Specification and power of cross-sectional abnormal working capital accruals models in the Spanish context

European Accounting Review

Volumn 13, Issue 1, 2004, Pages 73-104

  Jaime, José J Alcarria ^a   Noguer, Belén Gill de Albornoz ^a  

^a UNIVERSITAT JAUME I   (Spain)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 34547371427     PISSN: 09638180     EISSN: 14684497     Source Type: Journal    
DOI: 10.1080/0963818032000134912     Document Type: Article

References (54)

1. Ahmed, A. S., Takeda, C., and Thomas, S., (1999). Bank loan loss provisions: a re-examination of capital management, earnings management and signalling effects. Journal of Accounting and Economics, 28: pp. 1–25
2. Azofra V., Castrillo L., Delgado M., (2000) Detecting earnings management in a Spanish context, 23rd Annual Congress of the European Accounting Association Munich March 2000
3. Bartov, E., Gul, F., and Tsui, J., (2000). Discretionary accruals models and audit qualifications. Journal of Accounting and Economics, 30 (3): pp. 421–452
4. Beaver, W., and Engel, E., (1996). Discretionary behaviour with respect to allowances for loan losses and the behaviour of security prices. Journal of Accounting and Economics, 22: pp. 177–206
5. Becker, C. L., DeFond, M. L., Jiambalvo, J., and Subramanyam, K. R., (1998). The effect of audit quality on earnings management. Contemporary Accounting Research, 15 (1): pp. 1–24
6. Brown, S. J., and Warner, J. B., (1985). Using daily stock returns: the case of event studies. Journal of Financial Economics, 14: pp. 3–31
7. Chaney, P. K., Jeter, D. C., and Lewis, C. M., (1998). The use of accruals in income smoothing: a permanent earnings hypothesis. Advances in Quantitative Analysis of Finance and Accounting, 6: pp. 103–135
8. Collins, D. W., and Hribar, P., (2002). Errors in estimating accruals: implications for empirical research. Journal of Accounting Research, 40 (1): pp. 105–135
9. Collins, J., Shackelford, D., and Wahlen, J., (1995). Bank differences in the co-ordination of regulatory captial, earnings and taxes. Journal of Accounting Research, 33 (2): pp. 263–291
10. DeAngelo, L., (1986). Accounting numbers as market valuation substitutes: a study of management buy outs of public stockholders. Accounting Review, 61: pp. 400–420
11. Dechow, P. M., (1994). Accounting earnings and cash-flows as measures of firm performance. The role of accounting accruals. Journal of Accounting and Economics, 18: pp. 3–42
12. Dechow, P. M., Kothari, S. P., and Watts, R. L., (1998). The relation between earnings and cash-flows. Journal of Accounting and Economics, 25: pp. 133–168
13. Dechow, P. M., Sloan, R. G., and Sweeney, A. P., (1995). Detecting earnings management. Accounting Review, 70 (2): pp. 193–225
14. DeFond, M. L., and Jiambalvo, J., (1994). Debt covenant violation and manipulation of accruals. Journal of Accounting and Economics, 17: pp. 145–176
15. DeFond, M. L., and Park, C. W., (1997). Smoothing income in anticipation of future earnings. Journal of Accounting and Economics, 23: 115–139.
16. DeFond, M. L., and Park, C. W., (2001). The reversal of abnormal accruals and the market valuation of earnings surprises. Accounting Review, 76 (3): pp. 375–404
17. Francis, J. R., and Krishnan, J., (1999). Accounting accruals and auditor reporting conservatism. Contemporary Accounting Research, 16 (1): pp. 135–165
18. Garza-Gómez X., Okumara M., Kunimura M., (1999) Discretionary accrual models and the accounting process SSRN Working Paper Series, October
19. Gaver, J. J., and Paterson, J. S., (2000). Earnings management under changing regulatory regimes: state accreditation in the insurance industry. Journal of Accounting and Public Policy, 19: pp. 399–420
20. Gaver, J. J., Gaver, K. M., and Austin, J. R., (1995). Additional evidence on bonus plans and income management. Journal of Accounting and Economics, 19: pp. 3–28
21. Gore P., Pope P. F., Singh A. K., (2001) Non-audit services, auditor independence and earnings management Working Paper Lancaster University, January
22. Guay, W. R., Kothari, S. P., and Watts, R. L., (1996). A market based evaluation of discretionary accrual models. Journal of Accounting Research, 34 (Supplement): pp. 83–105
23. Hang, J. C. Y., and Wang, S., (1998). Political costs and earnings management of oil companies during the 1990 Persian Gulf crisis. The Accounting Review, 73 (1): pp. 103–117
24. Healy, P. M., (1985). The impact of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7: pp. 85–107
25. Holthausen, R. W., Larcker, D. F., and Sloan, R. G., (1995). Annual bonus schemes and the manipulation of earnings. Journal of Accounting and Economics, 19: pp. 29–74
