000071205 001__ 71205 000071205 005__ 20231023123339.0 000071205 0247_ $$2doi$$a10.15604/ejbm.2017.05.02.007 000071205 0248_ $$2sideral$$a106758 000071205 037__ $$aART-2017-106758 000071205 041__ $$aeng 000071205 100__ $$0(orcid)0000-0003-1298-7183$$aCallao Gastón, Susana$$uUniversidad de Zaragoza 000071205 245__ $$aWhy do companies from the emerging countries manage earnings? 000071205 260__ $$c2017 000071205 5060_ $$aAccess copy available to the general public$$fUnrestricted 000071205 5203_ $$aThis paper provides evidence in terms of the incentives which lead managers from emerging European countries to manage earnings. In particular, we focused on four Eastern European countries: the Czech Republic, Poland, Hungary and Slovakia, as the majority of studies on earnings management in developing countries were based on the Asian emerging market. The market of developing European countries is still barely explored. After we confirmed that managers from emerging European companies manage earnings, we find that within the different incentives which lead managers to earnings management, the avoidance of debt covenants violations is a strong incentive for managers. Additionally, those firms considered as poor investments (with less value) have incentives to manage earnings down as a consequence to opt for market niche. Moreover, emerging Eastern European companies have incentives to flatten earnings of current periods in order to benefit in the future as the source of future non- manipulated earnings will be insufficient, as they may expect reduced, or at least lower future performance of their companies affected by increasing global competition. Finally, we confirm that privately-owned companies tend to maximize accounting earnings more than state-owned companies because they are in a weaker position related to a specific political and historical factors. 000071205 540__ $$9info:eu-repo/semantics/openAccess$$aby$$uhttp://creativecommons.org/licenses/by/3.0/es/ 000071205 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/publishedVersion 000071205 700__ $$0(orcid)0000-0003-0334-192X$$aJarne Jarne, José Ignacio$$uUniversidad de Zaragoza 000071205 700__ $$0(orcid)0000-0002-2455-8012$$aWroblewski, David$$uUniversidad de Zaragoza 000071205 7102_ $$14002$$2230$$aUniversidad de Zaragoza$$bDpto. Contabilidad y Finanzas$$cÁrea Economía Finan. y Contab. 000071205 773__ $$g5, 2 (2017), 60-84$$pEurasian j. bus. managament$$tEurasian journal of business and management$$x2148-0206 000071205 8564_ $$s628552$$uhttps://zaguan.unizar.es/record/71205/files/texto_completo.pdf$$yVersión publicada 000071205 8564_ $$s88257$$uhttps://zaguan.unizar.es/record/71205/files/texto_completo.jpg?subformat=icon$$xicon$$yVersión publicada 000071205 909CO $$ooai:zaguan.unizar.es:71205$$particulos$$pdriver 000071205 951__ $$a2023-10-23-12:20:20 000071205 980__ $$aARTICLE