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Year 2023, Volume: 25 Issue: MODAVICA Özel Sayısı, 354 - 379, 27.03.2023

Neriman Yalcin , Mehmet Güneş

Abstract

References

  • Aksoy, F. (2019). İşletmelerde sürdürülebilirlik raporlama çerçeveleri. Muhasebe Bilim Dünyası Dergisi, 21(2), 324-346.
  • Akter, R., & Toha, M. A. (2021). Nexus between earning management and sustainability: A paradigm from emerging economies.
  • Aslanoğlu, S., Cengiz, S., Dinç, Y., & Dilsiz, M. (2016). Yaratıcı muhasebe uygulamalarının bağımsız denetim kalitesi üzerine etkisi: BIST'de bir uygulama/The Impact of Creative Accounting Practices on Independent Audit Quality: An Application in BIST. Muhasebe ve Finansman Dergisi, (69). Baltagi, B. H. (2008). Econometric analysis of panel data (Vol. 2). New York: Wiley.
  • Buertey, S., Sun, E. J., Lee, J. S., & Hwang, J. (2020). Corporate social responsibility and earnings management: The moderating effect of corporate governance mechanisms. Corporate Social Responsibility and Environmental Management, 27(1), 256-271.
  • Bozzolan, S., Fabrizi, M., Mallin, C.A. & Michelon, G. (2015). Corporate social responsibility and earnings quality: International evidence. The International Journal of Accounting, Vol. 50 No. 4, pp. 361-396.
  • Croissant, Y. & Millo, G. (2008). Panel data econometrics in R: The PLM package. Journal of Statistical Software, 27(2), 1-43.
  • Çetin, E. & Yaşar, A. (2021). The association between audit quality and earnings management using classification shifting. İşletme Bilimi Dergisi, 9 (2), 147-164. DOI: 10.22139/jobs.958329.
  • Dechow, P. M., Sloan, R. G. & Sweeney, A. P. (1995). Detecting earnings management. Accounting review, 193-225.
  • Driscoll, J. C. & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of Economics and Statistics, 80(4), 549-560.
  • Ertan, Y. (2018). Türkiye’de sürdürülebilirlik raporlaması (2005-2017). Journal of Accounting and Taxation Studies, 11(3), 463-478.
  • Farhan, M. (2018). Analysis of sustainability report disclosure towards financial performance with earning management as moderating variable (Doctoral dissertation, President University).
  • Gonçalves, T., Gaio, C. & Ferro, A. (2021). Corporate social responsibility and earnings management: Moderating impact of economic cycles and financial performance. Sustainability, 13(17), 9969.
  • Grimaldi, F., Caragnano, A., Zito, M. & Mariani, M. (2020). Sustainability engagement and earnings management: The Italian context. Sustainability, 12(12), 4881.
  • Güneş, M. & Yalçın, N. (2022). Finansal olmayan raporlamanın AB direktifi kapsamında incelenmesi: Bist kurumsal yönetim endeksi işletmeleri üzerine bir araştırma. Mali Çözüm Dergisi, 32(170), 111-148.
  • Hansen, B. E. (1995). Rethinking the univariate approach to unit root testing: Using covariates to increase power. Econometric Theory, 11(5), 1148-1171.
  • Hausman, J. A. (1978). Specification tests in econometrics. Econometrica: Journal of the Econometric Society, 1251-1271.
  • Hausman, J.A. & Taylor, W.E. (1981). Panel data and unobservable individual effects. Econometrica, 49, 1377–1398.
  • Hoechle, D. (2007). Robust standard errors for panel regressions with cross-sectional dependence. The Stata Journal, 7(3), 281-312.
  • Indy, L. A., Uzliawati, L. & Mulyasari, W. (2022). The effect of managerial ownership and institutional ownership on sustainability reporting and their impact on earning management. Journal of Applied Business, Taxation and Economics Research, 1(3), 243-256.
  • Kabadayi, B., Emsen, O. S. & Nisanci, M. (2012). The Relationship between Economic Growth and Financial Development in Emerging Countries. Proceedings of the Northeast Business & Economics Association.
  • Kim, Y., Park, M. S. & Wier, B. (2012). Is earnings quality associated with corporate social responsibility? The Accounting Review, 87(3), 761-796.
  • Martínez‐Ferrero, J., Garcia‐Sanchez, I. M. & Cuadrado‐Ballesteros, B. (2015). Effect of financial reporting quality on sustainability information disclosure. Corporate Social Responsibility and Environmental Management, 22(1), 45-64.
  • Muttakin, M. B., Khan, A. & Azim, M. I. (2015). Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behavior? Managerial Auditing Journal.
  • Ocak, M. (2018). The impact of auditor education level on the relationship between auditor busyness and audit quality in Turkey. Cogent Business & Management, 5(1), 1517588.
  • Sultanoğlu, B. & Akdoğan, N. (2020). IIRC çerçevesi kapsamında entegre raporlardaki içerik öğelerinin Türkiye ve uluslararası karşılaştırılması ve entegre raporların düzenlenmesinde sürdürülebilirlik raporlarındaki bilgilerin kullanımı. Muhasebe Bilim Dünyası Dergisi, Muhasebe Bilim Dünyası Dergisi, 22, 20-46. 20-46. DOI:10.31460/mbdd.646683.
  • Sumritsakun, C. (2022). The relationship between sustainable management and earning management of Thai listed firms in SET100 Index (No. jfbr196). Global Academy of Training and Research (GATR) Enterprise.
  • Şeker, Y. (2020). Finansal raporlama kalitesi ile çevresel sosyal ve kurumsal yönetim (esg) performansı arasındaki ilişkinin incelenmesine yönelik uluslararası bir araştırma, İstanbul Üniversitesi Sosyal Bilimler Enstitüsü İşletme Anabilim Dalı Muhasebe Bilim Dalı, Doktora Tezi, İstanbul.
  • Torres-Reyna, O. (2010). Getting started in fixed/random effects models using R. Data & Statistical Services. Princeton University.
  • Trisnawati, R. & Setiawati, E. (2016). Sustainability reporting and earning management (Empirical Studies in the companies that participated in the Indonesian Sustainability Reporting Award (ISRA)).
  • Velte, P. (2019). Does CEO power moderate the link between ESG performance and financial performance? A focus on the German two-tier system. Management Research Review.
  • Yalçın, N. (2022). Kurumsal sürdürülebilirlik performansı ile kazanç kalitesi arasındaki ilişki. Journal of Research in Business, 7 (1) , 208-228. DOI: 10,54452/jrb.1011929.
  • Zeileis, A. & Hothorn, T. (2002). Diagnostic checking in regression relationships. R News, 2(3), 7-10. URL https://CRAN.R-project.org/doc/Rnews/

