The Sale of Assets to Manage Earnings in Japan

By Don Herrmann, T. Inoue, Wayne B. Thomas. 2003

235 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/9af6afe6193e57943b53525861b1f9a50f78035d

How researchers see this paper

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In Accounting

1. Weili Ge
2. Catherine Schrand
3. Amy Y. Zang
4. Katherine A. Gunny
5. Patricia M. Dechow
6. Yuan George Shan
7. Martin Walker
8. Christian Leuz

In Finance

1. Catherine Schrand
2. Katherine A. Gunny
3. Patricia M. Dechow
4. Weili Ge
5. Amy Y. Zang
6. Yuan George Shan
7. H. Jarva

In Strategy and Management

1. Weili Ge
2. Catherine Schrand
3. Patricia M. Dechow
4. Amy Y. Zang
5. Katherine A. Gunny
6. Yuan George Shan
7. Christian Leuz
8. Martin Walker

Citations in the corpus

• Evidence on the Trade-Off between Real Activities Manipulation and Accrual-Based Earnings Management (2012, background): “2006), sales of profitable assets (Herrmann et al. 2003; Bartov 1993), sales price reductions (Jackson and Wilcox 2000), derivative hedging (Barton 2001; Pincus and Rajgopal 2002), debt-equity swaps (Hand 1989), and securitization (Dechow and Shakespeare 2009).”
• Understanding Earnings Quality: A Review of the Proxies, Their Determinants and Their Consequences (2010, background): “Firms also make real decisions to meet analyst forecasts such as repurchasing stock (Hribar et al., 2006), selling fixed assets or marketable securities (Herrmann et al., 2003), or repurchasing shares (Bens et al., 2003).”
• Value relevance, earnings management and corporate governance in China (2015, background): “For example, Herrmann et al. (2003) report that Japanese companies use of income from the sale of fixed assets to manage earnings.”
• The Relation Between Earnings Management Using Real Activities Manipulation and Future Performance: Evidence from Meeting Earnings Benchmarks*: Real Activities Manipulation and Future Performance (2009, unknown): “Consistent with prior literature (Bartov 1993; Herrmann et al. 2003), I interpret high residuals from model 3 as indicative of asset sales manipulation.10 The normal level of production cost is estimated using the following model:”
• GDP management to meet or beat growth targets (2018, unknown): “is found around management forecasts (Herrmann et al., 2003).”
• What are the consequences of real earnings management (2005, background): “Second, I estimate the normal level of income from asset sales as income from asset sales minus the median for the corresponding industry and year (based on Herrmann et al. 2003).”