CEOs and Earnings Management: the Distributional Anomalies of Discretionary Accruals in Post-SOX Era

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorJarva, Henry
dc.contributor.authorPantzar, Jere
dc.contributor.departmentLaskentatoimen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2016-10-20T11:48:59Z
dc.date.available2016-10-20T11:48:59Z
dc.date.issued2016
dc.description.abstractThis thesis examines anomalies related to the discretionary accruals usage during the tenures of CEOs in listed U.S. companies since the implementation of Sarbanes-Oxley Act. The approach used in this thesis is quantitative in nature. Four well-known discretionary accruals models: Healy model, DeAngelo model, Jones model and modified Jones are used in to separate discretionary accruals from the total accruals. The sample consists of financial and executive data of listed U.S. companies between the years 2003-2013. The results of this study strongly support the idea that income-increasing accruals are used in the final year of the average CEO’s tenure. Furthermore, support for the usage of income-increasing discretionary accruals during the early years of CEO’s tenure was found. In addition, in the transition year between two CEOs, weak evidence for the downwards management of discretionary accruals was observed.en
dc.ethesisid14807
dc.format.extent60
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/23034
dc.identifier.urnURN:NBN:fi:aalto-201610205147
dc.language.isoenen
dc.locationP1 Ifi
dc.programmeAccountingen
dc.subject.heleconlaskentatoimifi
dc.subject.heleconohjausjärjestelmätfi
dc.subject.helecontulosfi
dc.subject.heleconjohtaminenfi
dc.subject.heleconjohtajatfi
dc.subject.keywordearnings managementen
dc.subject.keyworddiscretionary accrualsen
dc.subject.keywordCEOen
dc.subject.keywordSarbanes-Oxley Acten
dc.titleCEOs and Earnings Management: the Distributional Anomalies of Discretionary Accruals in Post-SOX Eraen
dc.typeG2 Pro gradu, diplomityöfi
dc.type.ontasotMaster's thesisen
dc.type.ontasotMaisterin opinnäytefi
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