THE RELATIONSHIP BETWEEN SUSTAINABILITY AND EARNINGS MANAGEMENT: A STUDY ON OECD COUNTRIES

Year 2023, Volume: 25 Issue: MODAVICA Özel Sayısı, 354 - 379, 27.03.2023

Neriman Yalcin , Mehmet Güneş

Abstract

This study aims to investigate the relationship between earnings management and sustainability performance of publicly traded (other than financial companies) companies in OECD countries. We analysed this in two periods, specifically 2000-2009 and 2010-2020 in founding member countries of OECD by using Panel Data Analysis techniques. The increase in sustainability performance data led to a natural break point in the analysis. The findings show that there is a statistically significant relationship between sustainability performance and earnings management with all its sub-components revealing that an increase in sustainability performance leads to a decrease in earnings management.

Keywords

Sürdürülebilirlik Kazanç yönetimi OECD ülkeleri management

References

  • Aksoy, F. (2019). İşletmelerde sürdürülebilirlik raporlama çerçeveleri. Muhasebe Bilim Dünyası Dergisi, 21(2), 324-346.
  • Akter, R., & Toha, M. A. (2021). Nexus between earning management and sustainability: A paradigm from emerging economies.
  • Aslanoğlu, S., Cengiz, S., Dinç, Y., & Dilsiz, M. (2016). Yaratıcı muhasebe uygulamalarının bağımsız denetim kalitesi üzerine etkisi: BIST'de bir uygulama/The Impact of Creative Accounting Practices on Independent Audit Quality: An Application in BIST. Muhasebe ve Finansman Dergisi, (69). Baltagi, B. H. (2008). Econometric analysis of panel data (Vol. 2). New York: Wiley.
  • Buertey, S., Sun, E. J., Lee, J. S., & Hwang, J. (2020). Corporate social responsibility and earnings management: The moderating effect of corporate governance mechanisms. Corporate Social Responsibility and Environmental Management, 27(1), 256-271.
  • Bozzolan, S., Fabrizi, M., Mallin, C.A. & Michelon, G. (2015). Corporate social responsibility and earnings quality: International evidence. The International Journal of Accounting, Vol. 50 No. 4, pp. 361-396.
  • Croissant, Y. & Millo, G. (2008). Panel data econometrics in R: The PLM package. Journal of Statistical Software, 27(2), 1-43.
  • Çetin, E. & Yaşar, A. (2021). The association between audit quality and earnings management using classification shifting. İşletme Bilimi Dergisi, 9 (2), 147-164. DOI: 10.22139/jobs.958329.
  • Dechow, P. M., Sloan, R. G. & Sweeney, A. P. (1995). Detecting earnings management. Accounting review, 193-225.
  • Driscoll, J. C. & Kraay, A. C. (1998). Consistent covariance matrix estimation with spatially dependent panel data. Review of Economics and Statistics, 80(4), 549-560.
  • Ertan, Y. (2018). Türkiye’de sürdürülebilirlik raporlaması (2005-2017). Journal of Accounting and Taxation Studies, 11(3), 463-478.
  • Farhan, M. (2018). Analysis of sustainability report disclosure towards financial performance with earning management as moderating variable (Doctoral dissertation, President University).
  • Gonçalves, T., Gaio, C. & Ferro, A. (2021). Corporate social responsibility and earnings management: Moderating impact of economic cycles and financial performance. Sustainability, 13(17), 9969.
  • Grimaldi, F., Caragnano, A., Zito, M. & Mariani, M. (2020). Sustainability engagement and earnings management: The Italian context. Sustainability, 12(12), 4881.
  • Güneş, M. & Yalçın, N. (2022). Finansal olmayan raporlamanın AB direktifi kapsamında incelenmesi: Bist kurumsal yönetim endeksi işletmeleri üzerine bir araştırma. Mali Çözüm Dergisi, 32(170), 111-148.
  • Hansen, B. E. (1995). Rethinking the univariate approach to unit root testing: Using covariates to increase power. Econometric Theory, 11(5), 1148-1171.
  • Hausman, J. A. (1978). Specification tests in econometrics. Econometrica: Journal of the Econometric Society, 1251-1271.
