332
Views
2
CrossRef citations to date
0
Altmetric
Research articles

Earnings management in public hospitals: The case of Greek state-owned hospitals

ORCID Icon & ORCID Icon

References

  • Anagnostopoulou, S. C., & Stavropoulou, C. (2021). Earnings management in public healthcare organizations: The case of the English NHS hospitals. Public Money & Management, ahead-of-print, 1–10. https://doi.org/10.1080/09540962.2020.1866854
  • Arcas, M. J., & Martí, C. (2016). Financial performance adjustment in English local governments. Australian Accounting Review, 26(2), 141–152. https://doi.org/10.1111/auar.12094
  • Arnaboldi, M., & Lapsley, I. (2009). On the implementation of accrual accounting: A study of conflict and ambiguity. European Accounting Review, 18(4), 809–836. https://doi.org/10.1080/09638180903136225
  • Ballantine, J., Forker, J., & Greenwood, M. (2007). Earnings management in English NHS hospital trusts. Financial Accountability & Management, 23(4), 421–440. https://doi.org/10.1111/j.1468-0408.2007.00436.x
  • Beattie, V., Brown, S., Ewers, D., John, B., Manson, S., Thomas, D., & Turner, M. (1994). Extraordinary items and income smoothing: A positive accounting theory. Journal of Business Finance & Accounting, 21(6), 791–811. https://doi.org/10.1111/j.1468-5957.1994.tb00349.x
  • Beck, A. W. (2018). Opportunistic financial reporting around municipal bond issues. Review of Accounting Studies, 23(3), 785–826. https://doi.org/10.1007/s11142-018-9454-2
  • Bisogno, M., & Donatella, P. (2021). Earnings management in public-sector organizations: A structured literature review. Journal of Public Budgeting, Accounting & Financial Management, ahead-of-print, https://doi.org/10.1108/jpbafm-03-2021-0035
  • Broadbent, J., Dietrich, M., & Laughlin, R. (1996). The development of principal–agent, contracting and accountability relationships in the public sector: Conceptual and cultural problems. Critical Perspectives on Accounting, 7(3), 259–284. https://doi.org/10.1006/cpac.1996.0033
  • Caperchione, E., & Mussari, R. (eds.). (2000). Comparative issues in local government accounting. Springer.
  • Chan, J. L. (2003). Government accounting: An assessment of theory, purposes and standards. Public Money & Management, 23(1), 13–20. https://doi.org/10.1111/1467-9302.00336
  • Cohen, S., Bisogno, M., & Malkogianni, I. (2019). Earnings management in local governments: The role of political factors. Journal of Applied Accounting Research, 20(3), 331–348. https://doi.org/10.1108/JAAR-10-2018-0162
  • Cohen, S., & Malkogianni, I. (2021). Sustainability measures and earnings management: Evidence from Greek municipalities. Journal of Public Budgeting, Accounting & Financial Management, 33(4), 365–386. https://doi.org/10.1108/JPBAFM-10-2020-0171
  • Connolly, C., & Hyndman, N. (2006). The actual implementation of accruals accounting. Accounting, Auditing & Accountability Journal, 19(2), 272–290. https://doi.org/10.1108/09513570610656123
  • Dechow, P., & Dichev, I. D. (2002). The quality of accruals and earnings: The role of accruals estimation errors. The Accounting Review, 77, 35–59. http://www.jstor.org/stable/3203324.
  • Dong, G. N. (2016). Earnings management in US hospitals. Journal of Health and Human Services Administration, 39(1), 41–71. www.jstor.org/stable/43948715.
  • Economou, C., Kaitelidou, D., Karanikolos, M., & Maresso, A. (2017). Greece: Health system review. Health Systems in Transition, 19(5), 1–192.
  • Economou, C., Kaitelidou, D., Kentikelenis, A., Maresso, A., Sissouras, A., et al. (2015). The impact of the crisis on the health system and health in Greece. In A. Maresso (Ed.), Economic crisis, health systems and health in Europe: Country experience. European Observatory on Health Systems and Policies.
  • Eldenburg, L. G., Gunny, K. A., Hee, K. W., & Soderstrom, N. (2011). Earnings Management using real activities: Evidence from nonprofit hospitals. The Accounting Review, 86(5), 1605–1630. https://doi.org/10.2308/accr-10095
  • Ferreira, A., Carvalho, J., & Pinho, F. (2013). Earnings management around zero: A motivation to local politician signalling competence. Public Management Review, 15(5), 657–686. https://doi.org/10.1080/14719037.2012.707679
  • Ferreira, A., Carvalho, J., & Pinho, F. (2020). Political competition as a motivation for earnings management close to zero: The case of Portuguese municipalities. Journal of Public Budgeting, Accounting & Financial Management, 32(3), 461–485. https://doi.org/10.1108/JPBAFM-10-2018-0109
  • Heese, J. (2018). The role of overbilling in hospitals’ earnings management decisions. European Accounting Review, 27(5), 875–900. https://doi.org/10.1080/09638180.2017.1383168
  • Hribar, P., & Collins, D. W. (2002). Errors in estimating accruals: Implications for empirical research. Journal of Accounting Research, 40(1), 105–134. https://doi.org/10.1111/1475-679X.00041
  • Hyndman, N., & Connolly, C. (2011). Accruals accounting in the public sector: A road not always taken. Management Accounting Research, 22(1), 36–45. https://doi.org/10.1016/j.mar.2010.10.008
  • Ibrahim, S., Noikokyris, E., Fabiano, G., & Favato, G. (2019). Manipulation of profits in Italian publicly-funded healthcare trusts. Public Money & Management, 39(6), 428–435. https://doi.org/10.1080/09540962.2019.1578539
