期刊名称：International Journal of Economics and Business Modeling
印刷版ISSN：0976-531X
电子版ISSN：0976-5352
出版年度：2011
期号：321
页码：118-123
出版社：Bioinfo Publications
摘要：This paper investigates and compares free cash flows (FCF) in firms listed in TSE with an emphasis on earning management (EM). Major purpose of this study is the investigation of difference among FCFs in TSE with an emphasis on EM. Annual financial statements are used for collecting research data. FCF and EM variables data are measured by Len and Poulsen (1989) model and modified Jones model, respectively. Data sample consists of financial statements during the period of 2004-2010. The results of the study show positive significant relationship between EM and FCF. In other words, firm's FCF can motivate EM. Moreover, findings from Levin test indicate that mentioned relationship is more significant for the firms with high FCF than ones with low FCF.
