Reversing an impairment loss and earnings management: The role of corporate governance

The International Journal of Accounting - Tập 44 - Trang 113-137 - 2009
Rong-Ruey Duh1, Wen-Chih Lee2, Ching-Chieh Lin1
1Department of Accounting, National Taiwan University, No. 1, Sec. 4, Roosevelt Road, Taipei 106, Taiwan, ROC
2Department of Accounting, National Kao-hsiung University of Applied Sciences, Taiwan, ROC

Tài liệu tham khảo

Abdel-khalik, 1985, The effect of LIFO-switching and firm ownership on executives' pay, Journal of Accounting Research, 23, 427, 10.2307/2490819 Abdel-khalik, 1987, Rationality of executive compensation schemes and real accounting changes, Contemporary Accounting Research, 4, 32, 10.1111/j.1911-3846.1987.tb00654.x Agrawal, 1999, Outside directors, politics, and firm performance Alciatore, 2000, Accounting for the impairment of long-lived assets: evidence from the petroleum industry, Journal of Accounting and Economics, 29, 151, 10.1016/S0165-4101(00)00018-5 Ball, 2000, The effect of international institutional factors on properties of accounting earnings, Journal of Accounting and Economics, 29, 1, 10.1016/S0165-4101(00)00012-4 Ball, 2003, Incentives versus standards: properties of accounting income in four East Asian countries, Journal of Accounting and Economics, 36, 235, 10.1016/j.jacceco.2003.10.003 Bartov, 1993, The timing of asset sales and earnings manipulation, The Accounting Review, 68, 840 Beasley, 1996, An empirical analysis of the relation between the board of director composition and financial statement fraud, The Accounting Review, 71, 443 Becker, 1998, The effect of audit quality on earning management, Contemporary Accounting Research, 15, 1, 10.1111/j.1911-3846.1998.tb00547.x Bergstresser, 2006, CEO incentives and earnings management, Journal of Financial Economics, 80, 511, 10.1016/j.jfineco.2004.10.011 Braun, 2001, The disposition of audit-detected misstatements: an examination of risk and reward factors and aggregation effects, Contemporary Accounting Research, 18, 71, 10.1506/U818-CAAD-MXBE-FXMA Bunsis, 1997, A description and market analysis of write-off announcements, Journal of Business Finance and Accounting, 24, 1385, 10.1111/1468-5957.00169 Burgstahler, 1997, Earnings management to avoid earnings decreases and losses, Journal of Accounting and Economics, 24, 99, 10.1016/S0165-4101(97)00017-7 Bushee, 1998, The influence of institutional investors on myopic R&D investment behavior, The Accounting Review, 3, 305 Bushman, 2004, Financial accounting information, organizational complexity and corporate governance systems, Journal of Accounting and Economics, 37, 167, 10.1016/j.jacceco.2003.09.005 Chao, 2006, An examination of SFAS no. 35: adoption timing motives, write-off characteristics, and market reaction, International Journal of Accounting Studies, Special Issue, 77 Chen, 2007, Evidence of asset impairment reversals from China: Economic reality or earnings management? Cheng, 2005, Equity incentives and earnings management, The Accounting Review, 80, 441, 10.2308/accr.2005.80.2.441 Cho, 2007, Exploring the effects of China's two-tier board system on firm performance and earnings informativeness Chung, 2003, Corporate governance and market valuation of capital and R&D investments, Review of Financial Economics, 12, 161, 10.1016/S1058-3300(02)00063-0 Claessens, 2000, The separation of ownership and control in East Asian corporations, Journal of Financial Economics, 58, 81, 10.1016/S0304-405X(00)00067-2 Collins, 2004, Write-down timeliness, line-of-business disclosures and investors' interpretations of segment divestiture announcements, Journal of Business Finance and Accounting, 31, 1261, 10.1111/j.0306-686X.2004.00574.x Cormier, 2006, The association between management earnings forecasts, earnings management, and stock market valuation: evidence from French IPOs, The International Journal of Accounting, 41, 209, 10.1016/j.intacc.2006.07.004 DeAngelo, 1981, Auditor size and audit quality, Journal of Accounting and Economics, 3, 183, 10.1016/0165-4101(81)90002-1 Dechow, 1995, Detecting earnings management, The Accounting Review, 70, 193 DeFond, 1994, Debt covenant violation and manipulation of accruals, Journal of Accounting and Economics, 17, 145, 10.1016/0165-4101(94)90008-6 Degeorge, 1999, Earnings management to exceed thresholds, Journal of Business, 72, 1, 10.1086/209601 Duke, 1990, An empirical examination of debt covenant restrictions and accounting-related debt proxies, Journal of Accounting and Economics, 12, 45, 10.1016/0165-4101(90)90041-2 Elliott, 1988, Write-offs as accounting procedures to manage perceptions, Journal of Accounting Research, 26, 91, 10.2307/2491182 Fields, 2001, Empirical research on accounting choice, Journal of Accounting and Economics, 31, 255, 10.1016/S0165-4101(01)00028-3 Francis, 1996, Causes and effects of discretionary asset write-offs, Journal of Accounting Research, 34, 117, 10.2307/2491429 Haat, 2008, Corporate governance, transparency and performance of Malaysian companies, Managerial Auditing Journal, 23, 744, 