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Nuevo Enfoque En La Estimación De Los Ajustes Por Devengo Anormales: Un Modelo Desagregado


  • Francisco Poveda

    (Universidad de Alicante)


A fundamental question about the analysis of financial information is the potential manipulations that could be introduced by insiders in the information that is revealed to investors. In this context, this article is focused on the analysis of abnormal accruals as a potential instrument to implement earnings management practices.Concretely, a non aggregated abnormal accruals estimation model is proposed, where each component of accruals is controlled by the variables it really depends on. The analysis of specification and power of earnings management tests show better results inrelation to panel data models derived from the classical Jones (1991) model. Un aspecto crucial en el análisis de la información financiera son las posibles manipulaciones introducidas de forma discrecional por los directivos en la información que dan a conocer a los usuarios. En este contexto, este trabajo se centra en el análisis de los ajustes por devengo como potencial instrumento a disposición de la discrecionalidad de los elaboradores de la información financiera. Concretamente, se plantea un modelo desagregado de estimación de ajustes por devengo anormales en el que cada componente se controla por las variables de las que efectivamente depende. El análisis de especificación y potencia del contraste de earnings management muestra resultados claramente superiores a los planteamientos de panel derivados del clásico modelo de Jones (1991).

Suggested Citation

  • Francisco Poveda, 2003. "Nuevo Enfoque En La Estimación De Los Ajustes Por Devengo Anormales: Un Modelo Desagregado," Working Papers. Serie EC 2003-22, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:2003-22

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    Cited by:

    1. María Jesús Pastor & Francisco Poveda, 2005. "Earnings Management As An Explanation Of The Equity Issue Puzzle," Working Papers. Serie AD 2005-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).

    More about this item


    Ajustes por devengo anormales; earnings management. Abnormal Accruals; Earnings Management;

    JEL classification:

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


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