Earnings quality among high-share liquidity companies: evidence from Central and Eastern European firms

Comporek, Michal

doi:10.2478/ijme-2023-0017

Abstract

Paper’s objectives

The main aim of the paper is to analyze the earnings quality of high-share liquidity companies from Poland, Romania, and Hungary whose activities are outside the finance sector.

Methods applied

Earnings quality, i.e., earnings persistence, predictability, and accruals quality, was assessed using the Kruskal–Wallis test, the U Mann–Whitney test, the Wilcoxon Signed Ranks test, and Spearman’s rank correlation coefficients.

Findings

The research demonstrates that companies listed in the Bucharest Stock Exchange tend to provide higher earnings quality than other firms in the CEEplus index. In the tested sample, there was a noticeable domination of managerial practices aimed at managing the earnings downward. This also happened in 2020, the period negatively affected by the SARS-CoV-2 pandemic.

Originality/value

This study fills a gap in the literature regarding the quality of accounting data reported among listed companies from Central and Eastern Europe (CEE) countries that are characterized by high liquidity of shares.

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