10.1108/02686900810899518 Healy, 1987, The effect of accounting procedure changes on executive remuneration, Journal of Accounting and Economics, 9, 7, 10.1016/0165-4101(87)90015-2 Healy, 1999, A review of the earnings management literature and its implications for standard setting, Accounting Horizons, 13, 365, 10.2308/acch.1999.13.4.365 Henning, 2004, The amount and timing of goodwill write-offs and revaluations: evidence from U.S. and U.K. firms, Review of Quantitative Finance and Accounting, 23, 99, 10.1023/B:REQU.0000039507.82692.d3 Hogan, 1998, The information content of restructuring charges: a contextual analysis Holthausen, 1995, Annual bonus schemes and the manipulation of earnings, Journal of Accounting and Economics, 19, 29, 10.1016/0165-4101(94)00376-G Hsieh, 2005, Determinants and effects of assets impairment decision in Taiwan, Taiwan Accounting Review, 6, 59 Klein, 2002, Audit committee, board of director characteristics, and earnings management, Journal of Accounting and Economics, 33, 375, 10.1016/S0165-4101(02)00059-9 Koh, 2003, On the association between institutional ownership and aggressive corporate earnings management in Australia, The British Accounting Review, 35, 105, 10.1016/S0890-8389(03)00014-3 Larcker, 2007, Corporate governance, accounting outcomes, and organizational performance, The Accounting Review, 82, 963, 10.2308/accr.2007.82.4.963 LaFond, 2008, The information role of conservatism, The Accounting Review, 83, 447, 10.2308/accr.2008.83.2.447 La Porta, 1999, Corporate ownership around the world, Journal of Finance, 54, 471, 10.1111/0022-1082.00115 La Porta, 1998, Law and finance, Journal of Political Economy, 106, 1113, 10.1086/250042 Leuz, 2003, IAS versus US GAAP: information asymmetry-based evidence from Germany's new market, Journal of Accounting Research, 41, 445, 10.1111/j.1475-679X.2003.00111.x Levitt, A., (1998). The numbers game. Remarks by Chairman Arthur Levitt, Securities and Exchange Commission, delivered at the NYU center for Law and Business, New York, NY, 28 September. Libby, 2000, Does mandated audit communication reduce opportunistic corrections to manage earnings to forecasts?, The Accounting Review, 75, 383, 10.2308/accr.2000.75.4.383 Lipper, 1997, Understanding CEO pay: a test of two pay-to-performance sensitivity measures with alternative measures of alignment and influence, Journal of Business Research, 40, 127, 10.1016/S0148-2963(96)00283-4 Loh, 2002, Assets write-offs—managerial incentives and macroeconomics factors, Abacus, 38, 134, 10.1111/1467-6281.00101 Maddala, 1983 Marquardt, 2004, How are earnings managed? An examination of specific accruals, Contemporary Accounting Research, 21, 461, 10.1506/G4YR-43K8-LGG2-F0XK Matsunaga, 2001, The effect of missing a quarterly earnings benchmark on the CEO's annual bonus, The Accounting Review, 76, 313, 10.2308/accr.2001.76.3.313 McNichols, 1988, Evidence of earnings management from the provision for bad debts, Journal of Accounting Research, 26, 1, 10.2307/2491176 Merryman, 1969 Moehrle, 2002, Do firms use restructuring charge reversals to meet earnings targets?, The Accounting Review, 77, 397, 10.2308/accr.2002.77.2.397 Nelson, 2003, Behavioral evidence on the effects of principles- and rules-based standards, Accounting Horizons, 17, 91, 10.2308/acch.2003.17.1.91 Nelson, 2002, Evidence from auditors about managers' and auditors' earnings management decisions, The Accounting Review, 77, 175, 10.2308/accr.2002.77.s-1.175 Nelson, 2005, The effect of quantitative materiality approach on auditors' adjustment decisions, The Accounting Review, 80, 897, 10.2308/accr.2005.80.3.897 Peasnell, 2005, Board monitoring and earnings management: do outside directors influence abnormal accruals?, Journal of Business Finance and Accounting, 32, 1311, 10.1111/j.0306-686X.2005.00630.x Rees, 1996, An investigation of asset write-downs and concurrent abnormal accruals, Journal of Accounting Research, 34, 157, 10.2307/2491431 Riedl, 2004, An examination of long-lived asset impairments, The Accounting Review, 79, 823, 10.2308/accr.2004.79.3.823 Schipper, 2005, The introduction of International Accounting Standards in Europe: implications for international convergence, European Accounting Review, 14, 101, 10.1080/0963818042000338013 Street, 2002, GAAP 2001—benchmarking national accounting standards against IAS: summary of results, Journal of International Accounting, Auditing and Taxation, 11, 77, 10.1016/S1061-9518(02)00055-1 Street, 2002, Factors influencing the extent of corporate compliance with International Accounting Standards: summary of a research monograph, Journal of International Accounting, Auditing and Taxation, 11, 51, 10.1016/S1061-9518(02)00054-X Strong, 1987, Asset write-downs: managerial incentives and security returns, Journal of Finance, 42, 643, 10.2307/2328376 Sweeney, 1994, Debt covenant violations and managers' accounting responses, Journal of Accounting and Economics, 17, 281, 10.1016/0165-4101(94)90030-2 Watts, 1986 Zucca, 1992, A closer look at discretionary writedowns of impaired assets, Accounting Horizons, 6, 30