The impacts of asset impairments on performance in the Taiwan listed electronics industry
This paper explores whether the recognition of asset impairments provides an opportunity for earnings management by examining changes in the performance. First, we apply a dynamic data envelopment analysis model to evaluate the operating performance of Taiwanese electronics firms for the period from...
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| Veröffentlicht in: | International journal of production research 2015-04, Vol.53 (8), p.2410-2426 |
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| container_end_page | 2426 |
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| container_issue | 8 |
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| container_title | International journal of production research |
| container_volume | 53 |
| creator | Wang, Wei-Kang Chan, Yee Chuann Lu, Wen-Min Chang, Hua |
| description | This paper explores whether the recognition of asset impairments provides an opportunity for earnings management by examining changes in the performance. First, we apply a dynamic data envelopment analysis model to evaluate the operating performance of Taiwanese electronics firms for the period from 2004 to 2013. Statistical tests are next applied to assess the average efficiency variation between the periods before and after firms recognise asset impairments. Several empirical findings are as follows: managers recognise asset impairments when their firms have poor performance as compared to other firms that do not record any asset impairments recognition, and that their performance keeps on improving in both the year of recognising asset impairments and the year after asset impairments recognition. That is, managers tend to recognise asset impairments to improve operating performance, while the firms are performing poorly, supporting the opportunistic behaviour theory. |
| doi_str_mv | 10.1080/00207543.2014.972526 |
| format | Article |
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First, we apply a dynamic data envelopment analysis model to evaluate the operating performance of Taiwanese electronics firms for the period from 2004 to 2013. Statistical tests are next applied to assess the average efficiency variation between the periods before and after firms recognise asset impairments. Several empirical findings are as follows: managers recognise asset impairments when their firms have poor performance as compared to other firms that do not record any asset impairments recognition, and that their performance keeps on improving in both the year of recognising asset impairments and the year after asset impairments recognition. That is, managers tend to recognise asset impairments to improve operating performance, while the firms are performing poorly, supporting the opportunistic behaviour theory.</description><identifier>ISSN: 0020-7543</identifier><identifier>EISSN: 1366-588X</identifier><identifier>DOI: 10.1080/00207543.2014.972526</identifier><language>eng</language><publisher>London: Taylor & Francis</publisher><subject>asset impairments ; Data envelopment analysis ; dynamic performance ; Dynamic tests ; Earnings management ; Electronics ; Electronics industry ; Impaired assets ; Impairment ; Operations research ; Performance enhancement ; Performance evaluation ; Profits ; Recognition ; Scandals ; Statistical tests ; Studies</subject><ispartof>International journal of production research, 2015-04, Vol.53 (8), p.2410-2426</ispartof><rights>2014 Taylor & Francis 2014</rights><rights>Copyright Taylor & Francis Group 2015</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c469t-ef5dd3d17fe40c9d4d00ba8c06bdaecc2ab2da94bece4f86c4ff5bd7d71025f3</citedby><cites>FETCH-LOGICAL-c469t-ef5dd3d17fe40c9d4d00ba8c06bdaecc2ab2da94bece4f86c4ff5bd7d71025f3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.tandfonline.com/doi/pdf/10.1080/00207543.2014.972526$$EPDF$$P50$$Ginformaworld$$H</linktopdf><linktohtml>$$Uhttps://www.tandfonline.com/doi/full/10.1080/00207543.2014.972526$$EHTML$$P50$$Ginformaworld$$H</linktohtml><link.rule.ids>314,776,780,27901,27902,59620,60409</link.rule.ids></links><search><creatorcontrib>Wang, Wei-Kang</creatorcontrib><creatorcontrib>Chan, Yee Chuann</creatorcontrib><creatorcontrib>Lu, Wen-Min</creatorcontrib><creatorcontrib>Chang, Hua</creatorcontrib><title>The impacts of asset impairments on performance in the Taiwan listed electronics industry</title><title>International journal of production research</title><description>This paper explores whether the recognition of asset impairments provides an opportunity for earnings management by examining changes in the performance. 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That is, managers tend to recognise asset impairments to improve operating performance, while the firms are performing poorly, supporting the opportunistic behaviour theory.