[DOWNLOAD] "Do Managers Smooth Earnings Paths?" by Academy of Accounting and Financial Studies Journal # Book PDF Kindle ePub Free

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eBook details

• Title: Do Managers Smooth Earnings Paths?
• Author : Academy of Accounting and Financial Studies Journal
• Release Date : January 01, 1997
• Genre: Business & Personal Finance,Books,
• Pages : * pages
• Size : 289 KB

Description

INTRODUCTION The topic of "income smoothing" (or "income normalization") has received much theoretical and empirical attention. Ronan, Sadan and Snow (1977), Eckel (1981) and Imhoff (1981) provide excellent reviews, and the book by Ronan and Sadan (1981) is thorough. From these works it is clear that there is no standard model of income smoothing, but rather a body of interrelated theories and tests. Articles differ on such fundamental matters as the motivation behind income smoothing, its measurement, and its impact on stockholders. Some of these differences may be attributable in part to multiple definitions of income smoothing. The type of smoothing that we study here "involves the repetitive selection of accounting measurement or reporting rules in a particular pattern, the effect of which is to report a stream of income with a smaller variation from trend than would otherwise have appeared." (Copeland (1968, p. 102), emphasis added). (1)

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