An analysis of the positive effect of real earnings management on financial performance Article Swipe
Hyoung-Joo Lim
,
Dafydd Mali
·
YOU?
·
· 2023
· Open Access
·
· DOI: https://doi.org/10.1108/ara-07-2022-0178
YOU?
·
· 2023
· Open Access
·
· DOI: https://doi.org/10.1108/ara-07-2022-0178
Purpose REM models infer abnormal levels of cashflow from operations (AbCFO), selling, general and admin (AbSGA) and production expenses (AbProd) are opportunistic, based on the supposition that engaging in real activities to meet current earnings targets (t) will negatively influence future performance (t+1). However, from a firm productivity perspective, cost reduction (via AbCFO, AbProd and AbSGA) is interpreted as an efficiency enhancing business strategy. This study therefore differentiates between (1) firms with ineffective management that have engaged in AbCFO, AbProd and AbSGA to achieve an optimal resource-cost mix to generate sales (REMF) and (2) firms with effective management that have not (OEF). Design/methodology/approach Using a sample of Korean listed firms over the 2000–2016 sample period, the study utilizes data envelopment analysis to capture the capability of management to generate sales from resources that are directly under their control. The study then compares the incremental effect that managerial decision making can have on real earnings management (REM) and future firm performance (period t+1 to t+5). Findings The study makes two important contributions. First, consistent with the efficiency/productivity literature, but contrary to seminal REM studies, empirical results shows that AbCFO, AbProd and AbSGA improve firm performance in period t and t+1 (to t+5), demonstrating “REM” is not opportunistic by default. Second, OEF have higher financial performance compared to REMF, in periods t and t+1. Originality/value The study therefore invokes resource-based theory and data envelopment analysis to integrate managerial effectiveness (human capital) into REM modelling. The study therefore extends the basic REM residual model.
Related Topics
Concepts
Data envelopment analysis
Earnings management
Productivity
Sample (material)
Originality
Business
Earnings
Cash flow
Value (mathematics)
Working capital
Economics
Industrial organization
Accounting
Econometrics
Computer science
Political science
Machine learning
Law
Chromatography
Mathematics
Chemistry
Mathematical optimization
Creativity
Macroeconomics
Metadata
- Type
- article
- Language
- en
- Landing Page
- https://doi.org/10.1108/ara-07-2022-0178
- OA Status
- green
- Cited By
- 4
- References
- 67
- Related Works
- 10
- OpenAlex ID
- https://openalex.org/W4317831413
All OpenAlex metadata
Raw OpenAlex JSON
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https://openalex.org/W4317831413Canonical identifier for this work in OpenAlex
- DOI
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https://doi.org/10.1108/ara-07-2022-0178Digital Object Identifier
- Title
-
An analysis of the positive effect of real earnings management on financial performanceWork title
- Type
-
articleOpenAlex work type
- Language
-
enPrimary language
- Publication year
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2023Year of publication
- Publication date
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2023-01-15Full publication date if available
- Authors
-
Hyoung-Joo Lim, Dafydd MaliList of authors in order
- Landing page
-
https://doi.org/10.1108/ara-07-2022-0178Publisher landing page
- Open access
-
YesWhether a free full text is available
- OA status
-
greenOpen access status per OpenAlex
- OA URL
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https://nottingham-repository.worktribe.com/output/16495279Direct OA link when available
- Concepts
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Data envelopment analysis, Earnings management, Productivity, Sample (material), Originality, Business, Earnings, Cash flow, Value (mathematics), Working capital, Economics, Industrial organization, Accounting, Econometrics, Computer science, Political science, Machine learning, Law, Chromatography, Mathematics, Chemistry, Mathematical optimization, Creativity, MacroeconomicsTop concepts (fields/topics) attached by OpenAlex
- Cited by
-
4Total citation count in OpenAlex
- Citations by year (recent)
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2025: 1, 2024: 2, 2023: 1Per-year citation counts (last 5 years)
- References (count)
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67Number of works referenced by this work
- Related works (count)
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10Other works algorithmically related by OpenAlex
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| publication_date | 2023-01-15 |
| publication_year | 2023 |
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