کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7355424 | 1477786 | 2018 | 20 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Managerial reporting behavior around exchange switching: Consideration of current and future performance
ترجمه فارسی عنوان
رفتار گزارشگری مدیریتی در برابر تغییر سوئیچینگ: در نظر گرفتن عملکرد فعلی و آینده
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
By examining firms switching trading markets from the NASDAQ or AMEX to the NYSE and from the NASDAQ to the AMEX, we find that switching firms typically report significant positive abnormal accruals in the year preceding exchange switching. The pre-switching abnormal accruals are negatively associated with post-switching stock and operating performance, with the association driven mainly by firms with poor earnings in both current and future periods. The results suggest that pre-switching earnings management behavior, on average, supports the managerial opportunism, but not the signaling, intent. In further analysis, we find some evidence that firms with good performance in both current and future periods tend to choose income-decreasing reporting to avoid competition and/or mitigate adverse political attention.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Economics & Finance - Volume 56, July 2018, Pages 218-237
Journal: International Review of Economics & Finance - Volume 56, July 2018, Pages 218-237
نویسندگان
Wen-Chun Lin, Tsai-Ling Liao,