Earnings quality and audit attributes in high concentrated ownership market
نویسندگان
چکیده
منابع مشابه
Audit adjustments and earnings quality
While there are many alternative proxies for “earnings quality”, there is little evidence as to what auditors consider to be indicative of high earnings quality. To answer this, we examine the adjustments that auditors require companies to make to earnings during year-end audits. There are three findings. First, audit adjustments serve to increase earnings persistence, smoothness, and accrual q...
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Investors can choose to hold diversified or levered, concentrated portfolios of risky assets. This paper studies the dynamics of asset prices in an economy in which both investment styles coexist in equilibrium even though all agents are ex-ante identical. I capture the tradeoff between risk sharing and productivity gains by introducing what I call “active capital.” People who participate in su...
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ژورنال
عنوان ژورنال: Corporate Governance
سال: 2016
ISSN: 1472-0701
DOI: 10.1108/cg-08-2015-0110