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Do Indian firms manage earning numbers? An empirical investigation
, Goyal V., Mitra S.K.
Published in Allied Business Academies
Volume: 22
Issue: 1
This study aims to investigate the manipulation of accounting numbers of Indian firms by deploying the innovative method of Financial Statement Deviation (FSD) score based on the larger distributional properties of natural numbers. We have selected five variables (Revenue, Operating Income, PAT, EPS, DPS) covering all the firms from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for the financial years 1990-2017 and conducted the test for aggregated of all years and individual year-wise. FSD scores confirm the manipulation in DPS figures for all firms, for all year's aggregated and individual year wise. For negative firms, all variables have shown a higher level of manipulations and thus confirming the findings of earlier studies. © 2002-2018 Allied Business Academies.
About the journal
PublisherAllied Business Academies
Open AccessNo