</description><subject>asset impairments</subject><subject>Data envelopment analysis</subject><subject>dynamic performance</subject><subject>Dynamic tests</subject><subject>Earnings management</subject><subject>Electronics</subject><subject>Electronics industry</subject><subject>Impaired assets</subject><subject>Impairment</subject><subject>Operations research</subject><subject>Performance enhancement</subject><subject>Performance evaluation</subject><subject>Profits</subject><subject>Recognition</subject><subject>Scandals</subject><subject>Statistical tests</subject><subject>Studies</subject><issn>0020-7543</issn><issn>1366-588X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2015</creationdate><recordtype>article</recordtype><recordid>eNp9kE1LxDAQhoMouK7-Aw8FL166pm3Sj5PI4hcseOlBTyFNJpilTdYkZdl_b7rViwfnMjA878vwIHSd4VWGa3yHcY4rSopVjjOyaqqc5uUJWmRFWaa0rt9P0WJC0ok5Rxfeb3EcWpMF-mg_IdHDjovgE6sS7j2E40G7Acx0NMkOnLJu4EZE1iQhRlqu99wkvfYBZAI9iOCs0cJHQI4-uMMlOlO893D1s5eofXps1y_p5u35df2wSQUpm5CColIWMqsUECwaSSTGHa8FLjvJQYicd7nkDelAAFF1KYhStJOVrDKcU1Us0e1cu3P2awQf2KC9gL7nBuzoWVaWTU1z2tQRvfmDbu3oTHwuUpRGqimaSJGZEs5670CxndMDdweWYTbpZr-62aSbzbpj7H6OaXN0tbeulyzwQ2-dclGd9qz4t-Eb_TyIqw</recordid><startdate>20150418</startdate><enddate>20150418</enddate><creator>Wang, Wei-Kang</creator><creator>Chan, Yee Chuann</creator><creator>Lu, Wen-Min</creator><creator>Chang, Hua</creator><general>Taylor & Francis</general><general>Taylor & Francis LLC</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7SC</scope><scope>8FD</scope><scope>F28</scope><scope>FR3</scope><scope>JQ2</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope></search><sort><creationdate>20150418</creationdate><title>The impacts of asset impairments on performance in the Taiwan listed electronics industry</title><author>Wang, Wei-Kang ; Chan, Yee Chuann ; Lu, Wen-Min ; Chang, Hua</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c469t-ef5dd3d17fe40c9d4d00ba8c06bdaecc2ab2da94bece4f86c4ff5bd7d71025f3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2015</creationdate><topic>asset impairments</topic><topic>Data envelopment analysis</topic><topic>dynamic performance</topic><topic>Dynamic tests</topic><topic>Earnings management</topic><topic>Electronics</topic><topic>Electronics industry</topic><topic>Impaired assets</topic><topic>Impairment</topic><topic>Operations research</topic><topic>Performance enhancement</topic><topic>Performance evaluation</topic><topic>Profits</topic><topic>Recognition</topic><topic>Scandals</topic><topic>Statistical tests</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Wang, Wei-Kang</creatorcontrib><creatorcontrib>Chan, Yee Chuann</creatorcontrib><creatorcontrib>Lu, Wen-Min</creatorcontrib><creatorcontrib>Chang, Hua</creatorcontrib><collection>CrossRef</collection><collection>Computer and Information Systems Abstracts</collection><collection>Technology Research Database</collection><collection>ANTE: Abstracts in New Technology & Engineering</collection><collection>Engineering Research Database</collection><collection>ProQuest Computer Science Collection</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Computer and Information Systems Abstracts Academic</collection><collection>Computer and Information Systems Abstracts Professional</collection><jtitle>International journal of production research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Wang, Wei-Kang</au><au>Chan, Yee Chuann</au><au>Lu, Wen-Min</au><au>Chang, Hua</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The impacts of asset impairments on performance in the Taiwan listed electronics industry</atitle><jtitle>International journal of production research</jtitle><date>2015-04-18</date><risdate>2015</risdate><volume>53</volume><issue>8</issue><spage>2410</spage><epage>2426</epage><pages>2410-2426</pages><issn>0020-7543</issn><eissn>1366-588X</eissn><abstract>This paper explores whether the recognition of asset impairments provides an opportunity for earnings management by examining changes in the performance. 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| identifier | ISSN: 0020-7543 |
| ispartof | International journal of production research, 2015-04, Vol.53 (8), p.2410-2426 |
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| language | eng |
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| source | Taylor & Francis:Master (3349 titles); Business Source Complete |
| subjects | asset impairments Data envelopment analysis dynamic performance Dynamic tests Earnings management Electronics Electronics industry Impaired assets Impairment Operations research Performance enhancement Performance evaluation Profits Recognition Scandals Statistical tests Studies |
| title | The impacts of asset impairments on performance in the Taiwan listed electronics industry |
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