Beneish Model for the Detection of Tax Manipulation: Evidence from Slovakia
| Autoři | |
|---|---|
| Rok publikování | 2023 |
| Druh | Článek v odborném periodiku |
| Časopis / Zdroj | EKONOMICKY CASOPIS |
| Fakulta / Pracoviště MU | |
| Citace | |
| www | https://www.sav.sk/journals/uploads/0818104803%2023%20Baumohl%20+SR.pdf |
| Doi | http://dx.doi.org/10.31577/ekoncas.2023.03.01 |
| Klíčová slova | earnings manipulation; Beneish model; accounting fraud; Slovakia; corporate governance |
| Přiložené soubory | |
| Popis | To test the usefulness of the Beneish model, we use a unique, not publicly avail-able database from the Financial Administration of the Slovak Republic, aggre-gating the results of all on-site financial inspections conducted by this authority during 2015 - 2019. This database is paired with firm-level accounting data from the Registry of Financial Statements and the Business Register to obtain additional corporate governance data. Our results indicate that (a) the performance of the Beneish model is inferior for the Slovak data; (b) there are several significant financial variables with statistical and economic significance, but their relevance is conditional on the industry group; and (c) corporate governance indicators appear to be more relevant preventive factors of fraudulent behavior, especially foreign ownership, female CEO and corporate social responsibility. |