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RELATIONSHIP BETWEEN EARNINGS MANAGEMENT AND CORPORATE RISK IN LATIN-AMERICAN FIRMS

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dc.creatorEDINSON EDGARDO CORNEJO SAAVEDRA
dc.date2023
dc.date.accessioned2025-01-10T15:39:46Z
dc.date.available2025-01-10T15:39:46Z
dc.date.issued2023
dc.description.abstractTHE PURPOSE OF THIS ARTICLE IS TO ANALYZE THE EFFECTS OF ACCRUALS-BASED EARNINGS MANAGEMENT (AEM) AND INSTITUTIONAL AND FINANCIAL DEVELOPMENT ON CORPORATE RISK OF LATIN-AMERICAN FIRMS. DESIGN/METHODOLOGY/APPROACH THE GMM ESTIMATOR WAS USED ACCORDING TO ARELLANO AND BOND (1991) FOR PANEL DATA ON A SAMPLE OF 914 NON-FINANCIAL COMPANIES BETWEEN 2005 AND 2017. FINDINGS AEM PRACTICES SIGNIFICANTLY INCREASE CORPORATE RISK. THIS RESULT INDICATES THAT THE RISK INCREASE IS ASSOCIATED TO WEAKENING OF THE CORPORATE GOVERNANCE OF COMPANIES. POSITIVE DISCRETIONARY ACCRUALS ALSO HAVE THE SAME IMPACT ON CORPORATE RISK. IN ADDITION, ACCRUAL-BASED EARNINGS MANAGEMENT HAS A NON-LINEAR IMPACT ON CORPORATE RISK. HIGHER INSTITUTIONAL AND FINANCIAL DEVELOPMENT SYSTEMICALLY REDUCES THE RISK OF LATIN AMERICAN FIRMS. INSTITUTIONAL DEVELOPMENT CAN MITIGATE THE EFFECTS OF EARNINGS MANAGEMENT ON CORPORATE RISK.
dc.formatapplication/pdf
dc.identifier.doi10.1108/ARLA-03-2022-0045
dc.identifier.issn1012-8255
dc.identifier.issn1012-8255
dc.identifier.urihttps://repositorio.ubiobio.cl/handle/123456789/13072
dc.languagespa
dc.publisherACADEMIA-REVISTA LATINOAMERICANA DE ADMINISTRACION
dc.relation.uri10.1108/ARLA-03-2022-0045
dc.rightsPUBLICADA
dc.titleRELATIONSHIP BETWEEN EARNINGS MANAGEMENT AND CORPORATE RISK IN LATIN-AMERICAN FIRMS
dc.title.alternativeRELACIÓN ENTRE LA GESTIÓN DE GANANCIAS Y EL RIESGO CORPORATIVO EN EMPRESAS LATINOAMERICANAS
dc.typeARTÍCULO
dspace.entity.typePublication
ubb.EstadoPUBLICADA
ubb.Otra ReparticionDEPARTAMENTO DE GESTION EMPRESARIAL
ubb.SedeCHILLÁN
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