<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>0186-1042</journal-id>
<journal-title><![CDATA[Contaduría y administración]]></journal-title>
<abbrev-journal-title><![CDATA[Contad. Adm]]></abbrev-journal-title>
<issn>0186-1042</issn>
<publisher>
<publisher-name><![CDATA[Universidad Nacional Autónoma de México, Facultad de Contaduría y Administración]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S0186-10422021000300009</article-id>
<article-id pub-id-type="doi">10.22201/fca.24488410e.2021.2673</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[The association between real activities and accruals earnings management in Malaysian listed companies]]></article-title>
<article-title xml:lang="es"><![CDATA[La asociación entre las actividades reales y la gestión de ganancias acumuladas en las sociedades cotizadas de Malasia]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Al-Absy]]></surname>
<given-names><![CDATA[Mujeeb]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ismail]]></surname>
<given-names><![CDATA[Ku Nor Izah Ku]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Chandren]]></surname>
<given-names><![CDATA[Sitraselvi]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,University Utara Malaysia  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Malaysia</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,University Utara Malaysia  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Malaysia</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<volume>66</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S0186-10422021000300009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S0186-10422021000300009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S0186-10422021000300009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This study examines the association between real activities earnings management (REM) and accruals earnings management (AEM) of listed companies in the main market of Malaysia. The study sample consists of 300 companies with the lowest positive earnings measured by the ratio of return on assets from 2013 to 2015. It uses three proxies for AEM, namely, the Jones Model, Modified Jones Model (MJM) by Dechow, Sloan, and Sweeney (1995) and MJM by Kasznik (1999). For REM, the study uses the aggregate value of Roychowdhury (2006). Random effect panel data regression was run to test whether AEM and REM are used as complementary or substituted techniques in manipulating earnings reporting. The results of the study provide evidence of a significant positive relationship between REM and AEM, which supports the complement hypothesis. The same results are found in both the model of AEM, where REM is included as an independent variable, and in the model of REM, where AEM is included as an independent variable. These results indicate that managers jointly use these two techniques of earnings management when they prepare financial reports. The findings could be of importance to policy-makers, regulators, investors and practitioners in all countries, but particularly in Malaysia, by indicating the extent of and relationship between AEM and REM practices in Malaysian firms.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este estudio examina la asociación entre la gestión de ganancias de actividades reales (REM) y la gestión de ganancias devengadas (AEM) de las empresas que cotizan en bolsa en el principal mercado de Malasia. La muestra del estudio consta de 300 empresas con las ganancias positivas más bajas medidas por el índice de rendimiento de los activos de 2013 a 2015. Utiliza tres proxies para AEM, a saber, el modelo de Jones, el modelo de Jones modificado (MJM) por Dechow, Sloan y Sweeney (1995) y MJM de Kasznik (1999). Para la REM, el estudio utiliza el valor agregado de Roychowdhury (2006). Se ejecutó una regresión de datos de panel de efectos aleatorios para probar si tanto la AEM como la REM se utilizan como técnicas complementarias o sustituidas en la manipulación de informes de ganancias. Los resultados del estudio proporcionan evidencia de una relación positiva significativa entre la REM y la AEM, lo que apoya la hipótesis del complemento. Los mismos resultados se encuentran tanto en el modelo de AEM, donde REM se incluye como variable independiente, como en el modelo de REM, donde AEM se incluye como variable independiente. Estos resultados indican que los gerentes utilizan conjuntamente estas dos técnicas de gestión de ganancias cuando preparan informes financieros. Los resultados podrían ser de importancia para los responsables de la formulación de políticas, reguladores, inversores y profesionales en todos los países, pero especialmente en Malasia, al indicar el alcance y la relación entre las prácticas de la AEM y la REM en las empresas malayas.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Corporate governance]]></kwd>
<kwd lng="en"><![CDATA[Accrual earnings management]]></kwd>
<kwd lng="en"><![CDATA[Real earnings management]]></kwd>
<kwd lng="en"><![CDATA[Malaysia]]></kwd>
<kwd lng="es"><![CDATA[Regulación del mercado financiero]]></kwd>
<kwd lng="es"><![CDATA[Eficiencia del mercado de capitals]]></kwd>
<kwd lng="es"><![CDATA[Crecimiento económico y equilibrio macroeconómico]]></kwd>
</kwd-group>
</article-meta>
</front><back>
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