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Sammanfattning Uppsatsens titel: The accruals anomaly in Sweden Seminariedatum: 2007-06-04 Kurs: Corporate Finance - Master Thesis BUS860, D-nivå, 10 poäng Författare: Hedda Giaever, Tobias Gabrielsson Handledare: Maria Gårdängen Fem nyckelord: Accruals, Anomalier, Hedge …
… accrual based EM using the modified Jones model. Specifically, discretionary accruals are estimated as a measure of EM. Tests are performed to examine whether discretionary accruals around the timing of the SEO are significantly different from zero. Moreover, the relationship …
Advokatbyråns skadeståndsansvar gentemot köparen enligt tillitsprincipen
… a long position in the stock of firms reporting relatively low levels of accruals and a short position in the stock of firms reporting relatively high levels of accruals. However, we find no evidence of negative excess returns for companies with relatively high accruals, this …
- Empirisk studie av den europeiska aktiemarknaden.
… a long position in the stock of firms reporting relatively low levels of accruals and a short position in the stock of firms reporting relatively high levels of accruals. However, we find no evidence of negative excess returns for companies with relatively high accruals, this …
… positive market-adjusted returns can be attained through assessment of accruals as well as key value drivers found in historical financial data. Moreover, our results indicate that accruals are a more powerful determinant for future return than the fundamentals in the composite …
Syftet med examensarbetet är att tillföra ny kunskap inom den svenska earnings management forskningen genom att undersöka kapitalstrukturens eventuella korrelation med earnings management. Uppsatsen har en kvantitativ metodansats, paneldata regressionsanalys används för att …
… studied. We assess accounting quality by the absolute size of discretionary accruals using the modified Jones model developed by Dechow et al. (1995). Firms are divided into two groups, depending on the accounting quality obtained from cross-sectional OLS regressions. The …
… is defined as a strategy used in companies to increase their discretionary accruals (which consists of provisions, depreciation and amortization). A total of 195 annual reports have been studied (in each of the 39 companies five annual reports have been studied). The variables …
… study was made, using the Modified Jones Model, to identify abnormal accruals up to six years before bankruptcy. 9 003 continuing firms and 187 bankrupt firms, active sometime between 1990 and 2010, were examined. The study concludes that U.S. ex-post failed firms engage in …
Finns det något samband?
… the client-auditor relationship and audit quality, using absolute unexpected accruals estimated by industry as a measure of audit quality based on a modified Jones model. The study is motivated by the proposal on mandatory audit firm rotation for publicly traded companies from …
… ROE is improved when taking earnings management, measured as discretionary accruals, into account. This is examined by comparing a forecast model that takes the magnitude of discretionary accruals into consideration with a model that does not. The study is based on companies …
… to lower Earnings Management, thus higher earnings quality. Discretionary accruals are measured by the Modified Jones Model and used as an indicator for the level of Earnings Management in a firm. Results are generated from cross-panel regressions of discretionary accruals and a …
The thesis main objective is to establish the determinants for granting executive stock options and to examine their impact on performance for firms listed on OMXS30. The analysis is based on accounting data gathered from annual reports and Thomson Datastream. The empirical …
Syfte: Att på den svenska marknaden undersöka effekten av resultatmanipulering, efter införandet av Svensk kod för bolagsstyrning. Metod: Kvantitativ datainsamling använd's för att utföra regressioner del's för beräkning av EM, del's för identifiering av signifikanta …
En jämförelse mellan olika ägarstrukturer
Syftet med denna studie är att jämföra hur förekomsten av resultatmanipulering ser ut i företag med olika ägarstrukturer noterade på de svenska börslistorna under åren 2005-2008. Vi har valt att definiera tre grupper av företag: familjeägda företag, företag ägda av …
