Business strategy, earnings properties, and earnings quality

IF 3.3 Q1 BUSINESS, FINANCE Journal of International Accounting Auditing and Taxation Pub Date : 2024-06-27 DOI:10.1016/j.intaccaudtax.2024.100632

Nikolaos Karampinis , Orestes Vlismas , Apostolos Ballas

引用次数: 0

Abstract

This study explores the relationship between business strategy and earnings properties, which are frequently considered as proxies of earnings quality. Specifically, we examine the implications of different strategic positionings for earnings properties that are related to earnings management, conditional conservatism, earnings persistence, and earnings smoothness. Using an international sample, our empirical results indicate that business strategy is inherently linked to these earnings properties. Firms that focus on a business strategy of continuous innovation have larger discretionary accruals, more persistent earnings, and lower earnings smoothness relative to firms that focus on a business strategy of operation efficiency. We also find some evidence for differences in conditional conservatism, although the associations are weaker and sensitive to sample composition. Our main inference is that business strategy inherently affects earnings properties.

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业务战略、收益属性和收益质量

本研究探讨了企业战略与盈利属性之间的关系，盈利属性经常被视为盈利质量的代用指标。具体来说，我们研究了不同的战略定位对收益属性的影响，这些属性涉及收益管理、条件保守主义、收益持续性和收益平滑性。通过使用国际样本，我们的实证结果表明，企业战略与这些收益属性有着内在联系。与注重经营效率的企业相比，注重持续创新的企业拥有更多的可支配应计项目、更持久的收益和更低的收益平稳性。我们还发现了一些关于条件保守主义差异的证据，尽管其关联性较弱，而且对样本构成很敏感。我们的主要推论是，经营战略本质上影响收益属性。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of International Accounting Auditing and Taxation BUSINESS, FINANCE-

CiteScore

4.50

自引率

3.80%

发文量

期刊介绍： The Journal of International Accounting, Auditing and Taxation publishes articles which deal with most areas of international accounting including auditing, taxation and management accounting. The journal''s goal is to bridge the gap between academic researchers and practitioners by publishing papers that are relevant to the development of the field of accounting. Submissions are expected to make a contribution to the accounting literature, including as appropriate the international accounting literature typically found in JIAAT and other primary US-based international accounting journals as well as in leading European accounting journals. Applied research findings, critiques of current accounting practices and the measurement of their effects on business decisions, general purpose solutions to problems through models, and essays on world affairs which affect accounting practice are all within the scope of the journal.