  • Jaggi, B., & Baydoun, N. (2001). Evaluation of extraordinary and exceptional items disclosed by Hong Kong companies. ABACUS, 37(2), 217–232. https://doi.org/10.1111/1467-6281.00084
  • Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
  • Jiraporn, P., Miller, G. A., Yoon, S. S., & Kim, Y. S. (2008). Is earnings management opportunistic or beneficial? An agency theory perspective. International Review of Financial Analysis, 17(3), 622–634. https://doi.org/10.1016/j.irfa.2006.10.005
  • Jones, J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193–228. https://doi.org/10.2307/2491047
  • Kaitelidou, D., Katharaki, M., Kalogeropoulou, M., Economou, C., Siskou, O., Souliotis, K., Tsavalias, K., & Liaropoulos, L. (2016). The impact of economic crisis to hospital sector and the efficiency of Greek public hospitals. European Journal of Business and Social Sciences, 4(10), 111–125.
  • Kothari, S. P., Leone, A. J., & Wasley, C. E. (2005). Performance matched discretionary accrual measures. Journal of Accounting and Economics, 39(1), 163–197. https://doi.org/10.1016/j.jacceco.2004.11.002
  • Krishnan, R., & Yetman, M. H. (2011). Institutional drivers of reporting decisions in nonprofit hospitals. Journal of Accounting Research, 49(4), 1001–1039. https://doi.org/10.1111/j.1475-679X.2011.00413.x
  • Lampe, H. W., Hilgers, D., & Ihl, C. (2015). Does accrual accounting improve municipalities’ efficiency? Evidence from Germany. Applied Economics, 47(41), 4349–4363. https://doi.org/10.1080/00036846.2015.1030562
  • Lazari, E. (2017). Benchmarking the financial figures and results of public hospitals fro the period 2013-2015, based on their published financial statements. Bimonthly Scientific and Informative Journal of HHSMA, 28.
  • Leone, A. J., & Van Horn, R. L. (2005). How do nonprofit hospitals manage earnings? J Health Econ, 24(4), 815–837. https://doi.org/10.1016/j.jhealeco.2005.01.006
  • McNichols, M. (2000). Research design issues in earnings management studies. Journal of Accounting and Public Policy, 19(4), 313–345. https://doi.org/10.1016/S0278-4254(00)00018-1
  • Nguyen, T., & Soobaroyen, T. (2019). Earnings management by non-profit organisations: Evidence from UK charities. Australian Accounting Review, 29(1), 124–142. https://doi.org/10.1111/auar.12242
  • Oikonomou, N., Tountas, Y., Mariolis, A., Souliotis, K., Athanasakis, K., & Kyriopoulos, J. (2016). Measuring the efficiency of the Greek rural primary health care using a restricted DEA model; The case of southern and western Greece. Health Care Management Science, 19, 313–325. https://doi.org/10.1007/s10729-015-9324-4
  • P.D. (146/2003). Defining the content and the time of implementing the sectoral accounting in the public health units. Greek Gazette.
  • Petersen, M. A. (2009). Estimating standard errors in finance panel data sets: Comparing approaches. The Review of Financial Studies, 22(1), 435–480. https://doi.org/10.1093/rfs/hhn053
  • Pilcher, R., & Van Der Zahn, M. (2010). Local governments unexpected depreciation and financial performance adjustment. Financial Accountability & Management, 26(3), 299–324. https://doi.org/10.1111/j.1468-0408.2010.00503.x
  • Polyzos, N., Karakolias, S., Dikeos, C., Theodorou, M., Kastanioti, C., Mama, K., Polizoidis, P., Skamnakis, C., Tsairidis, C., & Thireos, E. (2014). The introduction of Greek central health fund: Has the reform met its goal in the sector of primary health care or is there a new model needed? BMC Health Services Research, 14, 583. https://doi.org/10.1186/s12913-014-0583-4
  • Souliotis, K., Papageorgiou, M., Politi, A., Frangos, N., & Tountas, Y. (2015). Estimating the fiscal effects of public pharmaceutical expenditure reduction in Greece. Frontiers in Public Health, 3, 203. https://doi.org/10.3389/fpubh.2015.00203
  • Vansant, B. (2016). Institutional pressures to provide social benefits and the earnings management behavior of nonprofits: Evidence from the U.S. hospital industry. Contemporary Accounting Research, 33(4), 1576–1600. https://doi.org/10.1111/1911-3846.12215
  • Venieris, G., & Cohen, S. (2004). Accounting reform in Greek universities: A slow moving process. Financial Accountability & Management, 20(2), 183–204. https://doi.org/10.1111/j.1468-0408.2004.00192.x
  • Verbruggen, S., & Christiaens, J. (2012). Do non-profit organizations manage earnings toward zero profit and does governmental financing play a role? Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration, 29(3), 205–217. https://doi.org/10.1002/cjas.1219
  • Walsh, P., Graig, R., & Clarke, F. (1991). Big bath accounting using extraordinary items adjustments Australian. Journal of Business Finance & Accounting, 18(2), 173–189. https://doi.org/10.1111/j.1468-5957.1991.tb00587.x
  • Watts, R. L., & Zimmerman, J. (1990). Positive accounting theory: A ten year perspective. The Accounting Review, 65(1), 131–156. www.jstor.org/stable/247880.
  • Yetman, M. H., & Yetman, R. J. (2013). Do donors discount low-quality accounting information? The Accounting Review, 88(3), 1041–1067. www.jstor.org/stable/23526313.
  • Zimmerman, J. L. (1977). The municipal accounting maze: An analysis of political incentives. Journal of Accounting Research, 15, 107–144. https://doi.org/10.2307/2490636

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.