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The Relationship between Earnings Management and Future Firm Performance in Public Institutions

공공기관의 이익조정과 미래 경영성과와의 관련성

  • Received : 2017.04.28
  • Accepted : 2017.05.25
  • Published : 2017.06.28

Abstract

Earnings management is a collection of management decisions which firms do not report the true performance. Many prior studies suggest that earnings management could be the results of either managerial earnings management or manager's private information for future performance. This study attempts to delve into the fundamental implications inherent in earnings management by analyzing how earnings management affects future firm performance in public institutions. If discretionary accruals as a measurement of earnings management embrace manager's private information, it will have a positive effect on future performance in succeeding period. In contrast, if discretionary accruals embrace manager's opportunistic earnings management, it will have a negative effect on future performance in succeeding period. Empirical findings are summarized as following.: Earnings managements are negatively associated with future firm performance for all succeeding period. This negative relationship continues for all succeeding period. The overall results can be serve as a evidence that the discretionary accruals capture opportunistic earnings management on average.

Keywords

Public institutions;Earnings Management;Future Firm Performance

Acknowledgement

Supported by : 동서대학교

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