分析师覆盖和实际收益管理:采用IFRS是否重要? 英国证据证据英国证据证据
Mohammad I Almaharmeh1, Jia Liu2, Majd Iskandrani3
1Accounting Department, Business School, The University of Jordan/Aqaba campus, Jordan.
Heliyon
|June 6, 2024
概括
高分析师覆盖率提高了实际收益管理 (REM),因为企业努力满足每股收益 (EPS) 预期. 强制性IFRS的采用并没有制这种情况,管理人员利用其对REM的灵活性.
科学领域:
- 会计会计会计会计会计会计会计会计会计会计
- 金融分析 金融分析
- 公司治理 公司治理
背景情况:
- 理论上,分析师的覆盖范围是为了增强企业监控.
- 实际收益管理 (REM) 是会计研究的一个重要领域.
- 国际财务报告标准 (IFRS) 的采用影响了财务报告.
研究的目的:
- 调查分析师覆盖对实际收益管理 (REM) 的影响.
- 检查强制采用IFRS如何影响分析师覆盖和REM之间的关系.
- 分析金融分析师在IFRS采用后的监测作用.
主要方法:
- 从1997年到2021年,对英国非金融上市公司的实证分析.
- 回归分析用于评估分析师覆盖范围和REM之间的关系.
- 坚固性检查,控制内源性.
主要成果:
- 更高的分析师覆盖率与REM水平的增加有关.
- 采用IFRS并没有加强分析师监控;相反,它促进了REM.
- 管理人员利用IFRS的灵活性来满足分析师的每股收益 (EPS) 预期.
结论:
- 分析师的密集覆盖面向管理人员施加压力,使他们更容易入睡.
- 与预期相反,IFRS的采用并没有减少REM,可能使其成为可能.
- 由于会计准则的灵活性,分析师的监控效率受到挑战.
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