La práctica de la gestión de ganancias (The earning management practice)

Autores/as

  • Isela Alanís Aguilar Universidad Autónoma de Nuevo León, Facultad de Contaduría Pública y Administración, San Nicolás de los Garza, N.L., México
  • Martha del Pilar Rodríguez García

DOI:

https://doi.org/10.29105/rinn14.28-3

Resumen

Este investigación documental revisa la práctica de earning management identificando
earning management en las empresas antes de salir a bolsa y su afectación en el precio de la acción, cuando los administradores afectan las compensaciones que se otorgan con el fin de aumentar sus beneficios en detrimento del valor de la empresa y estudios en donde no se aprecian prácticas de manipulación. Por otra parte se propone una metodología de ajustes por devengo y se presentan las conclusiones.


Palabras clave: ajuste por devengo discrecional, gestión de ganancias, valor de la empresa.

Abstract:

This documentary research reviews the practice of earning management by identifying earning management in companies before going public and their effect on the share price, when managers affect the compensations that are granted in order to increase their profits to the detriment of the value of the company and studies where manipulation practices are not appreciated. On the other hand, an accrual adjustment methodology is proposed and the conclusions are presented.


Key words: discretionary accrual adjustments, earning management, firm value.

 

Descargas

Los datos de descargas todavía no están disponibles.

Métricas

Cargando métricas ...

Citas

Ahmad-Zaluki, N., Campbell, K. y Goodacre, A. (2009). Earnings management in Malaysian IPOs: the East Asian crisis, ownership control and post-IPO performance. International Journal of Accounting, 46(2), 111–137. DOI: https://doi.org/10.1016/j.intacc.2011.04.001

Ball, R. y Brown, P. (1968). An empirical evaluation of accounting income numbers. Journal of Accounting Research, 6(2), 159–178. DOI: https://doi.org/10.2307/2490232

Beaver, W. (1968). The information content of accounting earnings announcements. Journal of Accounting Research, Suplement, 67–92. DOI: https://doi.org/10.2307/2490070

Beaver, W.H., McNichols, M. y Nelson, K., (2003). An alternative interpretation of the discontinuity in earnings distributions. Working Paper. Graduate School of Business, Stanford University.

Bergstresser, D. y Philippon, T. (2006). CEO incentives and earnings management, Journal of Financial Economics, 80(3), 511–529. DOI: https://doi.org/10.1016/j.jfineco.2004.10.011

Berle, A. y Means, G. (1932). The modern corporation and private property. Nueva York: MacMillan.

Bernstein, L. y Siegel, J. (1979). The Concept of Earnings Quality. Financial Analysts Journal, 35(4), 72–75. DOI: https://doi.org/10.2469/faj.v35.n4.72

Caton, G.L, Chiyachantana, C.N, Chua, C.T y Goh, J. (2009). Earnings management and seasoned bond offerings: do managers mislead the bond market? Journal of Financial and Quantitative Analysis, forthcoming.

Corral, E., Bravo L., Moreno P., Carrillo, S. (2013). Global conference on business and finance proceedings. http://www.theibfr.com.

Dechow, P. M. (1994). Accounting earnings and cash flows as measures of firm performance: the role of accounting accruals. Journal of Accounting and Economics. 18(1), 3–42. DOI: https://doi.org/10.1016/0165-4101(94)90016-7

Dechow, P.M. y Dichev, I.D. (2002). The quality of accruals and earnings: The role of accrual estimation errors. The Accounting Review, 77 (supplement), 35–59. DOI: https://doi.org/10.2308/accr.2002.77.s-1.35

Dechow, P.M., Sloan, R.G. y Sweeney A.P. (1995). Detecting earnings management. The Accounting Review, 70(2), 193–225.

