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Comparison of the effects of earnings management on the financial cost between companies in developed and emerging European countries

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dc.contributor.authorGonzález Sánchez, Mariano
dc.contributor.authorSegovia San Juan, Ana Isabel
dc.contributor.authorIbáñez Jiménez, Eva María
dc.date.accessioned2024-05-20T11:23:57Z
dc.date.available2024-05-20T11:23:57Z
dc.date.issued2023-07
dc.description.abstractEmpirical studies found that earnings management (EM) explains firms’ cost of capital both in companies in emerging and developed countries, but until now, it has not been analyzed whether the effect of EM on the financial cost is different among emerging countries inside or outside an economic area (Eurozone). Our results show that the cost of debt and the idiosyncratic component of the cost of equity are related to discretionary accruals and abnormal values of operating cash-flows, that the emerging country effect is more relevant on the cost of debt, that there is a Eurozone effect that makes discretionary accruals more relevant than abnormal values of operating cash-flow and that firms in emerging countries inside the Eurozone benefit from a lower EM penalty on the cost of debt than firms in other emerging European countries.en
dc.description.versionversión publicada
dc.identifier.doihttps://doi.org/10.1002/jcaf.22622
dc.identifier.issn1044-8136 - eISSN 1097-0053
dc.identifier.urihttps://hdl.handle.net/20.500.14468/11893
dc.journal.issue3
dc.journal.titleJournal of Corporate Accounting & Finance
dc.journal.volume34
dc.language.isoen
dc.publisherWiley Online Library
dc.relation.centerFacultades y escuelas::Facultad de Ciencias Económicas y Empresariales
dc.relation.departmentEconomía de la Empresa y Contabilidad
dc.rightsAtribución-NoComercial 4.0 Internacional
dc.rightsinfo:eu-repo/semantics/openAccess
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0
dc.subject.keywordscost of debt
dc.subject.keywordscost of equity
dc.subject.keywordsearnings management
dc.subject.keywordsidiosyncratic risk
dc.subject.keywordssystematic risk
dc.titleComparison of the effects of earnings management on the financial cost between companies in developed and emerging European countrieses
dc.typeartículoes
dc.typejournal articleen
dspace.entity.typePublication
person.familyNameGonzález Sánchez
person.familyNameSegovia San Juan
person.familyNameIbáñez Jiménez
person.givenNameMariano
person.givenNameAna Isabel
person.givenNameEva María
person.identifier.orcid0000-0002-8255-9478
person.identifier.orcid0000-0001-5867-6490
person.identifier.orcid0000-0003-0396-369X
relation.isAuthorOfPublication1801f9f2-5927-4817-a82f-3baa664d18e1
relation.isAuthorOfPublication99559728-2011-4a2f-a766-4641487e2152
relation.isAuthorOfPublication87e5c96e-59e3-4736-a6cf-2ea7e6d9fc86
relation.isAuthorOfPublication.latestForDiscovery1801f9f2-5927-4817-a82f-3baa664d18e1
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