The effect of financial crisis on earnings quality - international evidence on changes in earnings quality during the global financial crisis around 2008-2010

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.author Koivistoinen, Anu
dc.date.accessioned 2015-04-02T12:47:28Z
dc.date.available 2015-04-02T12:47:28Z
dc.date.issued 2015
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/15503
dc.description.abstract RESEARCH OBJECTIVES: The objective of this thesis was to research, whether the financial crisis at the end of the first decade of the current millennium had an effect on the quality of reported earnings. The focus is in the direction of changes in earnings quality during the financial crisis. Additionally, differences between geographical areas are in the interest of this thesis. DATA AND METHODOLOGY: The final sample of this thesis consists of 37 countries. The data was retrieved from Thomson One Banker Worldscope -database, and it includes the public companies listed in the main stock exchange of each country. Earnings quality was measured with two different methods: an aggregate measure of earnings management and a model based on discretionary accruals. The research questions were analyzed using SPSS software by applying repeated measures analysis of variance test, paired samples t-test and Friedman test. RESULTS: While the findings of this thesis are not univocal, the analysis gives some statistically significant results. The majority of the findings is related to the sample of Europe. However, the evidence is mixed. On one hand, the results give some support to decreased earnings quality during the global financial crisis. On the other hand, indications of improved earnings quality during the Eurozone crisis are also found. The results do not clearly reveal, whether earnings quality normalizes post-crisis. The geographical area affects the changes in earnings quality during the financial crisis. en
dc.format.extent 102
dc.language.iso en en
dc.title The effect of financial crisis on earnings quality - international evidence on changes in earnings quality during the global financial crisis around 2008-2010 en
dc.type G2 Pro gradu, diplomityö fi
dc.contributor.school Kauppakorkeakoulu fi
dc.contributor.school School of Business en
dc.contributor.department Laskentatoimen laitos fi
dc.contributor.department Department of Accounting en
dc.subject.keyword earnings quality
dc.subject.keyword tuloksen laatu
dc.subject.keyword earnings management
dc.subject.keyword tuloksen ohjaus
dc.subject.keyword financial crisis
dc.subject.keyword finanssikriisi
dc.identifier.urn URN:NBN:fi:aalto-201504032158
dc.type.dcmitype text en
dc.programme.major Accounting en
dc.programme.major Laskentatoimi fi
dc.type.ontasot Master's thesis en
dc.type.ontasot Pro gradu tutkielma fi
dc.subject.helecon laskentatoimi
dc.subject.helecon accounting
dc.subject.helecon rahoitusmarkkinat
dc.subject.helecon financial markets
dc.subject.helecon kriisi
dc.subject.helecon crisis
dc.subject.helecon tulos
dc.subject.helecon return
dc.subject.helecon laatu
dc.subject.helecon quality
dc.ethesisid 13913
dc.date.dateaccepted 2015-03-12
dc.location P1 I


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