The detection of real earnings management in MENA countries: the case of Tunisia
by Sarra Elleuch Hamza; Sondos Bannouri
Afro-Asian J. of Finance and Accounting (AAJFA), Vol. 5, No. 2, 2015

Abstract: This paper examines the real earnings management activities of 76 Tunisian public offering firms before and after the implementation of the financial security law, over the ten-year period (2003 to 2012). We measure real earnings management through sales manipulation and sales investments and assets following Roychowdhury (2006) and Zang (2012). The results show that after the implementation of the Financial System Reform Actin 2005, Tunisian managers started using sales manipulation as tools of real earnings management. The sale of assets or investment has no effect on their behaviour. These results suggest that Tunisian firms tend to use real activities manipulation in a tightened regulatory environment.

Online publication date: Mon, 15-Jun-2015

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