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Junior, D. V. & Lourenço, I. (2019). Does society moral values matter for earnings management? Empirical evidences around the world. In Simões, E., Duarte, A. P., Simaens, A., and Silva, V. H. (Ed.), 5th Symposium on Ethics and Social Responsibility Research. Linking Ethics, Social Responsibility and Sustainability: Challenges for Science and Practice. Book of abstracts. (pp. 12). Lisboa: DINÂMIA’CET-IUL.

D. B. Junior and I. M. Lourenço,  "Does society moral values matter for earnings management? Empirical evidences around the world", in 5th Symp. on Ethics and Social Responsibility Research. Linking Ethics, Social Responsibility and Sustainability: Challenges for Science and Practice. Book of abstracts, Simões, E., Duarte, A. P., Simaens, A., and Silva, V. H., Ed., Lisboa, DINÂMIA’CET-IUL, 2019, pp. 12

@inproceedings{junior2019_1731867645072,
	author = "Junior, D. V. and Lourenço, I.",
	title = "Does society moral values matter for earnings management? Empirical evidences around the world",
	booktitle = "5th Symposium on Ethics and Social Responsibility Research. Linking Ethics, Social Responsibility and Sustainability: Challenges for Science and Practice. Book of abstracts",
	year = "2019",
	editor = "Simões, E., Duarte, A. P., Simaens, A., and Silva, V. H.",
	volume = "",
	number = "",
	series = "",
	pages = "12",
	publisher = "DINÂMIA’CET-IUL",
	address = "Lisboa",
	organization = "DINÂMIA’CET-IUL, ISCTE-IUL, FCT",
	url = "http://hdl.handle.net/10071/18183"
}

TY  - CPAPER
TI  - Does society moral values matter for earnings management? Empirical evidences around the world
T2  - 5th Symposium on Ethics and Social Responsibility Research. Linking Ethics, Social Responsibility and Sustainability: Challenges for Science and Practice. Book of abstracts
AU  - Junior, D. V.
AU  - Lourenço, I.
PY  - 2019
SP  - 12
CY  - Lisboa
UR  - http://hdl.handle.net/10071/18183
AB  - The ethics and moral issues involved in the financial reporting process has long been a
concern of the accounting profession, promoting intense discussions on the part of both
academia and market players. Considering this relevant debate, this study aims to analyze
the effect of society moral values on earnings management. Despite manipulation of
accounting amounts be one of the most discussed subjects on accounting literature, their
motivation and practice related to ethics and moral values seem to be largely discussed in
accounting literature only theoretically and through qualitative ways. We fill this gap and
investigate the association between societies moral values and accruals-based earnings
management in an international sample encompassing 12,080 firms from 39 non-US
countries. We use data from the years 2000 to 2017 and the final sample is composed of
99,807 firm-year observations. Based on an international questionnaire by World Values
Survey Association, we constructed an index of moral values in a country-level. Based on
econometric estimations, our empirical finds suggest that societies where morally
questionable behaviors are less acceptable (e.g., accepting bribery, deflecting taxes, among
others) present lower levels of accruals-based earnings management, confirming that
manipulation of accounting amounts is less acceptable where societies has higher moral
values Additionally, we provide empirical evidences that society moral values moderate the
effect of the mandatory adoption of International Financial Reporting Standards (IFRS) on
earnings management. Our study contributes to earnings management literature, discussing
about society moral values and earnings manipulation in a large empirical way, providing
relevant discussions to regulators and other market participants on ethical and moral
implications of managers and police-makers in the preparation of accounting information.
ER  -