资源描述：
《报告的盈余管理，以避免政治上的成本沙特阿拉伯公司的研究【外文翻译】》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、外文翻译原文：TheManagementofReportedEarningstoAvoidPoliticalCosts:AStudyofSaudiArabianFirmsIntroductionAfterthe2006accounting-relatedscandalsinSaudiArabia(e.g.AnaamInternationalHoldingGroupandBishahAgricultureDevelopmentCompany),boththefinancialpressandaccount
2、ingregulator(SaudiOrganizationforCertifedPublicAccountants,hereafterSOCPA)haveexpressedconcernaboutthepervasivenessofearningsmanagementandtheoverallintegrityoffinancialreportinginSaudiArabia.TheaccountingempiricalliteratureinSaudiArabiaindicatesthatearni
3、ngsmanagementbehaviourdoesexistamongSaudi-listedcompanies.Almoghaiwli(2001)focusedonasingleaccountingpolicy,namelytheZakatpolicy,andprovidedempiricalevidenceontherelationshipbetweentheaccountingtreatmentofZakatby48Saudi-listedcompaniesin1995andincentives
4、forearningsmanagement.Alsehali(2006)testedtherelationshipbetweenaggregateaccrualsandincentivesforearningsmanagement.Hefoundthat,duringtheperiod2001-2004,managersof40Saudicompaniesmanipulateaccrualsinordertoreachspecificbenchmarksinthelevelofreportedearni
5、ngsandunderstateanyrealunfavourableearnings(e.g.earningslossesorearningsdecreases).ThisstudyissomewhatsimilartothestudiesofAlmoghaiwli(2001)andAlsehali(2006)inthatitsaimistoempiricallyinvestigatethefactorsthatmayexplainthepresenceofearningsmanagementinSa
6、udiArabia.However,ourstudydiffersfromthetwoSaudistudiesinthatitdevelopsanexplicitlinkbetweenthepoliticalprocessinSaudiArabiaanditseffectonconductingearningsmanagementbehaviour.Morespecifically,thecurrentstudypredictsthatmanagersofSaudi-listedcompaniesman
7、agereportedearningssoastoavoidthepotentialpoliticalcostsofthegoalsofthe2005-2009Saudidevelopmentplanincluding“privatisationofgovernmentownedenterprises”,“endtothesubsidisation”,and“replacementofforeignlabourwithSaudiworkers”.Furthermore,wefollowtheworkof
8、Dechow,Sloan,andSweeney(1995)andLeuz,Nanda,andWysocki(2003)inmeasuringearningsmanagementbyincomesmoothingvariable,whichisequaltooneminusthecontemporaneouscorrelationbetweenthechangeinaccountingaccrualsandthechangeinoperati
