@article{MAKHILLTSS20127422323,
    title = {The Impact of Asian Financial Crisis to Earnings Management and Operating Performance in Malaysia},
    journal = {The Social Sciences},
    volume = {7},
    number = {4},
    pages = {510-516},
    year = {2012},
    issn = {1818-5800},
    doi = {sscience.2012.510.516},
    url = {https://makhillpublications.co/view-article.php?issn=1818-5800&doi=sscience.2012.510.516},
    author = {Rosnia and},
    keywords = {Earnings management,Cash from Operations (CFO),Net Income (NI),market firms,industries,Malaysia},
    abstract = {This study is motivated by the emergence of different trend 
  between Cash from Operations (CFO) and net income reported by companies. The 
  objective of this study is to investigate the relationship between the operating 
  performances of top 100 market firms listed on the Main Board of the Bursa Malaysia 
  and the behaviour of net income after Asian financial crisis. Initially the 
  sample firms are divided into 10 portfolios based on relative Cash from Operations 
  (CFO) rankings to test if there are systematic differences in CFO across portfolios. 
  A correlation test and a sign-change ratio test are used to study if operating 
  performances and net income are interrelated. The empirical evidence supports 
  the predictions. It suggests that firms from various industries manage earnings 
  when operating performance is poor. The firms tend to choose income-increasing 
  strategies, specifically when the operating performance is extremely poor. In 
  fact, some firms tend to take a big bath whereas some of the exceptionally well 
  performing firms tend to select income-decreasing strategies.}
    }