Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54553
Authors: 
Parte Esteban, Laura
Such Devesa, Maria Jesús
Year of Publication: 
2011
Citation: 
[Journal:] Investigaciones europeas de dirección de la empresa (IEDEE) [ISSN:] 1135-2523 [Volume:] 17 [Year:] 2011 [Issue:] 1 [Pages:] 113-135
Abstract: 
This paper focuses on earnings benchmarks using a sample of Spanish hotel firms. In particular, we examine two earnings benchmarks: loss avoidance and earnings decreases avoidance. First, we use frequency histograms to detect a discontinuity around zero. Second, we use discretionary accruals and other variables to analyze the existence of a different behaviour between firms just miss the benchmark and firms just beat the benchmark. The results show that managers of Spanish hotel firms avoid reporting losses. It is also detected that firms just beat the benchmark present different profile in fundamental variables in relation to firms just miss the benchmark.
Subjects: 
earnings benchmarks
earnings management
financial activities
real activities
hotel industry
JEL: 
M40
L83
Document Type: 
Article

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