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PREDICTING THE LEVEL OF FALSIFICATION OF FINANCIAL STATEMENTS IN RUSSIAN MANUFACTURING ENTERPRISES IN 2012–2019
Высшая школа экономики
,
2022.
No. 253.
Ладыгина К. С.
This paper considers the falsification of financial reports at Russian manufacturing enterprises in the period from 2012 to 2019. The factors are associated with the heterogeneity of estimates of falsified financial statements. We investigate the evolution of such reporting during the period under review.
Two main lines of behavior of companies in relation to falsified corporate reporting are identified: either a consistently "honest" strategy, which is characteristic of no more than 30–50% of the enterprises, or situational behavior, when an enterprise provides either reliable or questionable data in certain years depending on their circumstances.
For large and medium-sized manufacturing enterprises, the quality of the reporting provided has generally improved in the sanctions period of 2015–2019 compared to the pre-sanction period.
Based on econometric calculations, we demonstrate that the main factors associated with the provision of inaccurate reporting are the size of the enterprise, and the growth rate of accounts receivable in previous years.
Publication based on the results of:
Feruleva N. V., Shtefan M. A., Journal of Corporate Finance Research 2017 Vol. 11 No. 2 P. 32-45
Russian stakeholders of joint stock companies, which shares are not traded on a stock exchange, and limited liability companies need the effective instruments which enable them to detect the facts of financial statement fraud quickly because the financial statement remains the main source of information about the companies’ performance for them. Although Institute of Auditors ...
Added: October 5, 2017
Kokas S., Vinogradov D., Zachariadis M., Journal of Corporate Finance 2020 Vol. 65 Article 101509
By adjusting lending, banks can smooth the macroeconomic impact of deposit fluctuations. This may, however, lead to extended periods of disproportionately high lending relative to deposit intake and, under certain conditions, to the accumulation of risk in the banking system. Using bank-level data for 8477 banks in 129 countries for the period from 1992 to ...
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Piskunova N., L. : Palgrave Macmillan, 2015
The number of conflicts in the world is increasing, as well as their intensity and fierceness. We see the trend of unfolding spiral of violence in the world and thus there is a pressing need to assess the underlying reasons of it. Challenges to a secure development of the world stem from political, economic and ...
Added: January 23, 2015
Larchenko L. V., Общество. Среда. Развитие (Terra Humana) 2019 № 1 С. 9-13
The aim of this paper is to analyze the current state of the oil and gas industry of Russia in the conditions of falling oil prices and sanctions policy as well as the forecast of the further development of the industry and search for the ways out. The article demonstrates that the sanctions imposed on ...
Added: September 20, 2019
Gavrilenkov E., Stroutchenevski A., Konygin S., M. : Sberbank CIB, 2014
> Georgia. Georgia's $16 bln economy saw strong annual growth in 2010-12 of around 6-7%, but in 2013 growth slowed to 3.2%, which is still good but not enough for an economy with a GDP per capita of around $3,600. Indeed, over the year, Georgia - which depends heavily on capital inflows - failed to ...
Added: August 29, 2014
Avdeeva D., Akindinova N., Balashova E. et al., М. : Издательский дом НИУ ВШЭ, 2015
Мы попытались оценить возможные последствия кризиса для российской экономики в том случае, если надежды на возврат цен на нефть до 100 долл./барр. не оправдаются, а действие взаимных санкций между Россией и западными странами останется. При сохранении цен на нефть на уровне около 50 долл./барр. и тенденции к международной изоляции России объем ВВП в реальном выражении ...
Added: April 15, 2015
Bessonov V. A., Petronevich A., / Высшая школа экономики. Серия WP2 "Количественный анализ в экономике". 2013. № WP2/2013/04.
The paper analyzes aberrations that appear as a side-effect of seasonal adjustment when applied to time series of economic data in the neighborhood of an abrupt change in level, the pattern of dynamics that was typical for economic crises. Under these circumstances the standard algorithms of seasonal adjustment are shown to be able to produce ...
Added: September 30, 2013
Sorokin D., Бизнес. Общество. Власть 2020 № 36-37 С. 221-252
In modern political science, one can observe the growth of research interest in the issue of sanctions. Increasingly, sanctions measures are viewed not only as an instrument of international politics, but also as a factor capable of influencing specific social groups, voters' preferences, and macroeconomic processes.
In the author's past studies, the sanctions were considered as ...
Added: September 17, 2020
Dagaev A. A., Экономические стратегии 2014 № 10 С. 46-53
Статистические данные Международного валютного фонда для 12 стран еврозоны проанализированы с целью оценки степени синхронности изменения под влиянием кризиса таких макроэкономических показателей, как темпы роста ВВП, размер государственного долга, уровень инфляции, уровень безработицы и счет текущих операций. Для количественной оценки наблюдавшихся изменений рассчитаны значения коэффициента конкордации Кендалла за равные промежутки времени до и после начала ...
Added: February 20, 2015
Аганин А. Д., Peresetsky A., Прикладная эконометрика 2018 № 52 С. 5-21
Stability of the national currency exchange rate is an important factor for sustainable economic growth. A number of papers demonstrate that in the oil exporting countries currency exchange rate to the large extent is defined by the international oil prices. However, there are almost no papers which consider dependence of the exchange rate volatility on ...
Added: December 30, 2018
Bessonov V. A., Вопросы статистики 2016 № 10 С. 12-21
The article examines problems related to the measurement of Russian inflation that lead to distorted perception of economic reality which economic agents have. The authors discuss recent changes in methods for constructing the Russian consumer price index (CPI) and the effect this will have on the economic policy. The change in the information base upon ...
