مقاله انگلیسی رایگان در مورد مدیریت سود و تعدیل و اصلاح نظری در الگوی عملکرد ساختار سرمایه – الزویر ۲۰۲۱

elsevier

 

مشخصات مقاله
ترجمه عنوان مقاله مدیریت سود و تعدیل و اصلاح نظری در الگوی عملکرد ساختار سرمایه: شواهدی از اقتصاد APTA
عنوان انگلیسی مقاله Earnings management and theoretical adjustment in capital structure performance pattern: Evidence from APTA economies
انتشار مقاله سال ۲۰۲۱
تعداد صفحات مقاله انگلیسی ۱۷ صفحه
هزینه دانلود مقاله انگلیسی رایگان میباشد.
پایگاه داده نشریه الزویر
نوع نگارش مقاله
مقاله پژوهشی (Research Article)
مقاله بیس این مقاله بیس میباشد
نمایه (index) DOAJ – Scopus – Master Journals List – JCR
نوع مقاله ISI
فرمت مقاله انگلیسی  PDF
ایمپکت فاکتور(IF)
۳٫۹۲۴ در سال ۲۰۲۰
شاخص H_index ۲۱ در سال ۲۰۲۱
شاخص SJR ۰٫۶۸۲ در سال ۲۰۲۰
شناسه ISSN ۲۲۱۴-۸۴۵۰
شاخص Quartile (چارک) Q2 در سال ۲۰۲۰
مدل مفهومی دارد
پرسشنامه ندارد
متغیر دارد
رفرنس دارد
رشته های مرتبط مدیریت، حسابداری
گرایش های مرتبط مدیریت مالی، حسابداری مالی
نوع ارائه مقاله
ژورنال
مجله  Borsa Istanbul Review – مرور بورسا استانبول
دانشگاه National University of Computer and Emerging Sciences, Islamabad Pakistan
کلمات کلیدی APTA، ساختار سرمایه، مدیریت سود، اندازه شرکت، قدرت نفوذ، مدل های داده پنلی
کلمات کلیدی انگلیسی APTACapital structureEarnings managementFirm sizeLeveragePanel data models
شناسه دیجیتال – doi
https://doi.org/10.1016/j.bir.2020.12.001
کد محصول E15438
وضعیت ترجمه مقاله  ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید.
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فهرست مطالب مقاله:

Abstract

Keywords

JEL Classifications

۱٫ Introduction

۲٫ Literature and hypotheses development

۳٫ Research methods

۴٫ Empirical analysis

۵٫ Conclusions

Declaration of competing interest

References

بخشی از متن مقاله:

Abstract

This study examines the role of earnings management in the relationship between firm performance and capital structure, dividing earnings management into discretionary and nondiscretionary accruals to test established theories on the capital structure. Using data on 802 companies in the member countries of the Asia-Pacific Trade Agreement (APTA), our findings reveal that, in the absence of earnings management, the relationship between the capital structure and firm performance follows the trade-off theory or the pecking-order theory. Our results are consistent with agency theory only through managers’ intervention via earnings management. In India, substantial opportunistic behavior in discretionary accruals is observed, and management seems to focus on manipulating capital structure performance in opportunistic ways. Furthermore, discretionary earnings are focused more on hiding asset inefficiency that arises from forced increases in firm size, reducing earnings risk. These practices reduce the impact of the capital structure on firm performance. This study has vital implications for debt managers and performance analysts in APTA member countries. Rather than testing the applicability in a traditional way, this study recommends dividing earnings management into discretionary and nondiscretionary accruals to test capital structure theories. Because nondiscretionary accruals play a dominant role in earnings management, firm behavior is consistent with trade-off or pecking-order theory, as seen in patterns in the relationship between the capital structure and firm performance, whereas agency theory holds only after external intervention by managers in terms of earnings management.

۱٫ Introduction

Earnings management has been one of the most crucial and specialized areas of research in finance for many years. The concept of earnings management1 and its measurement have been extensively studied. Studies have identified accruals as the most suitable measure of earnings management (DeAngelo, 1986, pp. 400–۴۲۰; Dechow, Sloan, & Sweeney, 1995, pp. 193–۲۲۵; Healy, 1985; Healy & Wahlen, 1999; Jones, 1991). Scholars understand that earnings management practices are used to fabricate firm performance, which might misguide owners or investors (Balsam, Bartov, & Marquardt, 2002; Burgstahler & Dichev, 1997a, 1997b; Chung, Firth, & Kim, 2005; Schipper, 1989; Scott, 2000; Siregar & Utama, 2008).

With the development of earnings management concepts, numerous studies have been conducted to explain its relationship with other aspects of business (Balsam et al., 2002; Chaney & Lewis, 1995; Dechow et al., 1995, pp. 193–۲۲۵). However, the literature is scarce concerning the manipulation of capital structure efficiency through earnings management. The variation in the impact of the capital structure on firm performance between managed performance and unmanaged performance is still unaddressed.

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