کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5086827 | 1478192 | 2012 | 23 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Discretionary accounting choices and the predictive ability of accruals with respect to future cash flows
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
حسابداری
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چکیده انگلیسی
Using a sample of restatement firms and a meet-or-beat model to classify firms as making discretionary accounting choices for opportunistic meet-or-beat (OP-MB) reasons, we show that originally reported earnings and accrual components are less predictive of future cash flows relative to the restated numbers. We find the opposite is true for firms classified as making discretionary accounting choices for non-OP-MB reasons. We consider a number of competing explanations for these latter results. Our findings are most consistent with the informational hypothesis, weakly consistent with conservative-motivated efficient contracting hypotheses, but inconsistent with opportunistic contracting and misapplication/errors of GAAP explanations.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Accounting and Economics - Volume 53, Issues 1â2, FebruaryâApril 2012, Pages 330-352
Journal: Journal of Accounting and Economics - Volume 53, Issues 1â2, FebruaryâApril 2012, Pages 330-352
نویسندگان
Brad A. Badertscher, Daniel W. Collins, Thomas Z. Lys,