Información del artículo
Resumen
Basándonos en los grupos cotizados en el mercado español, el presente trabajo aporta evidencia empírica sobre el impacto de la crisis en las prácticas de earnings management. Utilizamos los ajustes por devengo discrecionales como medida de manipulación. Los resultados obtenidos constatan que la calidad de la información financiera se ve afectada en periodos de crisis, ya que ponen de manifiesto que la manipulación al alza del resultado vía ajustes por devengo discrecionales se ha visto incrementada ante las dificultades económicas y financieras. Esto es debido no a la crisis en sí misma, sino a que la crisis ha reforzado la importancia de algunos incentivos para manipular, como es el endeudamiento.
Palabras clave:
crisis
manipulación contable
incentivos de información
empresas cotizadas
Abstract
The study analyses the impact of the crisis on the earnings management by listed companies on Spanish stock market. We use discretionary accruals as a measure of earnings management. The results show that earnings-increasing discretionary accruals have increased during the crisis, confirming that crisis periods affect to financial reporting quality. This is not due to crisis as such, but the crisis has strengthened some incentives to manage earnings, such us the indebtedness.
Keywords:
crisis
earnings management
reporting incentives
listed companies
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