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Scientific paper - Original scientific paper
Earnings Management and Dividend Payments during the Covid-19 Pandemic
Interdisciplinary Description of Complex Systems : INDECS, 20 (2022), 5; 590-605. https://doi.org/10.7906/indecs.20.5.6
Filipović, Ivica; Bartulović, Marijana; Šušak, Toni

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Filipović, I., Bartulović, M. & Šušak, T. (2022). Earnings Management and Dividend Payments during the Covid-19 Pandemic. Interdisciplinary Description of Complex Systems : INDECS, 20. (5), 590-605. doi: 10.7906/indecs.20.5.6

Filipović, Ivica, et al. "Earnings Management and Dividend Payments during the Covid-19 Pandemic." Interdisciplinary Description of Complex Systems : INDECS, vol. 20, no. 5, 2022, pp. 590-605. https://doi.org/10.7906/indecs.20.5.6

Filipović, Ivica, Marijana Bartulović and Toni Šušak. "Earnings Management and Dividend Payments during the Covid-19 Pandemic." Interdisciplinary Description of Complex Systems : INDECS 20, no. 5 (2022): 590-605. https://doi.org/10.7906/indecs.20.5.6

Filipović, I., Bartulović, M. and Šušak, T. (2022) 'Earnings Management and Dividend Payments during the Covid-19 Pandemic', Interdisciplinary Description of Complex Systems : INDECS, 20(5), pp. 590-605. doi: 10.7906/indecs.20.5.6

Filipović I, Bartulović M, Šušak T. Earnings Management and Dividend Payments during the Covid-19 Pandemic. Interdisciplinary Description of Complex Systems : INDECS [Internet]. 2022 [cited 2024 November 21];20(5):590-605. doi: 10.7906/indecs.20.5.6

I. Filipović, M. Bartulović and T. Šušak, "Earnings Management and Dividend Payments during the Covid-19 Pandemic", Interdisciplinary Description of Complex Systems : INDECS, vol. 20, no. 5, pp. 590-605, 2022. [Online]. Available at: https://urn.nsk.hr/urn:nbn:hr:227:171676. [Accessed: 21 November 2024]

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Metadata
Title (english)Earnings Management and Dividend Payments during the Covid-19 Pandemic
AuthorIvica Filipović
AuthorMarijana Bartulović
AuthorToni Šušak
Author's institutionUniversity of Split
University Department of Forensic Sciences
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract (english)
The recent outbreak of coronavirus has caused the worst global economic crisis in the last few decades. A substantial number of companies have experienced severe economic difficulties and were tempted to adjust their financial figures in order to reach certain business thresholds. Maintaining an existing level of dividend payments is a powerful incentive to engage in such activities. The aim of this article was to estimate the effect of the economic crisis caused by the COVID-19 pandemic on the relationship between the estimated level of earnings management and dividend payments made by companies. Research models were estimated using panel analysis. The Modified Jones model was utilized to assess the level of earnings management. A total of 56 companies listed on the Zagreb Stock Exchange in the Republic of Croatia with their financial data from 2015 to 2020 were included in the research sample. Unlike in the case of absolute and income-decreasing discretionary accruals, results indicated that the economic crisis caused by the COVID-19 pandemic positively affected the relationship between earnings management and dividend payments in the case of income-increasing accruals regarding companies that made regular dividend payments. In conclusion, the economic crisis caused by the COVID-19 pandemic was an additional incentive for certain companies to perform income-increasing earnings management to reach the desired level of dividend payments.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Journal titleInterdisciplinary Description of Complex Systems : INDECS
Numberingvol. 20, no. 5, pp. 590-605
p-ISSN1334-4684
e-ISSN1334-4676
DOIhttps://doi.org/10.7906/indecs.20.5.6
URN:NBNurn:nbn:hr:227:171676
Publication2022
Document URLhttps://hrcak.srce.hr/284155
Type of resourceText
Access conditionsOpen access
Terms of useLicence Attribution 4.0 International (CC BY 4.0) icon
Created on2024-06-21 08:13:29