By Joshua Ronen, Varda Yaari
Gains administration: concept and learn is a scholarly learn of gains administration. The ebook is aimed for students in accounting, finance, economics, and legislation. The authors handle the subsequent learn questions: Why profits are so vital that organizations believe pressured to control them? what's profits administration? What set of conditions will result in profits administration? How will the interplay between administration, forums of administrators, traders, staff, providers, buyers and regulators impact gains administration? Can honest reporting be thought of profits administration? What are the motivations for smoothing and different reporting options? how one can layout empirical examine addressing profits administration? What are the restrictions and strengths of present empirical versions?
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Additional resources for Earnings Management: Emerging Insights in Theory, Practice, and Research (Springer Series in Accounting Scholarship)
Sample text
27). For example, disappointed owners can sue the firm, which is a value-decreasing event that may lead to management’s dismissal (see Chap. 3). Hence, two features of the shareholders–manager situation contribute to shareholders’ inability to induce decisions that maximize their own utility. One is poor governance. The other is information. That is, shareholders need information to monitor management and the board with the limited tools in their possession. , DeAngelo, 1988b; Bebchuk, 2005b). 16 Bebchuk (2005b), examines whether shareholders propose a slate of directors as an alternative to incumbent management’s slate of nominations and whether they are successful.
To emphasize, we exclude truthful revelation that is discounted by the audience from our definition of earnings management; that is, we do not treat such instances as manifestation of earnings management. ” (Beneish, 2001, p. 3) “The push for increased transparency in financial reporting and corporate governance serves the shareholders only up to a point. Beyond that, managerial inhibitions induced by a lack of privacy can damage the interests of shareholders…. That earnings management reduces transparency is a simplistic idea.
Second, not all earnings management is misleading. Investors, for example, prefer to separate persistent earnings from one-time shocks. Firms that manage earnings in order to allow investors to better distinguish between the two components do not distort earnings. On the contrary, they enhance the informational value of their reported earnings. We therefore offer an alternative definition of earnings management. Earnings management is a collection of managerial decisions that result in not reporting the true short-term, value-maximizing earnings as known to management.