Earnings management practices may be implemented to unduly improve the company's credit score, and in voluntary settings, a company's choice of adopting IFRS can influence the company's credit profile. We conduct an empirical analysis on a representative sample (n = 10,389) of Italian private companies and find that earning management practices improve, whereas a voluntary IFRS adoption worsen a company's creditworthiness profile. We also find that IFRS adoption cancels out the former undue credit profile benefits, further penalising the credit score. Future studies should replicate these analyses for other contexts and using alternative financial measures to improve the generalisability of these findings.

中文翻译：

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自愿采用国际财务报告准则对私营企业盈余管理和信用评分的调节作用


实施盈余管理实践可能会过度提高公司的信用评分，在自愿的情况下，公司选择采用 IFRS 可能会影响公司的信用状况。我们对意大利私营公司的代表性样本 （n = 10,389） 进行了实证分析，发现收益管理实践有所改善，而自愿采用 IFRS 会恶化公司的信誉状况。我们还发现，采用 IFRS 抵消了以前不当的信用状况优势，进一步降低了信用评分。未来的研究应针对其他情况复制这些分析，并使用替代性财务措施来提高这些发现的普遍性。