产品市场竞争与盈余管理:管理能力的作用

IF 3.6 Q1 BUSINESS, FINANCE Review of Accounting and Finance Pub Date : 2022-10-25 DOI:10.1108/raf-06-2021-0169
Md Mahmudul Hasan, Md. Safayat Hossain, G. Gotti
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引用次数: 2

摘要

目的本研究旨在探讨管理能力是否与产品市场竞争与盈余管理的关系相关,以及如何相关。作者认为,高能力的管理者可能会在两个方向上调节潜在的关系,他们可能会在基于权责发生制的盈余管理(AEM)和真实盈余管理(REM)之间权衡相对成本。设计/方法/方法本研究使用普通最小二乘回归来检验管理能力对产品市场竞争与盈余管理之间关系的关联。本文在借鉴前人文献的基础上,对管理能力、产品市场竞争和盈余管理进行了测度。本研究的实证结果表明,高竞争行业的高能力管理者更有可能参与盈余管理,而不太可能参与快速眼动。这些研究结果总体上表明,高竞争行业的高能力管理者在不同形式的盈余管理之间会根据其相对成本进行权衡,并选择成本相对较低的盈余管理形式。实际意义本研究具有重要的实际意义,因为研究结果确定了重要利益相关者(如董事会和投资者)可能采取预防措施以防止管理者机会主义行为的情况。这项研究的发现也可能对公司选择经理有所帮助。研究结果可能会为公司考虑在竞争激烈或不激烈的环境中招聘高能力经理和低能力经理的风险和利益权衡提供一些输入。本研究的发现为管理能力如何调节产品市场竞争与不同类型(即基于权责发生制和基于实际作业制)盈余管理之间的关系提供了新的见解。
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Product market competition and earnings management: the role of managerial ability
Purpose This study aims to examine whether and how managerial ability is associated with the relation between product market competition and earnings management. The authors argue that high-ability managers may moderate the underlying relations in both directions, and they are likely to trade off relative costs between accrual-based earnings management (AEM) and real earnings management (REM). Design/methodology/approach This study uses ordinary least square regressions to examine the association of managerial ability on the relations between product market competition and earnings management. The paper follows prior literature to measure managerial ability, product market competition and earnings management. Findings This study shows empirical evidence that high-ability managers in high-competition industries are likely to engage in AEM but less likely to engage in REM. These findings overall indicate that high-ability managers in high-competition industries trade-off between different forms of earnings management based on their relative costliness and choose the one that is relatively less costly. Practical implications This study has important practical implications as the findings identify situations when important stakeholders, such as the board of directors and investors, may take precautions to prevent managers’ opportunistic behaviors. The findings of this study also might be helpful for firms when it comes to selecting managers. The findings may provide some input to the firms in considering the risks and benefits trade-offs of recruiting a high versus low-ability manager in a more or less competitive environment. Originality/value The findings of this study show new insight into how managerial ability moderates the relation between product market competition and different types (i.e. accrual-based and real activity-based) of earnings management.
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来源期刊
CiteScore
4.30
自引率
0.00%
发文量
18
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