Fama, E. (1980). Agency problems and the theory of the firm. Journal of Political Economy, 88(2), 288–307. DOI: https://doi.org/10.1086/260866

Fama, E. y Jensen, M. (1983). Agency problems and residual claims. Journal of Law and Economics, 26(2), 327–349. DOI: https://doi.org/10.1086/467038

García B., Gill, B. y Gisbert, A. (2005). La Investigación sobre Earning management. Revista Española de Financiación y Contabilidad, 34(127), 1001–1033. DOI: https://doi.org/10.1080/02102412.2005.10779570

Gong, G.J, Louis, H., y Sun, A.X. (2008). Earnings management and firm performance following open-market repurchases. The Journal of Finance 58(2), 947–986. DOI: https://doi.org/10.1111/j.1540-6261.2008.01336.x

Guidry, F, Leone, A. J., Rock, S. (1999). Earnings-based bonus plans and earnings management by business-unit managers. Journal of Accounting and Economics 26(1-3), 113–142. DOI: https://doi.org/10.1016/S0165-4101(98)00037-8

Healy, P. y Wahlen, M. (1999). A review of the earnings management literature and its implications for standard setting. Accounting Horizons, 13(4), 365–383. DOI: https://doi.org/10.2308/acch.1999.13.4.365

Healy, P. (1985). The effect of bonus schemes on accounting decisions. Journal of Accounting and Economics, 7(1-3), 85–107. DOI: https://doi.org/10.1016/0165-4101(85)90029-1

Jensen, M. y Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. DOI: https://doi.org/10.1016/0304-405X(76)90026-X

Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research. 29(2), 193–128. DOI: https://doi.org/10.2307/2491047

Kuang, Y.F. (2008). Performance-vested stock options and earnings management, Journal of Business Finance and Accounting, 35(9-10), 1049–1078. DOI: https://doi.org/10.1111/j.1468-5957.2008.02104.x

McNichols, M. (2000). Research design issues in earning management studies. Journal of Accounting and Public Policy 19(4-5), 313–345. DOI: https://doi.org/10.1016/S0278-4254(00)00018-1

Monterrey, J. (1998). Un recorrido por la contabilidad positiva.Revista Española de Financiación y Contabilidad, 27(95), 427–467.

Perry, S. y Williams, T. (1994). Earnings management preceding management buyout offers. Journal of Accounting & Economics, 18(2), 157–179. DOI: https://doi.org/10.1016/0165-4101(94)00362-9

Rangan, S. (1998). Earnings management and the performance of seasoned equity offerings. Journal of Financial Economics, 50(1), 101–122. DOI: https://doi.org/10.1016/S0304-405X(98)00033-6

Schipper, K. (1989). Commentary on earnings management. Accounting Horizons, 3(4),91–102.

Shivakumar, L. (2000). Do firms mislead investors by overstating earnings around seasoned equity offerings? Journal of Accounting and Economics, 29(3), 339–371. DOI: https://doi.org/10.1016/S0165-4101(00)00026-4

Soler, E. (2013). La calidad de la información contable en las empresas familiares y no familiares en España. (Tesis Doctoral). Universidad Politécnica de Cataluña.

Teoh, S.H., Welch, I. y Wong, T.J. (1998). Earnings management and the long-run market performance of initial public offerings. The Journal of Finance 53(6), 1935–1974. DOI: https://doi.org/10.1111/0022-1082.00079

Vásquez, N. (2012). Impacto de las IFRS en los reports financieros de empresas listadas en la Bolsa Mexicana de Valores. Revista de Administración Finanzas y Economía 6(1), 89–107.

Watts, R. L. y Zimmerman, J. L. (1986). “Positive Accounting Theory”. Englewood Clifffs: Prentice Hall.

Descargas

Publicado

2018-07-19

Cómo citar

Alanís Aguilar, I., & Rodríguez García, M. del P. (2018). La práctica de la gestión de ganancias (The earning management practice). Innovaciones De Negocios, 14(28). https://doi.org/10.29105/rinn14.28-3