Stock liquidity and earnings management
earnings management. We find that stock liquidity positively interacts with takeover exposure and equity compensation in affecting earnings management. This evidence is consistent with the argument that increased stock liquidity intensifies managers’ motives to manage earnings upward due to higher hostile takeover pressure and Stock liquidity is a measure employed in forming a portfolio. Earnings management is one of the factors which might be effective in stock liquidity. Earnings management has been evaluated in terms of different dimensions. These dimensions include the accrual-based and real earnings management. Abstract This study investigates the effects of stock liquidity on earnings management. While prior research finds that liquidity has mixed effects on corporate governance, our baseline regression results show that an increase in stock liquidity is associated with an increase in discretionary accruals and revenues. The Impact of Earnings Management on Liquidity: Case of the Tunisian Stock Market Youssef Riahi, Imen Lamiri & Mounira Ben Arab Institute of higher Management of Tunis, University of Tunis Abstract The aim of this paper is to study the relationship between earnings management and the liquidity of the Tunisian market. Does Stock Market Liquidity Affect Real and Accrual-Based Earnings Management? Dan Lia Ying Xiab a School of Economics and Finance, The University of Hong Kong bDepartment of Banking and Finance, Monash University Abstract We study the relationship between stock market liquidity and earnings management. Using a large sample of NYSE firms from 1996 to 2001, we find evidence to suggest that firms which exhibit greater earnings management are associated with lower market liquidity. Our results are robust to both real and accounting based measures of earnings management and two well established measures of market liquidity. Earnings management can accrual- based earnings management aspects and management of real benefit to be evaluated; Therefore, the aim of this study is to estimate the accrual-based earnings management and gain real management and its effects on liquidity of companies listed on the Stock Exchange in Tehran.
Stock liquidity providers (market makers or specialists) for firms that manage earnings face greater uncertainty about the true value of their inventory of stocks of such firms and a possible of loss while trading against more informed traders.
Abstract. Purpose – This paper aims to examine whether ownership concentration and earnings management affect the stock market liquidity of Malaysian firms. on earnings management behavior, quality of reported earnings, and stock speculator's and the liquidity-motivated traders' demands in each round of trade As well as the actual management of non-profit with a positive and significant relationship between stock liquidity, and the liquidity is insignificant and there is a (2017) Does Stock Liquidity Affect Accrual-based Earnings Management?. Journal of Business Finance & Accounting 22. Online publication date: 21-Feb- 2017. Stock Liquidity and Stock Price Crash Risk - Volume 52 Issue 4 - Xin Chang, Yangyang “Bank Earnings Management and Tail Risk during the Financial Crisis. Diversification on Earnings Management: Evidence From Pakistan” is and decrease levels of stock liquidity, because when liquidity providers perceive. This study examines how excess cash drives earnings management and firm value Stock Exchange, we find that excess cash has a positive impact on firm value earnings management and the excess corporate liquidity of Chinese firms is
Diversification on Earnings Management: Evidence From Pakistan” is and decrease levels of stock liquidity, because when liquidity providers perceive.
stock liquidity reduces, because traders holding stocks with high information asymmetry and that disclosure laws, reduces earnings management. Lin and 6 Oct 2017 1 The relationship between earning management and market liquidity 4 The impact of leverage on accrual-based earnings management Accruals, cash flows, and operating profitability in the cross section of stock returns. 28 Dec 2015 a stock and the extent of the firm's earnings management. We tabulate the results for the alternative liquidity measures in Table IA11 in the
management on stock liquidity of companies listed on Tehran stock exchange, they showed that higher earnings management firms attract lower stock liquidity.
Abstract. Stock liquidity providers (market makers or specialists) for firms that manage earnings face greater uncertainty about the true value of their inventory of We study the relationship between stock market liquidity and earnings management. Using a sample of U.S. public firms over the time period from 1993 to 2012, listed on the Tunis Stock Exchange over the 1999 - 2011 period. Disclosure Information, Earnings Management and Market liquidity: Review of the Literature. Nevertheless, studies of the relationship between earnings and liquidity management remain rare, especially in emerging markets (Beneish et al., 2012, Peterson
4 Jun 2015 Stock-Based Compensation and Earnings Management Behaviors on accruals -based earnings management (AEM) and real activities earnings WU Chun- feng et al., Chinese Journal of Liquid Crystals and Displays, 2018.
6 Oct 2017 1 The relationship between earning management and market liquidity 4 The impact of leverage on accrual-based earnings management Accruals, cash flows, and operating profitability in the cross section of stock returns. 28 Dec 2015 a stock and the extent of the firm's earnings management. We tabulate the results for the alternative liquidity measures in Table IA11 in the 13 Nov 2008 Earnings quality seems to influence stocks' liquidity in regard to its proxy of earnings quality and liquidity after controlling the stock exchange, 4 Jun 2015 Stock-Based Compensation and Earnings Management Behaviors on accruals -based earnings management (AEM) and real activities earnings WU Chun- feng et al., Chinese Journal of Liquid Crystals and Displays, 2018. Although earnings management has been explored by multiple researchers in the literature, almost all research projects have focused on developed stock
earnings management. We find that stock liquidity positively interacts with takeover exposure and equity compensation in affecting earnings management. This evidence is consistent with the argument that increased stock liquidity intensifies managers’ motives to manage earnings upward due to higher hostile takeover pressure and Stock liquidity is a measure employed in forming a portfolio. Earnings management is one of the factors which might be effective in stock liquidity. Earnings management has been evaluated in terms of different dimensions. These dimensions include the accrual-based and real earnings management. Abstract This study investigates the effects of stock liquidity on earnings management. While prior research finds that liquidity has mixed effects on corporate governance, our baseline regression results show that an increase in stock liquidity is associated with an increase in discretionary accruals and revenues. The Impact of Earnings Management on Liquidity: Case of the Tunisian Stock Market Youssef Riahi, Imen Lamiri & Mounira Ben Arab Institute of higher Management of Tunis, University of Tunis Abstract The aim of this paper is to study the relationship between earnings management and the liquidity of the Tunisian market. Does Stock Market Liquidity Affect Real and Accrual-Based Earnings Management? Dan Lia Ying Xiab a School of Economics and Finance, The University of Hong Kong bDepartment of Banking and Finance, Monash University Abstract We study the relationship between stock market liquidity and earnings management.