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Portfolio Hedging and Earnings Management
[Portfoliové zajištění a řízení zisku]

Author

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  • Jan Novotný

Abstract

This paper deals with achieving hedge accounting for portfolio of assets and liabilities. Furthermore, provides brief comparison between currently effective hedge accounting rules embodied in IAS 39 and forthcoming standard IFRS 9. The aim of presented paper is to highlight possible linkage between hedge accounting rules and earnings management, moreover, shows how might be risk management strategy of the firm adjusted in order to achieve hedge accounting. The paper also provides small review of relevant research made in area of earnings management and derivatives accounting.

Suggested Citation

  • Jan Novotný, 2014. "Portfolio Hedging and Earnings Management [Portfoliové zajištění a řízení zisku]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2014(4), pages 84-93.
    • Handle: RePEc:prg:jnlcfu:v:2014:y:2014:i:4:id:425:p:84-93
    DOI: 10.18267/j.cfuc.425
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    References listed on IDEAS

    as
    1. Jones, Jj, 1991. "Earnings Management During Import Relief Investigations," Journal of Accounting Research, Wiley Blackwell, vol. 29(2), pages 193-228.
    2. Zhang, Haiwen, 2009. "Effect of derivative accounting rules on corporate risk-management behavior," Journal of Accounting and Economics, Elsevier, vol. 47(3), pages 244-264, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Hedge Accounting; IAS 39; IFRS 9; Earnings Management; Zajišťovací účetnictví; Řízení zisku;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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