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

Author

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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)

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.

Suggested Citation

  • Juan Carlos Guevara & Emilio Martín & María José Arcas, 2021. "Financial Sustainability and Earnings Management in the Spanish Sports Federations: A Multi-Theoretical Approach," Sustainability, MDPI, vol. 13(4), pages 1-16, February.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:4:p:2099-:d:500353
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    References listed on IDEAS

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    Cited by:

    1. Jordi Seguí-Urbaneja & David Cabello-Manrique & Juan Carlos Guevara-Pérez & Esther Puga-González, 2022. "Understanding the Predictors of Economic Politics on Elite Sport: A Case Study from Spain," IJERPH, MDPI, vol. 19(19), pages 1-13, September.
    2. Andrzej Piosik, 2021. "Revenue Identification in Attaining Consensus Estimates on Income Predictions: The Function of Ownership Concentration and Managerial Ownership Confirmation from Poland," Sustainability, MDPI, vol. 13(23), pages 1-16, December.
    3. Rudemarlyn Urdaneta & Juan C. Guevara-Pérez & Fernando Llena-Macarulla & José M. Moneva, 2021. "Transparency and Accountability in Sports: Measuring the Social and Financial Performance of Spanish Professional Football," Sustainability, MDPI, vol. 13(15), pages 1-16, August.

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