Catedra Carlos Cubillo de Contabilidad y Auditoria

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Working Papers

Working Papers - Trabajo en Curso del Equipo Investigador

1. Trabajos presentados al Congreso Anual de la European Accounting Association (Mayo 2013)

Gomez Conde, J., López-Valeiras Sampedro, E., y González Sánchez, M.B. (2013): Management control systems as drivers of the relationship between internationalization and organizational performance. An empirical analysis.

Abstract: Several previous studies argue that existing research examining the link between internationalization and performance has overlooked potential intermediate variables. In this sense, an inadequate control of the relationship with foreign companies can impair performance of international operations. Therefore, there is the need to adopt management tools to build and improve these relationships. Hence, management control systems (MCS) providing information both internal and external becomes a tool that potentially could enable internationalization to generate competitive advantage. This paper aims to provide a better understanding of the nature of this relationship. Information was collected through a survey data gathered from senior managers of 231 firms with ten or more employees. The use of diversity MCS is considered as an overall measure that comprises three individual control systems widely used in practice. The results reveal support for the research question suggesting that diversity of MCS mechanisms help to facilitate the impact of internationalization on organizational performance.

García Lara, J.M., Garcia Osma, B. y Penalva, F. (2013): Differential information consequences of real versus accruals earnings management

Abstract: Real and accruals earnings management differ across a number of dimensions such as their level of visibility, accountability and also, their associated costs. Certain real actions, such as R&D cuts or asset sales, are hardly opaque, and hence, it is likely that expert users of financial statements are able to undo their effects, at least, partially. However, real earnings management is also predicted to be more difficult to monitor both by insiders and outsiders, who may struggle to estimate deviations from optimal behaviour. Given this uncertainty about their relative visibility, it is unclear the extent to which market participants fully understand these strategies, how they affect the firm information environment, and particularly, whether unravelling the bias introduced by real earnings management is truly a simple exercise. In this paper, we study the differential information consequences of these two earnings management techniques. We find that both types of earnings management garble the earnings signal, but consistent with our expectations, the evidence suggests that real earnings management is easier to undo for expert financial statement users, such as analysts.


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