Do socially responsible companies use earnings management more rarely and (or) less aggressively? Evidence from Lithuania
ENIn order to determine if companies use real earnings management, Roychowdhury's (2016) model, which consists of three elements: sales manipulation, overproduction, and reduction of discretionary expenditures, was applied. The results showed that Lithuanian socially responsible companies use both accrual-based and real earnings management less frequently and/or less aggressively than other companies do. Therefore, it can be concluded that they follow a conceptual approach and pursue social responsibility for the sake of the idea and the concept, not to gain an advantage and to be able to influence the decisions of stakeholders in the market. Keywords: earnings management, accrual-based earnings management, real earnings management, corporate social responsibility, Lithuanian companies. [From the publication]
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