Earnings Management in Polish Companies

• Autorzy: Janusz Brzeszczyński , Jerzy Gajdka , Tomasz Schabek

Warianty tytułu

Zarządzanie zyskiem w polskich spółkach giełdowych

• Języki publikacji: EN

Abstrakty

EN

This paper presents results of the investigation of a phenomenon known as "earnings management" (EM) among the companies listed on the Polish stock market. The distribution of earnings per share (EPS) for the stocks around the threshold value of "zero" and the threshold of "recent performance" was analyzed in the period of years 1997-2010. Moreover, the changes of earnings for the stocks, which are suspected to manipulate their earnings, were also investigated. The results, which indicate asymmetric distribution of earnings around the zero threshold along with the relative deterioration of earnings in the year following the period when the companies were suspected to conduct earnings management practices, provide evidence that this phenomenon exists among Polish stock market companies. (original abstract)

W artykule zaprezentowano rezultaty analizy zjawiska znanego jako "zarządzanie zyskami", wśród spółek z polskiego rynku kapitałowego. Przeanalizowano rozkład zysku na akcję wokół progu "zero" oraz progu wyznaczonego w oparciu o wartości zysku na akcję z okresu przeszłego w okresie 1997-2010. Wyniki badania potwierdziły występowanie asymetrii rozkładu zysku na akcję wokół progu "zero" oraz spadek zysków w latach następujących po "zarządzaniu zyskiem" co wskazuje na występowanie analizowanego zjawiska na polskim rynku kapitałowym. (abstrakt oryginalny)

Słowa kluczowe

EN

Capital market; Earnings per Share (EPS); Stock market companies; Earnings management

PL

Rynek kapitałowy; Zysk na akcję; Spółki giełdowe; Zarządzanie zyskami

• Czasopismo: Comparative Economic Research
• Rocznik: 2011
• Tom: 14
• Numer: nr 3
• Strony: 137--150

Twórcy

autor

Janusz Brzeszczyński

• University of Lodz, Poland

autor

Jerzy Gajdka

• University of Lodz, Poland

autor

Tomasz Schabek

• University of Lodz, Poland

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Identyfikatory

DOI

https://doi.org/10.2478/v10103-011-0023-1