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Earnings management through derivati...

Tam, Kinsun.

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Earnings management through derivative activities: Evidence from banks.

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Earnings management through derivative activities: Evidence from banks./
作者:	Tam, Kinsun.
面頁冊數:	93 p.
附註:	Adviser: Gim S. Seow.
Contained By:	Dissertation Abstracts International60-12A.
標題:	Business Administration, Accounting. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9956489
ISBN:	0599595493

Earnings management through derivative activities: Evidence from banks.
Tam, Kinsun.

Earnings management through derivative activities: Evidence from banks. - 93 p.

Adviser: Gim S. Seow.

Thesis (Ph.D.)--The University of Connecticut, 1999.

This study examines whether banks manage earnings through derivative activities. Under SFAS No. 119, trading and non-trading derivatives are accounted for differently. Trading purpose derivatives are measured at fair value with gains or losses recognized in earnings. While non-trading purpose derivatives need not be recognized in the financial statements, their fair values have to be disclosed in the footnotes. This difference in accounting treatment provides banks an opportunity to manage earnings by manipulating derivative classification.

ISBN: 0599595493Subjects--Topical Terms:

1020666
Business Administration, Accounting.

Earnings management through derivative activities: Evidence from banks.
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100 1 $a Tam, Kinsun. $3 1260633
245 1 0 $a Earnings management through derivative activities: Evidence from banks.
300 $a 93 p.
500 $a Adviser: Gim S. Seow.
500 $a Source: Dissertation Abstracts International, Volume: 60-12, Section: A, page: 4500.
502 $a Thesis (Ph.D.)--The University of Connecticut, 1999.
520 $a This study examines whether banks manage earnings through derivative activities. Under SFAS No. 119, trading and non-trading derivatives are accounted for differently. Trading purpose derivatives are measured at fair value with gains or losses recognized in earnings. While non-trading purpose derivatives need not be recognized in the financial statements, their fair values have to be disclosed in the footnotes. This difference in accounting treatment provides banks an opportunity to manage earnings by manipulating derivative classification.
520 $a Tests for earnings management are conducted by regressing the discretionary components of fair value changes of trading and non-trading derivatives on proxies for earnings management incentives. These incentives include earnings smoothing, avoidance of debt-covenant violation, loss aversion, and bonus maximization. Consistent with prior literature (McNichols and Wilson, 1988; Guidry et al., 1998), the discretionary components are first estimated indirectly using a separate model.
520 $a Empirical results indicate that banks engage in earnings management to smooth reported earnings and to avoid reporting losses. There is also partial evidence of earnings management to maximize bonus awards. These results suggest inadequacy in current accounting standards, and support the ongoing efforts of the FASB and the SEC to improve the accounting for and disclosure of derivatives.
590 $a School code: 0056.
650 4 $a Business Administration, Accounting. $3 1020666
650 4 $a Business Administration, Banking. $3 1018458
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710 2 0 $a The University of Connecticut. $3 1249323
773 0 $t Dissertation Abstracts International $g 60-12A.
790 $a 0056
790 1 0 $a Seow, Gim S., $e advisor
791 $a Ph.D.
792 $a 1999
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9956489