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| Tekijä: | Fernandes, N. Guedes, J. |
| Otsikko: | Keeping up with the Joneses: A model and a test of collective accounting fraud |
| Lehti: | European Financial Management
2010 : JAN, VOL. 16:1, p. 72-93 |
| Asiasana: | management executives corporate governance accounting fraud |
| Vapaa asiasana: | earnings manipulation |
| Kieli: | eng |
| Tiivistelmä: | By putting the behaviour and motivation of managers under the microscope, this paper explains the variations in incidence of accounting fraud across economic settings. Managers of firms performing poorly are inclined to fraudulently inflate earnings (hereafter as: erngs.) in case they expect the economy to be strong, since that raises the likelihood of peers reporting high performance (here as: perf). On the other hand, a realised level of economic activity counteracts this tendency on the part of managers to overstate erngs. by reducing the number of firms actually performing poorly. These two effects are named as 'the incentive effect' and 'the need effect', respectively. A distinctive relationship btw. the incidence of accounting fraud and macroeconomic conditions is resulting. Specifically, the fraction of firms fraudulently over-reporting erngs. is positively related to expected economic perf. and negatively related to realized economic perf. The results of the study unambiguously support the predicted influence of macroeconomic performance. |
SCIMA