Corporate Life Cycle and Earnings Benchmarks

Choi, Jin Woo; Choi, Wonsuk; Lee, Eun Suh

doi:10.1111/auar.12100

Cited by 19 publications

(34 citation statements)

References 72 publications

(183 reference statements)

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“…Tentunya, hal ini akan mendorong motivasi pihak manajemen untuk semakin melakukan manajemen laba (Yulianti, 2005;Choi et al, 2016;Madhogarhia et al 2009).…”

Section: Manajemen Laba Dan Siklus Hidup Perusahaanunclassified

“…Dengan demikian, nilai manajemen laba pada tahap mature cenderung lebih kecil dibandingkan tahap sebelumnya (Choi et al, 2016;Chen, 2016;Mulyasari et al 2016; Zamrudah dan Salman, 2013).…”

Section: Manajemen Laba Dan Siklus Hidup Perusahaanunclassified

“…Penelitian yang membahas tentang tingkat manajemen laba pada setiap tahap siklus hidup perusahaan pernah dilakukan di Indonesia (Mulyasari et al 2016) dan di Amerika (Madhogarhia et al 2009) juga menggunakan metode pengklasifikasian Anthony dan Ramesh (1992). Sedangkan, penelitian yang menggunakan metode Dickinson (2011) dalam membahas tingkat manajemen laba pada setiap tahap siklus hidup perusahaan dilakukan terhadap sampel perusahaan di Amerika oleh Choi et al (2016). Penelitian ini menggunakan metode Dickinson (2011) untuk menyempurnakan penelitian sebelumnya dalam mengukur tingkat perbedaan manajemen laba pada setiap tahap siklus hidup perusahaan di Indonesia.…”

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Tingkat Manajemen Laba Pada Berbagai Tahap Siklus Hidup Perusahaan Di Indonesia

Hartono

Hadyan

Rinaningsih

et al. 2020

CURRENT

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This research is conducted to examine the differences in earnings management level at various company life cycle stages in Indonesia, especially for public companies which listed on Indonesia Stock Exchange from 2002 to 2016. This research uses a sample of 4,400 observational data which obtained by purposive sampling from Capital IQ. To determine the stage of the company life cycle, this research uses Dickinson's (2011) model criteria by dividing the company life cycle into five stages: introduction, growth, mature, shake-out, and decline. This research is tested with the ANOVA model and proves that there is a significant difference in the level of earnings management in the decline, introduction, and shake-out companies compared to the growth stage. However, the results of this study proves that the value of earnings management in growth and mature stage companies are not significantly difference.

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“…Tentunya, hal ini akan mendorong motivasi pihak manajemen untuk semakin melakukan manajemen laba (Yulianti, 2005;Choi et al, 2016;Madhogarhia et al 2009).…”

Section: Manajemen Laba Dan Siklus Hidup Perusahaanunclassified

“…Dengan demikian, nilai manajemen laba pada tahap mature cenderung lebih kecil dibandingkan tahap sebelumnya (Choi et al, 2016;Chen, 2016;Mulyasari et al 2016; Zamrudah dan Salman, 2013).…”

Section: Manajemen Laba Dan Siklus Hidup Perusahaanunclassified

unclassified

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Tingkat Manajemen Laba Pada Berbagai Tahap Siklus Hidup Perusahaan Di Indonesia

Hartono

Hadyan

Rinaningsih

et al. 2020

CURRENT

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“…It is difficult to find research related to IACSs of Korean companies and the discretionary tax reporting behaviour of managers. However, several studies show a connection between the audit quality and company characteristics of Korean companies and the discretionary tax reporting behaviour of managers (Jung 2016;Lee et al 2013;Choi et al 2016).…”

Section: Previous Studies On Internal Accounting Control Systemsmentioning

confidence: 99%

The Effect of Personnel Characteristics in the Internal Accounting Control System on Discretionary Tax Accruals: Evidence from Korea

Park

Lee

2018

Australian Accounting Review

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This study examines whether the characteristics of personnel in a firm's internal accounting control system (IACS) and auditor characteristics control managers’ discretionary behaviour for tax planning. The study uses a sample of 4210 firm‐year observations from 2006 to 2014. The results show that managers’ discretionary tax planning cannot be controlled when the personnel in charge of internal accounting control are at an optimum level or higher. On the other hand, when a CPA is included among the personnel, the manager's discretionary behaviour is somewhat controlled. Moreover, the results show that firms audited by a large accounting firm also control the manager's discretionary tax planning to some extent. Unlike previous studies that examine the effects of IACS on discretionary accruals mostly in terms of book income, this study's contribution is an examination of the effects of the characteristics of personnel in IACS on the relationship between discretionary book‐tax conformity accruals and discretionary book‐only accruals that can be used when the manager establishes a tax plan. Additionally, this study also provides indirect evidence that the characteristics of auditors and personnel in charge of internal accounting perform a monitoring role that controls the manager's opportunistic behaviour.

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“…Alternatively, this study uses the corporate life cycle to measure high technology firms. This study follows the Dickinson (2011) model to construct the second proxy for high technology firms pertaining to corporate life cycle because other measures such as firm age and firm size have limitations that may not reflect the stages of development well (Choi, Choi, and Lee 2016;Lippitt and Schmidt 1967). To overcome this, Dickinson 2011 In accordance with the Dickinson (2011) model, this study uses the second proxy, Intro_Gri,t, referring to an indicator variable equal to 1 if they are at the introduction and growth stages, and 0 otherwise.…”

Section: High Technology Firmsmentioning

confidence: 99%

Managerial incentives and investment efficiency in high technology firms

Yu¹

2018

Glob Bus Financ Rev

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This study explores the effect of the CEO equity incentive on the investment efficiency of high technology firms. Previous studies suggest that the CEO equity incentive is an influential factor in the CEO using discretion for his or her own benefits. Further, high technology firms have not only a highly uncertain information environment, but also a unique corporate life cycle, concentrating on the earlier stages. The frequent adjustment in product designs to meet the market requirement can significantly alter the level of capital investments. Thus, this study hypothesizes that both CEO equity incentive and high technology significantly reduce the investment efficiency of firms because of the high level of information asymmetry. Using a sample of 10,556 firm-year observations from 2000 to 2014 for U.S. public firms, this study provides clinching evidence that both CEO equity incentive and high technology significantly decrease investment efficiency of firms. Further, this study finds that the investment efficiency decreases more in high technology firms with CEO equity incentive. This study contributes to the literature by finding that the CEO equity incentive and high technology firms are significant determinants of investment efficiency owing to the highly uncertain information environment they face.

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Corporate Life Cycle and Earnings Benchmarks

Cited by 19 publications

References 72 publications

Tingkat Manajemen Laba Pada Berbagai Tahap Siklus Hidup Perusahaan Di Indonesia

Tingkat Manajemen Laba Pada Berbagai Tahap Siklus Hidup Perusahaan Di Indonesia

The Effect of Personnel Characteristics in the Internal Accounting Control System on Discretionary Tax Accruals: Evidence from Korea

Managerial incentives and investment efficiency in high technology firms

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