Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
"Accounting Hocus-Pocus": En studie över de oberoende styrelseledamöternas påverkan på resultatmanipulering
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
Linnaeus University, School of Business and Economics, Department of Management Accounting and Logistics.
2019 (Swedish)Independent thesis Advanced level (degree of Master (One Year)), 20 credits / 30 HE creditsStudent thesisAlternative title
"Accounting Hocus-Pocus" : A study of the independent directors effect on earnings management (English)
Abstract [sv]

Sammanfattning

Examensarbete, Civilekonomprogrammet

Titel: Accounting Hocus-Pocus - En studie över de oberoende styrelseledamöternas påverkan på resultatmanipulering.

Bakgrund: De principbaserade regelverk som börsnoterade företag tvingas följa, skapar utrymme för ledningen att manipulera redovisningen. Utöver dessa möjligheter kan ledningen dessutom genom manipulation av kassaflödet, justera företagets resultat. När dessa resultatmanipulationer används med fel avsikt riskerar de att minska informationsvärdet av företagets redovisning. Vi ställer oss frågande till hur styrelsens oberoende kan förklara resultatmanipulering.

Syfte: Studien avser att förklara i vilken utsträckning resultatmanipulering i svenska företag påverkas av styrelsens oberoende.

Metod: Genom användning av tvärsnittsstudie med en deduktiv ansats har studien granskat huruvida resultatmanipulering påverkas av styrelseledamöternas oberoende, samt av olika attribut som anses förstärka ledamöternas övervakande effekt. Studiens hypoteser formulerades med hjälp av teorier som PAT, Agentteorin och Stewardshipteorin som sedan testades mot data insamlad från företag på Stockholmsbörsen för år 2017.

Slutsatser: Studien finner avvikelser mellan resultaten för redovisningsmanipulation och kassaflödesmanipulation. Resultatet visar att oberoende styrelseledamöter i svenska styrelser har en negativ relation till kassaflödesmanipulering, medan relationen till redovisningsmanipulation är positiv.

Abstract [en]

Abstract

Master Thesis in Business Administration

Titel: Accounting Hocus-Pocus - A study of the independent directors effect on earnings management

Background: The principle-based regulation that listed companies are obliged to follow gives the management opportunities to manipulate the accounting with discretionary accruals, and thereby changing the reported earnings of the company.  The management could also manipulate the earnings through real activities manipulation. When these acts of earnings management are used with the wrong intentions it could reduce the information value of the company’s financial reports. We are questioning how different board dependence and -independence could explain earnings management.

Purpose: The study aims to explain to what extent earnings management in Swedish companies is affected by board independence.

Method: By using a cross-sectional study with a deductive approach our study has researched how earnings management is affected by board independence, and how different attributes is to enhance the independent board members monitoring. Hypotheses were formed through theories such as PAT, Agency theory and Stewardship theory which later was tested with data gathered from companies of the Stockholm stock exchange of the year 2017.

Conclusions: Our study finds a difference between the results of manipulation through the discretionary accruals and real activities manipulation. The result show that independent directors have a negative effect on cash flow manipulation while they have a positive effect on accounting manipulation.

Place, publisher, year, edition, pages
2019. , p. 158
Keywords [en]
Earnings management, independent directors, Swedish coporate governance code, discretionary accruals, real activities manipulation
Keywords [sv]
Resultatmanipulering, Oberoende styrelseledamöter, Svensk bolagsstyrningskod, godtyckliga periodiseringar, kassaflödesmanipulation
National Category
Business Administration
Identifiers
URN: urn:nbn:se:lnu:diva-85722OAI: oai:DiVA.org:lnu-85722DiVA, id: diva2:1328447
Subject / course
Business Administration - Accounting
Educational program
Business Administration and Economics Programme, 240 credits
Presentation
2019-06-05, Myrdal_V, Växjö, 10:00 (Swedish)
Supervisors
Examiners
Available from: 2019-06-24 Created: 2019-06-20 Last updated: 2019-06-24Bibliographically approved

Open Access in DiVA

Accounting Hocus-Pocus(1233 kB)12 downloads
File information
File name FULLTEXT01.pdfFile size 1233 kBChecksum SHA-512
ac1502d57af08a200cae1cd1cc3a084091a065ba1639ed414558b95a5e5af21ff95345cd5b92a071b97fe7dbf2b8c35026a21267307eb356da2f02bfcabf3374
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Krieg, DavidBjörklund, Fredrik
By organisation
Department of Management Accounting and Logistics
Business Administration

Search outside of DiVA

GoogleGoogle Scholar
Total: 12 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 72 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf