Português
Earnings management and debt in private companies: The effect of economic adjustment programmes
Event Title
41th EAA Annual Congress
Year (definitive publication)
2018
Language
English
Country
Italy
More Information
--
Web of Science®
This publication is not indexed in Web of Science®
Scopus
This publication is not indexed in Scopus
Google Scholar
This publication is not indexed in Google Scholar
Abstract
Our study analyses the relationship between the level of earnings management and the debt of unlisted companies in two countries liable to economic adjustment programmes – Portugal and Ireland – between 2008 and 2016. We also analyse whether there are differences between both countries in what results are concerned. In a sample of 970 unlisted companies, and according the discretionary accruals, we find evidence of a positive relationship between the level of debt and the level of earnings management, thus concluding that the level of this relationship is different in each country. We also demonstrate that during the period of time in which the financial support occurred, there was mitigation in the relationship between the level of earnings management and indebtedness.
Acknowledgements
--
Keywords
Earnings management,Adjustment Programmes,Portugal,Ireland
