کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
1003903 | 937665 | 2007 | 14 صفحه PDF | دانلود رایگان |
![عکس صفحه اول مقاله: Decoupled earnings: An institutional perspective of the consequences of maximizing shareholder value Decoupled earnings: An institutional perspective of the consequences of maximizing shareholder value](/preview/png/1003903.png)
Recent accounting scandals have brought focus on the role of management in financial statement manipulation. This focus on micro-behavior does not capture the complexities of earnings management. Taking an institutional rather than agency theory approach, earnings management is posited as a decoupled behavior. A behavior that results from not only agency-based motivations of self-interests, but also regulative, normative, and cultural-cognitive legitimacy pressures. Conformity to the central logic of “maximizing shareholder value” found in the “US financial market” institutional field provides the context in which to explore earnings management as a decoupled behavior. Insights for earnings management include the blending of agency and institutional theory perspectives to gain a more complete understanding of the behavior and the positing of a continuum of earnings management conducive to this merger. Institutional theory benefits from exploring the nesting in multiple institutional fields.
Journal: Accounting Forum - Volume 31, Issue 4, December 2007, Pages 370–383