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Can sudden fluctuations in tourism demand influence the earnings management practices of the hotel industry? Evidence from Portugal

2026-01-07Artigo científico Acesso aberto
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datacite.subject.sdg08:Trabalho Digno e Crescimento Económico
datacite.subject.sdg12:Produção e Consumo Sustentáveis
datacite.subject.sdg16:Paz, Justiça e Instituições Eficazes
dc.contributor.authorGonçalves, Beatriz
dc.contributor.authorSerra Coelho, Luís Miguel
dc.contributor.authorPinto, Patrícia
dc.date.accessioned2026-03-02T13:19:05Z
dc.date.available2026-03-02T13:19:05Z
dc.date.issued2026-01-07
dc.description.abstractThis study examines how sudden shifts in tourism demand affect the Earnings Management (EM) strategies of hotel firms, using Portuguese companies as the study context. This paper uses accounting data from 490 non-listed Portuguese hotel firms collected from the ORBIS database over the 2016-2021 period. The presence of EM practices is investigated using the methodology developed by Burgstahler and Dichev (1997), while panel data regression is used to explore the impact of the COVID-19 pandemic on the sample firms' EM practices. Portuguese hotel firms use EM practices upward or downward depending on their starting position. In general, these firms tend to manipulate results in order to avoid reporting losses, a practice they intensify when faced with a sharp decline in demand. In particular, this paper finds that, during the recent pandemic period, such companies have aggressively used the discretionary component of accruals to disclose higher results. To the best of our knowledge, this is the first article exploring how a sudden decline in tourism demand affects the EM behaviour of firms operating in the hospitality sector. Our findings have important implications for such companies' stakeholders, especially investors and regulators.eng
dc.description.sponsorshipUID/ ECO/04007/2020, UI/BD/150797/2020
dc.identifier.doi10.1177/14673584251415079
dc.identifier.eissn1742-9692
dc.identifier.issn1467-3584
dc.identifier.urihttp://hdl.handle.net/10400.1/28298
dc.language.isoeng
dc.peerreviewedyes
dc.publisherSAGE Publications
dc.relationResearch Centre for Tourism, Sustainability and Well-being
dc.relation.ispartofTourism and Hospitality Research
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subjectEarnings management
dc.subjectHospitality
dc.subjectNon-listed firms
dc.subjectDiscretionary accrual
dc.titleCan sudden fluctuations in tourism demand influence the earnings management practices of the hotel industry? Evidence from Portugaleng
dc.typejournal article
dspace.entity.typePublication
oaire.awardNumberUIDB/04020/2020
oaire.awardTitleResearch Centre for Tourism, Sustainability and Well-being
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04020%2F2020/PT
oaire.citation.titleTourism and Hospitality Research
oaire.fundingStream6817 - DCRRNI ID
oaire.versionhttp://purl.org/coar/version/c_970fb48d4fbd8a85
person.familyNameGonçalves
person.familyNameSerra Coelho
person.familyNamePinto
person.givenNameBeatriz
person.givenNameLuís Miguel
person.givenNamePatrícia
person.identifier.ciencia-id2E1B-1ABB-ABAE
person.identifier.ciencia-id1215-D615-204C
person.identifier.orcid0000-0002-3207-5416
person.identifier.orcid0000-0002-8074-4194
person.identifier.orcid0000-0002-3153-2830
person.identifier.ridC-3197-2018
person.identifier.scopus-author-id57200566502
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
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relation.isAuthorOfPublication55f90d09-aedc-4e04-85df-7b4ff1a2a278
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relation.isAuthorOfPublication.latestForDiscovery9edd3100-4c78-4492-bd19-469a31b7253a
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