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Wu, Jin Ginger - 2007

(ii) adding investment- based factors into standard factor regressions substantially reduces the magnitude of the accrual … anomaly. High accrual firms also have similar corporate governance and entrenchment indexes as low accrual firms. This … evidence suggests that the accrual anomaly is more likely to be driven by optimal investment than by investor overreaction to …

Persistent link: https://www.econbiz.de/10012465121

Research in Accounting for Income Taxes

Graham, John - 2010

This paper comprehensively reviews Accounting for Income Taxes (AFIT). The first half provides background and a primer on AFIT. The second half reviews existing studies in detail and offers suggestions for future research. We emphasize the research questions that have been addressed (most of...

Persistent link: https://www.econbiz.de/10012462987

The Economics of Earnings Manipulation and Managerial Compensation

Crocker, Keith J. - 2006

This paper examines managerial compensation in an environment where managers may take a hidden action that affects the actual earnings of the firm. When realized, these earnings constitute hidden information that is privately observed by the manager, who may expend resources to generate an...

Persistent link: https://www.econbiz.de/10012466016

Australian Government Balance Sheet Management

Au-Yeung, Wilson - 2006

Based on this framework, we find that a Future Fund portfolio that included (amongst other potential investments) domestic nominal securities and equities of selected countries would reduce overall balance sheet risk

Persistent link: https://www.econbiz.de/10012466348

Earnings Manipulation and Managerial Investment Decisions : Evidence from Sponsored Pension Plans

Bergstresser, Daniel - 2004

Managers appear to manipulate firm earnings when they characterize pension assets to capital markets and alter investment decisions to justify, and capitalize on, these manipulations. We construct a measure of the sensitivity of reported earnings to the assumed long-term rate of return on...

Persistent link: https://www.econbiz.de/10012468150

Continuing Dangers of Disinformation in Corporate Accounting Reports

Kane, Edward J. - 2003

Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...

Persistent link: https://www.econbiz.de/10012469064

Managing Annual Accounting Reports to Avoid State Taxes : An Analysis of Property-Casualty Insurers

Petroni, Kathy R. - 1998

We hypothesize that, in their annual accounting reports, insurers allocate premiums and losses from multistate policies to reduce total state taxes. To test this prediction, we examine firm-level data, collected from the publicly-available statutory reports used to compute tax bases and filed...

Persistent link: https://www.econbiz.de/10012472220

Corporate Deleveraging

DeAngelo, Harry - 2016

Proactive deleveraging from all-time peak market leverage (ML) to near-zero ML and negative net debt is the norm among 4,476 nonfinancial firms with five or more years of post-peak data. ML is 0.543 at the historical peak and 0.026 at the later trough for the median firm in this sample, with a...

Persistent link: https://www.econbiz.de/10012455852

Accounting and Actuarial Smoothing of Retirement Payouts in Participating Life Annuities

Maurer, Raimond - 2014

Life insurers use accounting and actuarial techniques to smooth reporting of firm assets and liabilities, seeking to transfer surpluses in good years to cover benefit payouts in bad years. Nevertheless, these techniques been criticized as they make it difficult to assess insurers' true financial...

Persistent link: https://www.econbiz.de/10012458540

Smokescreen : How Managers Behave When They Have Something To Hide

González, Tanja Artiga - 2013

We study financial reporting and corporate governance in 218 companies accused of price fixing. These firms engage in evasive financial reporting strategies, including earnings smoothing, segment reclassification, and restatements. In corporate governance, cartel firms favor outside directors...

Persistent link: https://www.econbiz.de/10012459775

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