Added: October 16, 2016
Anna A. Bykova, / Basic Research Programme. Series HUM "Humanities". 2013.
Using bibliographic records from Web of Science and Scopus, this paper tries to give a complete view of the economic crisis topic based on literature published from 2008 to 2012. This is a descriptive survey using scientometric indicators. This paper presents a quantitative study of productivity, characteristics and various aspects of publications in the field ...
Added: November 25, 2013
Shakina E., Barajas A., Journal of Knowledge Management 2012
This study investigates corporate success factors over the crisis period. We seek to advocate the idea that investments in intangibles allow a company to be better off, even if the markets go down. The hypothesis put forward in this paper was tested on a sample of more than 300 enterprises. These companies operate in developed ...
Added: October 24, 2012
Deari F., Lakshina V. V., Lapshina K., Journal of Economic Studies 2020 Vol. 47 No. 2 P. 351-365
Purpose – The purpose of this study is to empirically test the hypothesis about substitution of trade and bank credits during the crisis period among 1570 firms from 16 developing countries.
Design/methodology/approach – The study examines the dynamics of trade credits, following previous studies with special emphasis on (Love et al., 2007). The foregoing methodology was ...
Added: February 4, 2019
Dalal A., Банковское дело 2016 № 5 С. 20-23
This paper deals with the phenomena of sukuk bonds rapid growth, Islamic securities, which stand out for their asset-based nature. The absence of optimal pricing strategies leads to refinement of the Islamic financing structures. Sukuk payment schemes, benefits and limitations of various types of Islamic bonds and their implication as a source of long-term funding ...
Added: October 8, 2018
Solntsev S., Roshchin S., Российский журнал менеджмента 2017 Т. 15 № 2 С. 173-192
This study analyses employees search by companies. We focus on channels of search that companies use. Using original data of 2015 survey of 1799 Russian companies on HR we found out that the most popular channels were Internet and informal social connections (friends, co-workers, relatives). State-owned companies use public employment agency while companies with foreign ...
Added: July 20, 2017
Чмель К. Ш., Демин А. В., Казанцев К. И., / Высшая школа экономики. Series PS "Political Science". 2017. No. WP BRP 50/PS/2017.
Economic sanctions, like the most of political events involving numerous states, are almost always explicitly aimed to alter internal policies and affect domestic issues. Sanctions are not a discrete event, rather they are a long lasting insidious process. It is significant to consider not only the state of the country under sanctions or without them, ...
Added: October 25, 2017
Semenova M., Benov A., / Высшая школа экономики. Series FE "Financial Economics". 2021. No. 81/FE/2021.
During periods of financial turmoil, depositor behaviour is influenced by the economic information environment, which is largely formed by the media—at least for retail depositors. Therefore the severity of bank runs during financial crises, and their efficiency might be conditional on the volume of the bad news appearing in the media during a crisis. If ...
Added: July 14, 2021
Pestova A., / Высшая школа экономики. Series EC "Economics". 2014.
The main objective of this paper is to develop leading indicators of business cycle turning points for OECD countries and Russia, in order to reveal common factors of their macroeconomic processes over a long period of time. To predict cycle turning points, leading indicator models with a discrete dependent variable reflecting a business cycle phase ...
Added: February 20, 2014
Лякин А. Н., Rogov M., Национальные интересы: приоритеты и безопасность 2017 Т. 13 № 8 С. 1396-1414
Importance
This article reviews discriminatory measures of the Western countries against Russia and Russia’s reciprocal response as protectionism for attaining the economic goals of the countries initiating the restrictions.
Objectives
The research specifies the existing terminology, demonstrates that sanctions can be imposed only by the supranational organization that has respective authority in relation to its members. We also ...
Added: September 4, 2021
Tikhomirov D., Известия Санкт-Петербургского университета экономики и финансов 2012 № 3 С. 7-16
The economic crisis resulted in decrease of market capitalization of the entities within Russia and abroad, reassessment of the forecasts, and impairment of fixed assets, goodwill and other intangible assets, investment properties and loans given. The author considers the main requirements of the standards for financial reporting and their application, and the main trends in impairment of assets in 2008-2010. ...
Added: October 24, 2017
T.N. Malofeeva, European Research Studies Journal 2018 No. Volume XXI, Issue 2 P. 147-164
The purpose of this study is to examine the effect of International Financial Reporting Standards (IFRS) adoption on the frequency of earnings management in Russia according to accruals-based approach. The empirical analysis employs the linear regression model which includes a dependent variable (discretionary accruals), an independent variable (accounting standards) and some control variables. The sample ...
Added: June 22, 2018
Мамедова Н. М., Daniltsev A. V., Glazatova M., Торговая политика 2016 № 3 С. 9-32
Describes the development of the economy of the Islamic Republic of Iran
during the period of sanctions, outlines the chronology of the adoption
of restrictive decisions, analyzes the tools and mechanisms used by Iran in
order to damping effects of the sanctions, contains the forecast scenarios of
development of the Iranian economy, considers the interaction of Iran with the ...
Added: February 1, 2017
Anikin V. A., Вестник Института социологии 2018 Т. 27 № 4 С. 44-63
his article1 examines shifts when it comes to employment among Russians during the financial-economic crisis years of 2014–2016, as well as during the years 2017–2018, which Russian scientists have already named the “period of negative post-crisis stabilization”. This article for the most part confirms said thesis. Despite obvious success in certain aspects (for example, unemployment around ...
Added: October 20, 2018