The Effects of Financial Derivatives on Earnings Management and Market Mispricing
Abstract
Keywords
DOI: 10.22146/gamaijb.34112
References
Allayannis, G., and Weston, J. P. (2001). The Use of Foreign Currency Derivatives and Firm Market Value. The Review of Financial Studies, 14(1), 243–276.
Asdrubali, P., and Kim, S. (2008). On the empirics of international smoothing. Journal of Banking and Finance, 32(3), 374–381.
Barton, J. (2001). Does the Use of Financial Derivatives Affect Earnings Management Decisions? The Accounting Review, 76(1), 1–26.
Dechow, P. M. (1994). Accounting Earnings and Cash Flow as Measures of Firm Performance: The role of accounting accruals. Journal of Accounting and Economics, 18(1), 3–42.
Dichev, I. D., and Tang, V. W. (2009). Earnings volatility and earnings predictability. Journal of Accounting and Economics, 47(1-2), 160–181.
Dichev, I. D., John R. Graham, Campbell R. Harvey, and Shiva Rajgopal. (2013). Earnings quality: Evidence from the field. Journal of Accounting and Economics, 56, 1-33.
Huang, P., Zhang, Y., Deis, D. R., and Moffitt, J. S. (2009). Do artificial income smoothing and real income smoothing contribute to firm value equivalently? Journal of Banking and Finance, 33(2), 224–233.
Kothari, S. P., Leone, A. J., and Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163–197.
Mishkin, F. S. (1985). A rational expectations approach to macroeconometrics: Testing policy ineffectiveness and efficient-markets models. Journal of Macroeconomics, 7(1), 127.
Murwaningsari, E., Utama, S., and Rossieta, H. (2015). The Combined Effects of Financial Derivatives and Discretionary Accruals on the Value Relevance of Earnings and the Book Value of Equity. Gadjah Mada International Journal of Business, 17(2), 179–198.
Papa, V. (2010). Impact of US derivatives accounting policy (SFAS 133) on income smoothing choices and disclosure of derivatives related information. Ph.D Thesis. Cranfield School of Management.
Petersen, M., and Thiagarajan, S. (2000). Risk Measurement and Hedging: With and Without Derivatives. Financial Management, 29(Winter 2000), 5–30.
Pincus, M., and Rajgopal, S. (2002). The Interaction between Accrual Management and Hedging: Evidence from Oil and Gas Firms. The Accounting Review, 77(1), 127–160.
Shaw, K. W. (2003). Corporate disclosure quality, earnings smoothing, and earnings’ timeliness. Journal of Business Research, 56(12), 1043–1050.
Siregar, S. V., and Utama, S. (2008). Type of earnings management and the effect of ownership structure, firm size, and corporate-governance practices: Evidence from Indonesia. The International Journal of Accounting, 43(1) , 1-27.
Smith, C. W., and Stulz, R. M. (1985). The Determinants of Firms’ Hedging Policies. Journal of Financial and Quantitative Analysis, 20(4), 391–405.
Watts, R. L., and Zimmerman, J. L. (1978). Towards a Positive Theory of the Determination of Accounting Standards Towards a Positive Theory of the Determination of Accounting. The Accounting Review, 53(1), 112–134.Refbacks
- There are currently no refbacks.
Copyright (c) 2019 Gadjah Mada International Journal of Business
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.