000127904 001__ 127904
000127904 005__ 20231023120954.0
000127904 0247_ $$2doi$$a10.3846/16111699.2016.1203816
000127904 0248_ $$2sideral$$a97435
000127904 037__ $$aART-2016-97435
000127904 041__ $$aeng
000127904 100__ $$0(orcid)0000-0003-1298-7183$$aCallao, S.$$uUniversidad de Zaragoza
000127904 245__ $$aValue relevance of accounting figures in presence of earnings management. Are enforcement and ownership diffusion really enough?
000127904 260__ $$c2016
000127904 5060_ $$aAccess copy available to the general public$$fUnrestricted
000127904 5203_ $$aThe study assesses and compares the value relevance (VR) of accounting numbers in entities that experienced high discretionary accruals intensity and so possible earnings management (EM) behaviours, testing whether and in what extent the quality of enforcement and governance mechanisms act as moderating factors on the relation EM-VR. Based on a sample of 2 667 European non-financial entities, the results show that while the VR of earnings is low in entities that experienced high discretionary accruals intensity, book value increases its VR. The study also shows that the quality of enforcement mechanisms and the ownership diffusion (that proxies the quality of corporate governance) are effectively able to obstruct the loss of VR of earnings. The value added of the paper consists in showing that both the quality of enforcement and the ownership diffusion contrast only in part and in different manner the loss of VR of earnings, due to the presence of EM behaviours, acting only in part as moderating factors.
000127904 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/
000127904 590__ $$a0.968$$b2016
000127904 591__ $$aECONOMICS$$b165 / 347 = 0.476$$c2016$$dQ2$$eT2
000127904 591__ $$aBUSINESS$$b100 / 121 = 0.826$$c2016$$dQ4$$eT3
000127904 592__ $$a0.283$$b2016
000127904 593__ $$aBusiness, Management and Accounting (miscellaneous)$$c2016$$dQ2
000127904 593__ $$aEconomics and Econometrics$$c2016$$dQ3
000127904 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion
000127904 700__ $$aCimini, R.
000127904 700__ $$0(orcid)0000-0003-0334-192X$$aJarne, J. I.$$uUniversidad de Zaragoza
000127904 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab.
000127904 773__ $$g17, 6 (2016), 1286-1299$$pJournal of Business Economics and Management$$tJournal of Business Economics and Management$$x1611-1699
000127904 8564_ $$s430660$$uhttps://zaguan.unizar.es/record/127904/files/texto_completo.pdf$$yVersión publicada
000127904 8564_ $$s1627444$$uhttps://zaguan.unizar.es/record/127904/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada
000127904 909CO $$ooai:zaguan.unizar.es:127904$$particulos$$pdriver
000127904 951__ $$a2023-10-23-11:05:05
000127904 980__ $$aARTICLE