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Earnings Management and Financial Crisis in EU countries |
Jerzy Gajdka |
Uniwersytet Łódzki, Wydział Ekonomiczno-Socjologiczny, P.O.W. 3/5, Łódź 90-255, Poland |
Abstract |
The paper presents results of the study which aims to investigate the existence of „earnings management” (EM) phenomenon among the companies listed on the Polish stock market and to compare it to that phenomenon in EU market. The distribution of earnings per share (EPS) for stocks around the thresholds value of “zero” and the thresholds of “recent performance” was analyzed in the period of 1997-2010. Moreover, the changes of earnings for the stocks, which are suspected to manipulate their earnings, were also investigated. On that ground we applied the measure for the scope of EM in EU countries. Te paper examines differences in EU in that regard. We propose an explanation for these differences in the context of the size of financial crisis in particular EU countries. |
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Presentation: Oral at Current Economic and Social Topics CEST2013, Symposium on Financial Market Analysis, by Jerzy GajdkaSee On-line Journal of Current Economic and Social Topics CEST2013 Submitted: 2013-05-23 08:14 Revised: 2013-05-23 08:15 |