26. Jeter, D. C., and Shivakumar, L., (1999). Cross-sectional estimation of abnormal accruals using quarterly and annual data: effectiveness in detecting event-specific earnings management. Accounting and Business Research, 29 (4): pp. 299–319
27. Jones, J. J., (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29 (2): pp. 193–228
28. Kang S., (1999) A conceptual and empirical evaluation of accrual prediction models SSRN Working Paper Series, February
29. Kang, S., and Sivaramakrishnan, K., (1995). Issues in testing earnings management and an instrumental variable approach. Journal of Accounting Research, 33 (2): pp. 353–367
30. Kaplan, R. S., (1985). Comments on Paul Healy: evidence on the effect of bonus schemes on accounting procedure and accrual decisions. Journal of Accounting and Economics, 7: pp. 109–113
31. Kasznik, R., (1999). On the association between voluntary disclosure and earnings management. Journal of Accounting Research, 37 (1): pp. 57–81
32. Key, K. G., (1997). Political cost incentives for earnings management in the cable television industry. Journal of Accounting and Economics, 23: pp. 309–337
33. Liu, C., and Ryan, S., (1995). The effect of loan portfolio composition on the market reaction to and anticipation of loan loss provisions. Journal of Accounting Research, 33: pp. 77–94
34. Liu, C., Ryan, S., and Wahlen, J., (1997). Differntial valuation implications of loan loss provisions across banks and fiscal quarters. The Accounting Review, 70 (1): pp. 133–146
35. Magnan, M., Nadeau, C., and Cormier, D., (1999). Earnings management during antidumping investigations: analysis and implications. Canadian Journal of Administrative Sciences, 16 (2): pp. 149–162
36. McCulloch B., (1998) Multi-period incentives and alternative dials for earnings management SSRN Working Paper Series, August
37. Peasnell, K. V., Pope, P. F., and Young, S., (2000). Detecting earnings management using cross-sectional abnormal accrual models. Accounting and Business Research, 30 (4): pp. 313–326
38. Perry, S. E., and Williams, T. H., (1994). Earnings management preceding management buyout offers. Journal of Accounting and Economics, 18: pp. 157–179
39. Petroni, K. R., (1992). Optimistic reporting in the property casualty insurance industry. Journal of Accounting and Economics, 15: pp. 157–179
40. Petroni, K. R., Ryan, S., and Wahlen, J., (2000). Discretionary and non-discretionary revisions of loss reserves by property-casualty insurers: differential implications for future profitability, risk, and market value. Review of Accounting Studies, 5: pp. 95–125
41. Rees, L., Gill, S., and Gore, R., (1996). An investigation of asset write-downs and concurrent abnormal accruals. Journal of Accounting Research, 34 (Supplement): pp. 157–169
42. Saurina, J., (1999). Existe alisamiento de beneficios en las cajas de ahorro españolas?, (Is there income smoothing in the Spanish saving institutions?). Moneda y Crédito (Credit and Money), 209: pp. 161–193
43. Shivakumar L. L., (1996) Estimating abnormal accruals for detection of earnings management Working Paper, Vanderbilt University, March
44. Shivakumar, L. L., (2000). Do firms mislead investors by overstating earnings before seasoned equity offerings?. Journal of Accounting and Economics, 29: pp. 339–371
45. Subramanyam, K. R., (1996). The pricing of discretionary accruals. Journal of Accounting and Economics, 22: pp. 249–281
46. Teoh, S. H., Wong, T. J., and Rao, G. R., (1998a). Are accruals during initial public offerings opportunistic?. Review of Accounting Studies, 3: pp. 175–208
47. Teoh, S. H., Welch, I., and Wong, T. J., (1998b). Earnings management and the long-run market performance of initial public offerings. Journal of Finance, 53: pp. 1935–1974
48. Teoh, S. H., Welch, I., and Wong, T. J., (1998c). Earnings management and the post-issue underperformance of seasoned equity offerings. Journal of Financial Economics, 50: pp. 63–100
49. Thomas, J., and Zang, X., (2000). Identifying unexpected accruals: a comparison of current approaches. Journal of Accounting and Public Policy, 19: pp. 347–376
50. Verbeek M., (2000) A Guide to Modern Econometrics Chichester John Wiley
51. Watts, R., and Zimmerman, J., (1990). Positive accounting theory: a ten year perspective. Accounting Review, 65 (1): pp. 131–156
52. Xie, H., (2001). The mispricing of abnormal accruals. Accounting Review, 76 (3): pp. 357–373
53. Young, S., (1998). The determinants of managerial accounting policy choice: further evidence for the UK. Accounting and Business Research, 25 (2): pp. 131–143
54. Young, S., (1999). Systematic measurement error in the estimation of discretionary accruals: an evaluation of alternative modelling procedures. Journal of Business Finance and Accounting, 26 (7–8): pp. 833–862