5. Conclusie en discussie
5.3 Beperkingen en vervolgonderzoek
Dit onderzoek kent een aantal beperkingen. Allereerst heb ik alleen beursgenoteerde ondernemingen in het Verenigd Koninkrijk onderzocht, om precies te zijn de FTSE 100. Het is niet duidelijk of de resultaten ook van toepassing zijn op ondernemingen die niet opgenomen zijn in bovengenoemde index. Voor toekomstig onderzoek is het interessant dit onderzoek daarmee uit te breiden, bijvoorbeeld de FTSE 250. Daarnaast zijn alle financiële instellingen voor dit onderzoek uitgesloten, vanwege hun afwijkende resultatenrekening en balans. Mogelijk kan in vervolgonderzoek gekeken worden wat de verschillen tussen de financiële instellingen en de niet-financiële instellingen zijn als het op earnings management aankomt.
In een vervolgonderzoek kan mogelijk ook gekeken worden naar verschillende industrieën. Mogelijk valt er nog een onderscheid te maken tussen de ondernemingen, wanneer deze gecategoriseerd worden. Door de beperkte omvang van de steekproef (63 ondernemingen) lijkt een dergelijke indeling alleen op hoofdniveau te maken, waardoor de toegevoegde waarde mogelijk beperkt blijft. Een andere aanvulling is om te analyseren of er een verschil waarneembaar is tussen de accrual-based earnings management (AM), op basis van dit onderzoek, en real based earnings management (RM). Verdere analyses met betrekking tot de variabelen kunnen van waarde zijn voor toekomstig onderzoek. De door mij geschetste combinatie toont aan dat er variabelen aanwezig zijn die geen toegevoegde waarde hebben, dan wel dat er informatie in de data achterblijft. Bovenstaande uitbreidingen en vervolgonderzoeken kunnen op hun beurt de algehele kennis over earnings management vergroten.
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