Table 7 Analysis of the Jones, modified...

Table 7

Analysis of the Jones, modified Jones, Kasznik and Kothari et al. models

Model	Variable	Expected sign*	Estimated coefficient***	Result	The final interpretation of the model
Jones (1991)	∆REV	Positive**	Positive	Compatible	Incompatible model coefficient
Jones (1991)	PPE	Negative	Positive	Incompatible
Modified Jones (Dechow et al., 1995)	∆REV–∆REC	Positive	Negative	Incompatible	Incompatible model coefficient
Modified Jones (Dechow et al., 1995)	PPE	Negative	Positive	Incompatible
Kasznik (1999)	∆REV–∆REC	Positive	Positive	Compatible	Compatible model coefficient
	PPE	Negative	Negative	Compatible
	∆CFO	Negative	Negative	Compatible
Kothari et al. (2005)	∆REV	Positive	Positive	Compatible	Incompatible model coefficient
	PPE	Negative	Positive	Compatible
	∆ROA	Positive	Negative	Compatible

Model	Variable	Expected sign*	Estimated coefficient***	Result	The final interpretation of the model
Jones (1991)	∆REV	Positive**	Positive	Compatible	Incompatible model coefficient
Jones (1991)	PPE	Negative	Positive	Incompatible
Modified Jones (Dechow et al., 1995)	∆REV–∆REC	Positive	Negative	Incompatible	Incompatible model coefficient
Modified Jones (Dechow et al., 1995)	PPE	Negative	Positive	Incompatible
Kasznik (1999)	∆REV–∆REC	Positive	Positive	Compatible	Compatible model coefficient
	PPE	Negative	Negative	Compatible
	∆CFO	Negative	Negative	Compatible
Kothari et al. (2005)	∆REV	Positive	Positive	Compatible	Incompatible model coefficient
	PPE	Negative	Positive	Compatible
	∆ROA	Positive	Negative	Compatible

Note(s): * The expected sign is according to the theoretical framework; this variable's sign must be positive or negative

** The expected coefficients are extracted from the theoretical framework of the research

*** The estimated coefficients are extracted from the research calculation information

Source(s): Authors' own calculations