when firms have weaker ERM systems, we find that managers are less likely to use real-activities earnings management in their equity financing efforts. Therefore, our policy-relevant findings suggest that weaker ERM systems can signal poor control mechanisms and attract additional investor scrutiny, thus constraining managers' use of real-activities earnings manipulation to harm long-term firm value.
DOI: 10.1016/j.iref.2018.04.003
Appears in Collections:會計學系所

Files in This Item:
File Description SizeFormat Existing users please Login
387.pdf413.58 kBAdobe PDFThis file is only available in the university internal network    Request a copy
Show full item record

Google ScholarTM




Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.