  • Hausman, J.A. & Taylor, W.E. (1981). Panel data and unobservable individual effects. Econometrica, 49, 1377–1398.
  • Hoechle, D. (2007). Robust standard errors for panel regressions with cross-sectional dependence. The Stata Journal, 7(3), 281-312.
  • Indy, L. A., Uzliawati, L. & Mulyasari, W. (2022). The effect of managerial ownership and institutional ownership on sustainability reporting and their impact on earning management. Journal of Applied Business, Taxation and Economics Research, 1(3), 243-256.
  • Kabadayi, B., Emsen, O. S. & Nisanci, M. (2012). The Relationship between Economic Growth and Financial Development in Emerging Countries. Proceedings of the Northeast Business & Economics Association.
  • Kim, Y., Park, M. S. & Wier, B. (2012). Is earnings quality associated with corporate social responsibility? The Accounting Review, 87(3), 761-796.
  • Martínez‐Ferrero, J., Garcia‐Sanchez, I. M. & Cuadrado‐Ballesteros, B. (2015). Effect of financial reporting quality on sustainability information disclosure. Corporate Social Responsibility and Environmental Management, 22(1), 45-64.
  • Muttakin, M. B., Khan, A. & Azim, M. I. (2015). Corporate social responsibility disclosures and earnings quality: Are they a reflection of managers’ opportunistic behavior? Managerial Auditing Journal.
  • Ocak, M. (2018). The impact of auditor education level on the relationship between auditor busyness and audit quality in Turkey. Cogent Business & Management, 5(1), 1517588.
  • Sultanoğlu, B. & Akdoğan, N. (2020). IIRC çerçevesi kapsamında entegre raporlardaki içerik öğelerinin Türkiye ve uluslararası karşılaştırılması ve entegre raporların düzenlenmesinde sürdürülebilirlik raporlarındaki bilgilerin kullanımı. Muhasebe Bilim Dünyası Dergisi, Muhasebe Bilim Dünyası Dergisi, 22, 20-46. 20-46. DOI:10.31460/mbdd.646683.
  • Sumritsakun, C. (2022). The relationship between sustainable management and earning management of Thai listed firms in SET100 Index (No. jfbr196). Global Academy of Training and Research (GATR) Enterprise.
  • Şeker, Y. (2020). Finansal raporlama kalitesi ile çevresel sosyal ve kurumsal yönetim (esg) performansı arasındaki ilişkinin incelenmesine yönelik uluslararası bir araştırma, İstanbul Üniversitesi Sosyal Bilimler Enstitüsü İşletme Anabilim Dalı Muhasebe Bilim Dalı, Doktora Tezi, İstanbul.
  • Torres-Reyna, O. (2010). Getting started in fixed/random effects models using R. Data & Statistical Services. Princeton University.
  • Trisnawati, R. & Setiawati, E. (2016). Sustainability reporting and earning management (Empirical Studies in the companies that participated in the Indonesian Sustainability Reporting Award (ISRA)).
  • Velte, P. (2019). Does CEO power moderate the link between ESG performance and financial performance? A focus on the German two-tier system. Management Research Review.
  • Yalçın, N. (2022). Kurumsal sürdürülebilirlik performansı ile kazanç kalitesi arasındaki ilişki. Journal of Research in Business, 7 (1) , 208-228. DOI: 10,54452/jrb.1011929.
  • Zeileis, A. & Hothorn, T. (2002). Diagnostic checking in regression relationships. R News, 2(3), 7-10. URL https://CRAN.R-project.org/doc/Rnews/
There are 32 citations in total.

Details

Primary Language Turkish
Subjects Business Administration
Journal Section MAIN SECTION
Authors

Neriman Yalcin 0000-0002-2196-4779

Mehmet Güneş 0000-0002-1938-6914

Early Pub Date March 27, 2023
Publication Date March 27, 2023
Submission Date November 28, 2022
Published in Issue Year 2023 Volume: 25 Issue: MODAVICA Özel Sayısı

Cite

APA Yalcin, N., & Güneş, M. (2023). THE RELATIONSHIP BETWEEN SUSTAINABILITY AND EARNINGS MANAGEMENT: A STUDY ON OECD COUNTRIES. Muhasebe Bilim Dünyası Dergisi, 25(MODAVICA Özel Sayısı), 354-379.
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