. Comparison of cosmetic earnings management for the developed markets and emerging markets: Some empirical evidence from the United States and Taiwan Fengyi Lin a , Sheng-Fu. management, which uses Taiwan 2 as the proxy of emerging market and the United States as the proxy of developed market. 3. Hypotheses and m athematical model 3.1. Hypotheses Man and Wong (2013) consider. Cramer's V of the second digit in the United States (0.0079). Overall, the degree of deviation in Taiwan is larger than the degree of deviation in the United States. The results reject the hypothesis