ممارسات إدارة الأرباح بالمستحقات و الأنشطة الحقيقية و علاقتها بالعوائد السوقية للأسهم : دراسة تطبيقية على الشركات المدرجة في سوقي فلسطين و عمان للأوراق المالية

Abstract EN

This study aimed at examining and analyzing the different types, techniques, and measures of real and accrual earnings management as well as finding out which of these two types as the most prevalent practice in Palestine and Amman Stock Exchange Markets.

The study also aimed at finding out the impact of real and accrual earnings management on stock market returns.

The study was applied to a sample of 64 listed industrial firms at Amman Stock Exchange Market ASE as well as 26 listed firms in Palestine Stock Exchange Market PSE by analyzing data from 2006 to 2011.

Research methodology included a variety of statistical tests such as data validation tests, descriptive statistics, Binomial test, and Multi-regression analysis for hypothesis testing where the Pooled Data Regression was applied.

The study reached a number of findings, first of which, that it is confirmed that listed firms in both capital markets use real and accrual types of earnings management but with a greater degree in respect of accrual earnings management.

The second main finding is that a statistically significant effect of accrual rather than real earnings management on stock market returns exists in both markets.

One exception is that the real earnings management through sales manipulation is found to be of statistically significant impact on stock market returns in PSE market.