Accruals: Signalling or misleading? - Koerniadi, Hardjo
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Studies on earnings management usually hypothesise that managers manage accruals opportunistically. Few studies however, argue that managers can also use accruals to improve the value relevance of reported earnings to help investors better assess the firm s operating performance. While substantial evidence on managers opportunistic behaviour on accruals has been documented in the literature, empirical evidence on the informativeness of accruals is scarce and inconclusive. This book examines this issue using three corporate events as the research settings. In addition, this book also examines…mehr

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Produktbeschreibung
Studies on earnings management usually hypothesise
that managers manage accruals opportunistically. Few
studies however, argue that managers can also use
accruals to improve the value relevance of reported
earnings to help investors better assess the firm s
operating performance. While substantial evidence on
managers opportunistic behaviour on accruals has
been documented in the literature, empirical
evidence on the informativeness of accruals is
scarce and inconclusive. This book examines this
issue using three corporate events as the research
settings. In addition, this book also examines the
persistence of the accrual anomaly, an anomaly
believed to be a manifestation of earnings
management. The results reported in this book should
yield some insights that could be useful to both
stock market investors and regulators in the Pacific-
Basin region whose stock market environments are
closer to that of New Zealand than to the United
States.
Autorenporträt
Dr. Koerniadi is a senior lecturer in finance at AUT University,
New Zealand. His research in accounting and finance areas has
been published as journal articles and as a book chapter in
Issues in Corporate Governance and Finance 2007.