Financial Sustainability and Earnings Management in the Spanish Sports Federations: A Multi-Theoretical Approach

Juan Carlos Guevara, Emilio Martín and María José Arcas
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Juan Carlos Guevara: Faculty of Economics and Business, University of Zaragoza, 50005 Zaragoza, Spain
Emilio Martín: Faculty of Economics and Business, University of Zaragoza, 50005 Zaragoza, Spain
María José Arcas: Faculty of Economics and Business, University of Zaragoza, 50005 Zaragoza, Spain

Sustainability, 2021, vol. 13, issue 4, 1-16

Abstract: The objective of this study is to analyze, from a multi-theoretical framework, whether the managers of the Spanish National Sports Federations (NSFs) apply earnings management using accounting accruals as a measure of managerial discretion; secondly, whether these practices are associated with both the level of dependence on external resources, and the economic and financial control mechanisms exercised by the Superior Sports Council (Consejo Superior de Deportes, CSD) for the granting of public subsidies. The study provides evidence that long-term debt levels and the size of sports federations are determinants of earnings management, with a more accentuated relationship in the case of Olympic and Paralympic sports federations.

Keywords: earnings management; accountability; sports federations; nonprofit entities; financial sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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