Errors in estimating unexpected accruals in the presence of large changes in net external financing

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dc.contributor.author Shan, Yaowen en_US
dc.contributor.author Taylor, Stephen en_US
dc.contributor.author Walter, Terry en_US
dc.contributor.editor Faff, R en_US
dc.date.accessioned 2010-07-13T08:51:13Z
dc.date.available 2010-07-13T08:51:13Z
dc.date.issued 2009 en_US
dc.identifier 2008005142 en_US
dc.identifier.citation Shan Yaowen, Taylor Stephen, and Walter Terry 2009, 'Errors in estimating unexpected accruals in the presence of large changes in net external financing', AFAANZ, Australia, pp. 1-54. en_US
dc.identifier.issn 1328-780X en_US
dc.identifier.other E1UNSUBMIT en_US
dc.identifier.uri http://hdl.handle.net/10453/12718
dc.description.abstract We demonstrate that the articulation among accruals, cash flows and revenues which is typically assumed in tests of earnings management does not hold when large (positive or negative) external financing activities are present. Our study provides evidence that managers? ?normal? operating decisions associated with net external financing activities are likely to lead to economically and statistically significant measurement errors in unexpected accruals. This is a serious concern given the frequency with which the partitioning variable used to identify instances of alleged earnings management is correlated with significant movements in net external financing. Simulation tests show that even at modest levels of net external financing changes, rejection frequencies for the null hypothesis of no earnings management rise dramatically en_US
dc.language en_US
dc.publisher AFAANZ en_US
dc.relation.isbasedon http://www.afaanz.org/openconf-afaanz2009/modules/request.php?module=oc_proceedings&action=view.php&a=Accept+as+Paper&id=201 en_US
dc.title Errors in estimating unexpected accruals in the presence of large changes in net external financing en_US
dc.parent 2009 AFAANZ Conference en_US
dc.journal.volume en_US
dc.journal.number en_US
dc.publocation Australia en_US
dc.identifier.startpage 1 en_US
dc.identifier.endpage 54 en_US
dc.cauo.name BUS.School of Accounting en_US
dc.conference Verified OK en_US
dc.for 150303 en_US
dc.personcode 106309 en_US
dc.personcode 104690 en_US
dc.personcode 104692 en_US
dc.percentage 100 en_US
dc.classification.name Corporate Governance and Stakeholder Engagement en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom Accounting and Finance Association of Australia and New Zealand Conference en_US
dc.date.activity 20090705 en_US
dc.location.activity Adelaide, Australia en_US
dc.description.keywords NA en_US
dc.staffid en_US
dc.staffid 104692 en_US


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