多元化(营销策略)
情感(语言学)
盈余管理
路径分析(统计学)
业务
收益
经济
会计
营销
统计
数学
心理学
沟通
作者
Hajar El Mouttaqui,Kimberly C. Gleason,Pornsit Jiraporn,Feras M. Salama
摘要
We examine whether and how corporate diversification affects earnings management. We find that diversified firms exhibit lower earnings management than comparable portfolios of single-segment firms and that the magnitude of reduction in earnings management increases with greater diversification. Using path analysis, we find that diversification decreases earnings management by reducing both earnings volatility and the need for external financing and by increasing the propensity to pay dividends. Our results are robust to using different measures of diversification and earnings management and continue to hold when we account for endogeneity using both the Heckman two-stage model and propensity score matching.
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