Contributions to Game Theory and Management, 2019, том 12, страницы 8–36
Detecting earnings management: a study of German public companies during the global financial crisis 2008
Tatiana Alexandrovaa, Olga Udovichenkob
a Risk Management School, Autonomous Non-commercial Organization of Post-Graduate Professional Education "Sberbank Corporate University", 117997 Russian Federation, Moscow, Vavilova str., 19
b Graduate School of Public Management, Russian Academy of National Economy and Public Administration (GSPM RANEPA), 119606, Russian Federation, Moscow, Vernadsky Prospekt, 84
This study investigates the accounting decisions made by
managers of German public companies during the financial crisis of
2008. The overall goal was to detect the usage of earnings
management strategies. The list of incentives for earnings
management during the financial crisis was elaborated, among which
were income-increasing as well as income-decreasing and smoothing
The earnings management was detected in the event year (2008 or 2009
depending on the industry) and the year preceding the crisis.
Big-bath accounting was the most preferable earnings management
strategy in a year -1. For the year 0 mixed evidence was gathered.
Discretional accruals turned out to be different within the same
industry (except Automobile). Asset quality index, gross margin
index and industry belonging was proved to have a positive
correlation with the probability of earnings manipulation.
Earnings management, discretional accruals, financial crisis 2008, German economy, income-decreasing strategies.
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Язык публикации: английский
Tatiana Alexandrova, Olga Udovichenko, “Detecting earnings management: a study of German public companies during the global financial crisis 2008”, Contributions to Game Theory and Management, 12 (2019), 8–36
Цитирование в формате AMSBIB
\by Tatiana~Alexandrova, Olga~Udovichenko
\paper Detecting earnings management: a study of German public companies during the global financial crisis 2008
\jour Contributions to Game Theory and Management
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