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Smoothing Behavior Of Firms In Times Of Crisis: Empirical Evidence From The Spanish Economic Environment

Author

Listed:
  • Alina Beattrice Vladu

    (Babes-Bolyai University Cluj-Napoca Romania and Pompeu Fabra)

  • University

    (Barcelona Spain)

Abstract

The main goal of this particular research was to assess whether the listed companiesin Spain behave differently in bad economic times versus good economic times. In this regard, thesmoothing behavior of Spanish listed firms was examined. The results obtained document for the2008-2009 financial crisis period a decrease in income smoothing activities. Results, implicationsand scope for future research are discussed.

Suggested Citation

  • Alina Beattrice Vladu & University, 2013. "Smoothing Behavior Of Firms In Times Of Crisis: Empirical Evidence From The Spanish Economic Environment," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-13.
  • Handle: RePEc:alu:journl:v:2:y:2013:i:15:p:13
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1520132/13.pdf
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    References listed on IDEAS

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    1. Mary E. Barth & Wayne R. Landsman & Mark H. Lang, 2008. "International Accounting Standards and Accounting Quality," Journal of Accounting Research, Wiley Blackwell, vol. 46(3), pages 467-498, June.
    2. Allen, Eric J. & Larson, Chad R. & Sloan, Richard G., 2013. "Accrual reversals, earnings and stock returns," Journal of Accounting and Economics, Elsevier, vol. 56(1), pages 113-129.
    3. Ahmad-Zaluki, Nurwati A. & Campbell, Kevin & Goodacre, Alan, 2011. "Earnings management in Malaysian IPOs: The East Asian crisis, ownership control, and post-IPO performance," The International Journal of Accounting, Elsevier, vol. 46(2), pages 111-137, June.
    4. Lang, Mark & Smith Raedy, Jana & Wilson, Wendy, 2006. "Earnings management and cross listing: Are reconciled earnings comparable to US earnings?," Journal of Accounting and Economics, Elsevier, vol. 42(1-2), pages 255-283, October.
    5. Leuz, Christian & Nanda, Dhananjay & Wysocki, Peter D., 2003. "Earnings management and investor protection: an international comparison," Journal of Financial Economics, Elsevier, vol. 69(3), pages 505-527, September.
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    7. Holthausen, Robert W. & Larcker, David F. & Sloan, Richard G., 1995. "Annual bonus schemes and the manipulation of earnings," Journal of Accounting and Economics, Elsevier, vol. 19(1), pages 29-74, February.
    8. Cohen, Daniel A. & Zarowin, Paul, 2010. "Accrual-based and real earnings management activities around seasoned equity offerings," Journal of Accounting and Economics, Elsevier, vol. 50(1), pages 2-19, May.
    9. Vedran Capkun & Anne Cazavan-Jeny & Thomas Jeanjean & L. A. Weiss, 2011. "Setting the Bar: earnings management during a change in accounting standards," Post-Print hal-00577836, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Persakis, Anthony & Iatridis, George Emmanuel, 2015. "Earnings quality under financial crisis: A global empirical investigation," Journal of Multinational Financial Management, Elsevier, vol. 30(C), pages 1-35.

    More about this item

    Keywords

    income smoothing; financial crisis; earnings management;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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